Driven Brands to divest international car wash business

Driven Brands (DRVN) has entered into a definitive agreement to sell its international car wash business, IMO, to Franchise Equity Partners.

REDMOND, WASHINGTON / MSN Money / December 5, 2025 — 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.

The transaction is expected to close in the first quarter of 2026, subject to receipt of specified regulatory approvals. Cash proceeds from the transaction will primarily be used to pay down debt and for general corporate purposes.

“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.”

With the divestiture, Driven Brands updated its outlook for the fiscal year ending December 27, 2025, expecting adjusted diluted EPS from continuing operations in the range of $1.18 to $1.23 on a preliminary basis. Revenue is seen at ~$1.85 billion - $1.87 billion.

With the reclassification of the international car wash business to discontinued operations, the company now expects same-store sales growth to be slightly below the low end of its original range of 1% to 3%.