Monroe Capital LLC provided financing to support Mammoth Holdings LLC’s buy of Marc-1 Car Wash and Wash Me Fast LLC. Red Dog Equity LLC has a controlling stake in Mammoth.
Chicago, IL, October 30, 2018 – Monroe Capital LLC today announced it acted as sole lead arranger and administrative agent on the funding of a senior credit facility to support the acquisitions of Marc-1 Car Wash and Wash Me Fast, LLC by Mammoth Holdings, LLC (“Mammoth”). Mammoth partnered with private equity sponsor Red Dog Equity LLC which, through its partnership with Tom Pritzker’s family business interests (advised by The Pritzker Organization), provided the equity for the acquisitions and purchased a controlling interest in Mammoth.
Founded in 2002 and based in Atlanta, Georgia, Mammoth operates express conveyor car washes and one flex service car wash under the Swifty, Ultra, Pals, and QuickWash Express brands in Georgia and Alabama. With the acquisitions of Birmingham-based Marc-1 Car Wash and Atlanta-based Wash Me Fast, LLC, Mammoth has now formed a 22-unit “operator-focused” conveyor car wash platform. Monroe Capital’s facility will support the equity group’s plan for future acquisitions.
About Monroe Capital
Monroe Capital LLC (“Monroe”) is a private credit asset management firm specializing in direct lending and opportunistic private credit investing. Since 2004, the firm has provided private credit solutions to borrowers in the U.S. and Canada. Monroe’s middle market lending platform provides senior and junior debt financing to businesses, special `situation borrowers, and private equity sponsors. Investment types include unitranche financings; cash flow, asset based and enterprise value based loans; and equity co-investments. Monroe is committed to being a value-added and user-friendly partner to business owners, senior management, and private equity and independent sponsors. The firm is headquartered in Chicago and maintains offices in Atlanta, Boston, Dallas, Los Angeles, New York, and San Francisco.
Monroe has been recognized by Creditflux as the 2018 Best U.S. Direct Lending Fund; Private Debt Investor as the 2017 Lower Mid-Market Lender of the Year; Global M&A Network as the 2017 Small Middle Markets Lender of the Year; M&A Advisor as the 2016 Lender Firm of the Year; and the U.S. Small Business Administration as the 2015 Small Business Investment Company (SBIC) of the Year. For more information, please visit monroecap.com.