Growth Capital • Automotive

Atlantic Street Capital Invests In Zips Car Wash

On May 13, 2020, private equity firm Atlantic Street Capital invested in automotive company Zips Car Wash

Investment Context
  • This is Atlantic Street Capital’s 1st transaction in the Automotive sector.
  • This is Atlantic Street Capital’s 22nd transaction in the United States.
  • This is Atlantic Street Capital’s 4th transaction in Texas.
Investment Fate
  • Zips Car Wash went bankrupt in 2025.

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Investment Summary

Date May 13, 2020
Target Zips Car Wash
Sector Automotive
Investor(s) Atlantic Street Capital
Deal Type Growth Capital
Advisor(s) BlackArch (Financial)

Target Company

Zips Car Wash

Plano, Texas, United States
Zips Car Wash offers four levels of car wash packages in the convenient form of a ride-thru car wash experience. Zips Car Wash also offers free self-serve vacuums and Unlimited Wash Club Memberships at most locations. Zips Car Wash was founded in 2004 and is based in Plano, Texas.
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Investor Overview 1

Investor

Atlantic Street Capital

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2006
PE ASSETS 2.0B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Atlantic Street Capital is an operationally focused private equity firm that partners with entrepreneurs and management teams to create value. Atlantic Street looks to acquire profitable companies where it can invest $15 to $75 million per deal. Target industries include consumer products, services, manufacturing, distribution, retail, restaurant and healthcare. Atlantic Street prefers opportunities located in the US and Canada and will only consider control situations. Atlantic Street Capital was formed in 2006 and is based in Greenwich, Connecticut.


Deal Context for Investor #
Overall 22 of 26
Sector: Automotive 1 of 1
Type: Growth Capital 2 of 2
State: Texas 4 of 5
Country: United States 22 of 26
Year: 2020 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-01-01 Anatomy IT

White Plains, New York, United States

Anatomy IT provides healthcare providers deliver patient care through technology and cybersecurity solutions. Anatomy IT is based in White Plains, New York.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-01-01 Prestige Medical Imaging

Newburgh, New York, United States

Prestige Medical Imaging is a medical imaging solutions company providing equipment service, maintenance, and support to hospitals, physician practices, ASCs, and sports teams across the U.S. Prestige Medical Imaging was founded in 2003 and is based in Newburgh, New York.

Buy -