Jose Costa named CEO of Magnolia Wash Holdings
Automotive industry leader tapped to accelerate growth for express car wash innovator.
Jose Costa has been appointed CEO of Magnolia Wash Holdings, an express car wash operator with nearly 70 locations across the U.S. Costa is the company's first CEO and will oversee Magnolia's continued growth and expansion throughout the Southeast.
"Jose is the proven leader Magnolia Wash Holdings needs to take the enterprise to the next level. Jose has an unmatched talent for identifying and executing on new growth opportunities, and we are excited to see him translate his experience into the high-growth car wash market," said Sean Epps, partner at A&M Capital Opportunities.
He has extensive experience leading private equity-backed portfolio companies as both senior executive and board director and has previously partnered with preeminent consumer investment firms across the world.
"The express car wash industry is rapidly growing, and I believe Magnolia Wash Holdings is in a prime position to lead the way with an unwavering focus on customer experience and quality," said Costa.
In 2020 Frank Bennett and Brooks Moye recapitalized Express Wash Holdings with AMCO and subsequently created Magnolia to pursue a multi-pronged growth strategy in the Southeast U.S. Since this partnership, Magnolia has successfully driven best-in-class growth via acquisitions, de novo openings, and the expansion of its Fast Pass Membership Program.
