RTTNews | Dec 22, 2021 10:41AM EST

10:41 Wednesday, December 22, 2021 (RTTNews.com) - Arizona-based carwash company, Mister Car Wash, Inc. (MCW) is trading 5% lower in the morning trading session after the news of the company's acquisition of Clean Streak Ventures LLC from MKH Capital Partners.

The deal was worth $390 million funded through cash on hand and incremental debt. Clean Streak has 33 outlets, 23 of which are operational and 10 under development.

The stock is currently trading at $17.01, down $0.85 or 4.76% since the previous close at $17.86. The stock opened at $16.36 in the morning. In the 52-week period, the stock has ranged between $15.67 and $24.49 per share.

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