AEA Investors has acquired a majority stake in Splash Car Wash to support its growth and expansion initiatives.

Target Information

Splash Car Wash, founded in 1981, is a leading car wash operator in the Northeast United States, boasting over 65 locations in Connecticut, Massachusetts, New York, and Vermont. The company has established a reputation for excellence, offering a diverse range of services, including full-service, hand-wash, express options, detailing, and other automotive care. Recognized as one of the top 20 largest car wash operators in the U.S., Splash has received numerous accolades, including the title of "Best Car Wash" from various organizations.

As the company evolves, it has announced a significant leadership change, with Dan Petrelle, who has served as COO for the past 22 years, succeeding co-founder Mark Curtis as CEO. Curtis will transition to the role of Chairman of the Board, overseeing the company's continued commitment to exceptional customer service.

Industry Overview

The car wash industry in the Northeast United States is characterized by robust growth potential, driven by increasing consumer demand for automotive maintenance and convenience. As vehicle ownership rates rise and consumers prioritize vehicle appearanc