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Private Equity
FINANCIAL
freemanspogli.com

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Investments

20

Portfolio Exits

15

Funds

8

Partners & Customers

1

Service Providers

3

About Freeman Spogli & Co.

Freeman Spogli & Co. is a private equity firm dedicated exclusively to investing in and partnering with management in consumer-related companies in the retailing, direct marketing and distribution industries in the United States. Since its founding in 1983, Freeman Spogli has invested over $2.8 billion in 45 portfolio companies with aggregate transaction value of $17 billion, and is currently making investments from FS Equity Partners VI, L.P. Freeman Spogli has offices in Los Angeles and New York.

Freeman Spogli & Co. Headquarter Location

11100 Santa Monica Boulevard Suite 1900

Los Angeles, California, 90025,

United States

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Latest Freeman Spogli & Co. News

Harris Williams Advises WhiteWater Express Carwash On Its Recapitalization By Freeman Spogli & Co.

Dec 24, 2021

RICHMOND, Va.–(BUSINESS WIRE)– Harris Williams , a global investment bank specializing in M&A advisory services, announces it advised WhiteWater Express Carwash (WhiteWater), a portfolio company of SkyKnight Capital L.P. (SkyKnight), on its recapitalization led by Freeman Spogli & Co. (Freeman Spogli). WhiteWater is an express car wash platform with over 60 locations headquartered in Houston. The transaction was led by Jershon Jones , Jason Bass , Joe Conner , Jonathan Meredith , Nick Petrick and Matt Williamson of the Harris Williams Transportation & Logistics (T&L) Group . “We are grateful for the opportunity to work with SkyKnight and the founders of WhiteWater to identify the company’s next equity partner. Since its founding in 2016, WhiteWater has become an industry-leading platform with an incredibly attractive growth profile, strong entrepreneurial spirit and best-in-class operations. We look forward to watching the company’s continued success in their partnership with the team at Freeman Spogli,” said Jershon Jones, a managing director at Harris Williams. “The WhiteWater transaction represents the latest deal of scale in the highly attractive car wash sector. Industry tailwinds remain strong, and we expect to see sustained investor interest in the category over the long term,” said Joe Conner, a managing director at Harris Williams. “We had a great experience working with Harris Williams. Their thoughtful strategy, targeted approach and the exceptional team they brought to the engagement provided us with the support and strategic partnership we needed to achieve a very successful outcome,” said Steve Mathis, CEO of WhiteWater. Founded in 2016 and headquartered in Houston, WhiteWater has grown from a single location operator into a multi-regional express car wash platform which goes to market under a unified brand. WhiteWater has quickly expanded its geographic presence by executing on a “land and expand” strategy, entering new markets via acquisition, then building greenfield locations while continuing to acquire to strengthen its market share. The company currently operates 60 locations across Texas, Oklahoma, Ohio, Kentucky and Michigan. Founded in 2015, SkyKnight manages over $2 billion in private equity capital on behalf of leading institutional family offices, foundations, endowments and pensions. SkyKnight makes long-term investments into high-quality businesses in acyclical growth sectors alongside exceptional management teams. SkyKnight aims to build industry defining businesses in healthcare, financial services and tech-enabled services. Freeman Spogli is a private equity firm dedicated exclusively to investing in and partnering with management in consumer and distribution companies in the United States. Since its founding in 1983, Freeman Spogli has invested over $5.1 billion in 66 portfolio companies with an aggregate transaction value of over $25 billion, and is currently making investments from FS Equity Partners VIII, L.P. Freeman Spogli has offices in Los Angeles and New York. Harris Williams , an investment bank specializing in M&A advisory services, advocates for sellers and buyers of companies worldwide through critical milestones and provides thoughtful advice during the lives of their businesses. By collaborating as one firm across Industry Groups and geographies, the firm helps its clients achieve outcomes that support their objectives and strategically create value. Harris Williams is committed to execution excellence and to building enduring, valued relationships that are based on mutual trust. Harris Williams is a subsidiary of the PNC Financial Services Group, Inc. (NYSE: PNC). The Harris Williams Transportation & Logistics Group serves companies in a broad range of attractive niches, including third-party logistics (3PL), automotive and heavy-duty vehicle, transportation equipment, and truck, rail, marine and air transportation. For more information on the firm’s T&L Group and other recent transactions, visit the T&L Group’s section of the Harris Williams website. Harris Williams LLC is a registered broker-dealer and member of FINRA and SIPC. Harris Williams & Co. Ltd is a private limited company incorporated under English law with its registered office at 8th Floor, 20 Farringdon Street, London EC4A 4AB, UK, registered with the Registrar of Companies for England and Wales (registration number 07078852). Harris Williams & Co. Ltd is authorized and regulated by the Financial Conduct Authority. Harris Williams & Co. Corporate Finance Advisors GmbH is registered in the commercial register of the local court of Frankfurt am Main, Germany, under HRB 107540. The registered address is Bockenheimer Landstrasse 33-35, 60325 Frankfurt am Main, Germany (email address: [email protected] ). Geschäftsführer/Directors: Jeffery H. Perkins, Paul Poggi. (VAT No. DE321666994). Harris Williams is a trade name under which Harris Williams LLC, Harris Williams & Co. Ltd and Harris Williams & Co. Corporate Finance Advisors GmbH conduct business. Contacts Continue Reading

Freeman Spogli & Co. Investments

20 Investments

Freeman Spogli & Co. has made 20 investments. Their latest investment was in WhiteWater Express Car Wash as part of their Recap on December 12, 2021.

