DALLAS, June 24,
2024 /PRNewswire/ -- Mammoth Holdings LLC, America's premier
express car wash platform, announced the recent opening of its
newest location, Coastal Carwash in Punta
Gorda, Florida. This is Mammoth's latest site opening that
aligns with the company's dual growth strategy of developing
greenfield operations while also acquiring existing brands.
"Punta Gorda can expect the
best quality carwash with our state-of-the-art technology and
top-notch customer service," said Dave
Hoffmann, Chairman and CEO of Mammoth Holdings. "Mammoth
continues to build momentum of reaching 500 sites across the
country with this latest opening."
The site will become a go-to destination for car owners in the
greater Punta Gorda area,
providing convenience and best in class service to customers.
Today's opening marks the 6th Mammoth location under the Coastal
Carwash brand.
Mammoth Holdings is the first car wash platform formed by
industry insiders and has 141 operating locations. Mammoth is
customer-focused operationally; operator-focused in its approach to
acquisitions; and seeks to be the partner-of-choice for car wash
operators who desire liquidity, growth capital, and a tax-deferred
equity investment opportunity.
Mammoth Holdings' multi-brand portfolio includes Busy Bee Car
Wash, Coastal Carwash, Finish Line Car Wash, Galaxies Express Car
Wash, In & Out Express Carwash, Jax Kar
Wash, Lulu's Express Car Wash, Marc-1 Car Wash, Mr. Squeaky
Car Wash, Pals Carwash, Pitstop Car Wash, PureMagic Carwash,
Silverstar Car Wash, Speedy Clean Car Wash, Suds Car Wash,
Swifty Car Wash, Today's Car Wash,
Ultra Car Wash, Wash Me Fast, Wash-N-Go Express Car Wash, and Wiggy
Wash.
Mammoth has significant growth capital available and is actively
seeking acquisitions and development opportunities.
In October 2018, Mammoth partnered
with Red Dog Equity LLC, an Atlanta-based private equity firm, which,
through its partnership with Tom
Pritzker's family business interests (advised by The
Pritzker Organization), provided the equity for Mammoth Holdings'
corporate development initiatives. In December 2022, Mammoth sold a minority stake to
CCMP Growth Advisors that provided Mammoth with additional capital
to pursue building new units and making acquisitions.
Oak Hill Advisors provides Mammoth Holdings' debt financing
through its direct lending partnership with BMO Capital
Markets.
About Mammoth Holdings
Headquartered in Dallas, Texas,
Mammoth Holdings, LLC operates 141 conveyor car washes
under the Busy Bee Car Wash, Coastal Carwash, Finish Line Car
Wash, Galaxies Express Car Wash, In & Out Express Carwash,
Jax Kar Wash, Lulu's Express Car
Wash, Marc-1 Car Wash, Mr. Squeaky Car Wash, Pals Carwash, Pitstop
Car Wash, PureMagic Carwash, Silverstar Car Wash, Speedy Clean Car
Wash, Suds Car Wash, Swifty Car
Wash, Today's Car Wash, Ultra Car Wash, Wash Me Fast,
Wash-N-Go Express Car Wash, and Wiggy Wash brands in Alabama, Florida, Georgia, Illinois, Indiana, Iowa, Kentucky, Louisiana, Minnesota, Mississippi, Missouri, Nebraska, North
Dakota, South Carolina,
South Dakota, Tennessee, Texas, Utah.
Mammoth Holdings was founded by Gary
Dennis and Chip Hackett in
2002. To learn more, please visit
mammothholdings.com.
About Red Dog Equity
Red Dog Equity LLC is a private
equity firm that invests in lower middle-market companies poised
for strong growth in partnership with driven, entrepreneurial
business leaders ("Red Dogs"). To learn more, please visit
reddogequity.com.
About The Pritzker Organization
The Pritzker
Organization is the merchant bank for the business interests of the
Tom Pritzker family. Additional
information can be found at pritzkerorg.com.
About CCMP Growth Advisors
CCMP Growth Advisors, LP
("CCMP Growth") is a New York
based growth-oriented private equity firm focused on making lead
buyout and growth equity investments in middle-market companies in
the Consumer and Industrial sectors primarily in North America. CCMP Growth leverages the deep
investment experience of its team to identify high growth companies
in transition, and partners with management to help each platform
scale through strategic and operational support.
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SOURCE Mammoth Holdings