Mister Car Wash acquires 33 sites in Florida in $390M deal
These locations will bring the Mister Car Wash’s total operating stores in the Southern state to 65.
Mister Car Wash has entered into an agreement to acquire Clean Streak Ventures LLC, a portfolio company of MKH Capital Partners, for $390 million.
The acquisition of Clean Streak includes 23 operating locations, 10 development locations and the underlying real estate at all 33 locations. The development locations are in various stages of the permitting and construction cycle and are expected to open within the next year under the Mister Car Wash brand.
In addition, the company plans to rebrand and integrate the 23 existing operating locations that are currently doing business under the tradenames Top Dog Express and Clean Machine Car Wash into the Mister Car Wash brand.
These locations will bring the Mister Car Wash’s total operating stores in Florida to 65.
“This acquisition increases 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,” said John Lai, President and CEO of Mister Car Wash.
Headquartered in Tucson, Arizona, Mister Car Wash operates over 360 car washes nationwide and has the largest car wash subscription program in North America.
