Articles from ZIPS Car Wash

Join ZIPS Car Wash this week as they partner with the local chambers to unveil upgraded locations across Lexington with ribbon cutting ceremonies, free car washes and free ZIPS swag. Plus, ZIPS will honor local heroes and their families with academic scholarships through their national partnership with Folds of Honor.

Zips Car Wash, LLC (together with its affiliates, collectively “ZIPS” or the “Company”), one of the largest privately held car wash operators nationwide, announced that it has agreed to the terms of a restructuring plan (the “Plan”) with a group of its existing lenders that will strengthen its balance sheet and position the Company for stability and long-term growth. Through the Plan, ZIPS expects to reduce its debt obligations by approximately $279 million and secure $15 million of new capital to support the restructured business and future strategic initiatives.

ZIPS Car Wash (www.zipscarwash.com) announced today the second acquisition of a Fast Trac Car Wash location, now in Rockmart, Georgia. With this acquisition, ZIPS Car Wash now owns and operates 12 locations across north Georgia and over 230 locations across the country.

ZIPS Car Wash (www.zipscarwash.com) announced today two single site acquisitions from Heroes Car Wash in Holly Springs, NC, and from Rocket Wash Express in Goldsboro, NC. ZIPS now operates 32 locations across North Carolina, becoming one of the largest, privately-held express car wash operators in the state. ZIPS now operates more than 225 express car washes across 22 states.