LUV Car Wash acquires Speed Wash

Speed Wash was acquired by LUV Car Wash on Jan 05, 2022.

Deal Overview
Purchase Date
January 5, 2022
Primary State
Sites Bought
Deal Value
Transaction Synopsis
  • LUV Car Wash completes the acquisition of 5 Speed Wash car washes in the Los Angeles area
  • "Selling my business after more than 40 years was a big decision, but after meeting Darren and JT, I knew their experience and vision made them the right fit for carrying on my legacy," said Lenny Elbaum, former owner of Speed Wash. "I'm excited that I'll be able to continue developing out washes for them in the Los Angeles market."
Market Significance
  • LUV plans to drive tremendous growth in the SoCal region
  • In the next 18 to 24 months, the nationwide express car wash platform expects to establish over 60 locations in Southern California.
Client Impact
Management Commentary