TORONTO, ON – October 30, 2020 – Kensington Capital Partners (“Kensington”) is pleased to announce that the Kensington Private Equity Fund has acquired a minority equity stake in Mint Smartwash Ltd. (“Mint”) to facilitate the growth and expansion of the company. Based in Calgary, Alberta, Mint is a developer and operator of high-volume express car wash tunnels utilizing state-of-the-art technology to deliver superior value to its customers. In comparison to alternatives, Mint offers faster wash times, a superior water reclamation process that recycles up to 80% of wash water and employs the use of environmentally friendly soaps, polishes, and waxes during the process.
“We look forward to working with the team and expanding the business throughout North America,” said Matthew Cross, Managing Director at Kensington. “This investment provides a whole new definition to the typical car wash.”
“The management team has been exceptional, and we are looking forward to working alongside the team at Mint Smartwash.” said Harold Huber, Managing Director at Kensington.
We welcome Mint Smartwash to the Kensington portfolio.
About Kensington
Kensington is a leading independent Canadian investor in alternative assets. Founded in 1996, and with over $1.6 billion invested in private equity, venture capital, and alternative assets. Kensington’s active management approach and relationship-based business has generated top quartile returns for investors. For more information about Kensington, please visit https://www.kcpl.ca.
For further information: Kensington Capital Partners Limited, Rui Hu, Marketing Manager, Phone: 416.362.2826, Email: rhu@kcpl.ca
