Amplify Advises in Trademark Car Wash/Accelerated Brands Merger
Amplify Car Wash Advisors, a national mergers and acquisitions and capital advisory firm, acted as the exclusive advisor to Trademark Car Wash on its successful addition to Accelerated Brands, funded by Princeton Equity Group, a private equity firm focused on franchise and multi-unit companies.
Strickland Brothers, known for its Strickland Brothers 10 Minute Oil Change brand, is also part of Accelerated Brands and the addition of Trademark Car Wash will further grow its presence in the automotive care space. Trademark Car Wash has 14 open locations and a growing development pipeline in multiple states including Tennessee, Texas, New Mexico, Arizona, and New York with plans to expand in key markets across the country.
Amplify Car Wash Advisors previously provided capital advisory services to Trademark Car Wash, enabling the company to grow from three locations to an express-focused, scalable platform.
“These are some of the most exciting times for car wash owners,” said Andrew Goldberger, founder of Trademark Car Wash. “As we grew 350 percent in revenue in just one year, we recognized it was time to partner up with a top-tier team that has mastered growth in retail and specifically the automotive industry.”
Jeff Pavone, partner at Amplify Car Wash Advisors added, “Even with current macro-economic headwinds, we are still seeing extraordinary deals being done in this space.”