zips car wash private equity

Atlantic Street Capital has made an investment in Zips Car Wash in partnership with the company’s founder. 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 tunnel washes are currently owned by private equity institutional investors. Zips Car Wash General Information Description. In September 2019, Atlantic Street held a final closing of Atlantic Street Capital IV LP at its hard cap with $500 million of capital commitments. Headquartered in Charlotte, NC, BlackArch features a total of 12 industry-focused practices that cover all sectors of interest to middle-market investors; BlackArch professionals have closed more than 350 transactions in 16 countries on four continents. Zips Express Wash Receives Strategic Growth-Focused Investment From Atlantic Street Capital. headquartered in Little Rock, AR, operates 185 locations in 17 states, including Arkansas, Oklahoma, Kansas, Missouri, Illinois, Texas, Florida, North Carolina, South Carolina, Georgia, Mississippi, Louisiana, Kentucky, Indiana, Virginia and Tennessee. Zips Car Wash LLC | 733 followers on LinkedIn. Zips Car Wash, LLC provides car washing services. This strategic capital will allow us to attract and retain the best talent in the industry, as well as offer leading express car wash operators a chance to be part of the Zips family.”, “Brett has built a tremendous brand and corporate culture focused on delivering consistent, high-speed customer service at an attractive price point,” said Andy Wilkins, a managing partner at Atlantic Street. Atlantic Street has considerable experience growing multi-unit, subscription-based retail platforms and driving well-run consolidations. Zips Car Wash has received a growth-equity investment from Atlantic Street Capital. Come try our great services at any of our 185+ locations across the country for the best car wash experience out there. For more information, visit, BlackArch Partners is a leading middle-market investment bank offering a full spectrum of advisory services to financial sponsors, private companies and diversified corporations. The Company offers tire cleaning, foam polish, air drying services, and gift cards. This strategic capital will allow us to attract and retain the best talent in the industry, as well as offer leading express car wash operators a chance to be part of the Zips family.”, Andy Wilkins, Managing Partner of Atlantic Street Capital, commented, “Brett, has built a tremendous brand and corporate culture focused on delivering consistent, high-speed customer service at an attractive price point, . By building a team of extraordinary people working together in a unique, high performing culture. Zips Car Wash offers four levels of car wash packages in the convenient form of a ride-thru car wash experience. Founded Date 2004. Atlantic Street Capital’s investment team are hands-on investors who work closely with management to unlock their business’ underlying value and help them succeed. How are we doing it? Atlantic Street Capital is a private equity firm that invests in lower middle market and middle market companies that can benefit from operational resources and support. This is true whether you want to count all carwashes (as the provided infographic does) or if you only want to count conveyor washes (which roughly triples the market share). They are currently investing out of their fourth fund, raised in 2019. based in Little Rock, Arkansas. Brett Overman, Founder and CEO of Zips, said, “We couldn’t be more excited to partner with Atlantic Street’s investment and operations teams. NEW YORK, May 13, 2020 /PRNewswire/ -- 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 the U.S. “Atlantic Street has been actively seeking the right opportunity in the express car wash market for several years,” said Phil Druce, a partner at Atlantic Street. “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. 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 the U.S. Today the company has locations throughout the southeast US, offering a diverse range of products and services. Zips Car Wash has acquired 3 companies, including 3 in the last 5 years.. Zips Car Wash has acquired in 3 different US states. Zips Car Wash also offers free self-serve vacuums and Unlimited Wash Club Memberships at most locations. 4 info@zipscarwash.com www.zipscarwash.com For more information, visit www.atlanticstreetcapital.com. “Zips is a strong national platform that we look forward to helping continue to build with Brett and his team.”. Zips Car Wash has bought six in the area in the past eight months and plans to have 12 to 15 here, buying some and building others, in three years. 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. Atlantic Street Capital’s investment team are hands-on investors who work closely with management to unlock their business’ underlying value and help them succeed. 357 bsutton@eigfw.com For sales of existing car washes: Brett Overman Zips Car Wash, LLC PO Box 17080 Jonesboro, AR 72403 855.947.7927 ext. The firm is currently making investments in Atlantic Street Capital IV, LP. Atlantic Street has considerable experience growing multi-unit, subscription-based retail platforms and driving well-run consolidations. BlackArch Partners is a leading middle-market investment bank offering a full spectrum of advisory services to financial sponsors, private companies and diversified corporations. ... UK private equity house Growth Capital Partners has scored another exit from its fourth flagship fund as its continues hunting for capital for Fund V. Equity Investment Group 127 W. Berry Street, Suite 300 Fort Wayne, IN 46802 260.426.4704 ext. Get Unlimited Archive Access for $19.95 per Year Readers must pay to access articles older than 15 days. Mr. Overman remains the majority owner of the business in partnership with Atlantic Street. Atlantic Street was founded in September 2006 by Peter Shabecoff and is based in Stamford, Connecticut with an additional office in West Palm Beach, Florida. Zips Car Wash gets Connecticut investor. 