Mister Car Wash Acquired by Leonard Green & Partners | Consumer M&A Deal

Leonard Green & Partners has completed the acquisition of Mister Car Wash, a car wash business in the United States, for $3.1 billion. Mister Car Wash operates consumer car wash locations, providing wash services to drivers across its footprint and supporting recurring demand in the consumer sector. Leonard Green & Partners acquisitions focus on scaling service businesses, and this car wash acquisition adds a platform for growth in the car wash market. The going private acquisition is a private equity acquisition valued at over $100M, with the announced deal structure designed to take the company private and pursue operational improvements.