Monroe Capital increased its credit facility to Mammoth Holdings to support the company’s acquisition of Lulu’s Express.
Lulu’s is a six-unit express conveyor car wash operator in Georgia and South Carolina. It will join Mammoth’s multi-brand portfolio of conveyor carwash platforms, which includes Marc-1, Wash Me Fast, Swifty, Ultra, Finish Line, Wiggy Wash, Shine On, Pit Stop and Fast Trac, among others.
In October 2018, Mammoth partnered with Red Dog Equity, an Atlanta-based private equity firm, which provides the equity for Mammoth’s corporate development initiatives.
