Mammoth Holdings an Atlanta-based conveyor car wash operator, has acquired two express conveyor car washes from Fast Trac Express Car Wash ("Fast Trac") in Tuscaloosa, Alabama and Northport, Alabama.
Marcus Kittrell, the founder of Mammoth's Marc-1 brand and Mammoth's Executive Vice President, explained, "Fast Trac fits our existing footprint well as we expand our presence in Alabama." He added, "Mammoth will now have 14 stores in the state providing our customers and unlimited wash club subscribers with expanded wash options."
Fast Trac's founder HM Nowlin stated, "There's no group I'd like my washes to be part of more than Mammoth in large part because of my respect for Marcus Kittrell." He added, "They [Mammoth] structured a deal tailor-made to meet my needs and treated my team and me with respect from start to finish."
Mammoth is the first car wash acquisition platform formed by industry-insiders and is the 8th largest express conveyor car wash operator in the United States.
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, and PitStop, among others. Mammoth has significant growth capital at its disposal and is actively seeking acquisitions and development opportunities.