Mister Car Wash Buys Top Wash In Minnesota

Mister Car Wash Inc MCW has acquired Top Wash, three express exterior locations in Anoka, Fridley, and Champlin, Minnesota. The financial terms were not disclosed.
The company expects the Top Wash locations to expand its presence in the northern suburbs of Minneapolis.
Mister will be working with the team to rebrand the store and optimize service and product offerings.
"The Twin Cities are one of our legacy markets and we are excited to see new growth in the area with the addition of these three stores and the recent opening of our Brooklyn Park location," said Casey Lindsay, VP Corporate Development of Mister Car Wash.
MCW held $70.3 million in cash and equivalents as of March 31, 2022.
Price Action: MCW shares are trading higher by 2.34% at $12.02 on the last check Wednesday.