Mister Car Wash shares surged 14.9% in pre-market trading on Monday after Leonard Green & Partners announced a $3.1 billion buyout offer to take the company private.

This transaction marks the return of the car wash chain giant to private equity, with the acquisition price showing a significant premium over the recent closing price. The market has responded enthusiastically, and the strong rise in share price reflects investors' approval of the acquisition terms. As the largest chain car wash service provider in North America, Mister Car Wash will end its journey as a public company after the acquisition. The deal is expected to be finalized in the coming months.