Industries:
Business Services; Diversified Industrials
Description:
TSS Car Wash Services 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.
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.
Ownership:
PNC Riverarch Capital
Transaction Type:
Sellside Advisory
Situation
BlackArch was retained by TSS and PNC Riverarch Capital to serve as the Company’s exclusive financial advisor.
BlackArch's Customized Solution
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.
Outcome
TSS Car Wash Services entered into a strategic partnership with National Carwash Solutions, a portfolio company of AEA Investors. TSS adds considerable fire power to NCS’ arsenal of bundled product and service offerings.
