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C Street Advisory Group handles Zips Car Wash as the nation’s largest privately held car wash operator declares Chapter 11.
The Plano, TX-based company has 260 locations and owns the Zips, Rocket Express Car Wash and Jet Brite Wash brands.
It blamed the need to file for bankruptcy on high interest rates, rising labor costs and cutthroat competition from the 900 car washes that open each year.
Restructuring will provide “the necessary financial and operational foundation to drive long-term success,” according to Kevin Nystrom, Zips chief transformation officer.
The reorganization is expected to slash Zip’s debt load by $279M and raise $15M to support strategic initiatives.
Zips expects to emerge from Chapter 11 in two to three months.
Prosek Partners handles New York’s Tilray Brands, craft beer & cannabis operation, as it acquires BrewDog, a leading British independent beer producer in the UK, for $45M.
Brunswick Group handles Zurich Insurance as it agrees to buy UK-based Beazley specialty insurer in a deal valued at $11B.
FGS Global represents Brink’s as it agrees to acquire NCR Atleos, which relies on Collected Strategies, in a $6.6B cash & stock deal to create a leading fintech infrastructure company. (Updated)
A January article in O’Dwyer’s proposes that in 2026, the strongest financial brands will not simply tell compelling stories—they will “signal readiness.”
C Street Advisory Group is working the Chapter 11 filing of Axip Energy Services as it unloads its nearly all of its assets to deal with a heavy debt load.