5 reviews of Zips Car Wash "I would really like to leave 1 star but since my only issue with the service is one employee, I won't hurt the whole group because of one guy. Operating Status Active. 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 […] Atlantic Street Capital makes investment into car wash company Zips Express Wash 9mos ago Private Equity altassets Views: 97 Atlantic Street Capital, which backs lower middle and middle market companies, has made a strategic growth-focused investment into Zips Express Wash. - Zips Car Wash offers four levels of car wash packages in the convenient form of a ride-thru car wash experience. And we can’t wait to serve you. Contact Email info@zipscarwash.com. The latter acquired the country’s third largest conveyor-style car wash operator, Zips Car Wash, in May. Brett Overman, Founder and CEO of Zips, said, “, We couldn’t be more excited to partner with Atlantic Street’s investment and operations teams. There is a right and a wrong in the universe, and that distinction is not hard to make. The Company’s most targeted sectors include automotive (67%) and consumer services (34%).. Join Mergr and gain access to Zips Car Wash’s M&A summary, the M&A summaries of companies just like it, as well as recent M&A activity in the automotive sector. Determine whether Zips Car Wash grew or shrank during the last recession. The firm is currently making investments in Atlantic Street Capital IV, LP. A private equity firm is investing in Little Rock tunnel car wash company Zips Car Wash with an eye toward further expansion of the brand. Zips Car Wash serves customers in the United States. Private Equity Professional | May 14, 2020, Atlantic Street Invests in Zips Car Wash added by John McNulty on May 14, 2020View all posts by John McNulty →, Private equity's leading news magazine since 2007. 688. Zips Car Wash also offers free self-serve vacuums and Unlimited Wash Club Memberships at most locations. 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. Company Type For Profit. 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. Clark helped build Bubbles Car Wash before it sold to Mister Car Wash as a 13 wash platform, while Mr. Corbin helped build Boomerang Car Wash before it sold to Zips Car Wash as a 29 wash … Zips Car Wash opened its first car service in Paragould and Searcy, AR in 2004. Zips Car Wash offers four levels of car wash packages in the convenient form of a ride-thru car wash experience. Witness real estate development company Hutton Co. LLC’s investment in ModWash LLC, a Chattanooga, Tenn.-based car wash operator aiming to build 100 locations across the Southeast and Northeast by 2023. “We’re thrilled to have found a great partner in Brett and platform in Zips as we look to build the brand to over 500 locations.”. Atlantic Street Capital has made an investment in Zips Car Wash in partnership with the company’s founder. Private-equity-backed carwashes only account for a low- to mid-single-digit percentage of the carwash population in the U.S. This strategic capital will allow us to attract and retain the best talent in the industry, as well as offer leading express car wash operators a chance to be part of the Zips family.”, Andy Wilkins, Managing Partner of Atlantic Street Capital, commented, “Brett has built a tremendous brand and corporate culture focused on delivering consistent, high-speed customer service at an attractive price point. Zips Car Wash (www.zipscarwash.com) headquartered in Little Rock, AR, operates 185 locations in 17 states, including Arkansas, Oklahoma, Kansas, Missouri, Illinois, Texas, Florida, North Carolina, South Carolina, Georgia, Mississippi, Louisiana, Kentucky, Indiana, Virginia and Tennessee. Phone Number (855)947-7927. “Atlantic Street has considerable experience growing multi-unit, subscription-based retail platforms and driving well-run consolidations. BlackArch Partners was the financial advisor to Zips Car Wash on this transaction. Zips Car Wash also offers free self-serve vacuums and Unlimited Wash Club Memberships at most locations. The firm invests across a range of sectors but has a specific interest in healthcare, multi-unit retail, business services, and consumer products and services. Atlantic Street Capital makes investment into car wash company Zips Express Wash. By James haxell-May 13, 2020. With the support of Atlantic Street Capital’s premier operating network and resources, Atlantic Street Capital will facilitate the expansion of Zips’ national platform and continue to build the Zips … “We couldn’t be more excited to partner with Atlantic Street’s investment and operations teams,” said Mr. Overman. 