Mammoth Holdings, an Atlanta-based conveyor car wash operator, has acquired Ollie's Car Wash, a three-unit express conveyor car wash operator in Louisiana. Ollie's founders, Brady and Melissa Walton, each chose to invest a significant amount of their proceeds into Mammoth's equity.
"Ollie's expands our presence along the I-10 corridor in Louisiana into the Baton Rouge market," said Mammoth Co-Founder and CEO Gary Dennis. "We are pleased to have new, high quality partners who will help us achieve our expansion goals."
"We have worked with a lot of people in the car wash business, and the Mammoth team stands apart from the pack in terms of operations and culture," said Ollie's Co-Founder Brady Walton. "We couldn't be more excited to be joining the team."
Mammoth is the eighth-largest conveyor car wash operator in the United States, according to Commercial Plus's Top 100 list. In October 2018, Mammoth partnered with Red Dog Equity LLC, an Atlanta-based private equity firm, which, through its partnership with Tom Pritzker's family business interests (advised by The Pritzker Organization), provides the equity for Mammoth's corporate development initiatives. Monroe Capital provides Mammoth's debt financing. Mammoth's multi-brand portfolio includes Marc-1, Wash Me Fast, Swifty, Ultra, Finish Line, Wiggy Wash, Shine On, PitStop, Lulu's, and now Ollie's, among others.