About Mister Car Wash
Mister Car Wash is a company based in Tucson (United States) founded in 1969 was acquired by Leonard Green and Partners in July 2014.. Mister Car Wash has raised $67.88 million across 3 funding rounds from investors including Penfund, ONCAP and Leonard Green and Partners. The company has 6,640 employees as of December 31, 2024. Mister Car Wash has completed 15 acquisitions, including Clean Streak Ventures, Cruz Thru Car Wash and Daddy O’s Car Wash. Mister Car Wash offers products and services including Unlimited Wash Club, Titanium 360°, HotShine® Carnauba Wax, Platinum Repel Shield, and Wheel Polish. Mister Car Wash operates in a competitive market with competitors including Mammoth Holdings, Quick Quack Car Wash, Spotless Brand, Caliber Car Wash and Tidal Wave Auto Spa, among others.
- Headquarter Tucson, United States
- Employees 6640 as on 31 Dec, 2024
- Stage Public
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Sectors
Transportation, Automotive & Logistics
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Mister Car Wash, Inc.
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Annual Revenue
$994.73 M7.3as on Dec 31, 2024
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Net Profit
$70.24 M-12.34as on Dec 31, 2024
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EBITDA
$272.73 M9.77as on Dec 31, 2024
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Total Equity Funding
$67.88 M (USD)
in 3 rounds
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Latest Funding Round
$1.14 B (USD), Debt – Conventional
May 23, 2019
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Investors
Penfund
& 3 more
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Employee Count
6640
as on Dec 31, 2024
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Investments & Acquisitions
Clean Streak Ventures
& 14 more
- Acquired by
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IPO & Listings of Mister Car Wash
Mister Car Wash is a publicly listed company on the NASDAQ with ticker symbol MCW in USA, operating in the Consumer services sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
Products & Services of Mister Car Wash
Mister Car Wash offers a comprehensive portfolio of products and services, including Unlimited Wash Club, Titanium 360°, HotShine® Carnauba Wax, Platinum Repel Shield, and Wheel Polish. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Monthly plan for unlimited car washes and maintenance
Enhances shine and protects vehicle underbody from elements
Provides rich protection and superior shine for cars
Fends off water, dirt, and bugs on vehicle surfaces
Targets and protects wheels from brake dust buildup
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Funding Insights of Mister Car Wash
Mister Car Wash has successfully raised a total of $67.88M across 3 strategic funding rounds. The most recent funding activity was a Debt – Conventional round of $1.14 billion completed in May 2019. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 3
- Last Round Debt – Conventional — $1.1B
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First Round
First Round
(01 Apr 2007)
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| May, 2019 | Amount | Debt – Conventional - Mister Car Wash | Valuation |
investors |
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| Oct, 2014 | Amount | Private Equity Round - Mister Car Wash | Valuation |
investors |
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| Apr, 2007 | Amount | Private Equity Round - Mister Car Wash | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Mister Car Wash
Mister Car Wash has secured backing from 4 investors, including venture fund investors. Prominent investors backing the company include Penfund, ONCAP and Leonard Green and Partners. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Penfund is engaged in direct lending to middle-market companies.
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Founded Year | Domain | Location | |
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Middle market private equity investments are managed by ONCAP.
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Founded Year | Domain | Location | |
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Recapitalizations are targeted through private equity investments by the firm.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Mister Car Wash
Mister Car Wash has strategically engaged in corporate development activities, having acquired 15 companies. Notable acquisitions include Clean Streak Ventures, Cruz Thru Car Wash and Daddy O’s Car Wash. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
|
2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Car washing services are provided by Rapidxpress in Visalia.
|
2020 | ||||
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Car washing services are provided in Orlando.
|
2019 | ||||
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Car washing and window tinting services are provided in Thibodaux.
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2019 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Mister Car Wash
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Mister Car Wash Comparisons
Competitors of Mister Car Wash
Mister Car Wash operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Mammoth Holdings, Quick Quack Car Wash, Spotless Brand, Caliber Car Wash and Tidal Wave Auto Spa, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Provider of car washing services
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| domain | founded_year | HQ Location |
Car washing services are provided by Quick Quack Car Wash.
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| domain | founded_year | HQ Location |
Provider of car washing services
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| domain | founded_year | HQ Location |
Car wash services are booked via an online membership platform.
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| domain | founded_year | HQ Location |
Car washing services are offered across various locations.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Mister Car Wash
Frequently Asked Questions about Mister Car Wash
When was Mister Car Wash founded?
Mister Car Wash was founded in 1969 and raised its 1st funding round 38 years after it was founded.
Where is Mister Car Wash located?
Mister Car Wash is headquartered in Tucson, United States. It is registered at Tucson, Arizona, United States.
Who is the current CEO of Mister Car Wash?
John Lai is the current CEO of Mister Car Wash.
Is Mister Car Wash a funded company?
Mister Car Wash is a funded company, having raised a total of $67.88M across 3 funding rounds to date. The company's 1st funding round was a Private Equity Round of $52.78M, raised on Apr 01, 2007.
How many employees does Mister Car Wash have?
As of Dec 31, 2024, the latest employee count at Mister Car Wash is 6,640.
What is the annual revenue of Mister Car Wash?
Annual revenue of Mister Car Wash is $994.73M as on Dec 31, 2024.
What does Mister Car Wash do?
Mister Car Wash was founded in 1969 and is headquartered in Tucson, United States. As the largest car wash operator in North America, more than 425 locations are managed nationwide. Services include standard washes with an emphasis on efficiency, alongside a monthly Unlimited plan for repeat access. Operations focus on the automotive care sector, serving customers throughout the region.
Who are the top competitors of Mister Car Wash?
Mister Car Wash's top competitors include Mammoth Holdings, Quick Quack Car Wash and Spotless Brand.
What products or services does Mister Car Wash offer?
Mister Car Wash offers Unlimited Wash Club, Titanium 360°, HotShine® Carnauba Wax, Platinum Repel Shield, and Wheel Polish.
Is Mister Car Wash publicly traded?
Yes, Mister Car Wash is publicly traded on NASDAQ under the ticker symbol MCW.
How many acquisitions has Mister Car Wash made?
Mister Car Wash has made 15 acquisitions, including Clean Streak Ventures, Cruz Thru Car Wash, and Daddy O’s Car Wash.
Who are Mister Car Wash's investors?
Mister Car Wash has 4 investors. Key investors include Penfund, ONCAP, Leonard Green and Partners, and Hover Realnames.
What is Mister Car Wash's ticker symbol?
The ticker symbol of Mister Car Wash is MCW on NASDAQ.
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