Whitewater Express Car Wash acquires Classic Auto Spa

Classic Auto Spa was acquired by WhiteWater Express Car Wash on Nov 22, 2022.

OverviewMarketImpactCommentary
Deal Overview
Purchase Date
November 22, 2022
Primary State
Louisiana
Sites Bought
3
Sites
Deal Value
Undisclosed
Transaction Synopsis
  • This is WhiteWater’s second major acquisition within the Louisiana market this year, expanding the company’s footprint in the state to 10 locations and counting.
  • The Classic Auto Spa sites will have WhiteWater’s signature services, unlimited monthly plans, complimentary customer amenities with every wash as well as create new career opportunities for the team
Market Significance
  • This is WhiteWater’s second major acquisition within the Louisiana market this year, expanding the company’s footprint in the state to 10 locations and counting.
  • The acquisition of all three Classic Auto Spa locations (Lafayette, Broussard, and Carencro), brings WhiteWater’s growth to 83 washes across six states and 12 MSAs.
  • WhiteWater is actively pursuing its growth strategy in both existing and new markets for greenfield development and acquisitions.
Client Impact

WhiteWater will be onboarding Classic Auto Spa employees and rebranding each location under the WhiteWater Express banner in the coming months, along with offering new customer specials and promotions at all three locations.

Management Commentary

“When it was time to sell our carwashes, we wanted a buyer with a strong reputation in the industry — one that would utilize our dedicated staff and continue to bring new carwash innovations to the Lafayette market. WhiteWater Express Car Wash is known for being a great place to work with unlimited career opportunities. These qualities, combined with the company’s strong operational background, made WhiteWater the obvious choice for us,”

Mark VevericaMark Veverica
Mark Veverica