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Magnolia Wash Holdings Announces Growth Capital Investment

PRIVATEJul 25, 2023

Round Type

Venture

CharlotteE CommerceFashion

Investors

A&M Capital Opportunities FundOaktreeOaktree Capital Management, L.P.

Description

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.

Quick answer

Magnolia Wash Holdings raised an undisclosed amount in a funding round, dated July 25, 2023. Investors: A&M Capital Opportunities Fund, Oaktree and Oaktree Capital Management, L.P. Magnolia Wash Holdings is based in Charlotte, North Carolina, United States.

How much did Magnolia Wash Holdings raise?
Magnolia Wash Holdings raised an undisclosed amount in a funding round on July 25, 2023.
Who invested in Magnolia Wash Holdings?
A&M Capital Opportunities Fund, Oaktree and Oaktree Capital Management, L.P. are named as investors in this round.
What does Magnolia Wash Holdings do?
Magnolia Wash Holdings operates several express wash brands throughout Alabama, South Carolina, North Carolina, Florida, Georgia, Virginia, Ohio and Tennessee all of which deliver a premium on-premise experience..
Where is Magnolia Wash Holdings based and how big is it?
Magnolia Wash Holdings is based in Charlotte, North Carolina, United States.
Who are the decision-makers at Magnolia Wash Holdings?
Fundz holds 1 contact at Magnolia Wash Holdings. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

Who else raised in E Commerce and Fashion around the same time

Companies in the same sectors as Magnolia Wash Holdings that raised within 45 days of this round, from Fundz verified event records.

  • Revlon raised $51M on September 6, 2023.
  • dipp raised $1.5M (Seed) on August 22, 2023.
  • Terrific raised an undisclosed amount (Funding Round) on July 20, 2023.
  • PARTS iD raised an undisclosed amount on July 17, 2023.
  • SKIMS raised $271M on July 7, 2023.
  • Freakins raised $4M (Seed) on July 5, 2023.

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Company Information

Company

Magnolia Wash Holdings

Location

Charlotte, North Carolina, United States

About

Magnolia Wash Holdings operates several express wash brands throughout Alabama, South Carolina, North Carolina, Florida, Georgia, Virginia, Ohio and Tennessee all of which deliver a premium on-premise experience including its Unlimited Wash Club Membership Program, free towels, free vacuums and free mat washing stations. The Charlotte, North Carolina-based company is working to consolidate its operations under the Whistle Express banner in the coming months, debuting a new brand look and feel. For more information, visit www.magnoliawashholdings.com.

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