1. This was a Private Equity round raised on May 13, 2020. Zips Car Wash raised an undisclosed amount on 2020-05-13 in Private Equity Round. Zips Car Wash is one of the largest ride-thru car wash operators in the U.S. with 185 locations in 17 states across the South, Southeast, and Mid-Atlantic. Resources. The state of private equity. Categories. Chrome Extension. Filter Your Search: Service Area. Contacts: For Zips Car Wash Sarah Elizabeth Falanga. NEW YORK — Atlantic Street Capital (ASC), a private equity firm that invests in lower middle market companies, recently announced an agreement to increase its investment in its portfolio company, ZIPS Car Wash, a press release stated. Log In. On this Unscripted video interview, we welcome Justin Alford, co-owner of Benny's Car Wash, to discuss some external macro trends affecting carwashing and customers. Funding Round. Zips Car Wash. PRESS RELEASE. The transaction allows ASC to acquire equity from founding shareholders and build upon an . You will want to make sure the one you select is the type of car wash you're looking for of course. Zips, headquartered in Plano, Texas, is the largest privately held car wash operator nationwide. Founded in 2003 by Mr. Overman, Zips provides an express ride-thru tunnel wash experience at its 185 locations across 17 states in the South, Southeast, and Mid-Atlantic. Edit Overview Section. Founded in 2003 by Mr. Overman, Zips provides an express ride-thru tunnel wash experience at its 185 locations across 17 states in the South, Southeast, and Mid-Atlantic. Solutions. Atlantic Street Capital has made an investment in Zips Car Wash in partnership with the company's founder.. Zips Car Wash is one of the largest ride-thru car wash operators in the U.S. with 185 locations in 17 states across the South, Southeast, and Mid-Atlantic. The co-owner of Louisiana-based Benny's Car Wash reflects on market trends over the past few years. Pricing. Zips Car Wash is funded by Atlantic Street Capital. Zips Express Wash Receives Strategic Growth-Focused Investment From Atlantic Street Capital. on. Lube Service. NEW YORK, May 17, 2022 - Atlantic Street Capital ("Atlantic Street" or "ASC"), a private equity firm that invests in lower middle market companies to unlock equity value . The transaction allows ASC to acquire equity from founding shareholders and build upon an . May 17, 2022. "Private equity has ownership involvement in [approximately] 3.5% of all tunnel washes in the U.S.," says Harry Caruso, founder and CEO of Car Wash Advisory. Organization Name. Zips Car Wash also offers free self-serve vacuums and Unlimited Wash Club Memberships. May 17, 2022. The transaction allows ASC to acquire equity from founding shareholders and build upon an operating strategy that has already driven considerable growth. May 19, 2022. Used Car Dealers. "Private equity has ownership involvement in [approximately] 3.5% of all tunnel washes in the U.S.," says Harry Caruso, founder and CEO of Car Wash Advisory. And for just $15, we'll even give you one month to try our membership out - just like a new pair of jeans. Edit Overview Section. Little Rock, Arkansas-based Zips was founded in 2003 by CEO Brett Overman and has more than 1,400 employees. NEW YORK, May 17, 2022/PRNewswire/ -- Atlantic Street Capital ("Atlantic Street" or "ASC"), a private equity firm that invests in lower middle market companies to unlock equity value through an. Start Free Trial . $3 Car Wash; DIY Car Wash; Drive Through Car Wash; You can still find car wash bays throughout the Provo if you're searching. Zips has over 1,400 employees and is based in Little Rock, Arkansas. All you would have to do is type in 'car wash near me,' and a map will pop up with which ones are closest to you. Truck Wash Equipment. In the next five years, some industry advisers expect that to change. The transactions traded at cap rates ranging from 5.5 percent to 6.5 . Iris Dorbian. Summary. 17/05/2022 - 10:37am. Zips Car Wash (4) El Car Wash (4) TRG Management Company, LLP (3) FirstService Residential (3) City of Plantation (2) Trump National Doral Miami (2) Trump Miami Resort Management LLC (2) Altman Management Company (2) Bartlett Tree Experts (2) Catholic Cemeteries (2) No financial terms were disclosed. Organization Name Zips Car Wash Announced Date May 17, 2022 Funding Type Private Equity Funding Stage Private Equity Lead Investors Atlantic Street Capital Atlantic Street Capital Management, LLC is a private equity firm specializing in lower middle market companies in buyouts, Investors Number of Investors 1 Number of Partner Investors 3 Zips is among the fastest growing express car wash chains in the country, operating 235 locations . America's Longest, Fastest and Best Equipped Car Washes. Auto Detailing. Announced Date May 17, 2022. As a successful operator, Justin reflects on COVID-19 related . As recently as June 2019, private equity owned about 1% of the nation's 65,000 total car washes and 2% of the country's roughly 17,000 conveyor-style car washes, according to data from one of the industry's dedicated brokerages, New York-based Car Wash Advisory LLC. Resources. With the Unlimited Wash Club at Zips, you really can wash your car as many times a month as you want! NEW YORK, May 13, 2020 - Atlantic Street Capital, a private equity firm targeting entrepreneurial businesses poised for the next level of growth, announced today its partnership with Brett Overman and growth investment in Zips Car Wash, one of the