Zips Car Wash Acquires Woodies Wash Shack

Woodie's Wash Shack was acquired by ZIPS Car Wash on Feb 23, 2024.

Deal Overview
Purchase Date
February 23, 2024
Primary State
Florida
Sites Bought
2
Sites
Deal Value
Undisclosed
Transaction Synopsis
  • Zips Car Wash acquired two sites from Woodies Wash Shack as part of its continued expansion in Florida.
  • The deal is part of Zips’ strategy to increase its market presence in key FL regions, adding to its portfolio of locations.
Market Significance
  • Woodies Wash Shack divested from some of its expansion plans beyond Florida, retaining its core assets within the state.
  • This move aligns with Woodies’ focus on strengthening its existing market while Zips leverages the acquisition to penetrate deeper into Florida's car wash market.
Client Impact
Management Commentary