Alimentation Couche-Tard, the Canada-based parent of convenience store chain Circle K, is acquiring all of the membership interests of True Blue Car Wash.
True Blue is an operator of express tunnel car washes under the Clean Freak brand in Arizona and Texas and the Rainstorm brand in Illinois and Indiana. The chain currently has 65 outlets in high-traffic areas of the four states, as well as a pipeline of new car wash sites under development.
Based in Scottsdale, AZ, True Blue, which claims its outlets washed more than 10M cars last year, was cited by Inc 5000 as one of the fastest-growing companies in the US. According to the announcement of the acquisition, True Blue's revenue grew by approximately 45% between 2018 and 2021.
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