Private equity firm TSG Consumer Partners is acquiring a majority stake Super Star Car Wash. Following the transaction, founder and president Reza Amirrezvani and the management team will remain significant investors and continue to lead the company.
Founded in 1993 and based in Phoenix, AZ, Super Star Car Wash is a family-owned business with 35 locations spanning the Southwest and West Coast in Arizona and California, with expansion to Colorado planned for early 2022.
“We believe the car wash industry is poised for continued growth, and Super Star Car Wash – with its talented personnel and innovative business model – has the ability to anticipate and meet evolving customer needs,” said Erik Johnson, managing director at TSG.
Ropes & Gray LLP acted as legal advisor to TSG. Snell & Wilmer acted as legal advisor and Ardent Advisory Group acted as financial advisor to Super Star Car Wash.