Ryko to Acquire National Carwash Solutions
Will leverage consulting, tunnel expertise
GRIMES, Iowa -- Ryko Solutions Inc., a major provider of managed car wash systems, has announced that it has agreed to acquire National Carwash Solutions LP (NCS), the largest independent carwash service organization in North America.
The transaction is expected to close within the next 30 days.
Staffed by a 60-person team, NCS serves customers across 14 states in the Northeast and Mid-Atlantic regions, including regional convenience store chains and professional tunnel operators.
"The combination of Ryko Solutions and NCS results in a strengthening of our commitment to our collective operator base in four key areas: enhanced service footprint, an expanded focus on the delivery of improved uptime, the ability to more thoroughly support competitive carwash systems and the opportunity to adopt NCS' "360-degree-partnership" approach to the customer's business, whereby expert knowledge, professional service and practical solutions are applied across the customer's business to enhance their business success." said Steven L'Heureux, CEO of Ryko Solutions.
NCS presented itself as an ideal strategic fit because of the company's consultative services capability that is focused on supporting customer attainment of improved profitability following installation, he added. L'Heureux also saw great value in the company's in-depth expertise in the professional tunnel space, which Ryko will leverage to continue its growth in that market segment.
The NCS team will work with Ryko Solutions' service network and resources to further solidify Ryko's position of being a leading provider of service support within the carwash industry with what will now be a combined network of more than 250 technicians across the United States.
"I'm excited about the shared mission we have with Ryko around partnering with customers to build more profitable car washes," said Hank Richard, CEO of National Carwash Solutions. "Both Ryko's and NCS' shared strong customer-centric commitment and keen interest in providing the industry's premier consulting services is what makes the difference in being able to earn the trust of and build longtime relationships with customers."
Cranberry Township, Pa.-based NCS provides carwash operators with professional, comprehensive consulting services, education, supplies and equipment systems to protect and enhance profitability.
Grimes, Iowa-based Ryko offers an integrated, end-to-end clean vehicle solution consisting of equipment, chemicals, a national technical services organization and consumer marketing programs. The company's primary focus is creating maximum profitability in car wash operations for gas stations, convenience stores, private investors, land developers and auto dealers.