Richardson invests in USA 's fifth largest car wash operator

The Richardson family business has invested in GO Car Wash Group, the fastest growing automated car wash operator in the USA.

Founded in May 2019 and headquartered in Denver, Colorado, GO Car Wash has grown rapidly since it launched, operating nearly 100 car washes across seven states, making it the fifth largest car wash operator in the US.

Expected to turnover close to $200m in 2022, the management team behind GO Car Wash were inspired in their approach by Caroll Shelby, the first American to win the Le Mans 24-hour race, the world 's oldest endurance-focused sports car race.

The GO colours and logo are based on the famous Gulf livery that adorned the Ford GT40 Shelby raced at Le Mans, France.

The business has ambitious plans to continue its rapid growth, with this investment helping to facilitate future acquisitions and expansion.

A spokesperson for RCL Partners, the retained advisors to the Richardson Family who advised on the deal said: “We are delighted with this investment in GO Car Wash, a business we already knew well through a small previous investment.

“The management team have done a phenomenal job in successfully scaling the business up in less than three years of operations, and they have an exciting vision to be the world 's most admired car wash company.

“The US is one of our key strategic markets for the future, and our investment in GO Car Wash complements other investment stakes we hold in businesses based across the US, from New York and the East Coast, through Chicago and the Mid-West and over to San Diego and the West Coast. ”

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