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Freeman Spogli & Co. Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

12/23/2021

Recap

WhiteWater Express Car Wash

Yes

1

6/30/2021

Series B

Brooklinen

Yes

2

7/1/2016

Private Equity

City Barbeque

Yes

2

11/5/2015

Recap - II

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10

11/4/2015

Recap - II

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10

Date

12/23/2021

6/30/2021

7/1/2016

11/5/2015

11/4/2015

Round

Recap

Series B

Private Equity

Recap - II

Recap - II

Company

WhiteWater Express Car Wash

Brooklinen

City Barbeque

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Amount

New?

Yes

Yes

Yes

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Co-Investors

Sources

1

2

2

10

10

Freeman Spogli & Co. Portfolio Exits

15 Portfolio Exits

Freeman Spogli & Co. has 15 portfolio exits. Their latest portfolio exit was Arhaus on November 04, 2021.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

11/4/2021

IPO

$99M

1

12/31/2020

Acquired

$99M

7

3/19/2019

Acq - Fin - II

2

7/27/2017

Acq - Fin - II

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$99M

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10

4/27/2017

IPO

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$99M

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10

Date

11/4/2021

12/31/2020

3/19/2019

7/27/2017

4/27/2017

Exit

IPO

Acquired

Acq - Fin - II

Acq - Fin - II

IPO

Companies

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Valuation

$99M

$99M

$99M

$99M

Acquirer

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Sources

1

7

2

10

10

Freeman Spogli & Co. Acquisitions

27 Acquisitions

Freeman Spogli & Co. acquired 27 companies. Their latest acquisition was US Med-Equip on December 11, 2020.

Date

Investment Stage

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Total Funding

Note

Sources

12/11/2020

Private Equity

$99M

Acq - Fin

3

2/4/2020

$99M

Acq - Fin - II

1

1/14/2020

$99M

Acq - Fin

1

1/14/2020

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$99M

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10

1/9/2020

Other

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$99M

$99M

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10

Date

12/11/2020

2/4/2020

1/14/2020

1/14/2020

1/9/2020

Investment Stage

Private Equity

Other

Companies

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Valuation

$99M

$99M

$99M

$99M

$99M

Total Funding

$99M

Note

Acq - Fin

Acq - Fin - II

Acq - Fin

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Sources

3

1

1

10

10

Freeman Spogli & Co. Fund History

8 Fund Histories

Freeman Spogli & Co. has 8 funds, including FS Equity Partners VIII.

Closing Date

Fund

Fund Type

Status

Amount

Sources

9/3/2019

FS Equity Partners VIII

Buyouts & Acquisitions

Closed

$1,850M

1

10/22/2014

FS Equity Partners VII LP

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$99M

10

4/21/2011

FS Equity Partners VI LP

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$99M

10

5/1/2004

FS Equity Partners V LP

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$99M

10

1/1/1998

FS Equity Partners IV LP

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$99M

10

Closing Date

9/3/2019

10/22/2014

4/21/2011

5/1/2004

1/1/1998

Fund

FS Equity Partners VIII

FS Equity Partners VII LP

FS Equity Partners VI LP

FS Equity Partners V LP

FS Equity Partners IV LP

Fund Type

Buyouts & Acquisitions

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Status

Closed

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Amount

$1,850M

$99M

$99M

$99M

$99M

Sources

1

10

10

10

10

Freeman Spogli & Co. Partners & Customers

1 Partners and customers

Freeman Spogli & Co. has 1 strategic partners and customers. Freeman Spogli & Co. recently partnered with Smile Brands on November 11, 2010.

Date

Type

Business Partner

Country

News Snippet

Sources

11/3/2010

Partner

Smile Brands

United States

Dental, Castle Dental and Monarch Dental. Welsh, Carson, Anderson & Stowe to Acquire a Majority Interest in Smile.. -- IRVINE, Calif., Nov. 3, 2010 /PRNewswire/ --

`` Our partnership with Smile Brands has been very rewarding and we are very happy to have the opportunity to continue to move forward with the company alongside Welsh Carson , '' said Fred Simmons , a Partner at Freeman Spogli .

1

Date

11/3/2010

Type

Partner

Business Partner

Smile Brands

Country

United States

News Snippet

Dental, Castle Dental and Monarch Dental. Welsh, Carson, Anderson & Stowe to Acquire a Majority Interest in Smile.. -- IRVINE, Calif., Nov. 3, 2010 /PRNewswire/ --

`` Our partnership with Smile Brands has been very rewarding and we are very happy to have the opportunity to continue to move forward with the company alongside Welsh Carson , '' said Fred Simmons , a Partner at Freeman Spogli .

Sources

1

Freeman Spogli & Co. Service Providers

3 Service Providers

Freeman Spogli & Co. has 3 service provider relationships

Service Provider

Associated Rounds

Provider Type

Service Type

Private Equity

Counsel

General Counsel

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Service Provider

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Associated Rounds

Private Equity

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Provider Type

Counsel

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Service Type

General Counsel

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Partnership data by VentureSource

Freeman Spogli & Co. Team

6 Team Members

Freeman Spogli & Co. has 6 team members, including current Chief Executive Officer, John Roth.

Name

Work History

Title

Status

John Roth

Chief Executive Officer

Current

Jon Ralph

President, Chief Operating Officer

Current

Greg Brackett

Chief Financial Officer

Current

William M. Wardlaw

Chief Commercial Officer

Current

Mark J Doran

General Partner

Former

Name

John Roth

Jon Ralph

Greg Brackett

William M. Wardlaw

Mark J Doran

Work History

Title

Chief Executive Officer

President, Chief Operating Officer

Chief Financial Officer

Chief Commercial Officer

General Partner

Status

Current

Current

Current

Current

Former

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