Serving my area. 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. Zips Car Wash has acquired 2 organizations. May 19, 2022. Solutions. By. The state of private equity. May 17, 2022. Funding Type Private Equity. Categories. The firm is currently making investments in Atlantic Street Capital IV, LP. In the next five years, some industry advisers expect that to change. 1. You can read the original press release here. The transactions traded at cap rates ranging from 5.5 percent to 6.5 . Products. 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. With the Unlimited Wash Club at Zips, you really can wash your car as many times a month as you want! Zips has over 1,400. Little Rock, Arkansas-based Zips was founded in 2003 by CEO Brett Overman and has more than 1,400 employees. Truck Wash Equipment. 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. You will want to make sure the one you select is the type of car wash you're looking for of course. Private Equity Round - Zips Car Wash . Organization Name . Search Crunchbase. The transaction allows ASC to acquire equity from founding . 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"). Zips Car Wash raised an undisclosed amount on 2020-05-13 in Private Equity Round. Organization Name. Zips Car Wash has raised a total of — in funding over 1 round. Serving my area. Used Car Dealers. Auto Detailing. 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 . Contacts: For Zips Car Wash Sarah Elizabeth Falanga. Resources. Chrome Extension. CATEGORY: Car Wash Equipment Showing: 7 results for Car Wash Equipment near Provo, UT. Lube Service. 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. NEW YORK, May 13, 2020 /PRNewswire/ -- Atlantic Street Capital, a private equity firm targeting . 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. 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 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 Announced . Filter Your Search: Service Area. 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. Funding Stage Private Equity. "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. The transaction allows ASC to acquire equity from founding . Resources. 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. Summary. Save . May 14, 2020. The transaction allows ASC to acquire equity from founding shareholders and build upon an operating strategy that has already driven considerable growth. 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. -. Mr. Zips Car Wash also offers free self-serve vacuums and Unlimited Wash Club Memberships. 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 . 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 . 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. Founded in . 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. This was a Private Equity round raised on May 13, 2020. 17/05/2022 - 10:37am. 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. Pricing. Edit Overview Section. Atlantic Street Capital has made an investment in Little Rock, Arkansas-based Zips Car Wash, a car wash operator. Zips has over 1,400 employees and is based in Little Rock, Arkansas. Little Rock, Arkansas-based Zips was founded in 2003 by CEO Brett Overman and has more than 1,400 employees. 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. The co-owner of Louisiana-based Benny's Car Wash reflects on market trends over the past few years. Mr. Overman will remain majority owner of the business. Overview. And for just $15, we'll even give you one month to try our membership out - just like a new pair of jeans. The transaction allows ASC to acquire equity from founding shareholders and build upon an . In the next five years, some industry advisers expect that to change. Announced Date May 17, 2022. Zips Express Wash Receives Strategic Growth-Focused Investment From Atlantic Street Capital. Zips is among the fastest growing express car wash chains in the country, operating 235 locations . 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. New Car Dealers. Start Free Trial . For more information, visit www.atlanticstreetcapital.com. Edit Overview Section. on. Log In. 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 . 00:00. 13 May 2020. 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 And, you have also probably heard about the juicy multiples on EBITDA that many owners have received. 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 . General Contractor. Their most recent acquisition was Rocket Express Car Wash on Dec 15, 2021. 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. 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) With the Unlimited Wash Club at Zips, you really can wash your car as many times a month as you want! Zips Car Wash is funded by Atlantic Street Capital. No financial terms were disclosed. Zips, headquartered in Plano, Texas, is the largest privately held car wash operator nationwide. 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). 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. Zips Express Wash Receives Strategic Growth-Focused Investment From Atlantic Street Capital. Zips Car Wash . The transaction allows ASC to acquire equity from founding shareholders and build upon an . America's Longest, Fastest and Best Equipped Car Washes. About Atlantic Street Capital Atlantic Street Capital is a private equity firm that invests in lower middle . And for just $15, we'll even give you one month to try our membership out - just like a new pair of jeans. PRESS RELEASE. $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 Car Wash. Iris Dorbian. Ceresnak and the B+E team closed seven net lease car wash transactions totaling $35 million during the second half of 2021. As a successful operator, Justin reflects on COVID-19 related . Filter Your Search: Service Area. 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. Consistently delivering on our promise: "Clean, Shiny and Dry in 4 Minutes" BlackArch . CATEGORY: Car Wash Showing: 147 results for Car Wash near Provo, UT. Categories.