El Car Wash Acquires Octopus Car Wash

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

Deal Overview
Purchase Date
September 24, 2024
Primary State
Florida
Sites Bought
1
Sites
Deal Value
Undisclosed
Transaction Synopsis
  • El Car Wash has acquired Octopus Car Wash, located in Winter Springs, expanding its portfolio in the Orlando metropolitan area.
  • This acquisition complements El Car Wash’s existing locations in Dr. Phillips and Altamonte Springs.
  • New stores are planned in Lake Nona, Boggy Creek, and Longwood, indicating a continued focus on the greater Orlando region.
Market Significance
  • The acquisition further strengthens El Car Wash’s presence in Central Florida, one of the fastest-growing car wash markets in the state.
  • It supports El’s expansion strategy in the Orlando area, where the company is positioning itself to capitalize on the region's rapid growth and demand for express car wash services.
  • The planned new store developments in nearby areas will enable El Car Wash to solidify its brand and customer base throughout Orlando.
Client Impact
Management Commentary