DENVER--(BUSINESS WIRE)--Jan 7, 2020--
The International Car Wash Group (ICWG), the world's largest local car wash, today announced the acquisition of three well known and respected regional car wash companies. In the Waco, Texas area, Baird Brothers Express Car Wash has four locations joining ICWG. The Wash Factory includes seven locations; five in the Dallas-Fort Worth, TX metro area and two in the suburbs of Oklahoma City, OK. Finally, Your Express brings four sites in the Dallas-Fort Worth metroplex to the ICWG portfolio. These 15 sites will be a tremendous addition to the current seven Texas sites already in operation under ICWG's Car Wash USA Express brand. ICWG also has several greenfield sites under construction and development in the Texas market. According to Jeff Maize, ICWG's Senior Vice President, Acquisitions, "We were looking to significantly grow our presence in the Texas market and are fortunate to have struck deals to acquire these three important operators to give us a larger base for continued growth and expansion in both Texas and Oklahoma."
Baird Brothers Express Car Wash has been a family owned business for 10+ years and their customer service and quality wash facilities in the Waco market made for an attractive addition to the ICWG portfolio. "ICWG's professionalism and attention to details in this deal gave us confidence that our car washes and employees would be in good hands," stated Bill Baird, President of Baird Brothers Express Car Wash.
Expanding into the Dallas-Fort Worth metroplex, the most populous metropolitan area in Texas, will significantly enhance the ICWG network of car wash options for their U.S. customers. Your Express's four sites have been operating for several years and are conveniently located in both the southwest and northeast DFW suburbs. The Wash Factory's five DFW sites give ICWG the opportunity to partner with one of the most dynamic car wash teams in the region and establish a significant presence in the DFW market. Brad Mann, President of The Wash Factory, has joined the ICWG team and will help lead the continued expansion in this region.
"We went through an extremely thorough vetting process once we decided to sell. ICWG was the clear partner to give our employees the most growth opportunities," said Brad Mann, President, The Wash Factory.
Plus, an extra bonus in these acquisitions is ICWG's first expansion into Oklahoma with The Wash Factory's two sites in Norman and Edmond, OK.
"We are excited to close 2019 with the acquisition of these three terrific car wash businesses in Texas and Oklahoma which are priority markets for us. They have been built by great entrepreneurs who are leaders in the industry and have teams focused on providing a quality wash for their customers. That makes them a perfect addition to ICWG," added Tom Mangas, CEO, ICWG.
About ICWG
Headquartered in Centennial, Colorado the International Car Wash Group (ICWG) is the world's largest local car wash, cleaning more than 40 million cars a year. It operates over 925 locations in 14 countries across US, Europe and Australia, with 184 US venues. The Company was founded in Germany in 1965 under the IMO brand, the name still used at car wash sites outside of North America. ICWG entered the US market in 2015 and operates under the Car Wash USA Express, Goo-Goo Express, and Supersonic Car Wash brands. Focused on solidifying its global leadership, ICWG is committed to operational excellence and innovative customer service. It aims to be the partner of choice for employees and all car wash operators potentially interested in joining the ICWG family.
Companies interested in pursuing potential transactions with ICWG are encouraged to contact the company at: deals@icwg.com
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