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International Car Wash Group (ICWG) Acquires H2O and Wild Blue Car Wash Sites in Colorado

DENVER--(BUSINESS WIRE)--

-- Expansion Contributes to Growth in HQ State --

The International Car Wash Group (ICWG), the world’s largest local car wash company, today announced the expansion of its Colorado presence with the acquisition of four car wash sites in the Metro Denver and Colorado Springs areas.

ICWG is purchasing three sites -- two in Colorado Springs and one in Aurora -- from Wild Blue Car Wash. It is also acquiring a single site in Highlands Ranch from H2O Car Wash. All four properties will be rebranded as Car Wash USA Express, one of three sub-brands owned and operated by ICWG. With these acquisitions, Car Wash USA’s presence will reach 15 locations in the state of Colorado. A 16th site is currently beginning construction in Brighton. In keeping with ICWG’s deep commitment to employee retention, all employees from the purchased properties are being invited to stay on in their current roles.

“These acquisitions were attractive to us because they are very well run and successful businesses,” said Jeff Maize, SVP of Acquisitions, ICWG. “They are also strategic to our growth in Colorado and will help us scale our business here to new heights.”

“We were drawn to ICWG because they made it easy to structure a deal that works well for both of us,” said David Begin, Managing Partner, Wild Blue Car Wash. “We were also impressed by their track record for integrating companies and employees into their family of brands.”

“We knew from the outset that ICWG was really fair to deal with and that made them the right choice for us to sell to,” added Hayden Shamburger, Managing Partner, H2O Car Wash.

ICWG’s international headquarters since 2018, Colorado has consistently been ranked as one of the healthiest state economies in the country, with steady growth and employment. The company’s current expansion here reflects its emphasis on meeting the needs of car-owning consumers by providing them with convenient access to top-quality service and the newest innovations in car care.

“We’re committed to serving the US market and providing customers in Colorado, and across the country, with the most satisfying car wash experience,” added Tom Mangas, CEO, ICWG. “To us that means staying focused on ways we can continuously improve and evolve the car wash, from hassle-free service to improved products for maintaining and protecting cars.”

ICWG also counts Goo-Goo Express and Supersonic Car Wash among its family of brands. Owing to its size and depth of experience, ICWG is uniquely able to leverage its rich know-how and strong economies of scale to invest in its portfolio companies and employees while enhancing operational efficiency.

About International Car Wash Group (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 900 locations in 14 countries across US, Europe and Australia, with 150 US venues. The Company was founded in Germany in 1965 under the IMO brand, the name still used at its non-US locations. 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

View source version on businesswire.com: https://www.businesswire.com/news/home/20190904005859/en/