Driven Brands Announces Closing of Sale of U.S. Car Wash Business
Driven Brands Holdings Inc. (DRVN)
Company Research
Source: Business Wire
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 Wash Operations, LLC dba Whistle Express Car Wash (“Whistle”).“The completion of this transaction marks an important milestone for Driven Brands, enabling us to focus on our industry-leading Take 5 Oil Change business underpinned by our stable, cash-generating franchise businesses,” said Jonathan Fitzpatrick, President and Chief Executive Officer. “I want to thank everyone involved for their hard work in completing this transaction. We are confident this disposition will better position the company to execute on our strategic initiatives.”Under the terms of the agreement, Whistle paid Driven Brands approximately $255 million in cash and delivered to Driven Brands a negotiable interest-bearing seller note in the principal amount of $130 million. Final proceeds are subject to customary post
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DRVN
News
- Driven Brands (NASDAQ:DRVN) was downgraded by analysts at <a style="font-weight:bold" href="https://www.wallstreetzen.com/newsletters/zen-ratings?ticker=DRVN&utm_campaign=getratings&utm_medium=online&utm_source=MarketBeat">Wall Street ZeMarketBeat
- 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
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