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BFA Law Investigates Mister Car Wash Take-Private Deal
Firm urges shareholders to contact them about potential breaches of fiduciary duties by board and controlling shareholder LGP
Mar. 3, 2026 at 12:15am
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Leading securities law firm Bleichmar Fonti & Auld LLP (BFA Law) has announced an investigation into Mister Car Wash, Inc.'s (NASDAQ: MCW) board of directors and its controlling stockholder, Leonard Green & Partners, L.P. (LGP), for potential breaches of their fiduciary duties to shareholders in connection with a potential take-private sale of Mister Car Wash that would cash out every public stockholder for $7 per share.
Why it matters
LGP owns over 66% of Mister Car Wash's common stock, giving it a controlling influence over the company. As the controlling shareholder, LGP owes fiduciary duties to the public stockholders, but the investigation alleges that the $7 per share buyout price may be unfairly low due to conflicts of interest between LGP and Mister Car Wash's board.
The details
BFA Law is investigating whether Mister Car Wash's board and LGP have breached their fiduciary duties to shareholders by pushing through a take-private sale at $7 per share, which may not be a fair price given LGP's controlling ownership stake. LGP has already used its shares to approve the deal, and the company does not plan to solicit any further votes from public shareholders, raising concerns about conflicts of interest.
- On February 18, 2026, Mister Car Wash announced it had agreed to be acquired by LGP for $7.00 per share.
The players
Mister Car Wash, Inc.
A publicly traded car wash company.
Leonard Green & Partners, L.P. (LGP)
The largest owner of Mister Car Wash stock, owning over 66% of the company's common stock and having a controlling influence.
Bleichmar Fonti & Auld LLP (BFA Law)
A leading international law firm representing plaintiffs in securities class actions and shareholder litigation.
What’s next
BFA Law is urging current Mister Car Wash shareholders to contact the firm to discuss their rights and potential legal options regarding the proposed take-private deal.
The takeaway
This investigation highlights concerns about potential conflicts of interest and an unfairly low buyout price for public shareholders of Mister Car Wash, given the controlling ownership stake of the acquiring company LGP.
