Garnett Station Partners LLC, a New York-based principal investment firm that manages $1.85 billion of assets, has recapitalized Flagstop Car Wash, an express car wash chain based in Richmond, Va.

Founded in 1981 in Chester, Va., Flagstop has grown to offer wash and membership services at 14 units across the greater Richmond area. Garnett Station’s investment will help drive the growth of Flagstop’s car wash platform within its core geographies, with the expectation to double its current footprint through new unit development and acquisitions.

“We’re thrilled to partner with Garnett Station and to add both their financial support and operational expertise as we look to continue to strengthen and grow our express and membership-focused business model,” comments Jamie Nester, CEO of Flagstop.