Posts by Kelly O'Donnell
Crain’s Detroit Business: Private equity suddenly loves car washes, and its latest darling is coming to Michigan
A growing car wash chain is looking to clean up in Southeast Michigan with dozens of new locations planned in the region. El Car Wash, based in Miami, through a local developer has tied up around 50 sites for new car washes from Detroit to Flint to Lansing by either placing them under contract or…
Read MoreJax Kar Wash
Jax Car Wash provides customers with a clean, dry and shiny car quickly in a friendly efficient environment for a great value. Southfield-based Jax Kar Wash operates nine Jax Kar Wash locations in Oakland and Macomb counties, and the business employs about 320 full- and part-time employees. Facebook Twitter Linkedin
Read MoreCrain’s Detroit Business: Jax Kar Wash expanding with Birmingham private equity stake
A Birmingham-based private equity firm is taking an ownership stake in Southfield-based Jax Kar Wash to fuel the company’s expansion, Crain’s has learned. Jason Milen, CEO and third-generation owner of the 69-year-old company, said TRP Capital Partners closes on its equity stake on Monday, but declined to specify the ownership percentages of the two firms after…
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