largest express focused tunnel car wash operators in . For more information, visit www.atlanticstreetcapital.com. You can read the original press release here. Atlantic Street Capital, a private equity firm that invests in lower middle market companies to unlock equity value through an operationally intensive investment approach, today announced an agreement to increase its investment in its portfolio company, Zips Car Wash. Offering value like no other, the Unlimited Wash Club is your golden ticket to say goodbye to the days of sludge, scum, and stains at . Funding Stage Private Equity. Zips Express Wash Receives Strategic Growth-Focused Investment From Atlantic Street Capital. Organization Name . Their most recent acquisition was Rocket Express Car Wash on Dec 15, 2021. In the next five years, some industry advisers expect that to change. Zips Car Wash has acquired 2 organizations. Overview. With the Unlimited Wash Club at Zips, you really can wash your car as many times a month as you want! Consistently delivering on our promise: "Clean, Shiny and Dry in 4 Minutes" By. May 14, 2020. To put a figure to that number, Jeff Pavone, principal and partner at Commercial Plus LLC and CP Capital Advisory Services, estimates that just under 1,000 . Private Equity Round - Zips Car Wash . CATEGORY: Car Wash Equipment Showing: 7 results for Car Wash Equipment near Provo, UT. Atlantic Street Capital has made an investment in Little Rock, Arkansas-based Zips Car Wash, a car wash operator. Mr. New Car Dealers. The transaction allows ASC to acquire equity from founding . Announced . Mr. Overman will remain majority owner of the business. The transaction allows ASC to acquire equity from founding . Atlantic Street Capital, a private equity firm that invests in lower middle market companies to unlock equity value through an operationally intensive investment approach, today announced an agreement to increase its investment in its portfolio company, Zips Car Wash. CATEGORY: Car Wash Showing: 147 results for Car Wash near Provo, UT. And for just $15, we'll even give you one month to try our membership out - just like a new pair of jeans. Search Crunchbase. Categories. And, you have also probably heard about the juicy multiples on EBITDA that many owners have received. About Atlantic Street Capital Atlantic Street Capital is a private equity firm that invests in lower middle . Organization Name Zips Car Wash Announced Date May 13, 2020 Funding Type Private Equity Funding Stage Private Equity Lead Investors Atlantic Street Capital Atlantic Street Capital Management, LLC is a private equity firm specializing in lower middle market companies in buyouts, Investors Number of Investors 1 Number of Partner Investors 2 Filter Your Search: Service Area. Founded in . Serving my area. Atlantic Street Capital (ASC), a private equity firm that invests in lower middle market companies, is to increase its investment in portfolio company, Zips Car Wash (Zips). In this Newsmakers interview, Associate Publisher - Editorial Rich DiPaolo interviews Brett Overman, founder and CEO of Zips Car Wash, about the company's recent partnership with private equity firm Atlantic Street Capital and what the partnership means for Zips' future. -. NEW YORK — Atlantic Street Capital, a private equity firm targeting entrepreneurial businesses poised for the next level of growth, has announced its partnership with Brett Overman and growth investment in Zips Car Wash, one of the largest express tunnel carwash operators in the U.S., according to a press release. Offering value like no other, the Unlimited Wash Club is your golden ticket to say goodbye to the days of sludge, scum, and stains at . BlackArch . Zips has over 1,400. 13 May 2020. Funding Type Private Equity. General Contractor. Little Rock, Arkansas-based Zips was founded in 2003 by CEO Brett Overman and has more than 1,400 employees. Zips Car Wash has raised a total of — in funding over 1 round. Atlantic Street Capital ("Atlantic Street" or "ASC"), a private equity firm that invests in lower middle market companies to unlock equity value through an operationally intensive investment approach, today announced an agreement to increase its investment in its portfolio company, Zips Car Wash ("Zips"). As recently as June 2019, private equity owned about 1% of the nation's 65,000 total car washes and 2% of the country's roughly 17,000 conveyor-style car washes, according to data from one of the industry's dedicated brokerages, New York-based Car Wash Advisory LLC. Serving my area. The firm is currently making investments in Atlantic Street Capital IV, LP. Save . 00:00. Ceresnak and the B+E team closed seven net lease car wash transactions totaling $35 million during the second half of 2021. Products. NEW YORK, May 13, 2020 /PRNewswire/ -- Atlantic Street Capital, a private equity firm targeting . Zips Car Wash . ZIPS Car Wash continues growth momentum with investment from Atlantic Street Capital By PCD Staff on May 19, 2022 NEW YORK — Atlantic Street Capital (ASC), a private equity firm that invests in lower middle market companies, recently announced an agreement to increase its investment in its portfolio company, ZIPS Car Wash, a press release stated. These three chains have cumulatively gobbled up the lion's share of private equity investments in the U.S. carwash market with an estimated 75% of total acquisitions, and they now hold over 750 locations combined.
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