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Car Wash Chain Quick Quack Gets Squeaky Clean Investment From KKR
KKR & Co. Inc. (NYSE:KKR) made a significant minority investment in Quick Quack Car Wash.
Founded in 2004, Quick Quack is one of the fastest-growing express format car wash operators in the U.S., with over 230 locations across California, Texas, Arizona, Utah, and Colorado.
The deal value stood at $850 million, reported Reuters, citing sources familiar with the deal.
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Quick Quack’s founders and its longtime equity partner, Seidler Equity Partners, will retain significant ownership stakes in the company alongside ...