Summit Wash Holdings: 37-Site Acquisitions; CWA Advises Waters Car Wash

Summit Wash Holdings announces acquisitions; CWA advises Waters Car Wash

NORWALK, Conn. and WEST PALM BEACH, Fla. — The initial platform was formed with multiple acquisitions and consists of 37 carwash sites across the Northeast, Florida and Nebraska markets.

NORWALK, Conn. and WEST PALM BEACH, Fla. — Summit Wash Holdings, a new private equity-backed entrant into the carwash industry, announced in a press release its express carwash platform and partnership with New Mountain Capital.

The initial platform was formed with the acquisitions of Russell Speeder’s Car Wash, Waters Car Wash and Squeeky’s Car Wash and consists of 37 carwash sites across the Northeast, Florida and Nebraska markets.

Dan Pittman, the former CEO of DRB Systems, will be appointed CEO.

More details from Summit Wash Holdings can be found here.

Car Wash Advisory, a leading investment banking firm and transaction advisor focused exclusively on the carwash industry, advised Florida-based Waters Car Wash.

Waters Car Wash currently has five operating express carwashes with another four in development throughout Central and South Florida.

The Waters Car Wash team will be staying on in a development role to identify and build new carwash sites throughout Florida.

“We are really proud of the outcome of this transaction for Waters, which allows these entrepreneurs to be rewarded for their many years of hard work but also allows them to leverage their development expertise to grow the Waters brand with their new partner,” remarked Colin May, managing director at Car Wash Advisory.

Doug Long of Waters commented, “We came into this process unsure of whether we wanted to sell 100% or find a partner that we could work with long-term. CWA’s sale process generated significant interest in our washes and provided us with multiple offers and several high-quality buyer options, including Summit Wash Holdings, who is a great fit for us.”

To learn more or to reach out to the CWA team, visit www.carwashadvisory.com.

You May Also Like

Kleen-Rite Missouri moves into new distribution center facility

COLUMBIA, Pa. — The new distribution center in Kansas City, Missouri, aims to enhance inventory and shipping efficiency for the region.

Kleen-Rite Corp.

COLUMBIA, Pa. — Kleen-Rite Corp. announced in a press release the opening of a distribution center facility at a new location in Kansas City, Missouri.

Replacing the previous distribution center, the new facility has more space to stock an expanded inventory selection and ship products faster in the region.

DRB appoints April Bertram as VP of product management

AKRON, Ohio — With over 30 years of experience in product innovation, Bertram joins DRB to shape the future of its product portfolio.

New detailing nonprofit to help underserved youth

LAGUNA HILLS, Calif. — Renowned automotive detailer Rigo Santana launched the New Generation Kids nonprofit to provide early training and career opportunities.

la-detailing-nonprofit
Splash welcomes Kathryn Rogers as chief financial officer

LITTLE ROCK, Ark. — Rogers brings extensive experience to Splash Car Wash, having worked with major firms and non-profits.

kathryn-rogers-splash
Splash Car Wash to build four new locations

LITTLE ROCK, Ark. — The Fayetteville Splash Car Wash opened in June 2024, featuring an express carwash tunnel with high-powered free vacuums.

Other Posts

Whistle Express opens Fairdale location with donation to hospital

FAIRDALE, Ky. — Celebration will include exclusive promotions, a $1 donation to Norton Children’s Hospital for every car washed and more.

Whistle Express car wash - magnolia holdings
The RipTide Car Wash acquires MILES Auto Spa

NASHVILLE — This strategic move enhances RipTide’s presence in the Southeast, particularly in the thriving Nashville market.

MILES Auto Spa logo
Lucas Oil facilities receive recertification for ISO 9001:2015

INDIANAPOLIS — Certification shows Lucas Oil’s commitment to quality proprietary solutions, regulatory compliance and customer satisfaction.

lucas-oil-recertification
Hanley Investment Group arranges sale of new Mister Car Wash

MERIDIAN, Idaho — The Mister Car Wash property, constructed in 2024, features a 5,381-square-foot facility on a 1.04-acre parcel.

mister-car-wash