Magnolia Wash Holdings acquires RipTide Auto Wash

RipTide Auto Wash was acquired by Magnolia Wash Holdings on Sep 08, 2022.

OverviewMarketImpactCommentary
Deal Overview
Purchase Date
September 8, 2022
Primary State
North Carolina
Sites Bought
4
Sites
Deal Value
Undisclosed
Transaction Synopsis
  • Magnolia Wash Holdings acquired four new sites from RipTide throughout the state of North Carolina.
  • This acquisition strengthens Magnolia's footprint in the Raleigh and Charlotte MSAs.
Market Significance

Magnolia continues to execute against its strategy of creating regional density in the rapidly growing Southeastern U.S. and operates multiple local brands across its markets.

Client Impact
Management Commentary