STOCK TITAN

Mister Car Wash Acquires Super Suds Car Wash in Abilene, Texas

Rhea-AI Impact
(Neutral)
Rhea-AI Sentiment
(Neutral)
Rhea-AI Summary

Mister Car Wash announced the acquisition of Super Suds Car Wash located in Abilene, Texas, expanding its service capabilities in the region. This acquisition enhances Mister's ability to serve existing customers and offers Super Suds members access to its nationwide locations. The integration process will begin over the next year, with plans for rebranding and optimizing services. Mister Car Wash operates over 340 locations and boasts the largest car wash subscription program in North America, highlighting its commitment to quality and customer experience.

Positive
  • Acquisition of Super Suds Car Wash boosts regional service capabilities.
  • Access to Mister's extensive network for Super Suds members enhances customer value.
Negative
  • None.

TUCSON, Ariz., July 21, 2021 /PRNewswire/ -- Mister Car Wash, Inc. (the "Company" or "Mister") today announced the successful acquisition of Super Suds Car Wash, a single express location at 6118 Buffalo Gap Road, Abilene, Texas.

"The addition of this location maximizes our ability to service our current members and customers in the southwest part of the city and gives Super Suds members access to all Mister locations," shared Casey Lindsay, vice president corporate development for Mister Car Wash. "The Emerson family have built a nice business with a culture that matches ours and we are looking forward to welcoming their team into the Mister family."  

Customers of Super Suds Car Wash can expect the business to continue operating as normal in the near term. Throughout the next year, Mister will be working with the team to rebrand and optimize service and product offerings as they fully integrate the store into the brand.

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

About Mister Car Wash
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.

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. Words including "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 are intended to identify forward-looking statements. 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 final prospectus filed with the Securities and Exchange Commission (the "SEC") on June 28, 2021 pursuant to Rule 424(b)(4), 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 Investors Relations section of the Company's website at www.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.

Media Contact
Megan Everett
media@mistercarwash.com 

Investor Relations
Farah Soi/Caitlin Churchill
ir@mistercarwash.com 

Cision View original content to download multimedia:https://www.prnewswire.com/news-releases/mister-car-wash-acquires-super-suds-car-wash-in-abilene-texas-301338314.html

SOURCE Mister Car Wash

FAQ

What is the significance of Mister Car Wash acquiring Super Suds?

The acquisition enhances Mister's service capabilities in Abilene, Texas, and offers Super Suds members access to all Mister locations.

When did Mister Car Wash acquire Super Suds Car Wash?

Mister Car Wash announced the acquisition on July 21, 2021.

What are Mister Car Wash's future plans for Super Suds Car Wash?

Mister plans to rebrand and optimize the service offerings at Super Suds over the next year.

How many locations does Mister Car Wash operate?

Mister Car Wash operates over 340 locations across the United States.

What is Mister Car Wash's stock symbol?

Mister Car Wash's stock symbol is MCW.

Mister Car Wash, Inc.

NYSE:MCW

MCW Rankings

MCW Latest News

MCW Stock Data

2.26B
96.48M
2.04%
100.95%
3.16%
Auto & Truck Dealerships
Services-automotive Repair, Services & Parking
Link
United States of America
TUCSON