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.
A rookie home buying expense checklist
There are more expenses to consider than just the price of the home, and first-time homebuyers can be caught by surprise at the number and…
Angie's list: Ticket broker tips
Waiting until the last minute to buy could land you a deal.
Black Friday 2015 predictions on sales
It's October, and stores are starting to get into the holiday mode.
First Black Friday ad of the season is out
The calendar has barely turned October, but the 2015 holiday shopping season is already starting.
Staples keeping its doors shut on Thanksgiving
The supply store did open on Thanksgiving the last two years, along with a list of others.
Angie's List: It's time to winterize your boat
Dreaming of boating trips through October?