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New York Firm Invests in Zips Car Wash

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Atlantic Street Capital, a New York-based private equity firm, announced Wednesday a partnership with Brett Overman and an investment in Zips Car Wash of Little Rock.

The two did not disclose the financial details of this transaction.

Founded in 2003 by Overman, Zips has 185 locations across 17 states in the South, Southeast and Mid-Atlantic. The company has more than 1,400 employees, and CEO Overman will remain its majority owner.

“We couldn’t be more excited to partner with Atlantic Street’s investment and operations teams. Atlantic Street has considerable experience growing multi-unit, subscription-based retail platforms and driving well-run consolidations,” he said. “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.”

Andy Wilkins, managing partner of Atlantic Street Capital, said, “Brett has built a tremendous brand and corporate culture focused on delivering consistent, high-speed customer service at an attractive price point. Zips is a strong national platform that we look forward to helping continue to build with Brett and his team.”

Phil Druce, partner at Atlantic Street Capital, added that Atlantic Street has been seeking an opportunity in the express car wash market for several years. 

“We’re thrilled to have found a great partner in Brett and platform in Zips as we look to build the brand to over 500 locations,” Druce said.

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