Peterson Partners Backs WashU Car Wash

WashU Car Wash was acquired by Peterson Partners on Dec 02, 2021.

Deal Overview
Purchase Date
December 2, 2021
Primary State
Sites Bought
Deal Value
Transaction Synopsis
  • Peterson Private Equity has announced that it has invested in WashU, a Chicago-area-based car wash operator.
  • WashU will maintain its leadership under a seasoned team with extensive industry expertise. Co-founder Craig Nelson will assume the roles of COO and CFO, responsible for corporate operations and financial reporting. Nelson brings over three decades of experience in the automotive service sector, including a prior position as COO of NASCAR Car Wash. 
  • Co-founder Steve Timmer will spearhead business development and car wash operations, leveraging his extensive background in establishing, managing, and acquiring more than 22 car wash locations. Co-founder Donald Tomich will take charge of construction and business planning, while Michael Timmer will oversee day-to-day operations in his role as Director of Wash Operations.
Market Significance

Peterson's investment is poised to fuel WashU's expansion into fresh markets and enhance its presence in current markets, in response to the escalating demand for express car wash services. This expansion strategy encompasses both the development of new locations and the acquisition of existing ones.

Client Impact
Management Commentary