Ryko Acquires Commercial Washing Systems

Establishing direct sales, service support in Central, South Texas

GRIMES, Iowa -- Car wash equipment manufacturer Ryko Solutions Inc. has announced that it has acquired and will fully integrate the brand, assets and operations of Commercial Washing Systems Inc., the company's largest distributor.

Terms of the deal were not disclosed.

The move extends Ryko's national direct sales and service support network for customers into the central and southern regions of the state of Texas.

"Commercial Washing Systems has been a vital and extraordinarily successful component of Ryko's distribution system for 30 years, so we're very pleased to be adding them to the Ryko family. This acquisition will allow us to further strengthen our position as the leading provider of managed car wash systems in the United States," said Steven L'Heureux, president and CEO of Ryko.

Commercial Washing Systems currently employs 29 people in a variety of sales, field service and support roles. Various programs are underway for the integration of the functions of the two companies to ensure the customer support Commercial Washing System's customers have come to expect is continued. Jody Carroll, president of Commercial Washing Systems, will remain with the company as general manager of sales and service for the South/Central Texas Region.

"For our company, this decision was made after a series of in-depth conversations with the management team at Ryko which made it clear this business combination was in the best interest of our customers and employees," said Carroll. "Ryko's mission of supporting its customers in building the most profitable car wash operations in the industry convinced me that they're the right organization to guarantee our customers continue to receive the excellent service and marketing support necessary to thrive in a challenging business environment."

He added, "Ryko management made an important commitment to us that they would not only stand behind and support the successful equipment, service, marketing and chemical programs we have already created, but also invest in expanding and improving upon the programs we've built."

Ryko Solutions is a leading provider of managed car wash systems in North America, offering 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/convenience stores, private investors, land developers and auto dealers. Based in Grimes, Iowa, the company has been in operation since 1973 and employs more than 360 people throughout North America.


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