International Car Wash Group (ICWG) Acquires Two Sites from Wash N’ Roll

— World Leader Continues US Expansion —

DENVER–(BUSINESS WIRE)–The International Car Wash Group (ICWG), the world’s largest local car
wash company and the third largest owner of US conveyor car washes,
today announced its expansion in to the middle Tennessee/Nashville
market with the acquisition of two premier sites from Wash N’ Roll. The
two companies are also entering into a deal to develop and expand in
Nashville and surrounding areas.

“Wash N’ Roll represents everything we seek in a potential acquisition
and partner,” said Jeff Maize, VP of Acquisitions, ICWG. “They have a
talented team with whom we share a vision about how to approach the
growth and expansion of the car wash business.”

“ICWG is the perfect partner for us,” explained Steve Griffith,
principal owner of Wash N’ Roll. “We appreciate the creativity they
showed in structuring a relationship that both works well for us and
upholds the values we have sought to bring to life here in Tennessee.
Our chemistry was strong from the very first meeting and we are excited
about what we can accomplish together.”

Over the next six months, the two acquired Wash N’ Roll sites will be
re-branded as part of Car Wash USA Express, the largest exterior express
car wash in the mid-South, and one of three brands in the ICWG family.
ICWG is actively expanding its US leadership through a regional,
multi-brand strategy. Laser-focused on ensuring its brands realize their
full potential, ICWG invests in employee retention, asset enhancement,
and marketing support/brand development.

“We have two key goals for the foreseeable future: to delight our
customers every day with a great car wash at a great value and to
continue to expand our footprint across the US,” said Tom Mangas, CEO,
ICWG. “We are interested in doing more deals and hope that our
resourcefulness and flexibility will make ICWG an appealing choice for
car wash operators interested in selling their business and partnering
with us.”

ICWG also counts Goo-Goo Express and Supersonic Car Wash among its
family of brands. Owing to its size and depth of experience, ICWG is
uniquely able to leverage its rich know-how and strong economies of
scale to invest in its portfolio companies and employees while enhancing
operational efficiency.

About International Car Wash Group (ICWG)

Headquartered in Centennial, Colorado the International Car Wash Group
(ICWG) is the world’s largest local car wash, cleaning more than 35
million cars a year. It operates 900 locations in 14 countries across
US, Europe and Australia, with 150 US venues. The Company was founded in
Germany in 1965 under the IMO brand, the name still used at its non-US
locations. ICWG entered the US market in 2015 and quickly became the
third largest conveyor car wash owner, operating under the Car Wash USA
Express, Goo-Goo Express, and Supersonic Car Wash brands. ICWG is
committed to leading the industry in operational excellence and
innovative customer service and aims to be the partner of choice for
employees and all car wash operators potentially interested in joining
the ICWG family.

For more information, please visit: https://www.icwg.com/

About Wash N’ Roll

Wash N’ Roll is the premier drive through car wash operator in Middle
Tennessee. The company strives to provide fast, friendly,
budget-conscious service that is also environmentally responsible.
Nashville-owned and operated, Steve Griffith, Jeremy Hall and Brian
Peterson have opened 10 locations in TN, and currently have another 10
sites in the development process or under construction to complete the
first phase of their development plans. The group has also begun ground
work for development in other regions and hopes to hit new markets in
2020.

For more information, please visit: https://www.mywashnroll.com/

Contacts

Judy Grossman
Red Fox Communications
917.913.1690
judy@redfoxcomm.com