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Mister Car Wash Acquires Top Wash In Minnesota

Aug 03, 2022about 3 years ago

Acquiring Company

Mister Car Wash

Acquired Company

WASH Multifamily Holdings

TucsonAutomotive

Description

Mister Car Wash, Inc. (the "Company" or "Mister"; NYSE: MCW) today announced the successful acquisition of Top Wash, three express exterior locations in Anoka, Fridley and Champlin, Minnesota.

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