April 25, 2013 // Franchising.com // FAIRFAX, Va. – ZIPS Dry Cleaners, an aggressively expanding Mid-Atlantic dry cleaning franchise chain, announces the appointment of Reid Bechtle as Chief Executive Officer.
The announcement comes on the heels of the company’s recent acquisition by JPB Capital Partners, a Maryland-based private equity firm that makes control investments in lower-middle market companies located primarily in the Mid-Atlantic and Southeast United States.
“ZIPS is the perfect opportunity to work with a proven franchisor and enhance a franchise network that is poised for aggressive growth,” Bechtle said. “Together with JPB Capital Partners, I look forward to moving ZIPS Dry Cleaners through its next phase of growth, including improved execution of the existing system and further geographic expansion of the concept.”
Bechtle has spent the majority of his career in senior management positions, with the majority of the last 33 years serving as President and/or Chief Executive Officer for various companies in a variety of industries, including manufacturing, information services, training/education and health care. He has significant experience in traditional operating environments, as well as turnarounds, start-ups and the revitalization of mature businesses. He has worked successfully with public and private companies, venture backed organizations, and family-owned businesses.
Bechtle attended the University of Pennsylvania and received his Bachelors of Business Administration from the Wharton School.
Founded in 1996 and franchising since 2006, ZIPS Dry Cleaners’ successful business model is based on a concept revolutionary to the industry and clearly in high demand to today's dry cleaning customer – dry cleaning that is ready for pick-up the same day it's dropped off and all for a flat-rate price of $1.99. Headquartered in Greenbelt, MD, ZIPS operates 36 stores in the Mid-Atlantic region. For more information, visit www.321zips.com.
SOURCE ZIPS Dry Cleaners