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BlackArch Partners Advises AEA Investors on the sale of National Carwash Solutions

January 11, 2021, 06:00 AM
Filed Under: Industry News

BlackArch Partners announced the sale of National Carwash Solutions, a portfolio company of AEA Investors, to Berkshire Partners.

National Carwash Solutions is a leading provider of car wash equipment, services and solutions to customers in North America.  NCS offers its customers a fully integrated suite of offerings to meet all their operational needs, including car wash systems, aftermarket parts, cleaning fluids, and vacuums – all supported through its industry-leading distribution and services footprint. The company goes to market with an integrated portfolio of reputable brands, including MacNeil Wash Systems, Ryko Solutions, CleanTouch Cleaning Solutions, Cleaning Systems Inc., TSS Car Wash Services and Vacutech Vacuums. By providing a comprehensive range of offerings, NCS serves a critical role in enabling the success of a diverse set of customers, including convenience store and retail car wash operators.

Berkshire has acquired NCS with the expectation of furthering management’s vision for long-term growth. Through an aggressive growth strategy executed during AEA’s ownership, NCS meaningfully expanded its product and service offerings, customer base, and North American footprint – becoming the first and only platform to offer a vertically-integrated, comprehensive end-to-end suite of products and solutions for the vehicle-care market. The leadership team will remain active and an integral part of the shareholder group during the Company's next chapter of growth.

BlackArch was retained by AEA and management to serve as the Company’s exclusive financial advisor. The transaction continues BlackArch’s industry-leading presence in the car wash, vehicle care and field services sectors and is representative of the firm’s focus on providing unique M&A advisory services to market-leading businesses.

"I place an immense amount of trust in the BlackArch team – this was my second experience working with BlackArch, and they once again showed relentless drive and leadership in support of our next chapter," said Michael Gillen, Chief Executive Officer of National Carwash Solutions. “BlackArch’s intimate knowledge of NCS’ history and our vision for the future of the company was crucial in articulating the opportunity to potential partners, and we could not be happier with the outcome.  The NCS team is extremely appreciative of BlackArch’s deep commitment, constant professionalism and trusted counsel throughout the process – they truly served as an invaluable extension of the NCS team.”

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