Industries:
Business Services
Description:
Tidal Wave Auto Spa is one of the largest and fastest growing premium conveyor car wash systems in the U.S. and has a current footprint of over 60 locations across eleven states in the Southeast and the Midwest. The Company’s unit count has grown 50% annually since 2017. Tidal Wave’s exceptional team and proprietary technology, cleaning products and systems deliver the highest quality car washes, complemented by unmatched customer service and state-of-the-art facilities. The Company is differentiated by its unique Unlimited Wash Club, which offers customers unbeatable value across an array of options, including exterior and interior cleaning, as well as a family plan.
Transaction Type:
Buyside Advisory
Situation
BlackArch was retained as Golden Gate’s financial advisor.
BlackArch's Customized Solution
BlackArch utilized its established industry knowledge to achieve an optimal outcome for
Golden Gate.
Outcome
Golden Gate Capital partnered with Tidal Wave, a founder-owned business, to accelerate the Company’s trajectory through organic growth at existing sites, aggressive new unit expansion and an enhanced acquisition program. Tidal Wave founder and CEO, Scott Blackstock, will continue to lead the Company as CEO and will remain a significant shareholder.
