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Ryko Buys MacNeil

rph9168

Carwashguy
It was formally announced on Monday that as of April 1st, MacNeil becomes a subsidiary of Ryko Solutions.
 
With carwash equipment spending down 80 basis points since 2005, I’m surprised the acquisition didn’t happen sooner.

Considering the expected rate and pattern of future growth in carwash equipment spending, I suspect Sonny’s will become the industry’s second largest manufacturer within a relatively short period of time.

Moreover, it’s not over, there is more consolidation to come.
 
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