Zips Car Wash completed the acquisition of Boomerang Car Wash, a 31-site package.
At the time, this was the largest single-company transaction in the history of the car wash industry.
“We’re excited to announce that the entire Boomerang management team is staying onboard with Zips,” Overman stated. “Boomerang is a great company, and James Burks has done a fabulous job leading Boomerang to its position as one of the country’s most respected car wash organizations."
Market Significance
This acquisition took Zips from 23 to 54 sites, making it the third largest conveyor or tunnel car wash chain.