Ropes & Gray advised CCMP Growth Advisors in its purchase of interests in Mammoth Holdings, a premier express car wash platform. Mammoth announced the completed equity capital raise in a press release on January 17. The investment made by CCMP Growth Advisors aims to accelerate new store openings and investments in cutting-edge technology. Financial terms were not disclosed.
CCMP Growth Advisors is a New York based private equity firm focused on growth equity investments in middle-market companies in the consumer and industrial sectors. Mammoth Holdings is headquartered in Atlanta and operates 112 conveyor car washes under a national multi-brand portfolio.
The Ropes & Gray team was led by private equity partner Garrett Charon and included tax partner Adam Greenwood, benefits partner Alexandra Alperovich, employment partner Richard Kidd, tax counsel Tristan Evans-Wilent, and private equity associate Elizabeth Langton.
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