Mister Car Wash sale finalized - Professional Carwashing & Detailing

Mister Car Wash sale finalized

TORONTO, Ontario — The selling company saw an internal rate of return of 36 percent.

TORONTO, Ontario — ONCAP II has completed the sale of Car Wash Partners, Inc. (Mister Car Wash) to Leonard Green & Partners after seven years of ownership, according to a press release.

ONCAP II acquired Mister Car Wash in April 2007 and grew the business from 39 locations to more than 130, said the release. Its original investment in the Mister Car Wash brand was $52 million, and it received net proceeds of $423 million, said the release.

More articles on: Mister Car Wash

Mister Car Wash is the largest independent full-service carwash chain in the U.S., noted the release.

“This is a great outcome for everyone involved,” said Michael Lay, managing partner of ONCAP, in the release. “The management team has done a terrific job building the leading platform in the car wash space and we are confident they will continue their strong growth trajectory going forward.”

Click here to read the entire press release.

You May Also Like

Soapy Joe’s to celebrate ninth Soapy Joe’s Day

SAN DIEGO — Soapy Joe’s celebration also includes sign-ups for free Magic Joe carwashes and trying to break a world record.

Soapy Joe's to celebrate ninth Soapy Joe's Day

SAN DIEGO — Soapy Joe's Car Wash announced in a press release that April 18, 2024, will be the ninth annual Soapy Joe's Day.

Soapy Joe’s Car Wash will celebrate by offering the public free Magic Joe carwashes, a $20 value, and aims to set a new Guinness World Record for most high fives by a mascot in one minute.

International Carwash Association welcomes Ben Higgs

WHEATON, Ill. — Higgs brings extensive experience from the auto dealer market to enhance the renowned LEAD carwash manager training program.

ica welcomes ben higgs
D&S Car Wash Supply acquires WashCard Systems

HIGH RIDGE, Mo. — WashCard develops payment hardware and software technology for the carwash sector, including tap-based payment methods.

Spark Car Wash Mount Holly hosts ribbon cutting with mayor

MOUNT HOLLY, N.J. — Mayor Chris Banks celebrated the opening of the new Spark Car Wash in the Mount Holly/Lumberton, New Jersey area. 

ScrubaDub, Cradles to Crayons help kids’ shoe needs

BOSTON — The program aims to provide proper footwear to local children living in homeless or low-income situations.

Other Posts

Car Wash Convos™ highlights University of Tennessee softball star

KNOXVILLE, Tenn. — In this episode, Kiki Milloy shares how her parents inspired her competitive spirit on the field.

Kiki Milloy Car Wash Convos
Metro Express Car Wash to celebrate its 50th anniversary  

GARDEN CITY, Idaho — The celebration will honor Metro Express Car Wash’s history and support the Boys and Girls Club of Ada County.

Metro Express announces 2 new locations in Idaho
Splash opens second Vermont location

MILFORD, Conn. — The Shelburne wash features a 145-foot tunnel outfitted with 30 self-service vacuums, half of which are located indoors, and are free of charge to customers.

Rinsed completes integration with DRB® Patheon®

NEW YORK — This integration demonstrates Rinsed’s ongoing commitment to supporting more DRB customers.