DALLAS, Dec. 11,
2023 /PRNewswire/ -- Mammoth Holdings LLC, America's
premier express car wash platform, announced the recent opening of
its newest location, Silverstar Car Wash in Fargo, North Dakota. The new site aligns with
Mammoth's dual growth strategy of developing greenfield locations
while also acquiring existing brands.
Mammoth Holdings Opens Silverstar Car Wash
in Fargo, ND Market
"We're pleased to serve the Fargo area with a state-of-the-art facility
and world class customer service," said Dave Hoffmann, Chairman and CEO of Mammoth
Holdings. "The newest location is the company's 11th greenfield
opening this year and represents another step forward towards our
goal of 500 sites."
With six locations now in the Fargo market, this new site is set to become a
go-to destination for car owners in the area, providing convenience
and top-notch service to every car and every customer. The site is
the 23rd Mammoth location under the Silverstar Car Wash brand.
Mammoth Holdings is the first car wash platform formed by
industry insiders and has 123 operating locations. Mammoth is
customer-focused operationally; operator-focused in its approach to
acquisitions; and seeks to be the partner-of-choice for car wash
operators who desire liquidity, growth capital, and a tax-deferred
equity investment opportunity.
Mammoth Holdings' multi-brand portfolio includes Busy Bee Car
Wash, Coastal Carwash, Finish Line Car Wash, In & Out Express
Carwash, Jax Kar Wash, Lulu's
Express Car Wash, Marc-1 Car Wash, Mr. Squeaky Car Wash, Pals
Carwash, Pitstop Car Wash, PureMagic Carwash, Silverstar Car Wash,
Speedy Clean Car Wash, Suds Car Wash, Swifty Car Wash, Ultra Car Wash, Wash Me Fast,
Wash-N-Go Express Car Wash, and Wiggy Wash.
Mammoth has significant growth capital and is actively seeking
acquisitions and development opportunities.
In October 2018, Mammoth partnered
with Red Dog Equity LLC, an Atlanta-based private equity firm, which,
through its partnership with Tom
Pritzker's family business interests (Advised by The
Pritzker Organization), provides the equity for Mammoth Holdings'
corporate development initiatives. Oak Hill Advisors and CCMP
provide Mammoth Holdings' debt financing.
About Mammoth Holdings
Headquartered in Dallas, Mammoth Holdings operates 121 conveyor
car washes under the Busy Bee Car Wash, Coastal Carwash, Finish
Line Car Wash, In & Out Express Carwash, Jax Kar Wash, Lulu's Express Car Wash, Marc-1
Car Wash, Mr. Squeaky Car Wash, Pals Carwash, Pitstop Car Wash,
PureMagic Carwash, Silverstar Car Wash, Speedy Clean Car Wash, Suds
Car Wash, Swifty Car Wash, Ultra Car
Wash, Wash Me Fast, Wash-N-Go Express Car Wash, and Wiggy Wash
brands in Georgia, Alabama, Kentucky, Illinois, Utah, South
Carolina, Mississippi,
Louisiana, Indiana, Missouri, Tennessee, North
Dakota, South Dakota,
Iowa, Nebraska, and Florida.
Mammoth Holdings was founded by Gary
Dennis and Chip Hackett in
2002. To learn more, please visit mammothholdings.com.
About OHA
OHA is a leading global alternative
investment firm specializing in private lending, distressed credit,
structured credit, real assets, special situations, leveraged loans
and high yield bonds. OHA manages approximately $63
billion of capital across credit strategies in pooled funds,
collateralized loan obligations and single investor mandates as
of September 30, 2023. The firm's global, primarily
institutional investor base includes pension funds, sovereign
wealth funds, insurance companies, foundations, endowments, fund of
funds, family offices and high net worth individuals. OHA is the
private markets platform of T. Rowe Price Group,
Inc. (NASDAQ – GS: TROW). For more information, please visit
Oak Hill Advisors.
About Red Dog Equity LLC
Red Dog Equity LLC is a
private equity firm that invests in lower middle-market companies
poised for strong growth in partnership with driven,
entrepreneurial business leaders ("Red Dogs"). To learn more,
please visit reddogequity.com.
About CCMP Growth Advisors
CCMP Growth Advisors, LP
("CCMP Growth") is a New York based growth-oriented
private equity firm focused on making lead buyout and growth equity
investments in middle-market companies in the Consumer and
Industrial sectors primarily in North America. CCMP Growth
leverages the deep investment experience of its team to identify
high growth companies in transition, and partners with management
to help each platform scale through strategic and operational
support.
About The Pritzker Organization
The Pritzker
Organization is the merchant bank for the business interests of the
Tom Pritzker family. Additional
information can be found at pritzkerorg.com.
www.thesaltstandard.com
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SOURCE Ultra Car Wash