National Carwash Solutions (“NCS”), a provider of car wash equipment, services and solutions to customers in North America, announced Jan. 5 that it has entered into a recapitalization transaction with Berkshire Partners, a Boston-based investment firm. Terms of the transaction were not disclosed.
NCS has been serving its vehicle care industry customers in North America for more than 45 years, providing a fully integrated suite of offerings for operational needs, including car wash systems, aftermarket parts, cleaning fluids and vacuums. NCS operates a family of brands that provide systems, nationwide support, and a complete chemical line, including MacNeil Wash Systems, Ryko Solutions, Cleaning Systems, Inc. (CSI), CleanTouch Cleaning Solutions, NCS College of Clean, and Vacutech. The company also has strategic partnerships with many top car wash distributors in North America, including Arizona Car Wash Systems, Auto-Clean, Badger Land, Complete Car Wash, Hi-Performance Wash Systems, and NuLook.
"We are excited to collaborate with Berkshire Partners in the next chapter of our growth," said Michael Gillen, Chief Executive Officer of National Carwash Solutions. “NCS offers an unparalleled set of offerings to serve car wash operators, and we look forward to continuing to pursue our mission of providing the best vehicle-washing service in the market.”
"We are thrilled to partner with Mike and his team," said Larry Hamelsky, Managing Director of Berkshire Partners. “NCS has built a unique and compelling position in the industry, and we share the team’s vision of delivering superior value to car wash operators by providing an integrated, end-to-end suite of products and solutions.”
Berkshire Private Equity acquired its position in the company from AEA Investors. BlackArch Partners served as exclusive financial advisor for NCS and Weil, Gotshal & Manges LLP advised Berkshire Partners on the transaction.