Cambridge Wilkinson Investment Bank Closes a $25MM Senior Secured Credit Facility for Fast-Growing Car Wash Franchise Operator

NEW YORK, Sept. 17, 2026 /PRNewswire/ — Cambridge Wilkinson (“CW”) is pleased to announce the successful closing of a $25 million senior secured credit facility for a leading multi-state operator of express car wash locations. This is a follow-on transaction of a $50 million facility that closed earlier this year. The client is a top-five franchisee within a leading national express car wash system. This financing is structured to support the borrower’s continued development, construction, acquisition, and stabilization of a growing portfolio of branded express car wash facilities across the United States.

The facility provides growth capital to fund the expansion of the operator’s footprint and includes a framework for additional lending commitments. The facility was specifically designed to accommodate the addition of newly developed and acquired locations over time, while allowing mature assets to transition into a stabilized lending pool.

The express car wash sector has emerged as one of the most attractive segments within consumer services and franchise finance. The U.S. car wash industry generates an estimated $15 billion to $20 billion in annual revenue and continues to benefit from favorable long-term trends, including recurring consumer demand, subscription-based membership programs, fragmented market ownership, and ongoing consolidation by institutional investors. As operators scale, lenders and investors are increasingly attracted to the sector’s potential for recurring revenue characteristics, strong unit economics, and resilient performance across economic cycles.

“The car wash industry continues to attract significant institutional capital for operators who execute disciplined expansion strategies and for those who generate highly predictable cash flows,” said Rob Bolandian, Co-Founder and Global Head of Investment Banking at Cambridge Wilkinson. “This transaction reflects the growing appetite among lenders for scalable franchise platforms with experienced management teams, attractive unit economics, and substantial runway for growth. We are proud to have structured a flexible capital solution that supports our client’s ambitious expansion plans while also providing a path for future growth.”

This transaction underscores the continued evolution of asset-based and cash-flow lending solutions for businesses that have repeatable, standardized locations, meaningful real estate and equipment costs, predictable site-level performance after stabilization, and franchise or multi-unit operating models. This includes express oil change and automobile services, truck stops and travel centers, childcare and early learning centers, urgent care and outpatient clinics, and self-storage.