Lometa Capital Partners Acquires D&S Car Wash Equipment Company

HIGH RIDGE, MO., January 11, 2022 – Lometa Capital Partners (“Lometa”), a multi‐family office focused on majority investments in lower middle market companies, in partnership with management, has acquired D&S Car Wash Equipment Company and its subsidiaries (“D&S”).

Headquartered in High Ridge, MO, D&S is a manufacturer of brand‐recognized, high‐performance car wash systems including in‐bay automatic, self‐serve, and truck wash systems, as well as spare parts and other auxiliary equipment. D&S’s line of IQ‐branded systems are manufactured with the highest quality materials and feature proprietary,state‐of‐the‐art technology that result in unparalleled wash quality and efficiency.

“With Lometa’s support, D&S is poised to supercharge its growth even after achieving back‐to‐back years of record revenue,” commented Jon Jansky, the former owner and CEO of D&S. “In assessing the great potential around recently introduced products and segments, I determined an injection of new evergreen capital and energy from Lometa offered the best route to the continued growth and success for D&S and its many stakeholders.”

Vince Smith, a Partner of Lometa, commented, “We are grateful that Jon sought to partner with Lometa for D&S’s next stage of growth. We look forward to leveraging the foundation Jon and his team built to rapidly expand the business, while maintaining our focus on the innovation, quality, and customer service that have made D&S a leader in the car wash supply space since 1972.”

Acquisition Details

On December 31, 2021, Lometa Capital Fund LP, in partnership with management and certain outside investors, acquired D&S from Jon Jansky, Jerry Canfield, and two other partners. Jon and Jerry will maintain a significant minority equity stake in the Company with Jerry remaining in his current role as Chief Innovation Officer and Jon transitioning to Board‐level advisory. Current COO, Tim Huntington, has been named CEO and will lead D&S moving forward. The acquisition is an ideal fit with Lometa’s strategy of investing in niche companies with differentiated products, leading market shares, significant growth opportunities, and outstanding teams. To learn more about D&S, please visit www.dscarwash.com.

For more information please contact:

Vince Smith
Partner
vince@lometacapital.com