NEW
YORK, Oct. 16, 2023 /PRNewswire/ -- Wildcat
Capital Management, a New
York-based family office, announced today that its car wash
platform – which includes Club Car Wash and Express Wash Concepts –
has received a significant growth investment from Sculptor Real
Estate ("Sculptor"), the real estate business of Sculptor Capital
Management, Inc. (NYSE: SCU), a leading global alternative asset
management firm specializing in real estate, credit, and
multi-strategy investment products. The new capital will be used to
accelerate development initiatives for Wildcat's car wash platform,
which currently operates in over 225 locations across the United States, offering high-quality,
convenient, and affordable car wash services.
"We are thrilled to partner with Sculptor Real Estate, which
shares our vision to deliver the best car wash experience to our
customers and communities," said Roland
Bartels, CEO of Club Car Wash. "Sculptor's support will
enable us to expand our footprint and reach new markets, while
maintaining our focus on operational excellence and customer
satisfaction."
John Roush, CEO of Express Wash
Concepts, added: "We look forward to working with Sculptor Real
Estate as we continue to provide the highest quality and value to
our dedicated customers, identify and acquire attractive sites for
new car washes, and optimize our existing portfolio."
Drew Tarlow, Managing Director at
Wildcat Capital Management, said: "We are very proud of what Club
Car Wash and Express Wash Concepts have achieved in the past few
years, becoming leaders in their respective markets and regions. We
are excited to welcome Sculptor as a strategic partner, as we
prepare our companies for the next phase of growth."
Nicholas Hecker, Chief Investment
Officer of Sculptor Real Estate, said: "We are impressed by the
strong track records and reputations of Club Car Wash and Express
Wash Concepts, which have built best-in-class car wash businesses
with loyal customer bases and differentiated value propositions. We
are delighted to join forces with Wildcat Capital Management to
support the car wash platform's ambitious growth plans."
About Wildcat Capital Management:
Wildcat was established in 2011 as a single-family investment
office. The firm has a long term, flexible family-office-driven
approach and employs a thematic investment process to identify
best-in-class businesses and growth-oriented companies across any
stage of the maturity curve. Wildcat seeks to partner with leading
private consumer, business services, software, healthcare, and
other technology-enabled companies. In addition, Wildcat has both a
public markets investment team and a value-add and opportunistic
real estate investment team. For additional information please
contact media@wildcatcap.com or visit our website at
www.wildcatcap.com.
About Sculptor:
Sculptor is a leading global alternative asset management firm
with approximately $34 billion in
assets under management specializing in real estate, credit, and
multi-strategy investment products. Sculptor's real estate business
was founded in 2003 and has invested in over $20.3 billion of real estate assets across 27
different real estate related asset classes including direct equity
investments, preferred equity structures, ground leases, senior
loan, mezzanine loans, among other real estate investments. For
more information, visit www.sculptor.com.
About Club Car Wash:
Founded as Tiger Express Car Wash in 2006, the company rebranded
to Club Car Wash in 2019. Currently operating 140+ locations in
Missouri, Kansas, Illinois, Iowa, Nebraska, Oklahoma, Arkansas, Tennessee, Wisconsin, and Texas (with stores soon opening in
Colorado), Club Car Wash is one of
the largest and fastest growing express car wash companies in
the United States. To learn more
about Club Car Wash, please visit www.clubcarwash.com.
About Express Wash Concepts:
Express Wash Concepts is the parent company of 90+ award
winning, express car wash locations throughout Ohio, Indiana, Pennsylvania, and Virginia under the following brands: Moo Moo
Express Car Wash, Flying Ace Express Car Wash, Clean Express Auto
Wash, Meyers Auto Wash, Green Clean Express Auto Wash, Snazzy's
Express Car Wash, and Bee Clean Express Car Wash. For more
information, please visit www.expresswashconcepts.com.
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SOURCE Wildcat Capital Management
