Coastal Investment Company, LLC, established in 2019 and headquartered in Winter Park, Florida, is a private equity firm specializing in real estate and venture capital investments across the United States. The company's mission is to provide successful individuals with access to and advice on institutional real estate and venture capital opportunities. Their vision is to serve as a trusted guide for investors, illuminating new paths to financial success and becoming a leading authority in real estate and business investments.
Key Strategic Focus
Coastal Investment Company concentrates on demand-driven asset classes in the Southeast region of the United States, including:
- Multi-family properties
- Self-storage facilities
- Build-for-rent communities
- Boat and RV storage
- Last-mile industrial properties
- Essential retail spaces
- Gas stations
- Hospitality venues
- Distressed assets
- Assisted living facilities
Through its subsidiary, Coastal Ventures, the company also provides growth equity to early and mid-stage private companies in sectors such as real estate development, manufacturing, software, technology, healthcare, data storage, energy (including renewables), medical, construction, and engineering.
Financials and Funding
As of the most recent filings, Coastal Investment Company reported regulatory assets under management totaling $161,304,926, managed across 23 clients, resulting in an average client size of approximately $7 million. The firm is registered with the SEC and operates primarily in Florida.
Pipeline Development
In June 2024, Coastal Investment Company, in partnership with Madison Capital Group, launched "Go Wash It," an innovative car wash venture aimed at revolutionizing the industry through advanced technologies and strategic growth. The initiative plans to establish and acquire cutting-edge facilities in high-growth U.S. markets, with a goal of expanding to 150-250 locations over the next five years.
Technological Platform and Innovation
"Go Wash It" integrates state-of-the-art technologies to enhance customer experience and operational efficiency, including:
- License plate recognition systems for expedited service to subscription members
- Real-time monitoring of equipment and detergent levels to prevent downtime
These innovations aim to streamline operations and elevate customer service standards.
Leadership Team
Coastal Investment Company's leadership comprises seasoned professionals with diverse expertise:
- Greg Meerbaum, Chief Executive Officer
- Tyler Bloechinger, Chief Financial Officer
- Keith Ahrens, Chief Operating Officer
- Sean Casper, Managing Director
- Travis Barr, Chief Construction Officer
- Alyssa Stewart, Chief Technology Officer
- Carey Sobel, Chief Acquisitions Officer
The advisory team includes experts in financial planning, tax law, compliance, and real estate development, providing comprehensive guidance to the firm's investment strategies.
Competitor Profile
Market Insights and Dynamics
The private equity real estate sector in the United States is experiencing significant growth, driven by increasing demand for diverse asset classes and innovative investment strategies. The car wash industry, valued at over $10 billion, is also expanding, presenting lucrative opportunities for investors.
Competitor Analysis
Key competitors in the private equity real estate and venture capital sectors include:
- Blackstone Group: A global leader in real estate investments with a diverse portfolio across various asset classes.
- Brookfield Asset Management: Specializes in real estate, infrastructure, and private equity investments worldwide.
- Carlyle Group: Focuses on global private equity, real estate, and credit investments.
In the car wash industry, competitors include:
- Mister Car Wash: The largest car wash chain in the U.S., offering express exterior and full-service washes.
- Zips Car Wash: Operates numerous locations across the country, emphasizing speed and convenience.
Strategic Collaborations and Partnerships
Coastal Investment Company has formed significant partnerships to enhance its market position and innovation capacity:
- Madison Capital Group: Collaborated to launch "Go Wash It," aiming to revolutionize the car wash industry through technological advancements and strategic growth.
- Empire Group: Partnered on build-for-rent communities, including a 228-unit project in Colorado Springs and a 332-unit development in Fort Worth, TX.
Operational Insights
Coastal Investment Company's strategic considerations include:
- Market Position: Leveraging partnerships and technological innovations to differentiate offerings in competitive markets.
- Competitive Advantages: Combining extensive industry expertise with cutting-edge technologies to enhance operational efficiency and customer satisfaction.
Strategic Opportunities and Future Directions
The company's strategic roadmap focuses on:
- Expansion of "Go Wash It": Aiming to establish 150-250 car wash locations over the next five years, capitalizing on industry growth and consumer demand for eco-friendly services.
