Atlantic Street Capital and ICG Reinvest in Zips Car Wash
May 17, 2022
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.
- Buyers
- Atlantic Street Capital, ICG
- Targets
- Zips Car Wash
- Sellers
- Founding shareholders
- Industry
- Automotive
- Location
- Texas, United States
- Transaction Type
- Recapitalization
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