Trivest-Backed Ryko Acquiring MacNeil Wash Systems
March 14, 2013
Ryko Solutions, a Trivest Partners portfolio company that provides managed car wash systems in North America, has agreed to acquire complementary supplier MacNeil Wash Systems. Based in Barrie, Ontario, MacNeil provides car wash equipment to the tunnel car wash industry, automotive dealers, fleet and rental markets. The acquired company will operate as a Ryko subsidiary and maintain its brand name and manufacturing facilities. The acquisition presents an opportunity for Ryko to double its addressable market through the addition of MacNeil's complementary product lines and gives Ryko an entry into the tunnel market segment. Trivest invested in the platform company through a recapitalization in December 2010.