Announced
Completed
Financials
Sources
Tags
express car wash
United States
Private
Single Bidder
Acquisition
Auto Services
Domestic
Completed
Minority
Private Equity
Friendly
Synopsis
CCMP Growth Advisors, a private equity firm, completed an equity capital investment in Mammoth, an express car wash platform. Financial terms were not disclosed. "We've evaluated several potential car wash investments, and Mammoth stood out to us as the best platform we've seen in the industry. Their management team is outstanding; they have a compelling consumer value proposition and a strong geographic footprint with a deep pipeline of new stores; and we know and trust the other investors on the board. Mammoth has a lot to like," Joe Scharfenberger, CCMP Managing Director.
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