Raceway Car Wash Acquires Landshark Car Wash

Landshark Car Wash was acquired by Raceway Express Car Wash on Aug 26, 2024.

OverviewMarketImpactCommentary
Deal Overview
Purchase Date
August 26, 2024
Primary State
Texas
Sites Bought
2
Sites
Deal Value
Undisclosed
Transaction Synopsis
  • Raceway Car Wash acquired two Landshark Car Wash locations in Carrollton and Plano, TX, as part of a broader expansion in the Dallas area.
  • The acquisition is aimed at integrating these locations into Raceway’s standardized service model, ensuring consistent, high-quality customer experiences across all sites.
Market Significance
  • The addition of Landshark Car Wash locations helps Raceway Car Wash strengthen its presence in the Texas market, bringing its total number of locations to 43 nationwide.
  • By acquiring well-positioned sites in competitive regions, Raceway Car Wash enhances its market penetration and builds upon its national membership network, offering more convenience and service access to customers.
Client Impact
Management Commentary

“For any operator who sells one site or multiple sites, it’s always a hard decision regardless of the situation; but having a buyer such as Andrew Schell and the Raceway Car Wash team, made the process extremely smooth. We wish them the best of luck and hopefully in the future we can have the opportunity to work with them again."

Robert Mixon Owner, Landshark Car WashRobert Mixon Owner, Landshark Car Wash
Robert Mixon Owner, Landshark Car Wash