Mister Car Wash Acquires Daddy O’s Car Wash in El Paso, Texas

Rhea-AI Summary

Mister Car Wash, Inc. (NYSE: MCW) has successfully acquired Daddy O's Car Wash, adding three Express Exterior locations in the El Paso metro area. This acquisition increases Mister's presence in El Paso to 16 locations, enhancing customer access and service options. The stores will continue operations normally while Mister integrates and rebrands them. The company emphasizes operational excellence and customer experience, contributing to its position as the largest car wash subscription provider in North America.

Positive

• Acquisition of Daddy O's Car Wash expands Mister's footprint to 16 locations in El Paso.
• Increased customer access with new stores on northwest and eastern city corridors.
• Strategic growth through expansion aligns with Mister's operational excellence goals.

Negative

• None.

TUCSON, Ariz.--(BUSINESS WIRE)-- Mister Car Wash, Inc. (the "Company" or "Mister"; NYSE: MCW) today announced the successful acquisition of Daddy O’s Car Wash, three Express Exterior locations in the El Paso metro area. The deal brings the total number of Mister stores in El Paso to 16.

“The addition of these three stores complements our current presence in the city and provides our members and customers additional location options on both the northwest and eastern corridors of the city,” said Casey Lindsay, Vice President Corporate Development of Mister Car Wash. “We’re proud to welcome the Daddy O’s team to Mister Car Wash and excited for the future of these locations with the increased network of Mister stores in El Paso.”

Customers of Daddy O’s can expect the business to continue operating as normal in the near term. Throughout the coming months, Mister will be working with the team to rebrand the stores and optimize service and product offerings as they fully integrate the stores into the brand.

For information about services and career opportunities with Mister Car Wash, please visit www.mistercarwash.com.

About Mister Car Wash® | Inspiring People to Shine®

Headquartered in Tucson, Arizona, Mister Car Wash, Inc. (NYSE: MCW) operates over 360 car washes nationwide and has the largest car wash subscription program in North America. With over 25 years of car wash experience, the Mister team is focused on operational excellence and delivering a memorable customer experience through elevated hospitality. The Mister brand is anchored in quality, friendliness and a commitment to the communities we serve as good stewards of the environment and the resources we use. We believe that when you take care of your people, they will take care of your customers. To learn more visit: https://mistercarwash.com.

Forward-Looking Statements

This press release includes "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements in this press release include but are not limited to Mister Car Wash's expansion efforts and branding initiatives. Without limiting the foregoing, you can generally identify forward-looking statements by the use of forward-looking terminology, such as “will,” "anticipate," "believe," "continue," "could," "estimate," "expect," "intend," "may," "might," "plan," "potential," "predict," "seek," or "should," or the negative thereof or other variations thereon or comparable terminology. In addition, any statements or information that refer to expectations, beliefs, plans, projections, objectives, performance, or other characterizations of future events or circumstances, including any underlying assumptions, are forward-looking.

These forward-looking statements are based on management's current expectations and beliefs. These statements are neither promises nor guarantees, but involve known and unknown risks, uncertainties and other important factors that may cause the Company's actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements, including, but not limited to: developments involving the Company's competitors and its industry; the Company's ability to attract new customers, retain existing customers and maintain or grow its number of subscription members; potential future impacts of the COVID-19 pandemic; the Company's ability to open and operate new locations in a timely and cost-effective manner; the Company's ability to identify suitable acquisition targets and consummate such acquisitions on attractive terms; the Company's ability to maintain and enhance its brand reputation; the Company's reliance on and relationships with third-party suppliers; risk related to the Company's indebtedness and capital requirements; risk related to governmental laws and regulations applicable to the Company and its business; the Company's ability to maintain security and prevent unauthorized access to electronic and other confidential information; and the other important factors discussed under the caption "Risk Factors" in the Company's Quarterly Report on Form 10-Q for the quarterly period ended June 30, 2021, as such factors may be updated from time to time in its other filings with the SEC, which are accessible on the SEC's website at www.sec.gov and Investor Relations section of the Company's website at https://ir.mistercarwash.com/.

These and other important factors could cause actual results to differ materially from those indicated by the forward-looking statements made in this press release. Any forward-looking statement that the Company makes in this press release speaks only as of the date of such statement. Except as required by law, the Company does not undertake any obligation to update or revise or to publicly announce any update or revision to, any of the forward-looking statements, whether as a result of new information, future events, or otherwise.

View source version on businesswire.com: https://www.businesswire.com/news/home/20211116006439/en/

Media Contact

Megan Everett

media@mistercarwash.com

Investor Relations

Farah Soi/Caitlin Churchill

ir@mistercarwash.com

Source: Mister Car Wash, Inc.

FAQ

What recent acquisition did Mister Car Wash announce?

Mister Car Wash announced the acquisition of Daddy O's Car Wash, which includes three new locations in El Paso.

How many locations does Mister Car Wash have in El Paso after the acquisition?

After the acquisition, Mister Car Wash has a total of 16 locations in El Paso.

What can customers expect after the acquisition of Daddy O's Car Wash?

Customers can expect Daddy O's to operate normally in the near term while Mister plans to rebrand and optimize the service offerings.

What is the significance of the acquisition for Mister Car Wash's growth?

The acquisition is significant as it enhances Mister Car Wash's market presence and provides additional location options for customers.