Woodie's Wash Shack was acquired by ZIPS Car Wash on Feb 23, 2024.

Deal Overview
Purchase Date
February 23, 2024
Primary State
Florida
Sites Bought
2
Sites
Deal Value
Undisclosed
Transaction Synopsis
  • Zips Car Wash acquired two sites from Woodies Wash Shack as part of its continued expansion in Florida.
  • The deal is part of Zips’ strategy to increase its market presence in key FL regions, adding to its portfolio of locations.
Market Significance
  • Woodies Wash Shack divested from some of its expansion plans beyond Florida, retaining its core assets within the state.
  • This move aligns with Woodies’ focus on strengthening its existing market while Zips leverages the acquisition to penetrate deeper into Florida's car wash market.
Client Impact
Management Commentary