After a recent whirlwind of impactful events including a major bankruptcy, a large M&A transaction and meaningful guidance from POTUS regarding the future of bonus depreciation, investors are gearing up for an active year ahead in the car wash space.

In the four weeks between February 5 and March 4, 2025, the car wash market was rocked by several notable events that will shape the landscape for deal-making in 2025. In this analysis, we break down each of these events and provide our outlook for transaction activity and pricing in the merger and acquisition (M&A), net lease real estate and sale-leaseback markets.

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