USA: Zips Express Wash targets 500 locations with new investment

Atlantic Street Capital has reached an agreement with Zips Car Wash to invest in the car wash business.

Atlantic Street Capital, a private equity firm targeting entrepreneurial businesses poised for the next level of growth, announced an investment in Zips Car Wash, one of the largest express tunnel car wash operators in the U.S.

Founded in 2003 by Brett Overman, Zips provides an express ride-thru tunnel wash experience at its 185 locations across 17 states in the South, Southeast, and Mid-Atlantic. Zips has over 1,400 employees and is based in Little Rock, Arkansas. Brett Overman will remain majority owner of the business.

“Atlantic Street has considerable experience growing multi-unit, subscription-based retail platforms and driving well-run consolidations. 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,” said Brett Overman, Founder and CEO of Zips

With the new investment, both entities look to grow the brand to over 500 locations in the U.S.

"Atlantic Street has been actively seeking the right opportunity in the express car wash market for several years. 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,” said Phil Druce, Partner at Atlantic Street Capital.