
Episode 267: Carwash M&A: Deal trends and bold predictions with Jeff Pavone
In this episode of Wash Talk: The Carwash Podcast, Jeff Pavone from Amplify Capital Group joins host Kyle Alexander to break down the forces shaping today's deal environment — and why the second half of the year is poised for a significant rebound. Pavone explains that the slowdown stems less from a lack of buyer interest and more from the pressures upstream. Constraints in private credit markets — driven largely by volatility in software and AI sectors — have slowed the flow of capital to private equity, which in turn has extended timelines for carwash deals. Add geopolitical uncertainty to the mix, and the result is a more cautious, question-heavy underwriting process. Despite the slower pace, carwash key performance indicators are holding up. Pavone notes that year-over-year sales and membership growth remain positive across the country, with some softening on the retail side attributed to weather variability and pricing shifts at the entry level. Looking ahead, Pavone expects a strong close to 2026, with Amplify alone tracking roughly $500 million in transactions expected to close by mid-year. He also points to a meaningful shift in deal dynamics: For the first time, buyer and seller price expectations are coming into alignment, a development he views as a key signal for sustained activity in carwash mergers and acquisitions. He also weighs in on Mister Car Wash's transition back to private ownership and what that means for the broader market. The episode closes with Pavone's boldest prediction yet — that within three years, the industry will see its first carwash chain reach 1,000 or more locations.



