(CercleFinance.com) – Investment funds managed by KKR have made a significant minority investment in Quick Quack Car Wash.
Quick Quack’s founders and its long-time partner, Seidler Equity Partners, will continue to hold significant stakes in the company alongside KKR.
The new investment will support Quick Quack’s continued acceleration of growth through innovation, marketing and organic expansion into new and existing markets.
Quick Quack is one of the largest and fastest growing express-size car wash operators in the United States, with more than 230 locations in California, Texas, Arizona, Utah and Colorado.
‘With its differentiated operating model, strong track record of organic growth and world-class team, we believe Quick Quack is well positioned to continue its growth trajectory,’ said KKR Director Sam Plotner.
‘We look forward to working with the Quick Quack and Seidler teams to continue to drive growth by building on the strong foundation they have established over the past two decades. ‘
Copyright © 2024 CercleFinance.com. All rights reserved.
Did you like this article ? Share it with your friends using the buttons below.
