El Car Wash Acquires Downtowner Car Washes

Downtowner Car Wash was acquired by El Car Wash on Sep 24, 2024.

Deal Overview
Purchase Date
September 24, 2024
Primary State
Florida
Sites Bought
2
Sites
Deal Value
Undisclosed
Transaction Synopsis
  • El Car Wash has acquired the Downtowner Car Wash locations in Naples, Florida, expanding its presence in the region.
  • This acquisition builds upon El Car Wash’s previous purchases of Ultimate Express Car Wash and Suncoast Car Wash earlier in 2023.
  • The Downtowner Car Wash sites are located in the highly competitive Naples area, known for a strong demand for high-quality car wash services.
Market Significance
  • The acquisition enhances El Car Wash’s market share and strengthens its foothold in the Naples area, one of the most competitive markets in Southwest Florida.
  • By adding Downtowner Car Wash to its portfolio, El Car Wash solidifies its growth strategy in Southwest Florida, ensuring it can capitalize on the region’s increasing demand for express car wash services.
  • El’s growing portfolio in the region positions the company for continued market leadership and expansion in a lucrative segment of Florida's car wash industry.
Client Impact
Management Commentary