Monroe Capital acted as sole lead arranger and administrative agent on the funding of a senior credit facility to support Mammoth Holdings’ acquisitions of Marc-1 Car Wash and Wash Me Fast.
Founded in 2002 and based in Atlanta, Mammoth operates express conveyor car washes and one flex service car wash under the Swifty, Ultra, Pals, and QuickWash Express brands in Georgia and Alabama.
With the acquisitions of Birmingham-based Marc-1 Car Wash and Atlanta-based Wash Me Fast, Mammoth has now formed a 22-unit “operator-focused” conveyor car wash platform.
Mammoth partnered with private equity sponsor Red Dog Equity, which, through its partnership with Tom Pritzker’s family business interests, provided the equity for the acquisitions and purchased a controlling interest in Mammoth.
Monroe Capital’s facility will support the equity group’s plan for future acquisitions.
