Atlantic Street Capital Invests $70M in Zips Car Wash

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.

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.

El Car Wash Acquires Six ZIPS Car Wash Sites in Florida

February 12, 2025

Automotive

El Car Wash acquired six ZIPS Car Wash sites (including ZIPS Orlando locations and SPIN Car Wash Broward locations) on February 12, 2025, expanding its footprint in Florida. The deal transfers the assets, customer base and operations of the acquired sites to El Car Wash as it deepens its presence in key Florida markets.

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.

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.

ZIPS Car Wash Acquires Islands Car Wash Locations in Hilton Head, SC

June 2, 2022

Automotive

ZIPS Car Wash acquired four Islands Car Wash locations in the Hilton Head, South Carolina market (Bluffton, Hilton Head Island and Okatie), making ZIPS the largest express-only car wash chain in South Carolina. The transaction expands ZIPS' footprint in the state to 20 locations and strengthens its coastal market presence to serve both local residents and vacationers.