Atlantic Street Capital's $70 Million Investment Elevates Zips Car Wash to New Heights
June 20, 2024, 3:44 am
Location: United States, Arkansas, Jonesboro
Employees: 201-500
Founded date: 2004
Total raised: $70M
In a strategic move to bolster Zips Car Wash's position in the market, Atlantic Street Capital, a renowned private equity firm, has infused a substantial $70 million investment into the company. This financial injection is aimed at not only enhancing Zips' operational efficiency but also elevating the overall customer experience, strengthening the leadership team, and improving the quality of car wash services provided.
Zips Car Wash, headquartered in Plano, TX, has established itself as a prominent player in the express tunnel wash industry, operating more than 270 locations across 20+ states under the brands Zips Car Wash, Rocket Express Car Wash, and Jet Brite Car Wash. Over the past few years, Zips has experienced remarkable growth, largely attributed to strategic acquisitions, development initiatives, and a focus on expanding its loyal customer base.
Atlantic Street Capital's initial investment in Zips dates back to 2020, and with this recent infusion of funds, the private equity firm aims to further solidify its partnership with the car wash company. By acquiring additional equity from founding shareholders through a continuation fund in 2022, Atlantic Street Capital has demonstrated its commitment to supporting Zips' growth trajectory and operational enhancements.
Since the inception of the partnership in 2020, Zips Car Wash has embarked on a journey of expansion, equipment upgrades, simplification of membership offerings, enhancement of wash quality, and integration of cutting-edge technology to deliver an unparalleled consumer experience. This relentless pursuit of excellence has positioned Zips as a frontrunner in the competitive car wash industry, setting new standards for service quality and customer satisfaction.
With the infusion of $70 million from Atlantic Street Capital, Zips Car Wash is poised to accelerate its growth, redefine the membership experience, and capture the attention of consumers in a rapidly evolving market landscape. The investment not only signifies a vote of confidence in Zips' potential but also underscores the strategic vision of both companies to innovate, adapt, and thrive in an increasingly competitive business environment.
In the words of ASC Managing Partner, Andy Wilkins, "Express-only car wash chains are a great place to invest, yet face challenging consumer trends that need to be addressed by Zips and the industry at large. This capital is critical for Zips' efforts to think beyond existing industry strategies to accelerate growth, define membership experience, and capture retail attention."
As Zips Car Wash embarks on this new chapter of growth and innovation, fueled by Atlantic Street Capital's substantial investment, the company is poised to redefine industry standards, elevate customer satisfaction, and solidify its position as a leader in the car wash sector.
Zips Car Wash, headquartered in Plano, TX, has established itself as a prominent player in the express tunnel wash industry, operating more than 270 locations across 20+ states under the brands Zips Car Wash, Rocket Express Car Wash, and Jet Brite Car Wash. Over the past few years, Zips has experienced remarkable growth, largely attributed to strategic acquisitions, development initiatives, and a focus on expanding its loyal customer base.
Atlantic Street Capital's initial investment in Zips dates back to 2020, and with this recent infusion of funds, the private equity firm aims to further solidify its partnership with the car wash company. By acquiring additional equity from founding shareholders through a continuation fund in 2022, Atlantic Street Capital has demonstrated its commitment to supporting Zips' growth trajectory and operational enhancements.
Since the inception of the partnership in 2020, Zips Car Wash has embarked on a journey of expansion, equipment upgrades, simplification of membership offerings, enhancement of wash quality, and integration of cutting-edge technology to deliver an unparalleled consumer experience. This relentless pursuit of excellence has positioned Zips as a frontrunner in the competitive car wash industry, setting new standards for service quality and customer satisfaction.
With the infusion of $70 million from Atlantic Street Capital, Zips Car Wash is poised to accelerate its growth, redefine the membership experience, and capture the attention of consumers in a rapidly evolving market landscape. The investment not only signifies a vote of confidence in Zips' potential but also underscores the strategic vision of both companies to innovate, adapt, and thrive in an increasingly competitive business environment.
In the words of ASC Managing Partner, Andy Wilkins, "Express-only car wash chains are a great place to invest, yet face challenging consumer trends that need to be addressed by Zips and the industry at large. This capital is critical for Zips' efforts to think beyond existing industry strategies to accelerate growth, define membership experience, and capture retail attention."
As Zips Car Wash embarks on this new chapter of growth and innovation, fueled by Atlantic Street Capital's substantial investment, the company is poised to redefine industry standards, elevate customer satisfaction, and solidify its position as a leader in the car wash sector.