The Rain Tunnel Car Spa was acquired by Champion Xpress Carwash on Dec 01, 2021.

Deal Overview
Purchase Date
December 1, 2021
Primary State
New Mexico
Sites Bought
4
Sites
Deal Value
Undisclosed
Transaction Synopsis

Champion Xpress performs a huge transaction of purchasing four sites from Rain Tunnel Car Spa.

Market Significance

Per Michael Murray, CEO of Champion Xpress Car Wash, New Mexico is a key market that parallels with the brand's strategic growth strategy. Such an acquisition gives the family-owned and operated business a firm hold in Albuquerque as it looks to grow across the entire and surrounding states.

Client Impact
Management Commentary