El Car Wash Acquires Southern Palms Car Wash

Southern Palms Car Wash was acquired by El Car Wash on May 20, 2023.

Deal Overview
Purchase Date
May 20, 2023
Primary State
Sites Bought
Deal Value
Transaction Synopsis
  • El Car Wash has expanded its footprint in Palm Beach County by acquiring two Southern Palms Car Wash locations.
  • "Southern Palms Car Wash is a strategic asset and a high-quality business that increases El Car Wash's store density within one of our core markets allowing us to better serve this market. The acquisition perfectly complements our existing footprint and reinforces our market position in advance of additional near-term openings in the neighboring Delray, Lake Worth, Loxahatchee Groves, Wellington and Lantana communities" stated Geoffrey Karas and Justin Landau, the co-CEOs of El Car Wash.

Market Significance
  • El Car Wash has over 30 operating stores, including nine in the Palm Beach market providing a convenient network of locations in Palm Beach County. 
  • El Car Wash's operating locations, in conjunction with its sites under development, will expand the company's footprint to over 60 locations in the coming months.

Client Impact
Management Commentary