Mammoth Holdings LLC, an Atlanta-based conveyor car wash operator, has acquired two express conveyor car washes from Fast Trac Express Car Wash in Tuscaloosa, Ala., and Northport, Ala.
Marcus Kittrell, the founder of Mammoth’s Marc-1 brand and Mammoth’s Executive Vice President, said, “Fast Trac fits our existing footprint well as we expand our presence in Alabama.” He added, “Mammoth will now have 14 stores in the state providing our customers and unlimited wash club subscribers with expanded wash options.”
Fast Trac’s founder HM Nowlin said, “There’s no group I’d like my washes to be part of more than Mammoth, in large part, because of my respect for Marcus Kittrell.” He added, “They [Mammoth] structured a deal tailor-made to meet my needs and treated my team and me with respect from start to finish.” Following the transaction, Fast Trac will continue to own and operate three express conveyor car washes in Madison County, Ala. Fast Trac was founded by HM Nowlin in 2008.
Mammoth is the first car wash acquisition platform formed by industry-insiders and is the eighth largest express conveyor car wash operator in the United States. Headquartered in Atlanta, Ga., Mammoth Holdings operates 47 conveyor car washes under the Marc-1, Swifty, Ultra, Wash Me Fast, Wiggy Wash, Pals, Finish Line, Shine On, PitStop, and QuickWash Express brands in Georgia, Alabama, Kentucky, Indiana, Louisiana, Mississippi, Illinois, Utah, 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.