Mister Car Wash Inc.(NYSE: MCW) has announced the successful acquisition of Downtowner Car Wash’s five locations in Cape Coral, FL.

“The Montpetit family and their team have built a nice platform of locations in Cape Coral complementing our overall presence throughout Florida,” said Casey Lindsay, vice president corporate development of Mister Car Wash.

“We are proud to have been a part of the Cape Coral community for the past 15 years and want to thank all of our customers for our success. Mister Car Wash has a reputation in the industry as best in class operators and a company that truly cares for their people and customers,” said Jay Montpetit, co-owner and founder of Downtowner Car Wash.

Customers of Downtowner Car Wash can expect the business to continue operating as normal in the near term. Throughout the coming months, Mister will be working with the team to rebrand the stores and optimize service and product offerings as they fully integrate the stores into the brand.

In a separate statement, Mister Car Wash announced that it had entered into a definitive agreement to acquire Clean Streak Ventures LLC, a portfolio company of MKH Capital Partners. The acquisition of Clean Streak includes 23 operating locations, 10 development locations, and the underlying real estate at all 33 locations in Florida. The development locations are in various stages of the permitting and construction cycle and are expected to open within the next year under the Mister Car Wash brand. In addition, the company plans to rebrand and integrate the 23 existing operating locations that are currently doing business under the tradenames Top Dog Express and Clean Machine Car Wash into the Mister Car Wash brand.

This acquisition will expand Mister Car Wash’s footprint in Florida, bringing the company’s total operating stores in Florida to 65, with new market entry into five MSAs including Cape Coral/ Ft. Myers and Miami. The expansion is also expected to enable the company to leverage efficiencies across its existing regional infrastructure.

“As a company we’ve been hyper-focused on building our network of stores through strategic acquisitions and greenfield locations that build on our promise to provide a convenient, efficient, and professional experience,” said John Lai, president and CEO of Mister Car Wash.

Mister Car Wash expects to acquire Clean Streak Ventures LLC for approximately $390 million in a transaction funded through cash on hand and incremental debt. The company expects the acquisition will be accretive to its earnings per share in 2022. The acquisition is expected to close before the end of 2021, subject to customary closing conditions.