MILWAUKEE — Generation Growth
Capital Fund III, LP, a Milwaukee-based private equity firm that
invests in lower middle market companies, and Harrell’s Car Wash
Systems, Inc., announced Thursday they have acquired New England Car
Wash Equipment, LLC.
Harrell’s Car Wash Systems, Inc.
is a distributor of car wash systems and supplies.
“Our strategy is to build the
nation’s leading distributor and service provider of car wash
systems and supplies. This will allow us to better serve large
national operators as well as the local accounts we currently serve.
We are already seeing best practices throughout the industry that we
plan to instill into our platform. NECWE is the first acquisition to
the Harrell’s platform and we are excited to continue our
consolidation with other acquisitions in the near future,’’ said
John Reinke, managing director of Generation Growth Capital, Inc.,
in a statement.
Based in Littleton,
Massachusetts, NECWE is a large distributor of car wash systems and
supplies. The company is a full-service distributor and provides
equipment solutions, chemicals, parts, supplies, and technical
services to customers located in the greater New England and eastern
New York markets.
Terms of the deal were not