Mister Car Wash (NYSE: MCW) sponsors restructure 219M shares in merger deal
Rhea-AI Filing Summary
Mister Car Wash, Inc. large shareholders affiliated with Leonard Green & Partners reported restructuring transactions tied to a going‑private merger. Four J‑code “other” entries show a total of 219,213,079 shares of Common Stock at $7.00 per share being contributed to MCW Parent, LP under a Contribution Agreement dated February 17, 2026, immediately before the merger closed.
Following the merger, Boson Merger Sub, Inc. combined with Mister Car Wash, Inc., and these contributed shares were automatically cancelled and extinguished. The reporting entities now show zero Mister Car Wash common shares, and they collectively disclaim beneficial ownership beyond their pecuniary interests.
Positive
- None.
Negative
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Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Other | Common Stock | 134,812,845 | $7.00 | $943.69M |
| Other | Common Stock | 80,348,253 | $7.00 | $562.44M |
| Other | Common Stock | 315,683 | $7.00 | $2.21M |
| Other | Common Stock | 3,736,298 | $7.00 | $26.15M |
Footnotes (13)
- F1. In connection with the terms of an Agreement and Plan of Merger, dated February 17, 2026 (the "Merger Agreement"), by and among the Issuer, MCW Parent, LP ("Parent"), Boson Merger Sub, Inc., a wholly owned subsidiary of Parent ("Merger Sub"), and, solely for purposes of certain provisions in the Merger Agreement, Mister Car Wash Holdings, Inc., a wholly owned subsidiary of the Issuer, Merger Sub merged with and into the Issuer, with the Issuer continuing as the surviving corporation (the "Merger").
- F2. Immediately prior to the effective time of the Merger, pursuant to the Contribution Agreement, dated February 17, 2026, by and among Parent, Green Equity Investors VI, L.P. ("GEI VI"), Green Equity Investors Side VI, L.P. ("GEI Side VI"), LGP Associates VI-A LLC ("Associates VI-A") and LGP Associates VI-B LLC ("Associates VI-B"), the shares of the Issuer's Common Stock ("Common Stock"), par value $0.01 (the "Shares"), owned by the Reporting Persons were contributed and assigned to Parent in exchange for equity interests in Parent (together with the Merger, the "Transaction"). In accordance with the terms of the Merger Agreement, at the effective time of the Merger, the Shares were automatically cancelled and extinguished without any conversion thereof or consideration paid therefor.
- F3. Represents shares of Common Stock previously owned by GEI VI that were cancelled as part of the Transaction.
- F4. Represents shares owned by GEI VI.
- F5. GEI Capital VI, LLC ("Capital") is the general partner of GEI VI and GEI Side VI. Green VI Holdings, LLC ("Holdings") is a limited partner of GEI VI and GEI Side VI. Leonard Green & Partners, L.P. ("LGP") is the management company of GEI VI and GEI Side VI, and an affiliate of Capital and Holdings. Peridot Coinvest Manager LLC ("Peridot") is the manager of Associates VI-A and Associates VI-B, and an affiliate of Capital and Holdings. LGP Management, Inc. ("LGPM") is the general partner of LGP.
- F6. Each of GEI VI, GEI Side VI, Associates VI-A, Associates VI-B, Peridot, LGP, LGPM, Capital, and Holdings, directly (whether through ownership or position), or indirectly through one or more intermediaries, may be deemed for purposes of Section 16 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), to be the indirect beneficial owner of some or all of the shares of Common Stock held by GEI VI, GEI Side VI, Associates VI-A, or Associates VI-B and, therefore, a "ten percent holder" hereunder.
- F7. Each of the Reporting Persons disclaims beneficial ownership of the shares of Common Stock reported herein and not held for record by such Reporting Person, except to the extent of its pecuniary interest therein. This report shall not otherwise be deemed an admission that the Reporting Persons are the beneficial owners of such securities not held of record by the respective Reporting Person, for purposes of Section 16 of the Exchange Act or for any other purpose.
- F8. Represents shares of Common Stock previously owned by GEI Side VI that were cancelled as part of the Transaction.
- F9. Represents shares of Common Stock owned by GEI Side VI.
- F10. Represents shares of Common Stock previously owned by Associates VI-A that were cancelled as part of the Transaction.
- F11. Represents shares of Common Stock owned by Associates VI-A.
- F12. Represents shares of Common Stock previously owned by Associates VI-B that were cancelled as part of the Transaction.
- F13. Represents shares of Common Stock owned by Associates VI-B.
Key Figures
Key Terms
Agreement and Plan of Merger financial
Contribution Agreement financial
ten percent holder financial
Section 16 of the Securities Exchange Act of 1934 regulatory
pecuniary interest financial
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