Ropes & Gray Represents Golden Gate Capital in Recapitalization of Tidal Wave Auto Spa
Ropes & Gray represented Golden Gate Capital, a leading private equity investment firm, in the recapitalization of Tidal Wave Auto Spa, one of the largest and fastest growing premium conveyor car wash systems in the U.S. Terms of the transaction were not disclosed. The press release is here.
The Company will continue to be led by founder Scott Blackstock as CEO, who will remain a significant shareholder; Tidal Wave will continue to be headquartered in Thomaston, GA.
The Ropes & Gray team advising Golden Gate was led by private equity partner Eric Issadore (San Francisco), finance partner Michael Lee (Boston), tax partner Ben Rogers (San Francisco) and benefits partner Renata Ferrari (Boston).