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Monroe Capital Expands Credit Facility to Mammoth Holdings

May 21, 2019, 08:45 AM
Filed Under: Industry News

Monroe Capital LLC announced an increase in its credit facility to Mammoth Holdings to support the acquisition FLCW, LLC d/b/a Finish Line Car Wash. In October 2018, Mammoth partnered with Red Dog Equity LLC, an Atlanta-based private equity firm, which, through its partnership with Tom Pritzker’s family business interests (advised by The Pritzker Organization), provided the equity for the Finish Line acquisition.

Finish Line is an eight-unit express conveyor car wash operator with locations in Kentucky, Tennessee, and Illinois. The addition of Finish Line further expands the Mammoth’s “operator-focused” conveyor carwash platform and aligns with the platform’s continued growth strategy. Mammoth’s multi-brand portfolio includes Marc-1, Wash Me Fast, Swifty, Ultra, and now Finish Line, among others. 

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