Milwaukee-based private equity firm Generation Growth Capital Inc. announced today it has acquired Harrell’s Car Wash Systems Inc. through its new fund, Generation Growth Capital Fund III LP.
Harrell’s Car Wash Systems was sold by Mark Harrell. Milwaukee’s CGK M&A Advisors was the exclusive financial advisor to Harrell’s in the transaction. Terms of the deal were not disclosed.
One of the country’s largest car wash systems and supplies distributors, Harrell offers site evaluation, design and development help, equipment solutions and chemical and parts supplies for customers in Indiana, Illinois, Kentucky and Ohio.Harrell’s Car Wash Systems was sold by Mark Harrell. Milwaukee’s CGK M&A Advisors was the exclusive financial advisor to Harrell’s in the transaction. Terms of the deal were not disclosed.
“Harrell’s represents a great investment opportunity for GGC. From our first meeting with Mark and his team, it was evident that this was a great cultural fit. We are investing in a business with a solid management team and a great market reputation that is positioned for growth in this industry,” said John Reinke, managing director of Generation Growth Capital Inc. Read the full story here.
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