Recently, Madison Street Capital advised WLR Automotive Group on its $13.2 million sale/leaseback transaction. WLR Automotive Group is a renowned car wash, detailing and automotive repair corporation in Tristate region and Maryland. SCF Reality Capital played a pivotal role in ensuring that the sale/leaseback transaction is completed in time.
The CEO of Madison Street Capital, Charles Botchway, announced about the successful completion of the transaction. Jonathan Wolfe, STREAM Capital Partner’s managing partner and Barry Petersen, the senior managing director of Madison Street Capital led the transaction. Randall Simpson posited that the sale/leaseback transaction in its five locations has enabled them to raise capital, reinvest and penetrate the emerging express car wash market quickly. Randall is the CEO and president of WLR Automotive Group.
Jacquie Jenkins, WLR’s CFO lauded the contribution made by Barry Peterson and Jonathan Wolfe in exploring different options and finding the ideal model to make the company ready for rapid growth. Barry noted that Randall and the WLR team have been enhancing their revenues each year since 1987 when they began operations in the capital-intensive industry. This transaction will allow WLR to engage in site expansion in the Northeastern market using innovative management systems and leading designs. Barry said that he was honored to work alongside Jonathan Wolfe and the entire Stream Capital team in completing the transaction.
Headquartered in Frederick, Maryland, WLR Automotive Group has multi-location lube centers, detailing shops, car wash and automotive repair centers. Over the years, they have expanded their operations, including car wash facilities, as well as vehicle maintenance and repair centers to 17 locations. The corporation has been serving over 300,000 customers annually. The company’s Auto Spas, Lube Centers and Auto Repairs are committed to maintaining the highest quality standards besides providing clients with exceptional customer experience. This information was originally reported on Benzinga as outlined in the following link https://www.benzinga.com/pressreleases/17/03/r9240474/madison-street-capital-advises-wlr-automotive-group-on-13-2-million-sal
About Madison Street Capital
Madison Street Capital (MSC) is a successful investment-banking firm. Over the years, the corporation has been providing world-class financial advisory services, financial opinions, valuation services and merger and acquisition expertise to privately and publicly held corporations. MSC and MSC-BD, the company’s broker dealer, are committed to maintaining the highest professional standards. The company’s success is based on four pillars, which are its professional depth, extensive network, independent valuation services and innovative investment banking services.
Unrivalled leadership, national footprint and extensive experience in the financial industry have played a crucial role in enhancing Madison Street Capital reputation. In addition, the corporation offers its clients litigation support, tax compliance, financial reporting services and portfolio valuation. MSC has contacts on the strategic and financial fronts. They also have comprehensive resources.