Mister Car Wash Announces Launch of Initial Public Offering

Mister Car Wash, Inc. ("Mister Car Wash") today announced that it has launched its proposed initial public offering. The proposed offering consists of 31,250,000 shares being sold by Mister Car Wash and 6,250,000 shares of common stock being sold by selling stockholders, which include entities affiliated with Leonard Green & Partners. Certain of the selling stockholders also intend to grant the underwriters a 30-day option to purchase up to an additional 5,625,000 shares of common stock from Mister Car Wash. The price range for the initial public offering is currently estimated to be between $15.00 and $17.00 per share. Mister Car Wash has applied to list its common stock on The New York Stock Exchange under the ticker symbol “MCW.”

BofA Securities, Inc. and Morgan Stanley (in alphabetical order) are acting as joint lead book-running managers for the proposed offering. Goldman Sachs & Co. LLC, Jefferies LLC, BMO Capital Markets Corp. and UBS Securities LLC are acting as joint book-running managers, and Nomura Securities International, Inc., Piper Sandler & Co., Guzman & Company, Loop Capital Markets LLC, Mischler Financial Group, Inc., and R. Seelaus & Co., LLC are acting as co-managers for the offering.

The offering will be made only by means of a prospectus. Copies of the preliminary prospectus may be obtained from: BofA Securities, Inc., NC1-004-03-43, 200 North College Street, 3rd Floor, Charlotte, NC 28255-0001, Attn: Prospectus Department, Dg.prospectus_requests@bofa.com, Morgan Stanley & Co. LLC, Attn: Prospectus Department 180 Varick Street, 2nd Floor, New York, NY 10014 Goldman Sachs & Co. LLC, 200 West Street, New York, New York 10282, Attn: Prospectus Department, Telephone: (866) 471-2526, Email: prospectus-ny@ny.email.gs.com and Jefferies LLC, Attention: Equity Syndicate Prospectus Department, 520 Madison Avenue, 2nd Floor, New York, NY 10022, by telephone: 1-877-821-7388 or by email: Prospectus_Department@Jefferies.com.

A registration statement on Form S-1 relating to the proposed offering has been publicly filed with the SEC but has not yet become effective. These securities may not be sold, nor may offers to buy be accepted, prior to the time the registration statement becomes effective.

This press release does not constitute an offer to sell or the solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. The offering is subject to market conditions, and there can be no assurance as to whether or when the offering may be completed, or as to the actual size or terms of the offering.

About Mister Car Wash

Headquartered in Tucson, Arizona, Mister Car Wash operates over 340 car washes nationwide. The Mister Car Wash brand is anchored in quality, friendliness and a commitment to creating memorable customer experiences. Mister Car Wash’s people are what make it successful and allow it to achieve these high standards. Mister Car Wash continues to focus on recruiting and retaining top talent, developing best-in-class training programs and investing in employee benefits to cultivate a positive company culture.

Cautionary Statement Concerning Forward-Looking Statements

Certain statements contained in this press release constitute forward-looking statements, including with respect to the proposed initial public offering. Management has based these forward-looking statements on its current expectations, assumptions, estimates and projections. While they believe these expectations, assumptions, estimates and projections are reasonable, such forward-looking statements are only predictions and involve known and unknown risks and uncertainties, many of which are beyond management's control. These statements involve risks and uncertainties that may cause Mister Car Wash’s actual results, performance or achievements to differ materially from any future results, performance or achievements expressed or implied by these forward-looking statements. Forward-looking statements speak only as of the date they are made. Readers are cautioned not to put undue reliance on forward-looking statements, and, except as required by law, Mister Car Wash assumes no obligation and does not intend to update or revise these forward-looking statements, whether as a result of new information, future events, or otherwise.

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