DALLAS, April 29,
2024 /PRNewswire/ -- Mammoth Holdings LLC, America's
premier express car wash platform, announced the recent opening of
its newest location, Coastal Carwash in Sarasota, Florida. The new site aligns with
Mammoth's dual growth strategy of developing greenfield locations
while also acquiring existing brands.
"We are thrilled to bring the best quality car wash to the
customers of Sarasota with
state-of-the-art technology and top-notch customer service," said
Dave Hoffmann, Chairman and CEO of Mammoth Holdings. "Mammoth
continues to build momentum of reaching 500 sites across the
country with this latest opening."
The site will become a go-to destination for car owners in the
greater Sarasota area, providing
convenience and best in class service to customers. Today's opening
marks the 5th Mammoth location under the Coastal Carwash
brand.
Mammoth Holdings is the first car wash platform formed by
industry insiders and has 137 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, Galaxies Express 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, Today's Car Wash,
Ultra Car Wash, Wash Me Fast, Wash-N-Go Express Car Wash, and Wiggy
Wash.
Mammoth has significant growth capital available 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), provided the
equity for Mammoth Holdings' corporate development
initiatives. In December 2022,
Mammoth sold a minority stake to CCMP Growth Advisors that provided
Mammoth with additional capital to pursue building new units and
making acquisitions.
Oak Hill Advisors provides Mammoth Holdings' debt financing
through its direct lending partnership with BMO Capital
Markets.
About Mammoth Holdings
Headquartered in Dallas, Texas,
Mammoth Holdings, LLC operates 137 conveyor car washes
under the Busy Bee Car Wash, Coastal Carwash, Finish Line Car
Wash, Galaxies Express 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, Today's Car Wash, Ultra Car Wash, Wash Me Fast,
Wash-N-Go Express Car Wash, and Wiggy Wash brands in Alabama, Florida, Georgia, Illinois, Indiana, Iowa, Kentucky, Louisiana, Minnesota, Mississippi, Missouri, Nebraska, North
Dakota, South Carolina,
South Dakota, Tennessee, Texas, Utah.
Mammoth Holdings was founded by Gary
Dennis and Chip Hackett in
2002. To learn more, please visit
mammothholdings.com.
About Red Dog Equity
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 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.
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.
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SOURCE Mammoth Holdings