Benzinga | Dec 8, 2021 05:01AM EST

Mister Car Wash Acquires Downtowner Car Wash

* Mister Car Wash Inc (NYSE:MCW) has acquired Downtowner Car Wash, five locations in Cape Coral, Florida, for an undisclosed sum.

* Customers of Downtowner Car Wash can expect the business to continue operating as usual in the near term.

* Mister Car Wash will work with the team to rebrand the stores and optimize service and product offerings to integrate the stores into the brand entirely.

* The details of the transaction were not disclosed.

* Mister held $162.2 million in cash and equivalents as of September 30, 2021.

* Price Action: MCW shares closed higher by 1.42% at $19.28 on Tuesday.