Bonderman’s Wildcat Family Office Bulks Up Its Wager on U.S. Car Washes
- Wildcat’s latest bet is Rapid Express, with 17 Texas locations
- TPG co-founder now has fifth-largest U.S. car wash platform
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David Bonderman’s Wildcat Capital Management invested in Rapid Express Car Wash, adding to a portfolio of similar deals that has made the $4.5 billion family office one of the largest car-wash backers in the U.S.
Houston-based Rapid Express manages 17 sites in central and south Texas and is developing an additional 25, according to a statement from both companies. Wildcat previously invested in Club Car Wash, which has locations in states including Illinois, Iowa, Kansas and Missouri, and Express Wash Concepts, which is based in Ohio.