Rocket Car Wash acquires The Shine Shop

Shine Shop Car Wash was acquired by Rocket Carwash on Mar 10, 2023.

OverviewMarketImpactCommentary
Deal Overview
Purchase Date
March 10, 2023
Primary State
Iowa
Sites Bought
4
Sites
Deal Value
Undisclosed
Transaction Synopsis
  • Rocket Car Wash successfully acquired Shine Shop Car Wash in the state of Iowa.
  • Despite rising interest rates, the seller and investors alike were able to receive a strong return on the sale of Shine Shop Car Wash.
Market Significance
  • Shine Shop was exclusive to Iowa, and has all Iowa locations were sold to Rocket Carwash.
  • The Shine Shop Car Wash locations are in the cities of Ankeny, Waukee, Grimes, and Johnston, Iowa.
  • Rocket Carwash aims to continue expanding their footprint in the Iowa market.
Client Impact
Management Commentary