Mammoth Holdings refinances to scale platform and drive growth

Mammoth Holdings refinances to scale platform, drive growth

DALLAS — The financing will help Mammoth achieve its goal of reaching 500 sites across the country.

DALLAS — Mammoth Holdings LLC announced in a press release the refinancing of its operations through Oak Hill Advisors (OHA) totaling more than $500 million in size.

The funding will support Mammoth’s long-term growth strategy of acquiring existing carwash brands and opening greenfield locations.

Mammoth’s operating platform maintains more than 100 locations through its multi-brand portfolio.

The financing will help Mammoth achieve its goal of reaching 500 sites across the country by providing resources and opportunities to its owner-operators.

“We are focused on scaling our platform and delivering on our growth strategy for Mammoth and its holders. With OHA’s extensive industry knowledge, they are the partner of choice in supporting this transaction,” said Dave Hoffmann, chairman and CEO of Mammoth. “Our team looks forward to a long-term partnership with such a well-respected lending group like OHA in supporting our operations.”

“We are pleased to harness our specialized knowledge and financing capabilities to support the continued growth and development opportunities for Mammoth and its equity providers,” said Eric Muller, portfolio manager and partner at OHA in separate release.

Mammoth Holdings is the first carwash platform formed by industry insiders and has operating locations across the country.

You May Also Like

Soapy Joe’s Car Wash launches Build a Ballpark promotion

SAN DIEGO — Through Sept. 30, Wash Club members can visit, collect and win, all to celebrate Magic Graphene.

soapy-joes-build-a-ballpark

SAN DIEGO — Soapy Joe's Car Wash, the family-owned carwash with locations across San Diego County, announced in a press release the launch of its newest promotion for wash club members: Build a Ballpark, featuring San Diego Padres' pitcher, Joe Musgrove.

Now through Sept. 30, Wash Club members can visit all 24 Soapy Joe's locations to collect exclusive Joe Musgrove air fresheners and qualify to win swag and cash prizes.

ZIPS Car Wash Louisville re-grand opening celebration

LOUISVILLE, Ky. — The celebration featured Folds of Honor Scholarship recipients, part of ZIPS partnership with the organization.

zips-grand-re-opening
Mammoth Holdings opens Silverstar Car Wash in Illinois

DALLAS — Mammoth Holdings is expanding its multi-brand portfolio to 142 locations by opening this new Silverstar Car Wash location.

25th Mammoth location under the Silverstar Car Wash brand.
Quick Quack Car Wash celebrates opening in Brownsville, Texas

BROWNSVILLE, Texas — The award-winning carwash chain held a special fundraiser, offering free washes from July 3 to July 14.

Quick Quack Car Wash logo
ISTOBAL opens a new subsidiary in Hungary

VALENCIA, Spain — The leading vehicle wash and care solutions group has acquired CarWash Hungary to accelerate its growth in Eastern Europe.

istobal-hungary
Other Posts
10 stars for the 10th Women in Carwash Conference

The 10th biannual conference met June 16-18 at the Hilton Salt Lake City Centre, Utah, drawing women from across the U.S. and Canada.

women-in-carwashing
Vehicle Care Rock Star: Destiny Baker, Agent of Change

Destiny Baker is head of training, learning and development at Mammoth Holdings, one of the largest carwash platforms in the U.S.

Vehicle Care Rockstar Destiny Baker
DRB bolsters sales team with two new hires

AKRON, Ohio — Jason Wray and Shelly Eddy join the DRB sales team with years of experience, aiming to support tunnel carwash operator success.

DRB-logo
Cheetah Clean Auto Wash to open 12th location

BOWLING GREEN, Ky. — Cheetah Clean Auto Wash expands to Gallatin, Tennessee, marking its 12th location set to open in October 2024.