Spotless Brands, a portfolio company of Baltimore-based Access Holdings, has announced the addition of its 100th car wash location. Established in January 2020, Spotless closed on its first partnership with Cobblestone Auto Spa in February 2020, with 27 locations at the time. This milestone highlights Spotless Brands ability to innovate and scale through a robust actionable pipeline.
Spotless Brands currently partners with three leading car wash operators in premier markets across the country and continues to expand:
- Cobblestone Auto Spa in Phoenix, AZ and Denver, CO
- Okie Express Auto Wash in Oklahoma City, OK
- Flagship Car Wash in Maryland, Washington, D.C., and Virginia
The Spotless Brands platform creates the opportunity for its partners to access purpose-built credit facilities to support ambitious growth initiatives, while removing the risk associated with traditional financing solutions. In addition, car wash operators experience robust development opportunities for employees and attractive transaction structures allowing them to achieve partial liquidity, while sharing in the upside value created through the partnership.