ZIPS Car Wash was acquired by Cheetah Clean Auto Wash on Jun 16, 2025.

ZIPS Car Wash divested sites to Cheetah Clean Auto Wash on Jun 16, 2025.

Deal Overview
Purchase Date
June 16, 2025
Primary State
Kentucky
Sites Bought
2
Site(s)
Deal Value
N/A
Transaction Synopsis
  • Two ZIPS Car Wash locations (in Bowling Green and Owensboro, Kentucky) were acquired and will be rebranded and modernized under new ownership.
  • The acquiring company, Cheetah Clean Auto Wash, will integrate these sites into its portfolio, increasing its total footprint across Kentucky and Tennessee to 16 branded locations.
  • The deal includes updates and upgrades to the former ZIPS facilities - including new equipment, rebranding, and relaunch under Cheetah Clean branding - aligning them with Cheetah Clean’s standards before reopening later in 2025.

* Denotes a partial company acquisition and/or divestiture.

Market Significance

The partial acquisition of the two ZIPS locations strengthens Cheetah Clean’s market presence by expanding its footprint across key Kentucky trade areas, enhancing regional brand density. By converting established sites rather than building new ones, Cheetah Clean accelerates growth while reducing development risk and capturing existing customer traffic. This transaction also reflects the broader industry trend of regional operators scaling through targeted acquisitions to compete more effectively against national brands.

Client Impact
Management Commentary