Racer Classic Investments, LLC (RCI) Acquires All American Car Wash

All American Car Wash was acquired by Racer Classic Investments, LLC on Nov 22, 2021.

OverviewMarketImpactCommentary
Deal Overview
Purchase Date
November 22, 2021
Primary State
Oklahoma
Sites Bought
4
Sites
Deal Value
Undisclosed
Transaction Synopsis
  • Racer Classic Investments, LLC (RCI) has announced intentions to acquire four All American Car Wash sites in Lawton, OK and Wichita Falls, TX.
  • All American founder Larry Ayres will join RCI and “invest in RCI equity and its current and future growth.” 
Market Significance
  • RCI plans to break ground on three new facilities in Wichita Falls and Lawton in early 2022.
  • RCI operates 10 carwashes in Lubbock and Amarillo, Texas, and intends to open four new washes in San Antonio.
Client Impact
Management Commentary