Missouri-based Club Car Wash announced Monday (Aug. 1) its entrance into the Arkansas market through the acquisition of Speedy Splash Carwash. Financial terms were not disclosed.
The deal includes 10 locations in Northwest Arkansas and one in Oklahoma. Club Car Wash’s express carwash portfolio now has 101 locations in Missouri, Kansas, Illinois, Iowa, Oklahoma, Nebraska, Arkansas and Texas. In a news release, company officials said there are plans to reach nearly 140 locations by the end of the year with acquisitions or new developments in Kentucky, Colorado, Tennessee and Wisconsin.
“We are thrilled to add Speedy Splash Carwash locations into our Club Car Wash family and to serve members in Arkansas and Oklahoma,” Rollie Bartels, CEO of Club Car Wash, said in a statement. “We look forward to continuing and improving upon the high level of service that Speedy Splash customers are accustomed to.”
The acquisition is effective immediately. All Speedy Splash locations will transition to Club Car Wash branding by year’s end.
“Cindy and I are extremely pleased with the opportunity to transition our Speedy Splash customers and employees to Club Car Wash,” Scott McLain, CEO of Speedy Splash Carwash, said in the release. “Club has a reputation for superior customer service, employee satisfaction and long-standing dedication to the communities they serve. Northwest Arkansas is getting one of the premier car wash operators in the United States, and we look forward to watching the brand grow.”
McLain is the principal of Fayetteville real estate firm The McLain Group (TMG). TMG was the development partner for Speedy Splash, headquartered in Stillwater and owned by Tony and Lori Fitch, when it started its Northwest Arkansas expansion in 2017.
In June 2019, through a separate limited liability company, TMG bought Speedy Splash’s operating assets.
Nearly all Northwest Arkansas locations are owned by a third-party real estate investor and will be leased back to Club Car through long-term agreements.
Club Car Wash offers customers an MVP wash each Tuesday for only $10. The company donates one dollar from each wash to local Children’s Miracle Network hospitals. Club Car Wash is working towards a donation goal of $1 million in 2022.