Car wash giant soaks up Florida locations with $390M deal

Arizona car wash brand Mister Car Wash is entering the Southwest Florida market as part of a $390 million acquisition.  

Tucson-based Mister Car Wash, a publicly traded company that posted $729 million in revenue over the past 12 months, has acquired Orlando-based Clean Streak Ventures LLC, according to a statement. The deal, funded through cash on hand and incremental debt, the release adds, covers Clean Streak’s 23 operating locations, 10 development locations and the underlying real estate at all 33 locations. Clean Streak is a portfolio company of Miami-based private equity firm MKH Capital Partners.