DALLAS, May 13, 2024
/PRNewswire/ -- Mammoth Holdings LLC, America's premier
express car wash platform, announced the recent opening of its
newest location, Today's Car Wash in Hewitt, Texas, outside of Waco. The new site aligns with Mammoth's dual
growth strategy of developing greenfield locations while also
acquiring existing brands.
"Customers in the Greater Waco
area will be treated to state-of-the-art technology and
second-to-none customer service for the best possible car wash,"
said Dave Hoffmann, Chairman and CEO
of Mammoth Holdings. "We are thrilled to expand our footprint and
serve even more car owners in the state of Texas."
The site will become Mammoth's first go-to destination in the
greater Waco area, providing
convenience and best in class service to customers. It is the
eighth site under the Today's Car Wash brand and represents
Mammoth's continued momentum to reaching 500 sites across the
country.
Mammoth Holdings is the first car wash platform formed by
industry insiders and has 138 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 138 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