Ryko Manufacturing Company
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Ryko Manufacturing Company - overview
Established
1973
Location
Grimes, IA, US
Primary Industry
Automobiles, Other Vehicles & Parts
About
Ryko Manufacturing Company specializes in the design and manufacturing of advanced car wash systems, offering a comprehensive range of solutions that enhance operational efficiency and vehicle cleanliness. Founded in 1973 in Grimes, US, Ryko Manufacturing Company focuses on creating innovative car wash solutions. The company was led by founder James Nelson, who has a history of involvement in the manufacturing sector. Ryko underwent a recapitalization in December 2010 by Trivest Partners, which marked a significant business strategy adjustment.
Ryko Manufacturing Company provides a comprehensive suite of equipment, chemicals, and services specifically tailored for the car wash industry. Their principal products include advanced car wash systems such as the SoftGloss Mini-Express, SoftGloss MAXX, and SoftGloss Drive-Thru, designed to optimize efficiency while delivering superior cleaning results. Integrated with proprietary wash solutions, these systems effectively remove grime and enhance vehicle aesthetics. Ryko serves a diverse clientele, including convenience store car wash owners, auto dealers, and fleet operators across the United States, leveraging 45 years of industry experience to maximize client profitability through expert consultation and ongoing support.
Ryko Manufacturing Company generates revenue primarily from direct sales of car wash equipment and chemicals, alongside service and repair contracts. The company operates on a B2B model, supplying products to car wash operators, auto dealerships, and fleet management companies. Standard transactions often involve purchasing car wash systems that include ongoing maintenance services. To support their offerings, Ryko has a network of 298 trained technicians nationwide for timely service and repairs.
Bundled savings offered by Ryko further enhance profitability for clients, reducing overall operational costs. Ryko Manufacturing Company is focused on future growth through the development of new products and expansion into new markets. The company aims to enhance its product line with additional car wash systems designed for optimal performance in various environments. Moreover, Ryko plans to expand its presence beyond current markets, targeting additional regions across the United States by 2025.
The recapitalization completed in December 2010 will support these initiatives, providing necessary resources for product development and market expansion.
Current Investors
Trivest Partners
Primary Industry
Automobiles, Other Vehicles & Parts
Sub Industries
Automobiles, Other Vehicles & Parts
Website
www.ryko.com
Company Stage
Mature
Total Amount Raised
Subscriber access only
Ryko Manufacturing Company - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Recapitalisation | Completed | National Carwash Solutions, Inc. | - | ||||||||
| Add-on | Completed | National Carwash Solutions, Inc. | - | ||||||||
| Add-on | Completed | MacNeil Wash Systems Ltd. | - | ||||||||
| Add-on | Completed | Hill & Foss, Inc. | - | ||||||||
| Recapitalisation | Completed | Ryko Manufacturing Company | - |
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