Franchise Equity Partners (FEP) is set to acquire IMO Car Wash, one of the world’s largest tunnel car wash networks with 725 locations. The portfolio includes sites in the United Kingdom, Germany, 9 other European countries and Australia.

Franchise Equity Partners (FEP) has signed an agreement to acquire IMO Car Wash, the world’s largest tunnel car wash operator, from Driven Brands.

As 2025 comes to a close, middle-market dealmakers keep M&A volume up with carve-out deals and take-private transactions

The transaction includes IMO’s entire network of 720 locations, primarily across the UK and Germany.

FEP announces the IMO Car Wash acquisition, adding 720 global sites and expanding its multi-unit retail presence.

Following the divestiture, Driven Brands anticipates a slight decrease in same-store sales growth, but maintains its store expansion targets.

Driven Brands Holdings Inc. has decided to sell its international car wash business, IMO Car Wash, to Franchise Equity Partners for €406 million. This strategic move aims to streamline operations and reduce net leverage ratio.

Driven Brands Holdings Inc. (NASDAQ:DRVN) announced Tuesday it has entered into a definitive agreement to sell its international car wash business, IMO, to Franchise Equity Partners for €406 million.

Franchise Equity Partners, LP, a private investment firm on a mission to create long-term partnerships with quality franchisees, franchisors, and multi-unit companies, today announced that it has entered into an agreement to acquire IMO Car Wash, the largest tunnel car wash business in the world, from Driven Brands (NASDAQ:DRVN).

Franchise Equity Partners, LP (FEP) is excited to announce its agreement to acquire IMO Car Wash, recognized as the largest tunnel car wash operator globally. This acquisition comes as a significant milestone for FEP, marking its first international foray beyond U.S. borders.