Leonard Green to Take Mister Car Wash Private in $3.1 Billion Acquisition

Mister Car Wash (MCW) has entered into a definitive merger agreement to be acquired by funds managed by Leonard Green & Partners (LGP) in an all-cash transaction. Under the terms of the deal, shareholders will receive $7.00 per share, valuing the company at an enterprise value of approximately $3.1 billion. The move will transition the company to private ownership, with Leonard Green already holding a dominant 67% stake and serving as a strategic partner since 2014. This acquisition provides a clear price floor and a premium for minority shareholders, likely causing the stock to trade near the offer price. The transaction underscores the ongoing trend of private equity firms consolidating ownership in resilient service-sector businesses. The deal is subject to customary closing conditions before the company is officially delisted from public markets.