Driven Brands Holdings Inc. (NASDAQ: DRVN) (“Driven Brands” or the “Company”) today announced the completion of the sale of IMO, its international car wash business, to Franchise Equity Partners.

Driven Brands (DRVN) sells IMO car wash for €411M to pay down debt, sharpen Take 5 focus, and boost shareholder value.

Stifel analyst Chris O’Cull notes that Driven Brands (DRVN) reported “stable” Q4 results and believes that the sale of the car wash business removes “a meaningful overhang for the stock.” Eliminating ...

Driven Brands Holdings Inc. has completed the sale of IMO Car Wash, its international car wash business, to Franchise Equity ...

CHARLOTTE, N.C.--(BUSINESS WIRE)-- Driven Brands Holdings Inc. (NASDAQ: DRVN) (“Driven Brands” or the “Company”) today announced the completion of the sale of its U.S. car wash business to Express ...