USA: Caliber Car Wash acquires Q Car Wash and expands into Texas
The firm will operate as part of the Caliber platform across the Southern region of the country as part of the expansion strategy elaborated by the buyer’s owner.
Caliber Car Wash has acquired Q Car Wash, one of the largest car wash businesses in the Dallas-Fort Worth metroplex. The combined company will be in charge of operating facilities in markets across the Southern United States.
As part of the Caliber platform, Q Wash will leverage Caliber's operational capabilities and resources to continue offering quality and convenience to its loyal customers. Caliber is backed by Percheron Capital, a private equity firm focused on partnering with high-quality essential services businesses. Financial terms of the transaction were not disclosed.
"I am extremely proud of our exceptional team, which is dedicated to providing the highest-caliber car wash services with a customer-first approach and an industry-leading value proposition. We have long admired Q Wash's culture of operational excellence, outstanding team members and strong market position in the attractive Dallas-Fort Worth area,” said Danny York, Chief Executive Officer of Caliber.
Caliber expects continued growth over the coming years due to the growing demand for express car wash services and the accelerating adoption of subscription car wash programs. Percheron announced the acquisition of the firm back in December and, since then, has been working on the expansion of its services across the country.
“This transaction creates new and exciting opportunities for our team members as we continue to rapidly grow the company through organic growth, greenfield developments and acquisitions of other high-quality operators," added York.
