Mammoth Holdings LLC, America's premier express car wash platform, launched its newest location on August 5th in Prattville, Alabama, which will operate under The Wash banner, one of Mammoth's recent brand acquisitions. The site, located outside Montgomery, Alabama, features a new building and equipment, and highlights Mammoth's rapidly accelerating ground-up development strategy.
The Wash in Prattville is a step forward in our vision to open 500 sites over the next 5 years, said Dave Hoffmann, CEO of Mammoth Holdings. Greenfield construction is a key element of our growth strategy and opening the Prattville location advances our plans to expand new site development alongside ongoing acquisition activity.
The Prattville location is one of dozens of new sites under development that Mammoth plans to complete in the coming months, expanding its overall footprint throughout the United States. The Wash locations expand Mammoth's footprint within the Alabama market to 18 operating locations.
Mammoth Holdings is the first car wash platform formed by industry insiders and has 106 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 Coastal Carwash, Shine-N-Go, SUDS, Silverstar, Busy Bee, PureMagic, Marc-1, Ultra, Wash Me Fast, Wiggy Wash, Pals, Finish Line, LuLu's, Ollie's, PitStop, and Swifty, among others.
Mammoth has significant growth capital 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), provides the equity for Mammoth Holdings' corporate development initiatives. Monroe Capital and Morgan Stanley provide Mammoth Holdings' debt financing.
