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Monroe Capital Supports Mammoth Holdings’ Acquisition of Lulu’s Express

March 25, 2021, 08:00 AM
Filed Under: Specialty Industries

Monroe Capital announced an increase in its credit facility to Mammoth Holdings, LLC (“Mammoth”) to support the acquisition of Lulu’s Express (“Lulu’s”). 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), provides the equity for Mammoth’s corporate development initiatives.

Lulu’s is a six unit express conveyor car wash operator in Georgia and South Carolina. The addition of Lulu's further expands the Mammoth’s “customer-focused” and “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, Finish Line, Wiggy Wash, Shine On, Pit Stop, Fast Trac, and now Lulu's, among others.

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