INDIANAPOLIS - Mike's Carwash, a ubiquitous name locally for decades, will change its name in central Indiana as it undergoes a reorganization that will split the company in two.
The company announced Friday morning that the two brothers who own the chain, Bill Dahm and Mike Dahm, are going their separate ways, splitting the company into two carwash chains with different operating areas.
The plan calls for Bill Dahm to operate 26 carwashes in central Indiana, including Indianapolis, Kokomo, Lafayette, Terre Haute, Anderson and Columbus. The name on those carwashes will change to Crew Carwash.
Mike Dahm will run 15 carwashes in other areas, including Cincinnati, Evansville, Dayton, Fort Wayne and Mishawaka. Those will retain the Mike's Carwash name.
According to the company's news release, the change was made to set up the businesses for growth.
"As Mike and I talked about the future of Mike's Carwash, we began to realize the potential for growth and continuing the business well beyond our lifetimes," Bill Dahm said in the news release. "We came to the conclusion that our families' long term opportunities increased if we reorganized into two separate companies."
The change splits a business the brothers have worked together on for 27 years.
Mike's Carwash began in Fort Wayne in 1948, run by Joe and Ed Dahm under the name "Mike's Minit Man."
The headquarters of Crew Carwash will be in Indianapolis, while Mike's Carwash moves to Cincinnati.
Both companies will continue to honor existing tickets and coupons bought under the Mike's Carwash name.
Make sure your vacuum is ready to clean
It's time for spring cleaning and experts at Angie's List have tips on the best ways to get dirt and dust out of your home.
Target to pay $10 million settlement in lawsuit
Target has agreed to pay $10 million in a settlement to those who lost money in the data breach, although not everyone affected will receive money.
Angie's List: DIY custom closets pay off
Experts with Angie's List say investing in where you hang your clothes could pay off down the road.
Pinterest is worth $11 billion
It's profitable to pin. Pinterest is now valued at $11 billion, and the company still has time to make more money.
Free ice cream at Dairy Queen Monday
Dairy Queen is offering customers free ice cream on Monday, March 16 to mark its 75th anniversary.
ShopSmart: Fresh deals just in time for spring
As the season changes from winter to spring and the temps begin to warm up, check out these fresh ShopSmart deals!