Clean Streak Ventures has acquired Bay Breeze Car Wash and Lube, expanding its presence in the Florida car wash market.

AcquirerClean Streak Ventures (US)
TargetBay Breeze Car Wash and Lube (US)
Deal valueUndisclosed
TypeAcquisition
Close date2020-08-03
Advisors (buy-side)Not disclosed
Advisors (sell-side)Not disclosed
Legal advisors (buy-side)Not disclosed
Legal advisors (sell-side)Not disclosed

The acquisition aims to increase Clean Streak Ventures' footprint in the Florida car wash industry and enhance its service offerings through Bay Breeze's lube center. With this move, Clean Streak Ventures further solidifies its position as a leading player in the transportation and logistics sector.

Deal Rationale

Clean Streak Ventures sees significant potential for growth in Florida’s car wash market and aims to leverage Bay Breeze Car Wash and Lube's established customer base. The addition of Bay Breeze enhances Clean Streak Ventures’ portfolio by integrating a lube center, expanding its service range beyond basic washing services.

Financial Context

The deal is part of Clean Streak Ventures' strategic initiative to bolster its market presence in the southeastern United States. Financial terms were not disclosed, but sources indicate that the transaction aligns with Clean Streak Ventures’ growth strategy and capital allocation plan.