PRIVATE EQUITY OWNED
Mister Car Wash
Includes Mister Carwash, MCW
car wash · Tucson, AZ
- PE Firm
- Leonard Green & Partners →
- Year Acquired
- 2026
Your car wash subscription is funding a $3.1 billion buyout.
What They Did
- Leonard Green closed its take-private of Mister Car Wash in May 2026 at $7.00 per share and a $3.1 billion enterprise value, and the stock was delisted from Nasdaq
- LGP already owned 67% of the shares before the deal, so minority stockholders never got a vote
- Nation's largest car wash chain with 548 locations and $1.05 billion in 2025 revenue
- Leonard Green also took a majority stake in subscription gym chain Crunch Fitness in 2025
Since the Acquisition
- Its 15 Tucson locations carry a D-minus BBB rating, with the company not responding to 36 of 52 damage complaints over three years for broken windows and dangling mirrors
- The Unlimited Wash Club renews every month on its own, nationwide, and you have to cancel a full week ahead or eat another month, with no refund for the time you won't use
- And if a charge is wrong, good luck fighting it: the membership terms push every dispute into private arbitration and waive your right to join a class action, so you're on your own against the nation's biggest car-wash chain
Sources
- Mister Car Wash to Be Taken Private by LGP — Globe Newswire(2026-02-18)
- Mister Car Wash Announces Completion of Take-Private by Leonard Green & Partners — PR Newswire(2026-05-19)
- Mister Car Wash agrees to $7 LGP buyout — Carwash.com(2026-02-18)
- Some Tucson Drivers Complain About Damage at Area Car Washes — Arizona Daily Star(2025-10-31)
- Mister Car Wash Announces Fourth Quarter and Full Year 2025 Results — Investor Relations(2026-02-18)
- Unlimited Wash Club Membership Plan Terms — Mister Car Wash (official)(2026-06-18)
- Crunch Fitness Announces Strategic Investment from Leonard Green & Partners — PR Newswire(2025-04-15)