Driven Brands Announces Agreement to Divest International Car Wash Business
Driven Brands Driven Brands (US:DRVN) Businesswire·2025-12-02 11:00

Dec 2, 2025 6:00 AM Eastern Standard Time Driven Brands Announces Agreement to Divest International Car Wash Business 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, debt or working capital. The agreement includes customary 'locked box' protections against certain types of financial leakage, and a customary 'ticker' whereby the purchase price inc ...