ADDISON - Oasis Car Wash Inc., one of the few car-wash chains in the United States, plans to offer shares to the public this spring or summer and grow by consolidating properties in the fragmented carwash industry.
If it does, Oasis would be one of the nation's first car-wash companies to go public, according to industry sources. The company's stock would trade on the Nasdaq market.
With the initial public offering, Oasis hopes to raise $10 million to build 18 new locations over the next 12 months, said Jesse Shelmire, managing director of investment banking at First London Securities Corp. in Dallas, which is preparing the offering.
Oasis, based in Addison, is owned by Metroplex businessman Rick Weyand, who has interests in real estate, oil and gas. Weyand declined to comment about his company or the IPO, …