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GRIMES, Iowa -- Ryko Solutions has acquired Commercial Washing Systems Inc. and plans to integrate the brand, assets and operations into its existing car wash business. The price and terms of the deal were not disclosed.
The addition of Commercial Washing Systems extends Ryko's national direct sales and service support network for customers in the central and southern regions of Texas. Ryko is a manufacturer of car wash equipment and provider of service support and chemicals to the industry.
"Commercial Washing Systems has been [a] vital and extraordinarily successful component of Ryko's distribution system for 30 years, so we're very pleased to be adding them to the Ryko family," said Steven L'Heureux, president and CEO of Ryko. "This acquisition will allow us to further strengthen our position as the leading provider of managed car wash systems in the United States."
According to L'Heureux, Commercial Washing Systems has 29 employees in sales, field service and support roles. Efforts are underway to integrate the companies. Jody Carroll, president of Commercial Washing Systems, will remain with the company as general manager of sales and services for the south/central Texas region.
"For our company, this decision was made after a series of in-depth conversations with the management team at Ryko, which made it clear this business combination was in the best interest of our customers and employees," Carroll said. "Ryko's mission of supporting its customers in building the most profitable car wash operations in the industry convinced me that they're the right organization to guarantee our customers continue to receive the excellent service and marketing support necessary to thrive in a challenging business environment."
Carroll added: "Furthermore, Ryko management made an important commitment to us that they would not only stand behind and support the successful equipment, service, marketing and chemical programs we have already created, but also invest in expanding and improving upon the programs we've built."