Client
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Madison Street Capital, an international investment banking firm, advises on the $13.2 Million sale/leaseback transaction for WLR Automotive Group. WLR Automotive Group is a leading car wash and detailing, lube, and automotive repair company in Maryland and Tristate region. Texas-based SCF Realty Capital completed the sale/leaseback transaction. The transaction was announced by Charles Botchway,...
Case Study
Madison Street Capital Advises WLR Automotive Group on $13.2 Million Sale/Leaseback Transaction
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The Challenge
“The transaction, focusing on the sale-leaseback of just five of our locations, has afforded us the opportunity to raise capital, reinvest and expand our reach into the emerging express car wash market at a much quicker pace,” said Randall S. Simpson, President and CEO of WLR Automotive Group, Inc. CFO for the company, Jacquie Jenkins, offered, “Barry Peterson and Jonathan Wolfe were instrumental in assisting us in exploring options and finding the perfect model to help us position ourselves for rapid growth.”
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The Solution
Barry Petersen noted “Randall Simpson and the WLR team have grown revenue every year since beginning operations in1987 in a capital-intensive industry. This transaction allows WLR to continue this strong path via continued site expansion in the Northeast with market leading design, and very innovative management systems.
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The Results
Madison Street Capital, an international investment banking firm, advises on the $13.2 Million sale/leaseback transaction for WLR Automotive Group. WLR Automotive Group is a leading car wash and detailing, lube, and automotive repair company in Maryland and Tristate region. Texas-based SCF Realty Capital completed the sale/leaseback transaction.
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