The stock will cease trading immediately; no further public market for MCW. Traders should liquidate any remaining positions at the $7.00 tender price. Monitor the post-merger debt load of the private entity for potential covenant or refinancing risks.
Price Chart
Executive Summary
Mister Car Wash completed its take-private acquisition by Leonard Green & Partners at $7.00 per share, with an implied total enterprise value of $3.1 billion. The company will be delisted from Nasdaq and all outstanding shares not rolled over were converted to cash. A new $900M incremental term loan and $375M revolving credit facility were put in place to finance the acquisition.
Key Financial Metrics
Key Facts
- Acquisition completed at $7.00 per share in cash
- Total enterprise value of $3.1 billion
- Stock delisted from Nasdaq; trading suspended
- Entered into $900M incremental term loan and $375M revolving credit facility
- Amended certificate of incorporation and bylaws
- Board of directors reconstituted; CEO John Lai resigned as director, remained as CEO of the operating company
Financial Impact
All public shareholders received $7.00 per share cash; total equity consideration not explicitly stated but enterprise value of $3.1B implies substantial leverage addition via $900M term loan
Risk Factors
- Increased leverage from $900M term loan may strain cash flows
- No public disclosure obligations going forward; limited visibility into performance
- Potential appraisal rights litigation from dissenting shareholders
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 8 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001193125-26-229866 |
| Document: d128344d8k.htm | 0001193125-26-229866 |
| Document: d128344dex32.htm | 0001193125-26-229866 |
| Document: d128344dex31.htm | 0001193125-26-229866 |
| Document: d128344dex991.htm | 0001193125-26-229866 |
| Document: 0001193125-26-229866-index-headers.html | 0001193125-26-229866 |
| Document: 0001193125-26-229866-index.html | 0001193125-26-229866 |
| Document: 0001193125-26-229866.txt | 0001193125-26-229866 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Jun 11, 2026 16w ago | Institutional Cluster | $7.09 awaiting T+1 | awaiting T+1 | — | $56.80 (+701.13%) |
May 29, 2026 18w ago | 15-12G | — | awaiting T+1 | — | — |
May 19, 2026 19w ago | 8-K | $7.10 $7.10 | · 0.00% | ▼ −1.04% | $56.80 (+700.00%) |
May 19, 2026 19w ago | 25-NSE | $7.10 $7.10 | · 0.00% | ▲ +1.04% | $56.80 (−700.00%) |
Mar 2, 2026 30w ago | Insider Cluster | $7.12 $7.10 | ▼ −0.28% | ▲ +0.63% | $56.80 (+697.75%) |
US Market Status
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