Monroe Capital acted as sole lead arranger and administrative agent on the funding of a senior credit facility to support the formation of Magnolia Wash Holdings via the acquisitions of Oasis Express and Wash Factory by Express Car Wash.
At closing, Magnolia Wash Holdings will operate 19 express car wash locations, with seven locations in Florida, seven in Georgia and five in North Carolina. Magnolia utilizes multiple brands across its local markets, including Camel Premium Express, Wave Wash, Oasis Express, Extreme Express and Wash Factory.
