CHATTANOOGA, Tenn., July 29,
2024 /PRNewswire/ -- Hutton, a retail real estate and
development company, headquartered in Chattanooga, Tennessee, and Splash Car Wash,
headquartered in Milford,
Connecticut, today announced a joint venture to construct a
new express car wash in Springfield,
Massachusetts. The site, outfitted with a 130-foot tunnel
and 20 free-of-charge self-service vacuums will be operated by, and
branded as, Splash Car Wash. This is Splash's second site in the
state.
Under the leadership of Karen
Hutton, Hutton has developed properties for iconic brands
such as Dollar General, Burlington, Hobby Lobby, Ulta, Mavis, Aspen
Dental, O'Reilly's Auto Parts, Walmart Neighborhood Market, Publix,
Taco Bell and more in over 1,300 sites throughout the country. In
addition to traditional retail and F&B building experience,
Hutton also has developed over 100 car wash sites that operate
under the ModWash trade name.
Hutton and Splash have been discussing development opportunities
and decided that a collaboration that brings together their
respective development and car wash operating expertise could
accelerate growth for both companies. "We couldn't be more excited
to partner with Karen Hutton and her team of talented
development professionals", stated Mark
Curtis, CEO and co-founder of Splash. Dan Petrelle, COO of Splash, added "Karen and
her team bring a wealth of knowledge in site selection and
development. We look forward to opening our second location in
Massachusetts with their
assistance and to building a strong partnership."
The Springfield site is
anticipated to open next Spring. Splash has developed and opened
seven express sites in the last twelve months and has several de
novo washes in various stages of development, which will bring the
chain's total to over 70 washes.
ABOUT SPLASH CAR WASH, INC
Splash Car Wash was started in 1981 by Mark Curtis and Chris
Fisher with a single location in Greenwich, Connecticut. Since that time,
Curtis & Fisher, along with their experienced team and
partners, have developed over 80 locations, and currently
operate carwash tunnels in Connecticut, Vermont, and New
York. Many sites include detailing operations, eight
locations provide oil change services, and two locations operate
laundromats.
Splash has been named "Best Carwash" by numerous publications
over 40 times and has been recognized as a "Top Workplace in
Connecticut" for the past several
years by Hearst Publications. Four General Managers employed by
Splash have been recognized as "Most Valuable Carwasher" by
Professional Carwash & Detailing Magazine and Auto
Laundry News. Splash has been awarded the US Chambers of
Commerce prestigious "Blue Chip Enterprise Award" and has been
inducted into the Connecticut Business Hall of Fame.
ABOUT PALLADIN CONSUMER RETAIL PARTNERS (PCRP)
Palladin Consumer Retail Partners ("PCRP" or "Palladin") is a
Boston-based private investment
firm, founded in 1998, that focuses primarily on the retail and
consumer products sectors in North
America and Europe. Our
team has a strong investment and operating track record; the
Principals of PCRP have invested in, financed, or managed over
100 public and private retail and consumer products companies.We
pride ourselves on working closely with management teams to create
value through strategic and operational initiatives. PCRP strives
to provide its portfolio companies with the advantages of a
strategic partner and the operating flexibility and incentives of a
financial investor. Current and former investments include M@C
Discount, Southeast Mechanical, Tailwind Concessions, Leapfrog
Brands, Decowraps, PB Metro, Splash Car Wash, KT Tape, Nic+Zoe,
InMotion Entertainment, J. McLaughlin, Things Remembered,
Restoration Hardware, Spencer Gifts, Jamba Juice, Worldlynx,
Multi-Flow, and Kwik-Tek.
CONTACT:
Mark Curtis
mark@splash1.org
203-324-5400 ext. 7011
Patricia Donnelly
pdonnelly@pcrp.com
617-585-3800
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SOURCE Palladin Consumer Retail Partners, LLC