On the record · Other
ZIPS Car Wash
Express car wash chain with 280+ locations across 23 states
Research depth
Outcomes researched
Reviewed operating findings or a classified operating outcome are available.
Record updated Sept. 4, 2026
Current ownership
Current owner not established
This record does not identify a current owner. That absence is a gap in the record, not a conclusion about ownership.
Ownership and transaction history
Chronology from recorded ownership periods, transactions and reviewed outcome events. Event order does not imply causation.
Feb. 5, 2025
Bankruptcy filedR1
Recorded history
What happened under and after ownership
Operating outcome
Operating through distress or restructuring
Atlantic Street Capital-controlled Zips filed Chapter 11 on February 5, 2025 with about $654 million of funded debt after a debt-financed acquisition run, keeping its car washes open while rejecting about 41 leases. The plan took effect April 30, 2025, handing all new equity to term-loan lenders.
Controlled by its former term-loan lender group, which took 100% of the reorganized company's equity when the plan became effective April 30, 2025.
- Founded
- 2004
- Sponsor at closure
- Atlantic Street Capital
- Cause
- Roll-up integration · with debt left at exit
- Elevenflo (restructuring case tracker) · February 5, 2025 filing, $653.9 million debt, continued operations at 260+ locations shrinking to ~230, Atlantic Street Capital's 2020 majority acquisition and
- CRE Daily · confirms Chapter 11 filing, 260 locations at filing, plan to reject 41 leases, and description of debt and lease pressure as the filing cause
Sources and evidence
Other recorded sources
Public provenance attached to an entity, ownership or bankruptcy record.
- R1PESP Bankruptcy Tracker 2025
PESP Bankruptcy Tracker 2025 · Bankruptcy source
Supports: Bankruptcy filing
What we do not know
These are gaps in the public record, not findings about the organization.
- No current public ownership assessment has been published.
Help improve this record
Firsthand experience, public sources and corrections can help close the gaps above.