Sale to ACON Investments

Technology & Services
Sale to ACON Investments

Summary

Baird served as exclusive financial advisor to Fleetwash, Inc. on this transaction

About

Fleetwash, Inc. (“Fleetwash” or the “Company”), a portfolio company of DFW Capital Partners (“DFW”), has been acquired by ACON Investments, L.L.C. (“ACON”). Terms of the transaction were not disclosed.

Fleetwash operates a highly-sophisticated network of mobile fleet washing and facility services operations, serving thousands of customers across the United States. Utilizing a proprietary, environmentally friendly system for wash water recovery and disposal, Fleetwash serves local, national and regional trucking fleets and leasing companies, as well as large industrial, retail, restaurant, commercial, petroleum station and other commercial facilities. Fleetwash’s washing process allows its customers to maintain compliance with local and federal environmental regulations, while providing highly reliable and cost-effective washing services. Fleetwash is based in Fairfield, New Jersey.

DFW Capital Partners is a private equity investment firm focused on lower middle-market companies. DFW concentrates on service companies, with an emphasis on healthcare and outsourced business and industrial support services. DFW has established a 20+ year track record of success in building leading companies, and delivering attractive returns for its investors. DFW is headquartered in Teaneck, New Jersey, and maintains an office in Chevy Chase, Maryland.

ACON Investments, L.L.C. is an international private equity investment firm that manages private equity funds and special purpose partnerships that make investments in the United States and Latin America. Founded in 1996, ACON has responsibility for managing approximately $5.3 billion of capital. ACON is based in Washington, D.C. and also has professionals in Los Angeles, São Paulo, Bogotá and Mexico City.
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Technology & Services
Sale to ACON Investments
Date
August 2018
Company
Fleetwash, Inc.
Transaction
M&A
Sectors
Technology & Services
Target Geography
North America
Acquiror Geography
North America

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