Beyond capital, we bring extensive experience professionalizing and growing multi-unit business models local market relationships to enhance development and growth initiatives centralized shared services around finance, M&A/Corporate Development, group purchasing, etc. We prioritize relationships and provide owners access to people, processes, and playbooks needed to drive outsized, enduring growth while protecting and furthering their local legacy. In the case of Spotless Brands, our car wash platform, we began researching the category in 2018 and grew increasingly interested in the car wash market’s durable consumer demand constrained and fragmented supply and opportunity to be a transformative, innovative, and enduring market leader in a space that is benefitting from a shift from the ‘Do-It-Yourself’ to the ‘Do-It-For-Me’ trend.Īs we continued to learn, we were attracted to the car wash industry’s market size and growth rate, increasingly prevalent subscription/membership model, high level of fragmentation, recession-resistant nature, and the extremely attractive unit economics within the express model car wash concept specifically. As part of our platform research journey, we conduct extensive market diligence, with a goal of meeting and learning from successful operators. Access Holdings is a lower-middle market private equity firm focused on building essential service-based businesses into market leaders. When did Access Holdings’ interest in the car wash sector begin? What spiked the interest?Ī. It's network currently consists of over 140 car wash locations and it aims to operate 250 sites by the end of next year. Despite the difficulties that the pandemic brought to the market in the last two years, the firm managed to quadruple its reach across the country. Spotless closed its first partnership with Cobblestone Auto Spa one month after being established, with 27 locations at the time. PetrolPlaza talks to Josh Finifter, Principal on the Investment Team, to know more about the opportunities that Spotless brings to partners, the development of its network and the potential of the car wash market. Established in 2019, the project falls under the recent trend of private equity firms acquiring car wash networks throughout the United States. Author: Gonzalo Solanot Josh Finifter, Principal on the Investment Team | © Access HoldingsĪccess Holdings is quickly becoming an important player in the North American car wash sector through its Spotless Brands platform, unifying operators under a single banner.
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