BOSTON, Aug. 8, 2024
/PRNewswire/ -- Caldwell, a leading global law firm
specializing in intellectual property, litigation, and corporate
advisory services, is pleased to announce its role in facilitating
a significant investment in Quick Quack Car Wash by a premier
global investment firm. The firm has acquired an $850 million minority stake in Quick Quack Car
Wash, marking a pivotal moment in the car wash industry.
Quick Quack Car Wash, headquartered in Roseville, California, was founded in 2004 and
has since expanded to over 230 locations across California, Texas, Arizona, Utah, and Colorado. The infusion of capital will support
Quick Quack's continued growth and expansion, enabling the company
to enhance its marketing efforts and extend its footprint in
existing and new markets.
"We are thrilled to have played a part in this landmark
investment," said Keegan Caldwell,
global managing partner at Caldwell. "Our team worked diligently
with Quick Quack to build a high-value IP portfolio that
significantly enhanced the company's market appeal. Through our
strategic guidance, Quick Quack was able to secure a patent
portfolio that positions them as the leader in technology
development and innovation within the car wash industry and
creating a significant moat."
The investment firm's capital will also support the
implementation of an innovative equity program for Quick Quack's
entire workforce, promoting a culture of ownership and engagement
among employees. This initiative reflects a commitment to inclusive
growth and rewarding the contributions of all team members.
"Steve [Wang] and the Caldwell team were valuable
partners in helping us build our technology portfolio
fast." said Matt Nichols,
Chief Innovation Officer, Quick Quack Car Wash. "With the help
of an approved patent portfolio, we were able to successfully
upgrade our strategy to attract new investment." He added,
"the success of our IP portfolio allowed us to put our
technology development and vision for the future at the forefront
of the strategy to show our differentiation from the competition in
the industry. We are so grateful that the work and strategy led to
very exciting partnership with successful PE firm this
month."
Caldwell's role in this transaction underscores its commitment
to supporting its clients strategically leveraging their IP to its
full potential.
For more information about Caldwell and its services, please
visit www.caldwell.com.
About Caldwell
Caldwell is a global law firm specializing in intellectual
property, litigation, and corporate advice. Recognized as one of
the fastest-growing law firms in the U.S., Caldwell serves
high-growth companies, venture capital funds, unicorns, and listed
corporates in the U.S., Europe and
Asia. The firm's team includes
seasoned attorneys, patent and technical specialists with advanced
degrees in science and engineering, focusing on the technology and
life sciences sectors out of offices in London, Boston and Los
Angeles.
Media Contact:
Mona Lucier
Director of Marketing
Caldwell
Email: mona@caldwelllaw.com
Phone: (857)496-8913
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SOURCE Caldwell