Key Takeaways
- • Leonard Green & Partners completed a take-private transaction of Mister Car Wash at $7 per share, valuing the company at an enterprise value of $3.1 billion.
- • The transaction removes Mister Car Wash from public markets, consolidating ownership under the Los Angeles-based private equity firm.
- • The deal represents a significant consumer retail acquisition for Leonard Green, expanding its portfolio in the car wash and automotive services sector.
Summary
Leonard Green & Partners has completed its take-private acquisition of Mister Car Wash at $7 per share, according to a filing dated May 19, 2026. The transaction values Mister Car Wash at an enterprise valuation of $3.1 billion, marking the conclusion of the buyout process.
The deal removes the car wash operator from public market scrutiny and places it under private equity ownership. At $7 per share, the transaction price reflects Leonard Green's valuation of the business and its growth prospects within the automotive services sector. The $3.1 billion enterprise value positions Mister Car Wash as a material acquisition for the Los Angeles-based private equity firm, which manages billions in assets across multiple sectors.
This take-private transaction aligns with broader private equity activity in consumer and retail services, where established platforms with recurring revenue models and operational scaling opportunities attract sponsor interest. Mister Car Wash's business model—characterized by membership-based revenue and multi-location operations—offers the leverage and cash flow generation typical of assets targeted in such transactions.
The deal removes the car wash operator from public market scrutiny and places it under private equity ownership. At $7 per share, the transaction price reflects Leonard Green's valuation of the business and its growth prospects within the automotive services sector. The $3.1 billion enterprise value positions Mister Car Wash as a material acquisition for the Los Angeles-based private equity firm, which manages billions in assets across multiple sectors.
This take-private transaction aligns with broader private equity activity in consumer and retail services, where established platforms with recurring revenue models and operational scaling opportunities attract sponsor interest. Mister Car Wash's business model—characterized by membership-based revenue and multi-location operations—offers the leverage and cash flow generation typical of assets targeted in such transactions.
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