ZIPS Car Wash, LLC has announced that it has successfully completed its financial restructuring and emerged from its chapter 11 process on April 30, 2025, following confirmation of the Company’s Plan of Reorganization on April 18, 2025. The company emerges as a financially stronger organization, better positioned to continue providing high-quality wash experiences at competitive prices.
Through its financial restructuring, ZIPS reduced its debt obligations and secured access to additional liquidity through a new revolving credit facility to support future strategic initiatives. The company will continue to operate as usual with no change to its service offerings, customer experience, or value proposition for ZIPS Unlimited Wash Club Members.
In connection with its emergence, the company also announced the appointment of industry leader Pete Nani as its new Chief Executive Officer. Nani brings more than three decades of car wash industry experience, having played a pivotal role in shaping iconic car wash brands including Mister Car Wash and Wash Depot Holdings. Most recently, he served as CEO of Clean Freak and Rainstorm Car Wash, owned by Circle K.
ZIPS emerges under the ownership of a group of its existing institutional investors, with an optimized real estate portfolio that positions the company to seize new growth opportunities and invest in its strongest assets.
