Raceway Car Wash acquires WaterWorks Express Wash in Norwalk, CA

WaterWorks Express Car Wash was acquired by Raceway Express Car Wash on Sep 29, 2022.

OverviewMarketImpactCommentary
Deal Overview
Purchase Date
September 29, 2022
Primary State
California
Sites Bought
1
Sites
Deal Value
Undisclosed
Transaction Synopsis
  • Raceway Car Wash has successfully acquired WaterWorks Express Car Wash located in Norwalk, California. 
  • This is the 39th Raceway Car Wash location. Raceway Car Wash is located across 4 states including Arizona, California, Nevada, and Texas. 
  • The acquisition of WaterWorks Express Wash marks Raceway Car Washes' 9th car wash location in California.
Market Significance
  • Raceway Car Wash first entered the Southern California market in 2016, when it purchased its namesake location in the city of Fontana. 
  • Raceway operates 4 other car washes in Southern California, including the cities of La Quinta, Fontana, Fresno, and South Lake Tahoe.
Client Impact
Management Commentary

"We are thrilled to add another location in Southern California to better accommodate our unlimited members and guests. We look forward to continuing the growth that the WaterWorks team has put in motion. We are committed to continuing to expand and develop our presence in the California market. This addition is another step in that direction."

Raceway's COO and Director of Acquisitions, Andrew SchellRaceway's COO and Director of Acquisitions, Andrew Schell
Raceway's COO and Director of Acquisitions, Andrew Schell