El Car Wash acquires Bill’s Car Wash

Bill's Car Wash was acquired by El Car Wash on Jan 26, 2023.

OverviewMarketImpactCommentary
Deal Overview
Purchase Date
January 26, 2023
Primary State
Florida
Sites Bought
3
Sites
Deal Value
Undisclosed
Transaction Synopsis

El Car Wash has expanded into Brevard County, Florida, and the greater Orlando market with the acquisition of three Bill's Car Wash locations. The management team of El Car Wash plans to invest substantial capital in order to convert the Bill's Car Wash location to the El Car Wash brand.

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Market Significance
  • With this acquisition, El Car Wash now operates 25 locations with an additional 25+ car wash sites in development across the state of Florida.
  • El Car Wash plans to continue expanding its footprint through both the development of greenfield locations as well as the acquisition of existing car washes
Client Impact

This purchase reflects the strategy of El Car Wash to expand up the I-95 corridor, starting in Miami through Palm Beach, and going even further north with their most recent purchase of Brevard-county based Bill's Car Wash.

Management Commentary

“We are thrilled to acquire the best carwash company in Brevard County, founded by the late Bill Walker. Bill was a thought leader in the industry for over 20 years and the philosophy and strong cultural foundation he established with his business partner, Mike Hill, continues on today across the organization. We look forward to our partnership with Mike and the incredibly talented team to further Bill’s vision and spearhead our growth into the greater Orlando market."

Justin Landau and Geoffrey Karas, co-CEOs of El Car WashJustin Landau and Geoffrey Karas, co-CEOs of El Car Wash
Justin Landau and Geoffrey Karas, co-CEOs of El Car Wash