Mammoth Holdings LLC, a leading conveyor car wash operator based in Atlanta, Georgia, has announced the acquisition of Busy Bee Car Wash, a well-established car wash business with three locations in Miami, Florida. This strategic move further expands Mammoth’s portfolio and strengthens its presence in the Florida market. The announcement was made on November 1, 2021.
“The Mulholland family has cultivated an exceptional legacy within the Miami market,” stated Dave Hoffmann, Chairman and CEO of Mammoth Holdings. “Busy Bee Car Wash has been a cornerstone of its communities for over half a century, and we are thrilled that Jim Mulholland has chosen Mammoth Holdings to honor and extend that legacy.” Hoffmann also highlighted the qualities that made Mulholland an ideal partner, noting, “Jim embodies the type of high-integrity individual with a deep commitment to operational excellence that we actively seek to partner with. We are pleased to welcome Jim to our executive team as a Vice President, where he will play a crucial role in driving our expansion efforts throughout the greater Miami area.”
Jim Mulholland, the owner of Busy Bee Car Wash, expressed his enthusiasm for the partnership, stating, “Selecting the right partner was paramount to me, and my long-standing relationships with Jim Rooney, Gary Dennis, and Marcus Kittrell, coupled with my immediate connection with Dave Hoffmann, solidified my decision.” He further elaborated on the appeal of Mammoth’s structure, “Mammoth presented the precise framework I was seeking – long-term growth potential in collaboration with the most accomplished individuals in the car wash industry.” Mulholland will also be investing equity into Mammoth as part of this agreement.
Amplify Car Wash Advisors served as the sell-side advisor for this transaction, facilitating the successful agreement between Busy Bee and Mammoth Holdings.
Mammoth Holdings distinguishes itself as the premier car wash platform founded by industry experts. Currently recognized as the 9th largest conveyor car wash operator in the United States by Commercial Plus’s Top 100 list, Mammoth prioritizes both customer satisfaction and operator partnership. The company aims to be the preferred partner for car wash operators seeking liquidity, growth capital, and opportunities for tax-deferred equity investment. Mammoth’s diverse brand portfolio now includes Busy Bee Car Wash alongside other reputable names such as Marc-1, Wash Me Fast, Swifty, Ultra, Finish Line, Wiggy Wash, Shine On, Pit Stop, Lulu’s, Ollie’s, and PureMagic. Mammoth Holdings is strategically positioned for continued expansion, backed by substantial growth capital and actively pursuing acquisitions and development opportunities across the nation.
Since October 2018, Mammoth Holdings has been in partnership with Red Dog Equity LLC, an Atlanta-based private equity firm. Red Dog Equity, in collaboration with Tom Pritzker’s family business interests, advised by The Pritzker Organization, provides the equity fueling Mammoth’s corporate development initiatives. Debt financing for Mammoth is provided by Monroe Capital.
About Busy Bee Car Wash
Busy Bee Car Wash has been a prominent fixture in the Miami car wash scene since 1969. Founded by Miami native Jim Mulholland, Sr., the business has been under the ownership and operation of Jim Mulholland, Jr. since 1991. Busy Bee has built a strong reputation for high-quality car wash services across its three high-volume locations in the Miami area. For more information about Busy Bee Car Wash, please visit www.busybeewash.com.
About Mammoth Holdings
Mammoth Holdings, headquartered in Atlanta, Georgia, now operates 66 conveyor car washes across multiple states including Georgia, Alabama, Kentucky, Illinois, Utah, South Carolina, Mississippi, Louisiana, Indiana, Tennessee, and Florida. Their extensive brand portfolio includes Busy Bee, PureMagic, Marc-1, QuickWash Express, Ultra, Wash Me Fast, Wiggy Wash, Pals, Finish Line, Shine On, Lulu’s, Ollie’s, and PitStop. Founded in 2002 by Gary Dennis and Chip Hackett, Mammoth Holdings continues to expand its reach and solidify its position in the car wash industry. To discover more about Mammoth Holdings, visit www.mammothholdings.com.
About Red Dog Equity LLC
Red Dog Equity LLC is a private equity firm focused on investing in high-growth lower middle-market companies, partnering with driven and entrepreneurial business leaders. For more information, please visit: www.reddogequity.com.
About The Pritzker Organization
The Pritzker Organization serves as the merchant bank for the business interests of the Tom Pritzker family. Additional details can be found at www.pritzkerorg.com.
About Amplify Car Wash Advisors
Amplify Car Wash Advisors is a full-service advisory firm specializing in the car wash industry. Founded by industry veterans Jeff Pavone and Bill Martin, Amplify guides sellers through critical business decisions, including mergers, acquisitions, and capital advisory. For further information, please visit amplifywash.com.
