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Mister Car Wash Acquires Speedwash In Victor Valley, California

Apr 29, 2022•over 3 years ago

Acquiring Company

Mister Car Wash

Acquired Company

Speedwash

TucsonAutomotive

Description

Mister Car Wash, Inc. (the "Company" or "Mister"; NYSE: MCW) today announced the successful acquisition of Speedwash, which includes four express exterior locations in Victorville and Hesperia, CA.

Company Information

Company

Mister Car Wash

Location

Tucson, Arizona, United States

About

Headquartered in Tucson, Arizona, Mister Car Wash (NYSE: MCW) operates over 340 car washes nationwide and has the largest car wash subscription program in North America. The Mister brand is anchored in quality, friendliness and a commitment to creating memorable customer experiences. People are what make us successful and allow us to achieve these high standards. We continue to focus on recruiting and retaining top talent, developing best-in-class training programs and investing in employee benefits to cultivate a positive company culture that brings to life the Mister experience.

M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed