Mister Car Wash Acquires Downtowner Car Wash

Mister Car Wash Inc MCW has acquired Downtowner Car Wash, five locations in Cape Coral, Florida, for an undisclosed sum.
Customers of Downtowner Car Wash can expect the business to continue operating as usual in the near term.
Mister Car Wash will work with the team to rebrand the stores and optimize service and product offerings to integrate the stores into the brand entirely.
The details of the transaction were not disclosed.
Mister held $162.2 million in cash and equivalents as of September 30, 2021.
Price Action: MCW shares closed higher by 1.42% at $19.28 on Tuesday.