Leonard Green & Partners Takes Mister Car Wash Private for $7.00 Per Share

Mister Car Wash Acquires Clean Streak Ventures for $390 Million

December 21, 2021

Transportation

Mister Car Wash, Inc. agreed to acquire Clean Streak Ventures LLC, an express car wash platform backed by MKH Capital Partners, for approximately $390 million. The deal includes 23 operating locations, 10 development locations, and the underlying real estate across 33 locations in Florida, expanding Mister’s footprint to 65 locations in the state.

Incline Equity Partners Acquires Mr. Magic Car Wash

January 19, 2022

Retail

Incline Equity Partners acquired Mr. Magic Car Wash, a Pennsylvania-based, family-owned car wash chain operating five locations in the Pittsburgh market, from the Tiano family. Car Wash Advisory served as the sell-side advisor; Incline said it will use the acquisition to launch and scale an express car wash platform under the Mr. Magic brand.

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.

Peterson Partners Backs WashU Car Wash

December 2, 2021

Automotive

Peterson Partners (referred to in some reports as Peterson Private Equity) has invested in WashU, a Chicago-area car wash operator headquartered in Plainfield, Illinois. The capital will fund WashU’s expansion into new markets and the development and acquisition of additional express car wash locations while the existing management team remains in place.

TSG Consumer Partners Acquires Super Star Car Wash

November 15, 2021

Automotive

TSG Consumer Partners has signed a definitive agreement to acquire a majority stake in Super Star Car Wash, a family-owned car wash operator headquartered in Phoenix, Arizona. Founder and President Reza Amirrezvani and the management team will remain significant investors and continue to lead the company as TSG supports the business’ planned geographic expansion and membership-driven growth.

Garnett Station Partners Makes Growth Investment in WOW Carwash

December 9, 2021

Automotive

Garnett Station Partners has made a growth investment in WOW Carwash, the Las Vegas-based operator of eco-friendly, tech-enabled express car washes. The capital from Garnett Station's GSP 3.0 Fund will be used to accelerate geographic expansion and growth of WOW's multi-location platform across the Southwestern United States; financial terms were not disclosed.