Atlantic Street Capital, a private equity firm, is investing more in its portfolio company, Zips Car Wash.

The transaction allows ASC to acquire equity from founding shareholders and build upon an operating strategy.

Whit Williams, ASC Managing Partner, commented, “The increase in Zips’ enterprise value has predominately been a result of operational improvements driving significant organic growth at the company. We still have a long runway for those initiatives to affect even stronger results, and to use our scale and operational capabilities to substantially grow site count in a large, fragmented market. We’re excited to partner with our investors, as well as increase the GP’s investment in Zips to capitalize on this opportunity.”