ModWash acquires Five Sites from Zips

ZIPS Car Wash was acquired by ModWash on Nov 05, 2020.

Deal Overview
Purchase Date
November 5, 2020
Primary State
North Carolina
Sites Bought
Deal Value
Transaction Synopsis
  • ModWash successfully completes acquisition of five sites from large express platform Zips Car Wash.
  • Two locations, Stanford and Winston-Salem, North Carolina, were previously open and operating as Zips Express while the locations in Moon, Pennsylvania, Wilkins, Pennsylvania, and Eden, North Carolina, will be opening for the first time under the ModWash brand, the release stated.
Market Significance

These new acquisitions are part of the ModWash’s rapid, strategic growth plan, deploying over $200 million in capital over the course of 24 month

Client Impact
Management Commentary