Magnolia Wash Holdings Receives A Growth Capital Investment from Oaktree Capital

• Magnolia Wash Holdings LLC, a leading car wash platform,  has received a growth capital investment from Oaktree Capital to fuel their long-term growth strategy. 
• Magnolia currently operates 93 car wash locations in eight states, with 25 additional locations under construction, and more than 200,000 members in its Wash Club Membership Program.
• Oaktree stands as a frontrunner amidst worldwide investment managers who focus on alternative investments, boasting $172 billion worth of assets under their stewardship as of March 31, 2023. Their strategic emphasis revolves around a blend of opportunism, value-centricity, and prudent risk management in ventures spanning credit, private equity, real assets, and listed equities. The extensive Oaktree team, comprising more than 1,100 professionals, operates from 20 global cities, reflecting their widespread presence and influence.

"As we explored potential investment partners, Oaktree stood out for its proven track record of fostering rapid growth, its unique partnerships with management teams, and its value creation for stakeholders," said Jose Costa, CEO of Magnolia Wash Holdings. "We expect Oaktree's resources, experience and track record will be invaluable to us as we continue to expand our presence in the fast-growing express car wash category. I can't wait to see where we'll be in a few years with this outstanding partnership."  

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