Le Lézard
Classified in: Transportation, Business
Subjects: TNM, CXP

Mister Car Wash Expands into Illinois and Wisconsin



TUCSON, Ariz., July 2, 2015 /PRNewswire/ -- Mister Car Wash finalized the acquisition of five Octopus Car Wash locations in Rockford, Illinois and Madison, Wisconsin on June 30th, 2015. The company now operates 157 car washes in 18 states and continues to accelerate its growth strategy by adding 21 stores to its portfolio since the beginning of the year.

Photo - http://photos.prnewswire.com/prnh/20150701/227688

"Wisconsin and Illinois are strong and dynamic markets with a long history of washing cars," said John Lai, President and CEO of Mister Car Wash. "This bolsters our already strong position in the Midwest and we can't wait to begin working alongside a very talented group of team members."

In addition to targeting high performing sites for acquisition, Mister Car Wash has been able to stay a steady course of brand expansion by focusing first and foremost on recruiting, training and retaining top talent from the store level to top leadership positions.

"Quality car wash owners who are getting ready to exit the business don't just want to cash out, they want to make sure their business will continue to flourish and that their people will be taken care of," said Casey Lindsay, Director of Mergers and Acquisitions. "Our commitment is to retain and continue developing newly acquired teams."

For more information, visit www.mistercarwash.com.

About Mister Car Wash
Mister Car Wash (www.mistercarwash.com) operates 157 car washes and 32 express lubes in 18 states. Headquartered at 222 East 5th Street in Tucson, Arizona, Mister Car Wash is an operating company of Leonard Green & Partners L.P.

About Leonard Green & Partners
Leonard Green (www.leonardgreen.com) is one of the nation's preeminent private equity firms with over $15 billion of private equity capital raised since inception. Founded in 1989, the firm has invested in 72 companies with aggregate value of over $60 billion in the form of traditional buyouts, going-private transactions, recapitalizations, growth capital investments, corporate carve-outs and selective public equity and debt positions. Based in Los Angeles, CA, Leonard Green invests in established companies that are leaders in their markets.

Contact: Megan Everett, Media Relations Manager 520.615.4000 X 154 or Media@MisterCarWash.com

 

SOURCE Mister Car Wash


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News published on 2 july 2015 at 08:41 and distributed by: