Warburg Pincus buys El Car Wash from Wafra, Audrose and Fireside

The capital infusion will support continued El's expansion.

  • El Car Wash currently operates 17 car wash locations with over 30 additional sites in development across Florida
  • William Blair & Company, LLC served as financial advisor to El Car Wash
  • Headquartered in New York, Warburg Pincus has more than $85 billion in assets under management

Warburg Pincus has acquired South Florida-based El Car Wash, an express car wash operator, from Wafra, Audrose Partners and Fireside Investments. The capital infusion will support continued El’s expansion. No financial terms were disclosed.

El Car Wash currently operates 17 car wash locations with over 30 additional sites in development across Florida.

“We have built El Car Wash into a market-leading platform by relentlessly focusing on delivering friendly customer service and a best-in-class wash experience via a dense network of clean and recognizable modern facilities. This strategy has generated a loyal, growing membership base that we hope to service more conveniently by rapidly expanding El’s store footprint in partnership with Warburg Pincus,” said Geoff Karas, co-CEO of El Car Wash and co-founder of Audrose Partners, in a statement.

William Blair & Company, LLC served as financial advisor to El Car Wash in connection with the transaction.

Headquartered in New York, Warburg Pincus has more than $85 billion in assets under management. Founded in 1966, Warburg Pincus has raised 21 private equity and 2 real estate funds, which have invested more than $106 billion in over 1,000 companies in more than 40 countries.