Mister Car Wash Drops Off Nasdaq After $3.1 Billion Buyout
Mister Car Wash has completed its $3.1 billion sale to Leonard Green & Partners, ending its Nasdaq listing. Shares were bought for $7.00 each in cash, with trading halted and delisting underway. The company reported Q1 net revenue up 6% to $277.9 million and Unlimited Wash Club memberships up 11% to 2.5 million. A $900 million term loan was added to help fund the deal.