CHARLOTTE, NC (August 8, 2018) – BlackArch Partners LLC (“BlackArch”) is pleased to announce the strategic partnership of TSS Car Wash Services (“TSS” or the “Company”), a portfolio company of PNC Riverarch Capital, with National Carwash Solutions (“NCS”), a portfolio company of AEA Investors.

Headquartered in Warren, MI, TSS is the industry’s leading customized car wash design solutions supplier.  The Company provides the very best in car wash consultation, LED lighting, creative design, customized signage and systems, wash package solutions and marketing services to their car wash customers.

TSS adds considerable fire power to NCS’ arsenal of bundled product and service offerings.  The Company recently tripled their operating footprint by moving into a new 100,000 square foot facility to accommodate increased demand and future growth. Through recent investments into new technologies, TSS will continue to offer world-class innovation while providing the same great sales, service and support to all customers.

BlackArch was retained by TSS and PNC Riverarch Capital to serve as the Company’s exclusive financial advisor. The transaction continues BlackArch’s strong momentum in the car wash, business services and diversified industrials sectors and is another example of the firm’s focus on providing unique M&A advisory services to market-leading growth businesses.

About TSS Car Wash Services

TSS Car Wash Services is a leading provider of custom design solutions to car wash operators nationally. TSS designs and manufactures all its products in-house, with unprecedented customization. Its in-house designers create mass-produced products for all customers, while also working with customers in a consultative role to custom design solutions for their specific car washes. With decades of experience, the Company has exceeded expectations by setting the standard as an industry leader.  Their products not only add excitement to a car wash, they also help car wash owners maximize their profits.

Since 1990, TSS’ success has been derived from their focus on cultivating their car wash expertise so they are best able to serve their customers.  TSS offers the products and services they know will help their car wash operators become more profitable with the very best car wash signage, marketing solutions and services to attract and retain more consumers.

About PNC Riverarch Capital

PNC Riverarch Capital is a middle-market private equity firm which invests in privately held companies headquartered in North America. The firm seeks well-positioned companies where it can invest $10 million to $50 million of capital in support of recapitalizations, leveraged and management buyouts, corporate divestitures and growth financings. PNC Riverarch Capital invests across a variety of industry sectors, including outsourced services, specialized manufacturing, and value-added distribution. PNC Riverarch Capital is a member of The PNC Financial Services Group, Inc., which has invested in private equity since 1982, providing in excess of $1.5 billion of equity capital to more than 100 companies.

About National Carwash Solutions

National Carwash Solutions is the market-leading service and systems provider to the North American car wash industry. NCS has established the only direct, end-to-end customer service and support network with over 320 service technicians nationwide. NCS offers a complete line of CleanTouch cleaning fluid solutions, RO & Reclaim systems and accessories. NCS also offers the widest selection of car wash systems, accessories and parts under the Ryko and MacNeil brands. Founded in 1973, NCS is headquartered in Grimes, Iowa, and employs approximately 600 people across North America.

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.

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