Case Study
Harrell’s Car Wash Systems
Industries:
Business Services; Distribution
Description:
Harrell’s is the leading distributor of car wash systems and supplies in the Midwest, Northeast and Mid Atlantic regions. Founded over 40 years ago as a carwash, Harrell’s has grown into a full-service distributor that provides site evaluation, design and development assistance, equipment solutions and a full line of chemical and parts. The Harrell’s management team will continue to lead the business for the thousands of clients it serves.
Location:
Indianapolis, IN
Ownership:
Generation Growth Capital
Transaction Type:
Sellside Advisory
Situation
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.
BlackArch's Customized Solution
The transaction continues BlackArch’s impressive velocity and momentum of activity in the car wash, distribution and field services sectors.
Outcome
Harrell’s Car Wash Systems, a portfolio company of Generation Growth Capital, has been acquired by Sonny’s Enterprises, a portfolio company of Genstar Capital.
