Sonny’s Enterprises, a Tamarac, Florida-based provider of conveyorized car wash equipment, chemicals, controls, service and parts, received an investment from Genstar Capital.
The amount of the deal was not disclosed. Fully committed debt financing was provided by Owl Rock Capital in its capacity as Administrative Agent and Lead Arranger for the transaction.
The investment is aimed at growing the business both organically and through strategic acquisitions.
Established in 1949 by the Fazio family and led by Paul Fazio, CEO, Sonny’s is a global manufacturer of conveyorized car wash systems and provides a complete, integrated suite of products and services that meets all the needs of car wash owners and operators. The company serves both small independents and large national car wash chains throughout the U.S. and internationally. Sonny’s solutions span the entire car wash lifecycle, providing education on car wash operations, site and car wash business consulting services, a comprehensive offering of tunnel equipment, vacuums, lighting and signage, controls, chemistry, local service and support and aftermarket parts. It has over 6,000 active customers nationwide.
FinSMEs
07/08/2020