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. Mr. Overman will remain majority owner of the business. Compare how recession-proof Zips Car Wash is relative to the industry overall. Last Funding Type Private Equity. NEW YORK, May 13, 2020 /PRNewswire/ -- Atlantic Street Capital, a private equity firm targeting entrepreneurial businesses poised for the next level of … The combination creates a top-tier car wash platform with 15 locations in Houston, Dallas, Austin and Tulsa. Contents show Here’s a list of Zips Car Wash prices: Item Price; Free Vacuums With Wash! Zips is a strong national platform that we look forward to helping continue to build with Brett and his team.”, Phil Druce, Partner at Atlantic Street Capital, added, “Atlantic Street has been actively seeking the right opportunity in the express car wash market for several years. Please visit www.blackarchpartners.com, for more details. At Zips, we’re revolutionizing the car wash industry. Zips Car Wash LLC Automotive Jonesboro, Arkansas ... Chief Operating Officer at Momentum Advisors and Founding Partner of Franklin Morgan Private Equity Fund Eleanor (Lea) Callahan. Zips Car Wash also offers free self-serve vacuums and Unlimited Wash Club Memberships at most locations. Atlantic Street invests from $15 million to $40 million in middle-market companies with EBITDA from $4 million to $15 million. SRFF | SRFF. I have my work vehicle and personal vehicle that I like to keep clean. BlackArch addresses the needs of owner-operators, founders and shareholders of private companies with specialized services that include M&A advisory, strategic advisory and private capital solutions. Please visit. Zips is a strong national platform that we look forward to helping continue to build with Brett and his team.”, Phil Druce, Partner at Atlantic Street Capital, added, “, Atlantic Street has been actively seeking the right opportunity in the express car wash market for several years. Holland & Knight Leads Car Wash Private Equity Acquisition in Texas. We’re thrilled to have found a great partner in Brett and platform in Zips as we look to build the brand to over 500 locations.”. Advertisement. Prior to joining EIG, Mr. Sutton spent five years as President of Sutton and Ramsey Real Estate & Brokerage, where he was responsible for all company real estate investment, brokerage, and land development throughout the Midwest. Mr. Overman will remain majority owner of the business. Atlantic Street’s current and former investments in companies with multi-unit operations include, PLNTF Holdings (Planet Fitness franchisee), United Veterinary Care, A Wireless (Verizon Wireless Authorized Reseller), and Lori’s Gifts. BlackArch addresses the needs of owner-operators, founders and shareholders of private companies with specialized services that include M&A advisory, strategic advisory and private capital solutions. Zips Car Wash is the second largest express tunnel car wash owner/operator in the United States. NEW YORK, May 13, 2020 – Atlantic Street Capital, a private equity firm targeting entrepreneurial businesses poised for the next level of growth, announced today … BlackArch Partners, a leading middle market investment bank based in Charlotte, NC, was retained by Zips Car Wash to serve as its exclusive financial advisor. Little Rock, Arkansas-based Zips was founded in 2003 by CEO Brett Overman and has more than 1,400 employees. The industry also has attracted real estate investors. Atlantic Street Capital is a private equity firm that invests in lower middle market and middle market companies that can benefit from operational resources and … 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. I come to the car wash every weekend and sometimes during the week. 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 the U.S. Recently Executed 10-Year Lease; Excellent Demographics; NNN Lease with No Landlord Responsibility; Outstanding Surrounding Retail ; Growing Concept - 175+ Locations in 17 States; Excellent Access and Visibility; Low Rent ; Recent Private Equity Investment MIAMI (May 2, 2019) – Holland & Knight represented WhiteWater Express Car Wash, a portfolio company of SkyKnight Capital, in its acquisition of Legends Express Car Wash. Provider of car wash services based in Arkansas, United States. In May this year, private equity firm Atlantic Street Capital announced an investment in Zips Car Wash to grow the brand to over 500 locations in the United States. NEW YORK, May 13, 2020 /PRNewswire/ -- Atlantic Street Capital, a private equity firm targeting entrepreneurial businesses poised for the next level of growth, announced today its partnership with Brett - #private-equity #HedgeMaven Zips Car Wash Forest City, NC Price: $2,057,000 | Cap Rate: 7.00% . Want the Full Article? Headquartered in Charlotte, NC, BlackArch features a total of 12 industry-focused practices that cover all sectors of interest to middle-market investors; BlackArch professionals have closed more than 350 transactions in 16 countries on four continents. Atlantic Street Capital, a New York-based private equity firm, announces a partnership with Brett Overman and growth investment in Zips Car Wash of Little Rock. The company offers four levels of car wash packages in the convenient form of a ride-thru car wash experience, delivering the clients with free self-serve vacuums and unlimited wash club memberships at most locations. About Atlantic Street Capital. About Atlantic Street Capital Atlantic Street Capital is a private equity firm that invests in lower middle market and middle market companies that … Headquarters Regions Southern US. Zips Car Wash offers four levels of car wash packages in the convenient form of a ride-thru car wash experience. We’re thrilled to have found a great partner in Brett and platform in Zips as we look to build the brand to over 500 locations.”. 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-focused tunnel car wash operators in the United States. This is useful in estimating the financial strength and credit risk of the company. Atlantic Street Capital is a private equity firm that invests in lower middle market and middle market companies that can benefit from operational resources and support.

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