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Amplify Car Wash Advisors facilitates acquisition of Fuller’s Car Wash, Clean Getaway, and Splish Splash Car Wash by Sparkle Express Car Wash

Apr 26, 2024•about 1 year ago

Acquiring Company

Sparkle Express Car Wash Group

Acquired Company

Fuller’s Car Wash Clean Getaway and Splish Splash Car Wash

Madhya PradeshMadhya Pradesh

Description

Amplify Car Wash Advisors, a nationwide firm specializing in mergers and acquisitions and capital advisory services, played a crucial role in advising the acquisition of Fuller’s Car Wash, Clean Getaway, and Splish Splash Car Wash by Sparkle Express Car Wash. These acquisitions mark Sparkle Express Car Wash’s entry into the express carwash industry, with positive outcomes for both the buyer and sellers.

Company Information

Company

Sparkle Express Car Wash Group

Location

Madhya Pradesh, India

About

Sparkle Express Car Wash Group is a new membership-based express carwash brand headquartered in Chicago with locations across Georgia, South Carolina, and Illinois. Representing the business combination of 19 separate unit acquisitions, Sparkle provides washes to more than three million customers every year and is led by industry veteran Andrew Goldberger.

M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed