D&S Car Wash Supply Acquires Wash Card Solutions
- 06 Apr-2024
- admin
- News
High Ridge, MO, April 1, 2024 – D&S Car Wash Supply, Inc. (“D&S”), a portfolio company of Lometa Capital Partners, has acquired WashCard Systems, Inc. (“WashCard”).
Headquartered in Centerville, MN, WashCard is an industry leader in payment hardware and software technology for the in-bay car wash sector. WashCard loyalty software has created opportunities for owner-operators to build traffic, repeat customers, average transaction size, and profitability – all while offering insights into their businesses and customer bases. The company has continued to grow and evolve through changing economic conditions and shifting technologies, including the adoption of tap-based payment methods, QR codes, and the development of a high-performance mobile app integrated with WashCard’s pay station hardware. To learn more about WashCard Systems, please visit www.washcard.com.
Yarusso, founder and owner of WashCard stated, “We’re looking forward to working with Tim Huntington and the D&S team to put WashCard payment system technologies, experience, capability to work for many more car wash owners across the United States and Canada.”
Yarusso added, “The newest payment technologies, like tap-to-pay and mobile apps, are dramatically enhancing both the consumer wash experience, and car wash operators’ sales and profitability. This partnership will allow us to bring better technology to more operators in more markets. That’s exciting.”
“We’re thrilled to bring WashCard Systems’ pioneering technology under the D&S brand as it complements our current cutting-edge solutions within the car wash industry” commented Tim Huntington, CEO of D&S. “By integrating the expertise of this leading innovator, we’re poised to drive innovation to new heights in the car wash industry.”
About Lometa Capital Partners:
Lometa Capital Partners is a multi-family office investing in strategically viable lower middle market companies in the business services and niche manufacturing and industrials sectors. Lometa is currently investing out of a $75 million perpetual-life fund with no predetermined timeframe to exit. Its Limited Partners are successful entrepreneurs and highly engaged to drive outcomes in the portfolio where they possess deep knowledge and experience. To learn more about Lometa, please visit www.lometacapital.com.
About D&S Car Wash Supply
D&S Car Wash Supply is a manufacturer and supplier of brand-recognized car wash equipment, including in-bay automatic, self-serve, and truck wash systems, spare parts, auxiliary equipment, chemicals, and maintenance and install services. D&S’s line of IQ-branded systems are manufactured with the highest quality materials and feature proprietary, state-of-the-art technology that results in unparalleled wash quality and efficiency. D&S serves customers in the professional car wash, truck wash, convenience store, and auto dealership segments across the U.S. and Canada. To learn more about D&S, please visit www.dscarwash.com.
For more information, please contact:
Vince Smith
Partner
vince@lometacapital.com