Who bought Speed Wash?

LUV Car Wash acquired Speed Wash Jan 05, 2022.

LUV Car Wash Deal History

Speed Wash Deal History

Overview Market Impact Commentary

M&A History

Acquisition Date

January 5, 2022

Primary State

California

Site Quantity

Deal Value

Undisclosed

Transaction Synopsis

LUV Car Wash completes the acquisition of 5 Speed Wash car washes in the Los Angeles area.

Market Significance

LUV plans to drive tremendous growth in the SoCal region.
In the next 18 to 24 months, the nationwide express car wash platform expects to establish over 60 locations in Southern California.

Client Impact

Management Quote

"Selling my business after more than 40 years was a big decision, but after meeting Darren and JT, I knew their experience and vision made them the right fit for carrying on my legacy. I'm excited that I'll be able to continue developing out washes for them in the Los Angeles market."

said Lenny Elbaum, former owner of Speed Wash

Who bought Speed Wash?

LUV Car Wash acquired Speed Wash Jan 05, 2022.

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