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0 0 0 0 0.0310430463576159 0.0190397350993378 0.0198675496688742 0.0240066225165564
Stock impact report

National Carwash Solutions explores $3 bln sale -sources [Reuters]

Mister Car Wash, Inc. (MCW) 
Company Research Source: Reuters
Berkshire Partners, which has owned National Carwash since 2020, has hired investment bank William Blair to run a sale process for the company, which is attracting the interest of other buyout firms, the sources said. The company's earnings before interest, taxes, depreciation and amortization could reach $170 million in 2023, the sources added, requesting anonymity because the matter is confidential. National Carwash did not respond to a request for comment, while William Blair and Berkshire Partners declined to comment. Private equity firms have been major investors in car washing businesses in recent years. In July, Oaktree Capital Management acquired Magnolia Wash Holdings for an undisclosed amount. Last year, Warburg Pincus bought El Car Wash. In 2021, Mister Car Wash, a Leonard Green & Partners-backed company, and Driven Brands, backed by Roark Capital, went public. Berkshire Partners, which oversees more than $20 billion in capital, acquired National Carwash in 2020 fr Show less Read more
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