Raceway Car Wash Acquires Grand Prix Car Wash

Grand Prix Car Wash was acquired by Raceway Express Car Wash on Aug 20, 2024.

OverviewMarketImpactCommentary
Deal Overview
Purchase Date
August 20, 2024
Primary State
California
Sites Bought
1
Sites
Deal Value
Undisclosed
Transaction Synopsis

Raceway Car Wash expansion into California continues with the acquisition of Grand Prix Car Wash in Palm Desert, CA.

Market Significance
  • This addition enhances Raceways’ footprint in California, increasing their total number of locations to six, including a second in the Palm Springs market.
  • The sale makes Raceway Car Wash the 37th-largest car wash operator in the country and fifth largest headquartered in Arizona.

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Client Impact
Management Commentary

“We have long admired Grand Prix Car Wash, and we are excited to welcome it to the Raceway family. Expanding into Palm Desert reflects our commitment to enhancing our offerings and strengthening our presence in Southern California. We look forward to offering our guests even more convenience and flexibility with this new location."

Andrew Schell, COO and Director of M&A of Raceway Car WashAndrew Schell, COO and Director of M&A of Raceway Car Wash
Andrew Schell, COO and Director of M&A of Raceway Car Wash