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Mister Car Wash Gains Entry To Inland Empire Via Speedwash Acquisition

Benzinga · 04/29/2022 14:45
  • Mister Car Wash Inc (NYSE:MCW) has acquired Speedwash, which includes four express exterior locations in Victorville and Hesperia, California. The financial terms of the deal were not disclosed.
  • Mister will be working with the Speedwash team to rebrand the stores and optimize service and product offerings in the coming months.
  • "Adding these high-quality locations makes for a strong entry into Victor Valley," said Casey Lindsay, VP, Corporate Development of Mister Car Wash.
  • The company held $19.9 million in cash and equivalents as of December 2021.
  • Price Action: MCW shares are trading lower by 0.22% at $14.47 on the last check Friday.