Investment bank Harris Williams announced that it advised Mammoth Holdings, LLC (Mammoth) on its recapitalization by Red Dog Equity LLC (Red Dog). Red Dog, through its partnership with Tom Pritzker’s family business interests (advised by The Pritzker Organization), purchased a controlling interest in Mammoth and provided the equity for the acquisitions of Birmingham-based Marc-1 Car Wash and Atlanta-based Wash Me Fast, LLC. Mammoth, an Atlanta-based conveyor car wash operator, has formed a 22-unit platform with these acquisitions.
“The car wash sector is highly fragmented and Mammoth is well-positioned for above-market growth with several strong brands under common ownership. Mammoth, with support from Red Dog, will be a leading national consolidator across the industry,” said Jason Bass, a managing director at Harris Williams.
Headquartered in Atlanta, GA, Mammoth Holdings operates 21 express conveyor car washes and one flex service car wash under the Swifty, Ultra, Pals, QuickWash Express, Marc-1, and Wash Me Fast brands in Georgia and Alabama. Mammoth was founded by Gary Dennis and Chip Hackett in 2002. Swifty is the official car wash of the University of Georgia Athletics.
Red Dog is a private equity firm that invests in lower-middle market companies poised for strong growth in partnership with driven, entrepreneurial business leaders.