Mammoth Holdings an Atlanta-based conveyor car wash operator, has acquired Lulu's Express ("Lulu's"), a six unit express conveyor car wash operator in Georgia and South Carolina. Lulu's founders, Carlos Marban and Robert Black, made significant equity investments in Mammoth.
Gary Dennis, Mammoth's co-founder and CEO, explained, "Lulu's is a great fit for Mammoth and extends our network of washes across I-20 into South Carolina." He added, "Lulu's is a leading car wash provider in its market, and we are looking forward to continuing to develop this region to better serve our customers."
Robert Black, Lulu's co-founder, stated, "I had heard great things about Mammoth's team which has many former owners like Carlos [Marban] and me." Black continued, "They know what it's like to sell something you've put your heart and soul into, and the wonderful experience they've had being part of Mammoth assured us we were making the right decision."
"We are excited about joining Mammoth," co-founder Carlos Marban added. "We know they'll take great care of our customers and employees and continue to give us pride in what we built."
Amplify Car Wash Advisors advised Lulu's on the transaction. Jeff Pavone, Amplify's founder, stated, "It was a pleasure working with Mammoth. They did everything they promised to do, were flexible when we needed it, and treated our clients and us with respect from start to finish."
Mammoth is the first car wash acquisition platform formed by industry-insiders and is the 8th largest conveyor car wash operator in the United States according to Commercial Plus's Top 100 list.
Mammoth is customer-focused operationally and operator-focused in its approach to acquisitions and seeks to be the partner-of-choice for car wash operators who desire liquidity, growth capital, and a tax-deferred equity investment opportunity.
Mammoth's multi-brand portfolio includes Marc-1, Wash Me Fast, Swifty, Ultra, Finish Line, Wiggy Wash, Shine On, PitStop, and now Lulu's among others. Mammoth has significant growth capital at its disposal and is actively seeking acquisitions and development opportunities.
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