The International Car Wash Group (ICWG) has announced the acquisition of TLC Xpress Carwash, a family-owned and operated staple of the Fayetteville, NC community. With the acquisition of this seven-property chain, ICWG enters the highly desirable North Carolina market for the first time. All TLC Xpress sites will be rebranded as Car Wash USA Express, one of the largest express car wash businesses in the South and growing rapidly.
North Carolina’s sixth largest city, Fayetteville is best known as the home of Fort Bragg and Pope Air Force Base. It is also becoming an attractive retirement destination. The acquisition of TLC Xpress provides ICWG a good foothold in this mid-sized market and the opportunity to build on well-established community and employee relationships.
“North Carolina has been on the radar for quite some time. We are very excited to bring these seven car wash sites into the ICWG family,” said Jeff Maize, senior vice president, acquisitions, ICWG. “The owners, a mother and son team, have built a very strong brand and we are proud that they have selected ICWG to keep their legacy alive.”
For Diane and Thomas Deering, the mother and son sellers, the transaction with ICWG is ideal. Diane will be retiring, and Thomas will remain on board. Many of the TLC employees have also been offered the opportunity to stay on in their current positions. “We know our customers are in great hands,” said Thomas Deering.
“We look forward to offering the Fayetteville community the best car wash service possible. Fully leveraging Thomas’s depth of experience along with the TLC employees on our team, we are confident these sites will continue to grow significantly,” added Tom Mangas, CEO, ICWG.