Driven Brands Holdings Inc. announced today it has agreed to sell its international car wash business, IMO Car Wash, to private investment firm Franchise Equity Partners for €406 million ($471.2 million).
The transaction, expected to close in the first quarter of 2026, includes IMO’s 720 locations primarily in the United Kingdom and Germany, with additional sites in nine other European countries and Australia. The deal is subject to regulatory approvals.
“This transaction sharpens our focus on what we do best — scaling Take 5 and driving consistent cash generation through our Franchise Brands,” said Danny Rivera, president and CEO of
Subscribers need to be logged in to see rest of this article. Please Login to access. If you're not a subscriber, click here for information on our satisfaction guaranteed subscription options.
Leave a Reply
You must be logged in to post a comment.