PE-backed Mister Car Wash files to go public

Mister Car Wash, which is backed by Leonard Green & Partners, has filed for an IPO.

Mister Car Wash, which is backed by Leonard Green & Partners, has filed for an IPO. The stock will trade on the New York Stock Exchange under the ticker symbol “MCW.” BofA Securities and Morgan Stanley are the lead underwriters. Headquartered in Tucson, Arizona, Mister Car Wash operates over 340 car washes nationwide.

PRESS RELEASE

TUCSON, Ariz.–(BUSINESS WIRE)–Mister Car Wash, Inc. (“Mister Car Wash”) announced today that it has publicly filed a registration statement on Form S-1 with the U.S. Securities and Exchange Commission (“SEC”) relating to a proposed initial public offering of its common stock. The offering is subject to market and other conditions, and there can be no assurance as to whether or when the offering may be completed, or as to the actual size or terms of the offering. Mister Car Wash has applied to list its common stock on The New York Stock Exchange under the symbol “MCW”.

BofA Securities, Inc. and Morgan Stanley & Co. LLC (in alphabetical order) are acting as joint lead book-running managers for the proposed offering. Goldman Sachs & Co. LLC, Jefferies LLC, BMO Capital Markets Corp. and UBS Securities LLC are acting as joint book-running managers, and Guzman & Company, Loop Capital Markets LLC, Mischler Financial Group, Inc., Nomura Securities International, Inc., Piper Sandler & Co. and R. Seelaus & Co., LLC are acting as co-managers for the offering.

The offering will be made only by means of a prospectus. Copies of the preliminary prospectus relating to this offering, when available, may be obtained from: BofA Securities, Inc., NC1-004-03-43, 200 North College Street, 3rd Floor, Charlotte, NC 28255-0001, Attn: Prospectus Department, Dg.prospectus_requests@bofa.com, and Morgan Stanley & Co. LLC, Attn: Prospectus Department 180 Varick Street, 2nd Floor, New York, NY 10014.
A registration statement on Form S-1 relating to the proposed offering has been publicly filed with the SEC but has not yet become effective. These securities may not be sold, nor may offers to buy be accepted, prior to the time the registration statement becomes effective.

This press release does not constitute an offer to sell or the solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

About Mister Car Wash
Headquartered in Tucson, Arizona, Mister Car Wash operates over 340 car washes nationwide. The Mister Car Wash brand is anchored in quality, friendliness and a commitment to creating memorable customer experiences. Mister Car Wash’s people are what make it successful and allow it to achieve these high standards. Mister Car Wash continues 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.