El Car Wash Announces The Acquisition And Re-Opening Of Smart Car Wash North Miami Beach And West Palm Beach
Apr 04, 2023•over 2 years ago
Acquiring Company
El Car Wash
Acquired Company
El Car Wash
Description
El Car Wash ("ECW"), the largest and fastest growing car wash operator in Florida, completed the acquisition of Smart Car Wash and its North Miami Beach and West Palm Beach locations. Following the re-opening of these two sites, El Car Wash will operate 30 locations with an additional 30+ sites in development across Florida and plans to significantly expand its footprint through both greenfield openings and acquisitions of existing car washes. These openings will follow Palm Beach Gardens, Miramar and West Gables which all opened over the last 90 days.
M&A Insights
Based on deal dataIntegration 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