Mammoth Holdings LLC, Americaās premier express car wash platform, announced the recent opening of its newest location, Silverstar Car Wash in Fargo, North Dakota. The new site aligns with Mammothās dual growth strategy of developing greenfield locations while also acquiring existing brands.
āWeāre pleased to serve the Fargo area with a state-of-the-art facility and world class customer service,ā said Dave Hoffmann, Chairman and CEO of Mammoth Holdings. āThe newest location is the companyās 10th greenfield opening this year and represents another step forward towards our goal of 500 sites.ā
With five locations now in the Fargo market, this new site is set to become a go-to destination for car owners in the area, providing convenience and top-notch service to every car and every customer. The site is the 22nd Mammoth location under the Silverstar Car Wash brand.
Mammoth Holdings is the first car wash platform formed by industry insiders and has 122 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 Holdingsā multi-brand portfolio includes Busy Bee Car Wash, Coastal Carwash, Finish Line Car Wash, In & Out Express Carwash, Jax Kar Wash, Luluās 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, Ultra Car Wash, Wash Me Fast, Wash-N-Go Express Car Wash, and Wiggy Wash.
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 Pritzkerās family business interests (Advised by The Pritzker Organization), provides the equity for Mammoth Holdingsā corporate development initiatives. Monroe Capital and Morgan Stanley provide Mammoth Holdingsā debt financing.
About Mammoth Holdings
Headquartered in Dallas, Mammoth Holdings operates 121 conveyor car washes under the Busy Bee Car Wash, Coastal Carwash, Finish Line Car Wash, In & Out Express Carwash, Jax Kar Wash, Luluās 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, Ultra Car Wash, Wash Me Fast, Wash-N-Go Express Car Wash, and Wiggy Wash brands in Georgia, Alabama, Kentucky, Illinois, Utah, South Carolina, Mississippi, Louisiana, Indiana, Missouri, Tennessee, North Dakota, South Dakota, Iowa, Nebraska, and Florida.
Mammoth Holdings was founded by Gary Dennis and Chip Hackett in 2002. To learn more, please visit mammothholdings.com.
About OHA
OHA is a leading global alternative investment firm specializing in private lending, distressed credit, structured credit, real assets, special situations, leveraged loans and high yield bonds. OHA manages approximately $63 billion of capital across credit strategies in pooled funds, collateralized loan obligations and single investor mandates as of September 30, 2023. The firm’s global, primarily institutional investor base includes pension funds, sovereign wealth funds, insurance companies, foundations, endowments, fund of funds, family offices and high net worth individuals. OHA is the private markets platform of T. Rowe Price Group, Inc. (NASDAQ ā GS: TROW). For more information, please visit Oak Hill Advisors.
About Red Dog Equity LLC
Red Dog Equity LLC is a private equity firm that invests in lower middle-market companies poised for strong growth in partnership with driven, entrepreneurial business leaders (āRed Dogsā). To learn more, please visit reddogequity.com.
About The Pritzker Organization
The Pritzker Organization is the merchant bank for the business interests of the Tom Pritzker family. Additional information can be found at pritzkerorg.com.
