Magnolia Wash Holdings Announces Growth Capital Investment

Magnolia Wash Holdings ("Magnolia" or "the Company"), a leading and fast-growing organization of express car washes committed to reinventing the consumer experience through technology and innovation, today announced it has received a growth capital investment from funds managed by Oaktree Capital Management, L.P. ("Oaktree") to fuel the company's long-term growth strategy. As part of the transaction, Oaktree has acquired a majority ownership position in the Company. A&M Capital Opportunities Fund ("AMCO") will maintain a material minority ownership stake in the enterprise.