"BlackArch was selected as our exclusive financial advisor due to their extensive sector expertise and relationships with all of the major car wash players and investors within the industry,” said John Reinke, Managing Director of Generation Growth Capital. “The BlackArch team demonstrated an unmatched ability to execute on a tailored process for Harrell’s amidst a global pandemic and macroeconomic uncertainty. Our expectations were very high entering the process and the BlackArch team exceeded them in every way.”
Chad Tearman, President and Chief Executive Officer of Harrell’s, added: “From the very beginning of our engagement, the entire BlackArch team provided tireless, around-the-clock guidance to our team, both on a personal and professional level. Their unwavering commitment to fully and seamlessly integrate with our management team provided the valuable support we needed to achieve such a great outcome and partnership with Sonny’s. I cannot imagine a more professional team that truly cares about helping their clients every single day.”
BlackArch was retained by the Harrell’s management team and its financial partner, Generation Growth Capital, to serve as the Company’s exclusive financial advisor. The transaction continues BlackArch’s impressive velocity and momentum of activity in the car wash, distribution and field services sectors.
About Harrell’s Car Wash Systems
Harrell’s Car Wash Systems is one of the nation’s largest full-service distributors of car wash systems and supplies. Based in Indianapolis, Harrell’s provides site evaluation, design and development assistance, equipment solutions and a full line of chemical and parts supply to customers located in the Midwest, Northeast and MidAtlantic regions. For more information, visit www.hcws.com.
About Generation Growth Capital
Generation Growth Capital is a Milwaukee-based private equity firm focusing on investments in small businesses to support ownership transition and growth opportunities. By partnering with solid management teams, GGC adopts a proactive, collaborative approach that builds the businesses in which they invest. Please visit www.generationgrowth.com for more information.
About Sonny’s Enterprises
Sonny’s is the largest manufacturer of conveyorized car wash equipment, parts and supplies in the world. Forward thinking professional car wash investors, owners and operators partner with Sonny’s because of its total offering, market leadership, and deep expertise. Sonny’s education and software products support operator profitability and its conveyorized car wash innovations, parts and supplies keep customers’ businesses growing. For more information, visit www.sonnysdirect.com.
About BlackArch Partners
BlackArch Partners is a leading middle-market investment bank offering a full spectrum of advisory services to financial sponsors, private companies and diversified corporations. BlackArch addresses the needs of owner-operators, founders and shareholders of private companies with specialized services that include M&A advisory, strategic advisory and private capital solutions. Headquartered in Charlotte, North Carolina, with offices in Chicago, Illinois, BlackArch features a total of 12 industry-focused practices that cover all sectors of interest to middle-market investors; BlackArch professionals have closed more than 350 transactions in 16 countries on four continents. Please visit our website, www.blackarchpartners.com, for more details.
Securities offered through BlackArch Securities LLC. Member FINRA and SIPC. Testimonials may not be representative of the experience of all clients. Testimonials are not a guarantee of future performance or success.