LUV Car Wash Completes Las Vegas acquisition and rebranding of All Vegas Locations

Foamy's Car Wash was acquired by LUV Car Wash on Sep 01, 2022.

OverviewMarketImpactCommentary
Deal Overview
Purchase Date
September 1, 2022
Primary State
Nevada
Sites Bought
1
Sites
Deal Value
Undisclosed
Transaction Synopsis
  • LUV Car Wash has successfully acquired Foamy’s at 5730 Jones Boulevard in Las Vegas, Nevada. 
  • This Foamy’s location was transformed into a LUV Car Wash featuring the latest technology, including license plate recognition and a belt-drive conveyor. 
  • All of LUV Car Washes acquisitions in the Las Vegas area are now branded under the LUV name.
Market Significance
  • LUV Car Wash has a seventh location slated to open in late September at 7427 Rainbow Boulevard, also in Las Vegas, Nevada. 
  • The acquisition of Foamy’s and the completion of their Rainbow Boulevard development will bring LUV Car Washes to 12 locations in the Las Vegas market. 
  • LUV currently operates 59 car washes throughout Georgia, Florida, Nevada, and California, with new locations in additional markets currently in the pipeline. 
Client Impact
Management Commentary

"We're excited to grow our brand in another major U.S. market and share more of our amazing car wash experience with the Las Vegas area. Las Vegas was the first market that we rebranded, and we have been thrilled with how the sites have turned out. We are looking forward to continuing to rebrand all our sites in each of the markets we operate in across the country. We're anticipating expanding our footprint to 10 to 12 locations in this market, and we're happy with the progress we've made. We look forward to sharing the LUV in Sin City!"