Vendor News

ZIPS GARNERS INVESTMENT

05/14/20

Atlantic Street Capital, a private equity firm targeting entrepreneurial businesses poised for the next level of growth, has announced its partnership with Brett Overman and growth investment in Zips Car Wash, one of the largest express-focused tunnel car wash operators in the United States. Zips intends to build the brand to over 500 locations.

Founded in 2003 by Overman, Zips provides an express ride-through tunnel wash at its 185 locations across 17 states in the South, Southeast, and Mid-Atlantic. Zips has over 1,400 employees and is based in Little Rock, Arkansas. Overman will remain majority owner of the business.

“Atlantic Street has considerable experience growing multi-unit, subscription-based retail platforms and driving well-run consolidations. This strategic capital will allow us to attract and retain the best talent in the industry, as well as offer leading express car wash operators a chance to be part of the Zips family,” said Overman.



LATEST ISSUES

click me