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Golub Capital Leads Financing for Quick Quack Car Wash

NEW YORK, July 8, 2024 — Golub Capital acted as Administrative Agent for the debt facility to support KKR’s significant minority investment in Quick Quack Car Wash. Proceeds will be used to support the continued acceleration of Quick Quack’s growth through innovation, marketing and organic expansion in new and existing markets.  

Quick Quack Car Wash is one of the largest and fastest growing express format car wash operators in the U.S., with over 230 locations across California, Texas, Arizona, Utah and Colorado. Quick Quack’s founders and existing investor Seidler Equity Partners will continue to hold meaningful stakes alongside KKR. 

The unitranche facility is composed of a term loan, revolver and delayed draw term loan. Golub Capital also provided a equity co-investment. 

Golub Capital has been lead lender to Quick Quack Car Wash since 2018 and has supported the company’s growth through multiple add-on financings. 

About Golub Capital Sponsor Finance
Golub Capital is a market-leading, award-winning direct lender and experienced private credit manager. We specialize in delivering reliable, creative and compelling financing solutions to companies backed by private equity sponsors. The firm’s Direct Lending group provides buy-and-hold financing for sponsor-backed transactions with hold positions up to $700 million and arranges syndicated credit facilities up to $2 billion. 

As of April 1, 2024, Golub Capital had over 925 employees and over $70 billion of capital under management, a gross measure of invested capital including leverage. The firm has offices in North America, Europe and Asia. For more information, please visit golubcapital.com. 

About Quick Quack Car Wash
Quick Quack Car Wash is “Fast. Clean. Loved… Everywhere.” Quick Quack has over 230 locations in California, Texas, Arizona, Utah, and Colorado and is regularly recognized for its community-building efforts as well as its environmentally friendly business practices. Quick Quack celebrates a company culture of “Smart, Kind, and Driven” with leaders, team members, and community partners working together to ensure that customers “Don’t Drive Dirty!” More information is available online at www.DontDriveDirty.com 

About KKR
KKR is a leading global investment firm that offers alternative asset management as well as capital markets and insurance solutions. KKR aims to generate attractive investment returns by following a patient and disciplined investment approach, employing worldclass people, and supporting growth in its portfolio companies and communities. KKR sponsors investment funds that invest in private equity, credit and real assets and has strategic partners that manage hedge funds. KKR’s insurance subsidiaries offer retirement, life and reinsurance products under the management of Global Atlantic Financial Group. References to KKR’s investments may include the activities of its sponsored funds and insurance subsidiaries. For additional information about KKR & Co. Inc. (NYSE: KKR), please visit KKR’s website at www.kkr.com. For additional information about Global Atlantic Financial Group, please visit Global Atlantic Financial Group’s website at www.globalatlantic.com. 

About Seidler Equity Partners
Seidler Equity Partners and its affiliates have been investing in market-leading companies since 1992. SEP aligns with business founders and management teams to achieve long-term growth and preserve company stewardship. For more information, visit www.SEPfunds.com. 

Golub Capital Leads Financing for Quick Quack Car Wash

Press Release
July 8, 2024