Tuesday, October 12, 2021
Express Wash Operations, LLC, d/b/a Magnolia Wash Holdings, an express conveyor car wash operator headquartered in Charlotte, N.C, successfully completed the acquisition of all five Surf’s Up locations, all of which are in and around the Chattanooga area.
This acquisition brings Magnolia to 41 operating locations in Florida, Georgia, North Carolina, South Carolina, Tennessee, and Virginia. Magnolia continues to execute against its strategy of creating regional density and operates multiple brands across its local markets. The company has eight additional locations under construction within its Southeastern footprint, with an extensive multi-year greenfield pipeline in development.
Magnolia was founded by Frank Bennett and Brooks Moye in 2014 and remains entrepreneurially oriented despite its experienced, professional leadership team, said officials.
“We are very excited to enter the Chattanooga area and are thrilled to welcome our new teammates from the Volunteer State,” stated Kyle Poyer, chief financial officer of Magnolia.
“The leadership of Surf’s Up created a premium brand in a growing market within our main focus area of the Southeastern U.S.,” said Andy Agostini, Magnolia’s vice president of Operations. “We are thankful to have the opportunity to continue to serve customers at the level in which Surf’s Up has for years.”
Magnolia Wash Holdings is actively pursuing acquisition and development opportunities in both existing and new markets across the Southeast. Please contact Co-Founders Frank Bennet (678) 467-9582 or Brooks Moye (919) 427-5379 regarding any inquiries about opportunities with Magnolia.