BlackArch was retained by DRB’s management team and Prairie to serve as the exclusive financial advisor on the transaction.
DRB represents BlackArch’s most recent transaction in the car wash ecosystem, which includes successful engagements encompassing: vertical software, manufacturing/OEM, field service, chemical distribution and car wash retail. Further, DRB is another clear example of BlackArch’s alignment with high-growth, market-leading platform companies in the middle market that leverage the firm’s deep sector experience in Applied Technology and Business & Professional Services.
The investment by New Mountain will support the continued growth of DRB, with New Mountain investing for a controlling stake in the business.