Through development of its subscription-based models, Zips Unlimited Wash Club memberships today represent a majority of revenue and contribute to strong revenue stability. 'We approach all of our investments as essential service providers,' said ASC Managing Partner, Andy Wilkins, 'helping professionalize companies, driving organic growth, and building them into industry leaders.

Atlantic Street Capital Fund IV ('ASC IV') initially invested in Zips in May 2020 and follow-on to this investment, successful organic and inorganic initiatives have increased EBITDA more than six-fold and grown total sites from 185 to 235 locations currently.ĭuring ASC's initial hold, Zips has developed into a top brand with advanced car wash technology and improved customer service. ASC installed a proven management team with a passion for driving growth, brand development and customer experience. Zips is a leading national car wash operator with over 200 locations under a single-brand concept. The transaction is expected to be completed in the second quarter.

The transaction allows ASC to acquire equity from founding shareholders and build upon an operating strategy that has already driven considerable growth. If (document.NEW YORK, /PRNewswire/ - Atlantic Street Capital ('Atlantic Street' or 'ASC'), a private equity firm that invests in lower middle market companies to unlock equity value through an operationally intensive investment approach, today announced an agreement to increase its investment in its portfolio company, Zips Car Wash ('Zips'). This product is superb, my vehicle was cleaned to a high standardīrings the car up great after washing Turtle Wax Zip Wax. I am pleased to say that it does a great job, both in cleaning the car, and also in leaving a long lasting protective shine.

I read the very positive review for this product on the Which? site, and decided to give it a try. Perfect for what I want and at a good price for normal hand washed Found very easily what I needed, great rande of items

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