The company made several year-end purchases that brought the number of its sites in the country to 52.
Magnolia Wash Holdings of Express Wash Operations announced the completion of a series of acquisitions and openings. The company completed several purchases and celebrated grand openings in December and early January as part of its strategy to expand into the southeastern region of the United States.
The car wash brand successfully opened a new Wave Wash location in Ohio in December and has acquired other brands across the country. These include four locations in North Carolina, three 5-star car wash locations and one Rivers Edge car wash and race, one Racers Edge car wash in Virginia and three in Florida, two U car wash locations in Jacksonville and one Blue Sky location. in Panama City Beach.
Through these operations, the company has expanded its portfolio of car wash stations operated across the country to 52. As noted in a company press release published by news site Carwash.com, the Magnolia’s strategy is to operate several brands in local markets in order to densify the territory through its businesses.
Founded by Frank Bennet and Brooks Moye in 2014, the company actively seeks acquisition and development opportunities in the Southeast region. In September last year, the firm announced the acquisition of 16 sites in the territory as part of its strategy to expand its footprint.