Leonard Green to Merge with Mister Car Wash

Leonard Green & Partners is the buyer party in an announced merger involving Mister Car Wash, with the transaction documented in an SEC 8-K exhibit dated February 17, 2026. The agreement is structured as a merger between MCW Parent, LP, a merger sub, and Mister Car Wash, with additional provisions for the borrower.

The merger agreement includes standard closing mechanics such as an effective time, treatment of company common stock, and equity award exchange provisions. It also sets out interim operating covenants, including forbearance and a no-solicitation framework, plus conditions to closing and termination provisions.