Driven Brands Announces Closing of Sale of International Car Wash Business [Yahoo! Finance]
Driven Brands Holdings Inc. (DRVN)
Company Research
Source: Yahoo! Finance
the completion of the sale of IMO, its international car wash business, to Franchise Equity Partners. "The completion of this transaction is a strategic milestone for Driven Brands, sharpening our focus on what we do best — scaling our industry-leading Take 5 business and driving consistent cash generation from our franchise brands," said Danny Rivera, President and Chief Executive Officer. "I want to thank everyone involved for their hard work in closing the transaction. This divestiture simplifies our portfolio, strengthens our balance sheet, and further positions Driven Brands to generate value for shareholders." Under the terms of the agreement, Franchise Equity Partners paid Driven Brands total aggregate consideration of approximately € 411 million. Cash proceeds from the transaction will primarily be used to pay down debt. The Company plans to report the results of the Car Wash segment as discontinued operations beginning in the fourth quarter of 2025. Auto Glass Now, cu
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DRVN
News
- 3 Stocks Under $50 We Approach with Caution [Yahoo! Finance]Yahoo! Finance
- Driven Brands simplifies its portfolio with the sale of its international car wash business [Seeking Alpha]Seeking Alpha
- Driven Brands Announces Closing of Sale of International Car Wash BusinessBusiness Wire
- Driven Brands (NASDAQ:DRVN) was downgraded by analysts at Zacks Research from a "hold" rating to a "strong sell" rating.MarketBeat
- Driven Brands (NASDAQ:DRVN) was given a new $17.00 price target on by analysts at Morgan Stanley.MarketBeat
DRVN
Earnings
- 11/4/25 - Beat
DRVN
Sec Filings
- 1/27/26 - Form 8-K
- 1/23/26 - Form 4
- 1/21/26 - Form 144
- DRVN's page on the SEC website