Leonard Green & Partners has agreed to acquire Mister Car Wash in an all-cash transaction valued at $3.1 billion, or $7.00 per share, according to an announcement that sent the company's stock up 16.39%. The per-share price represents a 29% premium to the 90-day volume-weighted average price, reflecting investor confidence in the deal's valuation.
The acquisition comes as Mister Car Wash reaches significant operational milestones. The company crossed the $1 billion annual revenue threshold in 2025 for the first time, driven by 6% revenue growth and 8% adjusted EBITDA expansion. These record financial results underscore the strength of the business model that attracted the private equity buyer.
The transaction marks a strategic exit for current shareholders and positions Mister Car Wash for potential operational enhancements under Leonard Green's ownership. The deal is expected to close subject to customary closing conditions and regulatory approvals.