LUV Car Wash Acquires Vermont Handwash

• LUV Car Wash acquired three independent, family-owned car wash locations in the Greater Los Angeles area: Vermont Handwash (Los Angeles), American Express Car Wash (Los Angeles), and Century Car Wash (Inglewood).
• The acquisition of these three sites brings LUV Car Wash's operational footprint in the Los Angeles region to a total of 20 locations, solidifying its position as one of the largest express networks in the area.
• Following the acquisition, LUV intends to fully integrate these legacy sites by overhauling tunnel equipment, installing advanced wash technology, refreshing the branding, and standardizing customer amenities to match their express network model.

These acquisitions highlight a strong strategy of localized densification in the highly competitive Southern California market, allowing LUV Car Wash to build critical mass and offer a more robust network for its subscription members. By purchasing established, legacy operations and upgrading them with modern technology and express-model efficiencies, LUV can rapidly increase throughput and profitability without the long development timelines associated with greenfield construction. This transaction also demonstrates the ongoing industry trend of well-capitalized, multi-site platforms successfully rolling up independent, single-site operators who are seeking trusted exit partners.