Boston buyout shop acquires Greenwich car-wash chain
Splash Car Wash has been sold to a Boston private equity investment firm, more than 35 years after a pair of entrepreneurs created the company with the 1981 purchase of Greenwich Car Wash.
Splash remains based in Greenwich under CEO Mark Curtis and co-founder Chris Fisher alongside partner Dan Petrelle, with the company operating car wash and oil lube facilities in 15 Connecticut municipalities and another three in New York.
Palladin Consumer Retail Partners did not state what it paid for Splash, with the Boston firm in its 20th year of investing in businesses that have between $5 million and $20 million in adjusted earnings annually.
Palladin’s current investment portfolio includes Nic+Zoe, an apparel store that opened in the past year a store in the new Bedford Square complex in downtown Westport; with past investments having included J.McLaughlin, Restoration Hardware and Things Remembered.
Alex.Soule@scni.com; 203-842-2545; @casoulman