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New Deal


Announced

Completed

Mister Car Wash completed the acquisition of Clean Streak Ventures from MKH Capital Partners for $390m.

Financials

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Transaction Value£294m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Completed

Private

Domestic

United States

cars

Auto Services

Acquisition

Single Bidder

Private Equity

Majority

car wash

Friendly

Synopsis

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Mister Car Wash, a car wash chain in US, completed the acquisition of Clean Streak Ventures, a customer service company that provides the car washes services, from MKH Capital Partners, a private equity firm, for $390m. "Clean Streak's focus on operating premium car wash locations attracted us to the Company. Their locations increase our presence across Florida, bolstering our market position in the state while giving our customers and members additional convenient locations to wash with us. We are excited to welcome these new team members into the Mister Car Wash family and look forward to seeing them grow within our organization," John Lai, Mister Car Wash President and CEO.

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