Incline Equity Partners Acquires Mr. Magic Car Wash

Mammoth Holdings Acquires PureMagic Carwash

May 3, 2021

Automotive

Atlanta-based Mammoth Holdings announced it has acquired PureMagic Carwash, a seven-unit express conveyor car wash operator in the greater Knoxville, Tennessee market. PureMagic founders Jim and Teri Rooney reinvested a meaningful portion of their proceeds into Mammoth equity; the deal was advised on the sell-side by Amplify Car Wash Advisors and Mammoth is backed by Red Dog Equity LLC.

Incline Equity Partners Invests in Perfect Power Wash

October 6, 2021

Professional Services

Pittsburgh-based private equity firm Incline Equity Partners has made a growth investment in Perfect Power Wash, a residential exterior cleaning services platform headquartered in the Akron/Norton, Ohio area. Incline will support PPW's expansion through aggressive greenfield location openings, digital marketing and evaluation of additional exterior services while partnering with the founding team.

Argosy Private Equity Acquires Controlling Interest in Mr. Splash Car Wash

January 9, 2025

Consumer Products

Argosy Private Equity acquired a controlling interest in Mr. Splash Car Wash, a 6-site express car wash chain in the Greater Madison, Wisconsin area, with two additional development sites planned by the end of 2025. Argosy will partner with co-owners Jeff Joos and Tony Ruiz (who will remain significant owners) to professionalize operations, pursue acquisitions and new site development, and grow membership-driven revenues.

El Car Wash Acquires Five Wash City Locations in Orlando

April 29, 2025

Automotive

El Car Wash acquired five Wash City car wash locations across Orange and Seminole counties in the Greater Orlando area, expanding its Florida footprint and accelerating its plan to surpass 90 sites by the end of 2025. The acquired sites will be integrated into El Car Wash's unlimited membership program and will undergo enhancements to align with El Car Wash's brand and operational standards; Miracle Car Wash Advisors served as exclusive sell-side advisor.

Warburg Pincus Acquires El Car Wash

July 18, 2022

Automotive

Warburg Pincus has acquired El Car Wash from affiliates of Wafra Inc., Audrose Partners, and Fireside Investments. The investment will support El Car Wash’s expansion — the Miami-based express car wash operator currently runs 17 locations with more than 30 sites in development and plans to grow via greenfield openings and acquisitions.

National Express Wash Acquires El Car Wash

February 19, 2019

Automotive

An investor group led by Wafra Inc., Audrose Partners and Fireside Investments launched National Express Wash and completed the platform's first acquisition of El Car Wash, a Miami-based express car wash operator. The transaction establishes a multi-location express car wash platform focused on acquiring sites with attractive real estate and expanding throughout South Florida and other North American markets.