Mammoth Holdings Opens Silverstar Car Wash in Greater Des Moines, IA

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Jul 22, 2024, 09:04 ET

DALLAS, July 22, 2024 /PRNewswire/ -- Mammoth Holdings LLC, America's premier express car wash platform, announced the recent opening of its newest location, Silverstar Car Wash in Clive, IA. This is Mammoth's latest site opening, adding to the momentum of reaching 500 sites nationwide.

"Today's Silverstar opening marks the beginning of Mammoth's service to the Greater Des Moines area with more sites planned," said Dave Hoffmann, Chairman and CEO of Mammoth Holdings. "We are pleased to provide a state-of-the-art experience to Clive and look forward to serving the area for years to come."

The site will become a go-to destination for car owners in Clive, providing convenience and best in class service to customers. Today's opening marks the 30th Mammoth location under the Silverstar Car Wash brand.

Mammoth Holdings is the first car wash platform formed by industry insiders and has 144 operating locations. The company is pursuing a dual growth strategy of developing greenfield operations and acquiring existing brands. Mammoth is customer-focused operationally; operator-focused in its approach to acquisitions; and seeks to be the partner-of-choice for car wash operators who desire liquidity, growth capital, and a tax-deferred equity investment opportunity.

Mammoth Holdings' multi-brand portfolio includes Busy Bee Car Wash, Coastal Carwash, Finish Line Car Wash, Galaxies Express Car Wash, In & Out Express Carwash, Jax Kar Wash, Lulu's Express Car Wash, Marc-1 Car Wash, Mr. Squeaky Car Wash, Pals Carwash, Pitstop Car Wash, PureMagic Carwash, Silverstar Car Wash, Speedy Clean Car Wash, Suds Car Wash, Swifty Car Wash, Today's Car Wash, Ultra Car Wash, Wash Me Fast, Wash-N-Go Express Car Wash, and Wiggy Wash.

Mammoth has significant growth capital available and is actively seeking acquisitions and development opportunities.

In October 2018, Mammoth partnered with Red Dog Equity LLC, an Atlanta-based private equity firm, which, through its partnership with Tom Pritzker's family business interests (advised by The Pritzker Organization), provided the equity for Mammoth Holdings' corporate development initiatives. In December 2022, Mammoth sold a minority stake to CCMP Growth Advisors that provided Mammoth with additional capital to pursue building new units and making acquisitions.

Oak Hill Advisors provides Mammoth Holdings' debt financing through its direct lending partnership with BMO Capital Markets.

About Mammoth Holdings

Headquartered in Dallas, Texas, Mammoth Holdings, LLC operates 144 conveyor car washes under the Busy Bee Car Wash, Coastal Carwash, Finish Line Car Wash, Galaxies Express Car Wash, In & Out Express Carwash, Jax Kar Wash, Lulu's Express Car Wash, Marc-1 Car Wash, Mr. Squeaky Car Wash, Pals Carwash, Pitstop Car Wash, PureMagic Carwash, Silverstar Car Wash, Speedy Clean Car Wash, Suds Car Wash, Swifty Car Wash, Today's Car Wash, Ultra Car Wash, Wash Me Fast, Wash-N-Go Express Car Wash, and Wiggy Wash brands in Alabama, Florida, Georgia, Illinois, Indiana, Iowa, Kentucky, Louisiana, Minnesota, Mississippi, Missouri, Nebraska, North Dakota, South Carolina, South Dakota, Tennessee, Texas, Utah.

Mammoth Holdings was founded by Gary Dennis and Chip Hackett in 2002. To learn more, please visit mammothholdings.com.

About Red Dog Equity
Red Dog Equity LLC is a private equity firm that invests in lower middle-market companies poised for strong growth in partnership with driven, entrepreneurial business leaders ("Red Dogs"). To learn more, please visit reddogequity.com.

About The Pritzker Organization
The Pritzker Organization is the merchant bank for the business interests of the Tom Pritzker family. Additional information can be found at pritzkerorg.com.

About CCMP Growth Advisors
CCMP Growth Advisors, LP ("CCMP Growth") is a New York based growth-oriented private equity firm focused on making lead buyout and growth equity investments in middle-market companies in the Consumer and Industrial sectors primarily in North America. CCMP Growth leverages the deep investment experience of its team to identify high growth companies in transition, and partners with management to help each platform scale through strategic and operational support.

SOURCE Mammoth Holdings