Driven Brands Announces Agreement to Divest International Car Wash Business
Driven Brands Holdings Inc. (DRVN)
Company Research
Source: Business Wire
--Reiterates fiscal year 2025 outlook excluding International Car Wash----Divestiture to reduce net leverage ratio-- CHARLOTTE, N.C.--(BUSINESS WIRE)--Driven Brands Holdings Inc. (NASDAQ: DRVN) (“Driven Brands” or the “Company”) today announced that it has entered into a definitive agreement to sell IMO, its international car wash business to Franchise Equity Partners.“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 Chief Executive Officer. “IMO is a good business, but it is not core to our long-term strategy. By exiting it, we simplify our portfolio, strengthen our balance sheet, and position Driven Brands to create greater value for shareholders.”Under the terms of the agreement, Franchise Equity Partners will acquire IMO for € 406 million, based on IMO’s balance sheet as of June 30, 2025, which amount is not subject to post-closing adjustments for cash,
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News
- Driven Brands (NASDAQ:DRVN) had its "buy" rating reaffirmed by analysts at Benchmark Co..MarketBeat
- Driven Brands (NASDAQ:DRVN) was upgraded by analysts at William Blair from a "market perform" rating to an "outperform" rating.MarketBeat
- Driven Brands (NASDAQ:DRVN) had its "sell (d)" rating reaffirmed by analysts at <a style="font-weight:bold" href="https://weissratings.com/">Weiss Ratings</a>.MarketBeat
- Franchise Equity Partners to Acquire IMO Car Wash from Driven BrandsPR Newswire
- Franchise Equity Partners to Acquire IMO Car Wash from Driven BrandsPR Newswire
DRVN
Earnings
- 11/4/25 - Beat
DRVN
Sec Filings
- 12/2/25 - Form 8-K
- 11/12/25 - Form 4
- 11/5/25 - Form 10-Q
- DRVN's page on the SEC website