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Mister Car Wash Acquires Speedwash In Victor Valley, California

Apr 29, 2022•about 3 years ago

Acquiring Company

Mister Car Wash

Acquired Company

Speedwash

TucsonAutomotive

Description

Mister Car Wash, Inc. (the "Company" or "Mister"; NYSE: MCW) today announced the successful acquisition of Speedwash, which includes four express exterior locations in Victorville and Hesperia, CA.

Company Information

Company

Mister Car Wash

Location

Tucson, Arizona, United States

About

Mister Car Wash, Inc. is the nation's largest car wash company, operating over 450 car washes nationwide with a focus on operational excellence and delivering a memorable customer experience through elevated hospitality. The company is headquartered in Tucson, AZ and has North America's largest car wash subscription program.

M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed