Mammoth Holdings, an express car wash platform, has bought Coastal Carwash, an operator of three express conveyor car wash locations.
Mammoth Holdings is a car wash platform formed by industry insiders and has 96 operating locations. Mammoth has partnered with Red Dog Equity, a private equity firm, and through its partnership with Tom Pritzker‘s family business, provides equity for Mammoth Holdings’ corporate development initiatives.
Coastal Carwash operates three express car washes in Florida and are developing three more locations. The acquisition doubles Mammoth’s footprint in Florida, where they have six locations and dozens in the pipeline.
“Mammoth’s operational excellence and its commitment to employee development and customer service made it clear that Mammoth was the best home for our business,” said Thomas Klein, Coastal’s co-owner.
Monroe Capital and Morgan Stanley provide Mammoth Holdings’ debt financing.