Episode 238: Carwash M&A rebound with Jim Ceresnak

In this episode of Wash Talk: The Carwash Podcast, host Rich DiPaolo welcomes Jim Ceresnak, vice president of Northmarq. They discuss the evolving dynamics of the carwash market and the M&A landscape. Ceresnak begins by reacting to major news announcements from Q1. Some of those developments sparked speculation about waning investor enthusiasm in the sector. However, despite some turbulence, Ceresnak believes the industry’s long-term fundamentals remain sound and encouraging for future growth.  
Ceresnak identifies key lessons the industry has learned from recent developments and market shifts. He emphasizes the need for operational excellence, disciplined growth and realistic financial forecasting. He outlines what sets resilient carwash operators apart from their peers in the field. Ceresnak says strong leadership, efficient site performance and capital access help operators continue to thrive. Chains that focus on sustainable expansion and strong customer loyalty are more likely to survive market pressure.  
Looking ahead, Ceresnak discusses how financial conditions could shape carwash M&A activity this year. He highlights the impacts of 100% bonus depreciation and interest rates on growth strategies. He evaluates sale-leaseback strategies, which still hold value when carefully structured. Operators must balance short-term gains with long-term obligations when considering such strategies for expansion.