Tucson Acquisition Brings Mister Car Wash to 78 Car Washes
Tucson, AZ (January 25, 2012) – Mister Car Wash is excited to announce four new car washes and two lube centers have been acquired in their hometown of Tucson, AZ, from Capin Car Care Centers. This brings the company’s total operations to 78 car washes and 30 lube centers in seventeen markets and ten states.
Car Wash Partners (dba Mister HotShine Car Wash & Express Lube Centers) opened its corporate headquarters in Tucson in 1999, managing their car wash and express lube operations in nine other states from the southern Arizona city. With the acquisition of the Capin locations, the total number of Tucson employees increases from 45 to nearly 200. The stores are looking for
Ron Peterson, CEO of Mister Car Wash, said, “This is a monumental occasion for Mister Car Wash and our employees. The right local opportunity presented itself – these sites are in great locations and the Capin family and employees have built a business we’ll be proud to continue. We are excited to now be able to provide our services and products to our very own Tucson community after having operated from here for almost 13 years.”
The new sites will be remodeled and rebranded with expected grand opening events to take place May, 2012. The locations will remain open and service customers throughout the transition period. The changes will include: new tunnel equipment, implementing the company’s proprietary products and chemistry, and re-imaging the interiors and exteriors.
“Expanding into new markets is a central piece of our growth strategy and we’re continuously seeking additional single and multi-unit conveyor car wash opportunities to help fuel our growth,” said Peterson. For more information on our acquisition strategy, visit us at www.mistercarwash.com.
ABOUT MISTER CAR WASH
Mister Car Wash is the fastest growing car wash chain in the United States, operating 78 car washes and 30 Express Lubes in 10 states. The company is headquartered in Tucson, Arizona and has over 2,800 employees, washing more than 7 million vehicles annually. Additional information on Mister Car Wash may be found at www.mistercarwash.com. Mister Car Wash is an operating company of ONCAP.
ONCAP, in partnership with operating company management teams, invests in and builds shareholder value in North American small and mid-size companies that are leaders in their defined market niche and possess meaningful acquisition and organic growth potential. For more information on ONCAP, please visit www.oncap.com.
ONCAP is the mid-market private equity platform of Onex, one of North America's oldest and most successful investment firms committed to acquiring and building high-quality businesses in partnership with talented management teams. Onex manages investment platforms focused on private equity, real estate and credit securities. In total, Onex manages approximately $13 billion, of which $9 billion is third-party capital. Over 27 years, Onex has built approximately 70 businesses, generating 3.3 times the capital it has invested and managed, and earning a 29 percent compound annual return on invested capital. For more information on Onex, please visit www.onex.com.