Ascentium Capital, Ryko Solutons Partner on Car Wash Financing



Ryko Solutions formed a partnership with Ascentium Capital to offer affordable and customized finance options for Ryko’s managed car-wash products, services and technologies.

“Our goal is to ensure our clients are successful, and we want to assist every step of the way in building a profitable managed car-wash system,” said Jesse Wurth, CFO at Ryko Solutions. “We are leveraging Ascentium Capital’s expertise in the car-wash industry to drive this strategic initiative.”

Ascentium Capital’s finance solutions will provide Ryko’s clients with a way to acquire a complete car-wash solution from friction soft touch, touchless and mini-tunnel systems. Clients can also finance items such as remote monitoring systems, activation systems, water treatment, freight, installation, bay modification work and labor.

“Through Ascentium Capital’s consultative approach, finance structures will be tailored to each client’s cash flow,” said David Miller, senior vice president of marketing and new product development for Ryko Solutions. “We view this partnership as a way to assist with tactical objectives and enhance client satisfaction.”

The finance program will be available to Ryko Solution’s entire client network throughout the U.S. Finance training, combined with a program rollout, will be part of the partnership launch.

“The specialized car-wash finance team at Ascentium is focused on providing solutions that enhance the profitability for our clients,” said Paul Hagner, vice president of commercial and industrial sales for Ascentium Capital.

Grimes, IA-based Ryko Solutions is a provider of car-wash solutions in North America, offering integrated, end-to-end vehicle care solutions including car-wash equipment, cleaning wash solutions and a direct source of customer service, maintenance and support.


Like this story? Begin each business day with news you need to know! Click here to register now for our FREE Daily E-News Broadcast and start YOUR day informed!

Leave a comment

View Latest Digital Edition

Terry Mulreany
Subscriptions: 800 708 9373 x130
[email protected]
Susie Angelucci
Advertising: 484.459.3016
[email protected]

View Latest Digital Edition

Visit our sister website for news, information, exclusive articles,
deal tables and more on the asset-based lending, factoring,
and restructuring industries.
www.abfjournal.com