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Matrix served as lead advisor on the recapitalization and valuation of Watershed Car Wash’s portfolio comprised of 30 express tunnel car wash sites.   The McDowell Family built their first express tunnel wash in 2009 under the Clean Freak brand. The management team continued to scale the platform in the Arizona market which was ultimately sold to True Blue Car Wash. After selling the portfolio in 2020, the McDowell’s embarked on building the Watershed platform in both Texas and subsequently Oklahoma, where the Watershed portfolio has a significant presence. Congratulations to all parties involved in this successful transaction. https://lnkd.in/eKME2-Zq John Whalen, Ryan Weir, Garrett Novotny, CFA, CPA, Sean Dooley, CFA, ASA, Stephen Lynch, CFA, CPA, Nathan Wah, CPA

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