Mammoth Holdings LLC, America's premier express car wash platform, announced the recent opening of its newest location, PureMagic Carwash in Karns, Tennessee, in the greater Knoxville area. The new site aligns with Mammoth's dual growth strategy of developing greenfield locations while also acquiring existing brands.
"Karns customers can expect to be treated to a quality car wash every time," said Dave Hoffmann, Chairman and CEO of Mammoth Holdings. "Mammoth continues to build momentum of reaching 500 sites across the country with this tenth opening in the greater Knoxville area."
The site will become a go-to destination for car owners in the greater Knoxville area, providing convenience and best in class service to customers. This opening marks the tenth Mammoth location under the PureMagic Carwash brand.
Mammoth Holdings is the first car wash platform formed by industry insiders and has 136 operating locations. 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.
