Atlantic Street Capital (ASC), a private equity firm that invests in lower middle market companies, is to increase its investment in portfolio company, Zips Car Wash (Zips).
The transaction allows ASC to acquire equity from founding shareholders and build upon an operating strategy that has already driven considerable growth. The transaction is expected to be completed in the second quarter.
ASC rolled and increased its GP commitment to Zips and partnered with lead investor, ICG, along with ASC IV rolling LPs, management, and minority owners for the acquisition.
