Wildcat Capital Management, the family office of TPG Capital co-founder David Bonderman, invested in car wash businesses Moo Moo Express and Flying Ace Express, uniting them under the platform Express Wash Concepts. Moo Moo Founder and Managing Partner John Roush will become chief executive of Express Wash Concepts. Flying Ace co-founders Dan Eisenhauer and Jeff Gilger will become vice president of operations and vice president of development.
Moo Moo Express and Flying Ace Express today announced a strategic investment partnership with Wildcat Capital Management, the family office of TPG Capital co-founder, David Bonderman. The investment will enable Moo Moo and Flying Ace to continue to build on their success, and further accelerate growth and expansion into new Ohio-based markets.
As a result of the transaction, Moo Moo and Flying Ace will join under a newly formed parent company Express Wash Concepts. Moo Moo Founder and Managing Partner, John Roush, will serve as the Chief Executive Officer of Express Wash Concepts, while Flying Ace Co-Founders Dan Eisenhauer and Jeff Gilger will assume the roles of Vice President of Operations and Vice President of Development. Moo Moo and Flying Ace operate a total of 16 locations today, with additional washes planned for 2018.
“We are excited to welcome Wildcat Capital Management as our new strategic partner,” said John Roush, CEO of Express Wash Concepts. “Wildcat’s investment into our business will enable us to further strengthen our product offerings and offer our customers the convenience of more
locations throughout the state of Ohio.”
Wildcat was immediately impressed with Moo Moo and Flying Ace’s customer- and employee first approach to the business. “Treating customers and employees as family, while providing a high-quality car wash experience, are what the Moo Moo and Flying Ace brands stand for in Ohio,” said Drew Tarlow, Principal at Wildcat Capital Management. “Their recognized expertise in customer service, operations, site design and construction serves as a strong foundation to build a much larger platform in the years to come. We’re very excited to be their partners for that period of growth.”
Express Wash Concepts will continue to have its headquarters in Reynoldsburg, OH. Ice Miller LLP and Crowe Horwath LLP advised Express Wash Concepts on the transaction, and Winston & Strawn LLP, Plante Moran and Aon advised Wildcat Capital Management. Central Ohio-based
Park National Bank provided financing.
About Moo Moo Express & Flying Ace Express Car Washes:
Moo Moo Express and Flying Ace Express are Ohio’s award-winning, premier express car washes with 16 locations and growing. Both company’s fast, high-quality and environmentally friendly car washes are 100% satisfaction guaranteed and available in multiple options and price points, including unlimited monthly wash pass options. Locally owned and operated, both Moo Moo and Flying Ace are proud to be avid supporters of their local communities. For more information, locations and hours, please visit www.moomoocarwash.com or www.flyingacecarwash.com.