Driven Brands Sells International Car Wash Business to Franchise Equity Partners for €406 Million
Driven Brands Holdings Inc. has agreed to sell its international car wash business, IMO, to Franchise Equity Partners for €406 million. The transaction is expected to close in Q1 2026, subject to regulatory approvals. Proceeds will be used to pay down debt and for corporate purposes. Driven Brands updated its 2025 outlook, projecting revenue of $1.85-$1.87 billion and adjusted EBITDA of $445-$455 million.
Driven Brands Holdings Inc. has entered into a definitive agreement to sell its international car wash business, IMO, to Franchise Equity Partners for €406 million. The purchase price is based on IMO’s balance sheet as of June 30, 2025, and will increase daily by a fixed amount in Euros from July 1, 2025, until the closing date. The transaction is expected to close in the first quarter of 2026, subject to regulatory approvals. Proceeds from the sale will primarily be used to pay down debt and for general corporate purposes. Following the divestiture, Driven Brands updated its 2025 outlook, projecting revenue of approximately $1.85 to $1.87 billion and adjusted EBITDA of about $445 to $455 million. Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Driven Brands Holdings Inc. published the original content used to generate this news brief via Business Wire (Ref. ID: 20251202080011) on December 02, 2025, and is solely responsible for the information contained therein. © Copyright 2025 - Public Technologies (PUBT)
