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Zips Car Wash raised $70M in additional private equity funding led by Atlantic Street Capital to support its operating strategy and member experience.

Jun 10, 2024about 1 year ago

Amount Raised

$70 Million

PlanoAutomotive

Investors

Atlantic Street Capital

Description

Atlantic Street Capital, a private equity firm, made an additional $70M investment in Zips Car Wash to further support its operating strategy, member experience, leadership team, and wash quality. Zips operates more than 270 locations across 20+ states under three brands: Zips Car Wash, Rocket Express Car Wash, and Jet Brite Car Wash.

Company Information

Company

ZIPS Car Wash

Location

Plano, Texas, United States

About

ZIPS Car Wash, headquartered in Plano, Texas, is the largest privately held car wash operator nationwide, operating more than 250 locations across 24 states. In addition, Rocket Express Car Wash, part of the ZIPS brand, operates five Mega Wash locations in Idaho and Utah. With nearly 20 years of car washing experience, ZIPS prides itself on providing the highest quality express tunnel car wash in the industry. ZIPS uses the latest industry technology to provide a clean, shiny, and dry vehicle and exceptional customer experiences every day. The ZIPS team aims to positively impact the communities we live and serve in.

Funding Insights

Based on industry data
VC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech

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