Crossplane invests in Domino Equipment

Crossplane Capital has made an investment in Oklahoma City-based Domino Equipment Company, a provider of fuel station and car wash equipment as well as operator of car washes.

Crossplane Capital has made an investment in Oklahoma City-based Domino Equipment Company, a provider of fuel station and car wash equipment as well as operator of car washes. No financial terms were disclosed.

PRESS RELEASE

DALLAS, November 4, 2021 – Crossplane Capital (“Crossplane”), a Dallas-based private equity firm, has made an investment in Domino Equipment Company (“Domino” or the “Company”). Founded in 1989 by current CEO, Barry Brodersen, and headquartered in Oklahoma City, Oklahoma, Domino is a value-added distributor and servicer of fuel station and car wash equipment as well as an operator of 13 car washes in Oklahoma. Domino is an authorized service provider and distributor of Wayne Fueling Systems fuel dispensers to hundreds of gas stations and convenience stores located throughout Oklahoma.

“With its strong position in both the fueling system and car wash equipment installation and service markets in Oklahoma as well as its Xtreme Auto Wash car wash business, Domino aligns well with our focus on investing alongside strategically sound, family-owned, industrial services-based businesses,” said Ben Eakes, Partner of Crossplane Capital. “We are thrilled to be partnering with Barry Brodersen and the Domino team to continue the Company’s impressive upward trajectory over the next several years.”

Barry Brodersen stated, “I’m proud of the business that our team has built over the past 32 years, and we are excited to be partnering with Crossplane during this unique inflection point in our company’s history. The Crossplane team embraces our family-oriented culture, and they bring a level of financial and operational sophistication that will help our company grow over time.”

“Over the past 32 years, Barry has done a phenomenal job growing Domino into what we believe is a uniquely strategic business with a number of actionable growth opportunities,” said Mike Sullivan, Managing Director of Crossplane Capital. “We look forward to expanding Domino’s presence both within the Company’s core Oklahoma footprint as well as adjacent geographies.”

About Domino Equipment Company
Founded in 1989 by current CEO, Barry Brodersen, and headquartered in Oklahoma City, Oklahoma, Domino is a value-added distributor and servicer of fuel station and car wash equipment as well as an operator of 13 car washes in Oklahoma under the Xtreme Auto Wash brand. Domino is an authorized service provider and distributor of Wayne Fueling Systems fuel dispensers to hundreds of gas stations and convenience stores located throughout Oklahoma.

About Crossplane Capital
Launched in 2018, Crossplane Capital is a Dallas-based private equity firm that makes control investments in niche manufacturing, value-added distribution and industrial business services companies. The firm seeks to partner with lower-middle market companies to enhance financial performance and generate strategic value creation. For more information, please visit www.crossplanecapital.com.