Core Viewpoint - An investigation has been launched into potential breaches of fiduciary duty by the directors, officers, and controlling shareholder of Mister Car Wash, Inc. following its announcement of a merger agreement with Leonard Green & Partners at a price significantly below its recent trading high [1] Company Overview - Mister Car Wash operates approximately 550 locations and claims to have the largest car wash subscription program in North America [1] Acquisition Details - On February 18, 2026, Mister Car Wash announced a definitive merger agreement with investment funds managed by Leonard Green & Partners, offering $7.00 per share, which represents a nearly 20% discount from the company's 52-week high [1] - Leonard Green currently owns about 67% of Mister Car Wash's outstanding shares and has secured the necessary vote for the acquisition through a "Written Consent," eliminating the need for a vote from minority stockholders [1] - If the acquisition is completed, Mister Car Wash's common stock will be delisted from the Nasdaq Global Market and deregistered under the Securities Exchange Act of 1934 [1]
MCW NOTICE: Investigation Launched into Mister Car Wash, Inc., Attorneys Encourage Investors and Potential Witnesses to Contact Law Firm