benzinga49d ago
Mister Car Wash, Inc. (NYSE:MCW) stock rose Wednesday after the company announced it will be taken private by Leonard Green & Partners in an all-cash transaction valued at approximately $3.1 billion in enterprise value, alongside the release of its fiscal 2025 financial results.The acquisition, priced at $7.00 per share, represents a 29% premium over the average share price for the 90 days leading up to February 17, 2026. LGP has been a key strategic partner of the company since its first investment in 2014 and currently holds about 67% of the company’s outstanding common stock.The deal has received unanimous approval from a Special Committee of independent directors and is expected to close in the first half of 2026. Upon completion, the company’s shares will be delisted from Nasdaq.Strong Financial ResultsMister Car Wash achieved a historic milestone in 2025, surpassing $1 billion in annual revenue for the first ...Full story available on Benzinga.com