DALLAS, July 22,
2024 /PRNewswire/ -- Mammoth Holdings LLC, America's
premier express car wash platform, announced the recent opening of
its newest location, Silverstar Car Wash in Clive, IA. This is Mammoth's latest site
opening, adding to the momentum of reaching 500 sites
nationwide.
"Today's Silverstar opening marks the beginning of Mammoth's
service to the Greater Des Moines
area with more sites planned," said Dave Hoffmann, Chairman and CEO of Mammoth
Holdings. "We are pleased to provide a state-of-the-art
experience to Clive and look forward to serving the area for
years to come."
The site will become a go-to destination for car owners in
Clive, providing convenience and
best in class service to customers. Today's opening marks the 30th
Mammoth location under the Silverstar Car Wash brand.
Mammoth Holdings is the first car wash platform formed by
industry insiders and has 144 operating locations. The company is
pursuing a dual growth strategy of developing greenfield operations
and acquiring existing brands. 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 144 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.
View original content to download
multimedia:https://www.prnewswire.com/news-releases/mammoth-holdings-opens-silverstar-car-wash-in-greater-des-moines-ia-302202707.html
SOURCE Mammoth Holdings