ATLANTA, March 8, 2021 / PRNewswire / – Mammoth Holdings, LLC (“Mammoth”), a Atlantacar wash operator with carrier based on Georgia and South Carolina. Lulu’s founders, Carlos Marban and Robert Black, made significant capital investments in Mammoth.
Gary Dennis, Mammoth co-founder and CEO, explained: “Lulu’s is a great option for Mammoth and extends our I-20 wash network to South Carolina. “He added:” Lulu’s is a leading car wash supplier in its market and we look forward to continuing to develop this region to better serve our customers. “
Robert Black, Lulu’s co-founder, said: “I had heard a lot of things about Mammoth’s team, which has many ex-owners like Carlos [Marban] and me. “Black continued,” They know what it’s like to sell something you put your heart and soul into, and the wonderful experience they had as part of Mammoth assured us that we were making the right decision. “
“We are excited to join Mammoth”, co-founder Carlos Marban added. “We know that they will take great care of our customers and employees and continue to be proud of what we have built.”
Amplify Car Wash Advisors advised Lulu about the transaction. Jeff PavoneThe founder of Amplify said: “It was a pleasure to work with Mammoth. They did everything they promised, they were flexible when we needed to and they treated our customers and us with respect from start to finish.”
Mammoth is the first car wash acquisition platform formed by industry experts and is the 8º largest car wash carrier in the United States according to Commercial Plus’s list of the 100 best. Mammoth is operationally focused on the customer and the operator in its approach to acquisitions and seeks to be the preferred partner for car wash operators who want liquidity, growth capital and a tax-deferred capital investment opportunity. Mammoth’s multi-brand portfolio includes Marc-1, Wash Me Fast, Swifty, Ultra, Finish Line, Wiggy Wash, Shine On, PitStop and now Lulu’s among others. Mammoth has significant growth capital at its disposal and is actively seeking acquisitions and development opportunities.
At the October 2018, Mammoth has partnered with Red Dog Equity LLC, a Atlantaprivate equity, which, through its partnership with Tom Pritzker’s family business interests (advised by The Pritzker Organization), provide the equity for Mammoth’s corporate development initiatives. Monroe Capital provides Mammoth debt financing.
About Mammoth Holdings
Headquartered in Atlanta, Georgia, Mammoth Holdings operates 53 carrier washes under Marc-1, QuickWash Express, Ultra, Wash Me Fast, Wiggy Wash, Pals, Finish Line, Shine On, Lulu’s, PitStop and Swifty brands in Georgia, Alabama, Kentucky, Illinois, Utah, South Carolina, Mississippi, Louisiana, Indianaand Tennessee. Mammoth was founded by Gary Dennis and Chip Hackett in 2002. To learn more, visit one of our locations or consult us online at: www.mammothholdings.com.
About Lulu’s
Lulu’s operates express carrier washes in Augusta, Georgia, and Aiken, South Carolina. Lulu’s was founded by Carlos Marban and Robert Black in 2005. To learn more, visit a Lulu’s site or consult us online at: https://luluscarwash.com/.
About Red Dog Equity LLC
Red Dog Equity LLC™ is a privately held company that invests in lower intermediate market companies prepared for strong growth in partnership with entrepreneurial business leaders (“Red Dogs”). To learn more, visit: www.reddogequity.com.
About the Pritzker organization
The Pritzker Organization is the commercial bank for the commercial interests of the Tom Pritzker family. Additional information can be found at www.pritzkerorg.com.
About Amplify car wash consultants
Amplify Car Wash Advisors is a full-service car wash consultancy, founded by industry veterans, Jeff Pavone and Bill Martin to guide salespeople in critical business decisions, including mergers and acquisitions and capital advice. For more information, visit www.amplifywash.com.
SOURCE Mammoth Holdings
Related Links
https://www.mammothholdings.com