Leonard Green & Partners has agreed to buy the remaining shares in Mister Car Wash it doesn’t already own, giving the company a valuation of $3.1bn. LGP has been invested in the company since 2014, and currently owns about 67% of the company’s common stock. The purchase price is a premium of 29% to the volume-weighted average price of the shares during the 90 days prior to and including February 17, before details of the deal emerged. Mister Car Wash CEO John Lai said, “Taking our company private will help us accelerate our growth by investing more boldly in our stores, our people, and our technologies to capture the multiple opportunities ahead. Most importantly, it brings us closer to fulfilling our vision of tripling our footprint while staying true to the values and mission that got us here.”
Cerberus Capital Management has completed its acquisition of Vivace International Corporation, a provider of mission‑critical propulsion tanks and aerospace systems. Cerberus initially made a strategic growth investment in Vivace in 2024, and said it had partnered with the company to strengthen its engineering and manufacturing capabilities, expand its team with key hires, and secure new program supporting US defense and spaceflight customers. Cerberus senior managing director Steve Cook said, “Vivace has established itself as a trusted partner on some of the nation’s most advanced aerospace and defense programs. We believe its engineering capabilities are increasingly critical to national security and space priorities.”
The Riverside Company has invested in Western Botanicals, a Utah-headquartered developer and manufacturer of vitamins, minerals and supplements. The CDMO serves more than 75 VMS brands, offering end-to-end formulation, manufacturing and packaging solutions across capsule, powder and liquid formats. Brad Roberts, co-CIO of Riverside’s capital appreciation strategy, said, “As consumers increasingly invest in healthy lifestyles and prioritize preventive wellness, demand for high-quality supplements continues to grow Western Botanicals is well-positioned to capitalize on these market tailwinds, and we are excited to partner with the management team to build on the company’s strong momentum.”
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