Vendor News

AMPLIFY COMPLETES THREE MULTI-SITE TRANSACTIONS

07/19/21

 

Amplify Car Wash Advisors, a national mergers and acquisitions and capital advisory firm founded by Bill Martin and Jeff Pavone, recently completed three multi-site transactions in the Southwest, Southeast, and Midwest.

Iron Skillet Partners acquired six Carmel Car Wash locations in the Dallas-area. Amplify advised Carmel and completed the transaction in early July 2021. Carmel, a full-service car wash that specializes in auto detailing, continues to operate four locations.

In addition, Driven Brands acquired Tropic Car Wash — a portfolio of seven locations in Louisiana and Florida. Amplify provided seller representation and completed the transaction in late June 2021.  

True Blue acquired eight Extreme Clean locations in the Quad Cities, Rockford, and suburbs of Chicago. This acquisition brings True Blue to 61 car washes. Amplify advised Extreme Clean on the transaction which closed in late June 2021. 

“The car wash industry is evolving rapidly, and we are seeing mergers and acquisitions on the rise nationwide as more regional and national brands are looking to scale in a market faster than ever,” said Jeff Pavone, partner at Amplify Car Wash Advisors. “This means valuations are at an all-time high and now is a great time for car wash owners to consider selling their car wash chain for maximum value.”



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