ZIPS Car Wash Acquires Fast Trac Car Wash Location in Rockmart, Georgia

ZIPS Car Wash Acquires Heroes Car Wash and Rocket Wash Express Locations in North Carolina

January 19, 2022

Automotive

ZIPS Car Wash acquired single-site operations from Heroes Car Wash (Holly Springs, NC) and Rocket Wash Express (Goldsboro, NC), expanding its North Carolina footprint to 32 locations and its nationwide portfolio to more than 225 express car washes. The deals, completed in late December, advance ZIPS's strategy of market density and service for its unlimited wash club members across both metro and smaller communities in the state.

Atlantic Street Capital and ICG Reinvest in Zips Car Wash

May 17, 2022

Automotive

Atlantic Street Capital has increased its investment in portfolio company Zips Car Wash, acquiring equity from founding shareholders and rolling/increasing its GP commitment alongside lead investor ICG and other partners. The recapitalization funds continued organic growth, strengthens the leadership team, and supports Zips' strategy to expand sites and accelerate acquisitions in a fragmented car wash market.

Mammoth Holdings Acquires Two Fast Trac Car Washes in Tuscaloosa

January 7, 2021

Automotive

Atlanta-based Mammoth Holdings, a PE-backed conveyor car wash operator, acquired two express conveyor car washes from Fast Trac Express Car Wash in Tuscaloosa and Northport, Alabama. The deal expands Mammoth's Alabama footprint to 14 stores in the state; Fast Trac's founder HM Nowlin will continue to own and operate three remaining locations.

ZIPS Car Wash Acquires Jet Brite Car Wash

October 18, 2022

Automotive

ZIPS Car Wash has acquired Jet Brite Car Wash, an 11-location express tunnel car wash chain based in the Chicago area (including three sites under development), marking ZIPS’ entry into the Chicagoland market and further expanding its Midwest footprint. The deal also gives ZIPS access to the Shadow Car Wash equipment line (formerly Jet Brite Systems) and increases ZIPS’ nationwide network to nearly 275 locations across its brands.

Atlantic Street Capital Invests $70M in Zips Car Wash

June 18, 2024

Automotive

Atlantic Street Capital has made an additional $70 million investment in its portfolio company Zips Car Wash to support operating initiatives, member experience, leadership, and wash quality. The capital will be used to accelerate growth across Zips' ~270 locations and further develop its membership and equipment upgrades.

Atlantic Street Capital Makes Growth Investment in Zips Car Wash

May 13, 2020

Automotive

Atlantic Street Capital has made a growth-oriented investment in Zips Car Wash, partnering with founder Brett Overman while he remains the majority owner. The capital will support Zips' expansion of its express tunnel car wash platform (185 locations, 17 states) and efforts to grow membership and reach a target of over 500 locations.