Jax Kar Wash Acquires Jilly’s Car Wash

Jilly's Car Wash was acquired by Jax Kar Wash on Aug 30, 2022.

OverviewMarketImpactCommentary
Deal Overview
Purchase Date
August 30, 2022
Primary State
Wisconsin
Sites Bought
4
Sites
Deal Value
Undisclosed
Transaction Synopsis
  • Jax Car Wash, who is backed by TRP Capital Partners, has successfully purchased Jilly’s Car Wash and its 4 Milwaukee-area locations. 
  • After the purchase, an Orlando-based real estate investment trust, National Retail Properties Inc., purchased the four locations for $19 million, according to state records.
Market Significance

Co-founder of Jilly’s, John Zimmerman explained that Jilly's settled on TRP because the firm agreed to let them have local control of the expansion of the brand across the region…”we saw the car wash market is booming, and we were concerned that as a private business that we might miss out on a much bigger opportunity, so we went looking for a partner to help us achieve this goal..”. 

Client Impact
Management Commentary