Mammoth Holdings, an express car wash platform, is refinancing its operations through Oak Hill Advisors (OHA), totaling more than $500 million. The funding will support Mammoth’s long-term growth strategy of acquiring existing car wash brands and opening greenfield locations.
Mammoth’s maintains more than 100 locations through its multi-brand portfolio. The financing will help Mammoth achieve its goal of reaching 500 sites across the country by providing resources and opportunities to its owner-operators.
“We are focused on scaling our platform and delivering on our growth strategy for Mammoth and its holders,” said Dave Hoffmann, Chairman and CEO of Mammoth. “Our team looks forward to a long-term partnership with such a well-respected lending group like OHA.”
