El Car Wash acquires Ultimate Express

Ultimate Express Car Wash was acquired by El Car Wash on Nov 17, 2023.

Deal Overview
Purchase Date
November 17, 2023
Primary State
Sites Bought
Deal Value
Transaction Synopsis
  • El Car Wash has completed the acquisition of the two Ultimate Express Car Wash locations in Naples and Fort Myers, along with their talented team. 
  • The company plans to invest a significant amount of capital to upgrade the Ultimate Express sites and introduce proprietary advancements to enhance the wash quality and customer experience, which are the hallmarks of the business

Market Significance
  • After the acquisition of Ultimate Express, El Car Wash now operates 40 locations with an additional 40+ sites in development across Florida and Michigan. The company plans to expand its footprint through both greenfield development and acquisitions of existing carwashes
  • El Car Wash has announced that they will be merging Ultimate Express into their current unlimited membership programs. This will allow both current and future members to have access to all of El Car Wash’s 75+ current and future locations

Client Impact
Management Commentary