M&A Deal Summary

Mister Car Wash Acquires Clean Streak Ventures

On December 21, 2021, Mister Car Wash acquired consumer services company Clean Streak Ventures from MKH Capital Partners for 390M USD

Acquisition Highlights
  • This is Mister Car Wash’s 7th transaction in the Consumer Services sector.
  • This is Mister Car Wash’s largest (disclosed) transaction.
  • This is Mister Car Wash’s 11th transaction in the United States.
  • This is Mister Car Wash’s 3rd transaction in Florida.

M&A Deal Summary
Date 2021-12-21
Target Clean Streak Ventures
Sector Consumer Services
Buyer(s) Mister Car Wash
Sellers(s) MKH Capital Partners
Deal Type Add-on Acquisition
Deal Value 390M USD

Target

Clean Streak Ventures

Altamonte Springs, Florida, United States
website
Clean Streak Ventures is an express car wash platform operating under the Clean Machine and Top Dog Express brands. It provides modern express car wash locations on prime real estate with excellent wash quality and differentiated service for a growing base of recurring subscription members. Clean Streak Ventures is based in Altamonte Springs, Florida.

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Buyer(S) 1

Buyer

Mister Car Wash

Tucson, Arizona, United States

website

Category Company
Sector Consumer Services
Employees6,700
Revenue 758M USD (2021)
DESCRIPTION

Mister Car Wash operates car washes and lube centers across the US. The Company, headquartered in Tucson, Arizona services 15+ million vehicles annually.

DEAL STATS #
Overall 11 of 13
Sector (Consumer Services) 7 of 8
Type (Add-on Acquisition) 10 of 12
State (Florida) 3 of 3
Country (United States) 11 of 13
Year (2021) 5 of 5
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-12-07 Downtowner Car Wash

Cape Coral, Florida, United States

Downtowner Car Wash operates Car Wash centers that specialize in a variety of washing and detailing services. Downtowner Car Wash was founded in 1978 and is based in Cape Coral, Florida.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-04-29 Speedwash

Victorville, California, United States

Speedwash provides car wash services at four express exterior locations in Victorville and Hesperia, California.

Buy -

Seller(S) 1

SELLER

MKH Capital Partners

Investor Investor Investor Investor Investor

website

Category Private Equity Firm
Founded 2020
Size Small
Type Sector Agnostic
DESCRIPTION

MKH Capital Partners is a private investment firm focused on control buyouts and select minority of mid-sized companies valued between $20 and $300 million. The Firm will consider opportunities through the US, Canada, and Latin America with a focus on family or entrepreneur owned companies in search of a partner. MKH Capital Partners was formed in 2020 and is based in Coral Gables, Florida.

DEAL STATS #
Overall 1 of 1
Sector (Consumer Services) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Florida) 1 of 1
Country (United States) 1 of 1
Year (2021) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-05-18 Wax Center Partners

Roseville, California, United States

Wax Center Partners is a multi-unit franchisee of European Wax Center and plans continued unit growth through both new developments and additional acquisitions or partnerships in new and existing markets.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-01-31 Fertilitas Ventures

Arlington Heights, Illinois, United States

Fertilitas Ventures is a management services organization focused on fertility clinics. The company partners with fertility clinics and REIs across the United States and assists them with operational support, recruiting, and acquisition integration.

Buy -
Mergr

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