Mister Car Wash finalizes $3.1B take-private acquisition by Leonard Green
Mister Car Wash (NASDAQ:MCW) announced the successful completion of its take-private acquisition by investment funds managed by private equity firm Leonard Green & Partners (LGP), finalizing an all-cash transaction valued at an enterprise total of $3.1 billion.
Under the terms of the transaction, which was initially agreed upon on February 18, 2026, LGP acquired all outstanding shares of common stock it did not already control for $7 per share in cash.
Prior to the merger agreement, affiliates of Los Angeles-based LGP maintained a beneficial ownership stake of approximately 67% in the car wash provider.
As part of the closure, members of Mister Car Wash's executive leadership team rolled over a portion of their existing equity holdings into the new private entity.
The closing brings a definitive end to Mister Car Wash's tenure as a publicly traded entity.
The company's common stock has officially ceased trading and will be immediately delisted from the Nasdaq Global Market.
The transaction received unanimous recommendation from a Special Committee of independent directors, advised by BofA Securities and Centerview Partners, before securing final board approval.
The buyout price represents a 29% premium over the company's 90-day volume-weighted average share price leading up to the February announcement.
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