Atlantic Street Capital invests additional money in ZIPS Car Wash

Atlantic Street Capital invests additional money in ZIPS Car Wash

NEW YORK — The additional $70 million investment supports ZIPS' operating strategy, member experience, leadership team and wash quality.

NEW YORK — In a press release, Atlantic Street Capital (ASC), a private equity firm that invests in lower middle market companies through an operationally intensive strategy, announced that it has made an additional $70 million investment to further support the operating strategy, member experience, leadership team and wash quality of its portfolio company, ZIPS Car Wash.

Operating over 270 locations in more than 20 states over the last 20 years, most of ZIPS’ growth story has occurred over the last eight years through strategic acquisition, development and member growth.

“Express only carwash chains are a great place to invest, yet face challenging consumer trends that need to be addressed by ZIPS and the industry at large,” said ASC Managing Partner Andy Wilkins. “This capital is critical for ZIPS’ efforts to think beyond existing industry strategies to accelerate growth, define membership experience and capture retail attention.”

ASC initially invested in ZIPS in 2020 and increased its investment by acquiring additional equity from founding shareholders through a continuation fund in 2022.

Since 2020, the company has acquired new locations, substantially upgraded equipment, simplified monthly membership offerings, improved wash quality and engaged technology to deliver the best consumer experience.

You May Also Like

OPW releases new product add-ons, online store

DOWNERS GROVE, Ill. — Enhance your carwash operation with Washnetics® Tunnel Wash Components and OneShot™ Presoak.

opw-logo-feature

DOWNERS GROVE, Ill. — OPW Vehicle Wash Solutions, part of Dover, announced the launch of two new product add-ons and a new online store in a press release.

These assets will provide carwash operators with enhancements for their sites and customers with a memorable wash experience.

Washnetics® Tunnel Wash Components are now a part of the OPW portfolio and can be integrated into the Belanger tunnel wash systems. The Washnetics components automatically adjust to the size of each vehicle as it enters the tunnel, creating a customized wash process that facilitates higher throughput rates while ensuring a premium wash experience. The customized approach also considers the shape of each car, allowing the system to distribute the optimal amount of wash chemicals and water.

International Carwash Association releases Q2 2024 Pulse Report

WHEATON, Ill. — New, targeted questions give insights on trending marketing initiatives, growth opportunities and operators’ investment plans.

report-600300
Washworld Inc. announces new distributor

DE PERE, Wis. — By adding Washex, Washworld is now selling and servicing Washworld vehicle wash systems throughout Manitoba, Canada.

Mothers Automated Solutions enters automated car care sector

SCOTTSDALE, Ariz. — Mothers has introduced a comprehensive lineup of products designed for tunnels, in-bay automatics and self-serve carwashes.

Steel City Wash acquires Coates Car Care

PITTSBURGH — Steel City Wash LLC announced the acquisition of Coates Car Care, marking a significant expansion into Ohio.

mr-magic-car-wash-logo

Other Posts

El Car Wash donates $100,000 to Baptist Health Foundation

MIAMI — The donation from El Car Wash will support pediatric cancer research at Baptist Health Miami Cancer Institute.

el car wash florida logo
ZIPS celebrates 20 years with Folds of Honor partnership

PLANO, Texas — ZIPS Car Wash is giving scholarships to students sourced by the non-profit that helps families of fallen or injured soldiers.

Sud Stop opens first Alabama location

ORLANDO, Fla. — The new Sud Stop Car Wash in Meridianville, Alabama, launches as the company drives toward over a dozen carwashes in 2024.

sud-stop-feature
BAF Industries, PRO joins Appearance Technology Group

TUSTIN, Calif. — The move helps the multi-brand offering alongside Hi-Tech Industries, 3D International, P&S Detail Products and RBL Products.