Car Wash Owners Network (“CWON”), a portfolio company of Baltimore-based Access Holdings, has closed its investment in Flagship Car Wash Center, a leading car wash operator in the Mid-Atlantic. Access Holdings and CWON will support their partnership with Flagship by bringing best-in-class processes and technologies to bolster Flagship’s position within its existing markets and expand into new geographies through new development and M&A initiatives.
Flagship was founded in 1983 by Donnie Hinton, who later joined forces with Guy Paolozzi in 2010, to create one of the leading car wash operations in the Washington DC, Maryland, and Northern Virginia market with 11 locations offering express, full-, and flex-serve car wash services. CWON and Flagship are aligned on a win-win value creation strategy that combines Flagship’s local knowledge and premier locations with CWON’s best practices and winning playbook with an objective to grow Flagship’s business to 50+ locations by 2024.
Since 2019, CWON has partnered with leading operators in prime markets, with Flagship becoming CWON’s third car wash operating brand. Through its partnerships, CWON has expanded its presence from a single market comprised of 24 sites in early 2020 to five markets with an expected 75+ sites by yearend 2021. CWON expects to reach 100+ sites by the end of 2022 via continued rapid expansion in current and new markets.