El Car Wash strengthens position in Palm Beach
With the acquisition of two Southern Palms Car Wash locations, El Car Wash has expanded its presence in Palm Beach County, Florida. El now has over 30 operating stores, including nine in the Palm Beach market.
The Southern Palms site on Southern Boulevard will convert to El Car Wash over the next few months. The new Southern Palms location in Loxahatchee Groves (also on Southern Boulevard) will open as El Car Wash later this summer.
“Southern Palms Car Wash is a strategic asset and a high-quality business that increases El Car Wash’s store density within one of our core markets allowing us to better serve this market”, state Geoffrey Karas and Justin Landau, who are co-CEOs of El Car Wash. “The acquisition perfectly complements our existing footprint and reinforces our market position in advance of additional near-term openings in the neighboring Delray, Lake Worth, Loxahatchee Groves, Wellington and Lantana communities.”
El Car Wash and Southern Palms will merge their unlimited membership programs over the coming months, allowing current and future members to have access to all El Car Wash locations. Upcoming initiatives also include special limited time promotions for new members to celebrate this partnership.
El Car Wash’s plans to expand the company’s footprint to over 60 locations in the coming months.
The company was founded in 2011 and is based in Miami. They completed a recapitalization with Warburg Pincus in 2022 and is actively seeking additional growth opportunities.