Henley Investments Enters the automobile Wash Business with Initial Acquisition

Car Service

BOSTON, Aug. 8, 2019 /PRNewswire/ — Henley Investments, a number one non-public equity land firm primarily based within the UK and therefore the USA, has declared the acquisition of 5 Water Works automobile wash locations in bigger urban center, NC, with the intention to modernize the instrumentality at every facility to dramatically increase daily vehicle laundry capability. The in-bay automobile wash facilities are going to be reborn to full tunnel and mini tunnel categorical wash configurations, increasing capability at every from ten vehicles per hour to up to one hundred thirty per hour.”This may be a new whole of acquisition for North American country, however it fits okay with our overall philosophy of capturing sturdy opportunities after we see them,” same Henley CEO Ian Rickwood. “The automobile wash business includes a low degree of revenue volatility and is comparatively insulated from economic ups and downs, on condition that it’s cheap for shoppers, UN agency tend to look at automobile laundry as a staple service,” Mr. Rickwood another.

Henley’s renovation of the automobile wash locations to specific configurations – within which the vehicle moves through the tunnel on a conveyor, and multiple vehicles will be washed and processed through right away – can greatly increase the profit of those locations. Drivers stay in their cars throughout the wash sequence, and completely different wash varieties and different services like wax application, frame laundry and wheel brightening will be on an individual basis programmed for every vehicle.

“The modernization of those automobile wash facilities can offer a good new convenience for urban center space drivers,” same Garrett male monarch, Henley’s Chief Investment Officer for North America. “The new instrumentality can improve potency, provide customers additional wash service choices, and scale back their time spent for a automobile wash, while not dramatically ever-changing the price of the service.”

Henley has recently closed on the 5 urban center automobile wash facilities, and therefore the instrumentality upgrades and renovations for all six facilities area unit projected to be completed by early spring of 2020.

Henley is actively following further complete and portfolio acquisition opportunities across the North American country.

About Henley

Established in 2006, Henley may be a leading non-public equity land capitalist that specialize in development, investment and plus management within the industrial, residential, healthcare, land infrastructure, debt and different various land assets. Since beginning, Henley has close to doubled in size per annum. the corporate presently has close to $2 billion in assets underneath management.

With offices in state capital, Massachusetts; Newport Beach, California; and port, Florida, Henley’s North yankee operations area unit diode by Garrett male monarch, UN agency antecedently supported the triumph, across the country recognized residential exploitation and management company, Corbelis. before forming Corbelis in 2012, male monarch spent nearly 20 years with a series of well-known land non-public equity corporations.