Driven Brands Closes Sale of International Car Wash Business to Franchise Equity Partners
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Driven Brands Holdings Inc. has sold its international car wash business, IMO, to Franchise Equity Partners for approximately €411 million. The proceeds will primarily be used to reduce debt, allowing Driven Brands to streamline its portfolio and focus on core businesses, especially the Take 5 brand. The company plans to update its segment reporting structure in Q4 2025, with Auto Glass Now reported as a stand-alone segment. Rothschild & Co. served as financial advisor for the transaction.
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