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Steel City Wash, LLC completes acquisition of Coates Car Care for Ohio market expansion

Jun 05, 2024•over 1 year ago

Acquiring Company

Steel City Wash

Acquired Company

Coates Car Care

PittsburghNilesAutomotiveAutomotive

Description

Steel City Wash, LLC, operating as Mr. Magic Car Wash, has successfully acquired Coates Car Care, headquartered in Niles, Ohio. This acquisition represents a significant milestone, expanding the company's presence in the Ohio market and demonstrating its dedication to providing exceptional carwash experiences. The addition of six new locations reinforces Steel City Wash, LLC's commitment to growth and excellence in the car care industry.

Company Information

Company

Steel City Wash

Location

Pittsburgh, Pennsylvania, United States

About

Steel City Wash, LLC, operating as Mr. Magic Car Wash, is a prominent provider of premium car care services with a vision of expanding its footprint in the car care industry. With a total of 23 locations across Western Pennsylvania, West Virginia, and Ohio, the company emphasizes high standards, innovative technology, and exceptional service for its customers.

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M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed