TLDR:
- Plano-based Zips Car Wash receives a $70 million investment from Atlantic Street Capital.
- Zips operates 280 locations across 25 states and moved its corporate office to Plano in 2020.
Plano-based Zips Car Wash has secured a $70 million investment from Atlantic Street Capital, a private equity firm known for its hands-on approach with lower middle-market companies. The capital infusion aims to support Zips’ operating strategy, enhance member experience, and improve wash quality. Zips describes itself as the “largest privately held car wash operator in the U.S.” With about 280 locations across 25 states, the company has seen significant growth in the past eight years through acquisitions and development. Zips partnered with the PE firm in 2020, relocating its corporate office to Plano to better support its growing portfolio and expanding network of car washes.
Since Gene Dinkens became CEO of Zips Car Wash in October 2021, the company has been focused on aggressive growth. Dinkens, who has over 30 years of experience in other industries, has leveraged best practices to improve Zips’ business model and daily operations. Under his leadership, Zips has implemented advanced communication tools and industry-leading technology to enhance customer experience. The company has standardized its car washes’ look and added ceramic products to all sites in 2021, ensuring consistency and high quality across all locations.
Zips Car Wash is celebrating its 20th anniversary and launching several community initiatives, including supporting the charity Folds of Honor, which assists military families. As the company continues to grow, it remains focused on innovation, strategic acquisitions, and development to maintain its position as a dominant force in the car wash industry.
