Magnolia on route to reach 100 carwash sites in the U.S.
Express car wash operator continues to expand across target markets as it welcomes new chief development officer.
In the last six months, Magnolia has increased its presence in the Southeast by nearly 38 percent – fueling the company's efforts to reach 100 locations by the end of 2022. This momentum comes at with Samuel Freeman as the new chief development officer.
Magnolia Wash Holdings has grown its portfolio of express car wash locations to include approximately 70 across Florida, Georgia, North Carolina, Ohio, South Carolina, Tennessee and Virginia.
Freeman joins Magnolia Wash Holdings at an exciting period for the rapidly growing operator of express car wash brands. Through mergers and acquisitions, as well as new-to-industry locations, the company welcomed more than 20 units since the start of the year and is projected to increase their unit count of car wash locations by 100 units each year for the next five years.
"We're currently adding anywhere from five to ten locations a month and plan to double our size very soon. As we grow our presence across this industry, it's critical that we have a strong leadership team that can support our goals and vision for Magnolia. We are thrilled to have Samuel join the company as Chief Development Officer,” said Jose Costa, chief executive officer of Magnolia Wash Holdings.
Prior to joining Magnolia, Freeman served as Vice President of Real Estate and Corporate Development at Icahn Automotive Group, managing real estate for a 1,000+ company-owned automotive service locations.
