Mammoth Holdings, LLC, an Atlanta-based conveyor car wash operator, has acquired Lulu’s Express, a six unit express conveyor car wash operator in Georgia and South Carolina. Lulu’s founders, Carlos Marban and Robert Black, made significant equity investments in Mammoth.
Gary Dennis, Mammoth’s co-founder and CEO, said, “Lulu’s is a great fit for Mammoth and extends our network of washes across I-20 into South Carolina. Lulu’s is a leading car wash provider in its market, and we are looking forward to continuing to develop this region to better serve our customers.”
Robert Black, Lulu’s co-founder, said, “I had heard great things about Mammoth’s team, which has many former owners like Carlos [Marban] and me. They know what it’s like to sell something you’ve put your heart and soul into, and the wonderful experience they’ve had being part of Mammoth assured us we were making the right decision.”
“We are excited about joining Mammoth,” co-founder Carlos Marban said. “We know they’ll take great care of our customers and employees and continue to give us pride in what we built.”
Amplify Car Wash Advisors advised Lulu’s on the transaction. Jeff Pavone, Amplify’s founder, said, “It was a pleasure working with Mammoth. They did everything they promised to do, were flexible when we needed it, and treated our clients and us with respect from start to finish.”
Mammoth is the 8th largest conveyor car wash operator in the United States according to Commercial Plus’s Top 100 list. Headquartered in Atlanta, Ga., Mammoth Holdings operates 53 conveyor car washes under the Marc-1, QuickWash Express, Ultra, Wash Me Fast, Wiggy Wash, Pals, Finish Line, Shine On, Lulu’s, PitStop, and Swifty brands in Georgia, Alabama, Kentucky, Illinois, Utah, South Carolina, Mississippi, Louisiana, Indiana, and Tennessee. Mammoth was founded by Gary Dennis and Chip Hackett in 2002
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), provides the equity for Mammoth’s corporate development initiatives. Monroe Capital provides Mammoth’s debt financing.