Wasatch Express Car Wash, a one-unit car wash operator with operations in Utah, has agreed to join Mammoth Holdings, an express car wash platform. Monroe Capital and Morgan Stanley provided debt financing to Mammoth Holdings in connection with the transaction. The owners of Wasatch Express made equity investments in Mammoth Holdings.
“The Wasatch Express acquisition expands Mammoth’s footprint in one of our key growth markets.” Dave Hoffmann, chairman and CEO of Mammoth Holdings, said. “Mammoth will now have six stores in Utah, and we plan to rapidly expand our presence with seven more under development in the area.”
“We are excited to partner with the best operators in our region.” Gary Peterson, co-owner of Wasatch Express, said. “Mammoth made this process simple and easy for us, and the experience was frictionless.”
