FEP announces IMO Car Wash acquisition
FEP announces the IMO Car Wash acquisition, adding 720 global sites and expanding its multi-unit retail presence.
NEW YORK, NEW YORK, USA / Carwash.com / December 5, 2025 — Franchise Equity Partners, LP (FEP) announced the IMO Car Wash acquisition from Driven Brands (NASDAQ:DRVN). FEP will acquire IMO Car Wash’s full portfolio of 720 locations. These locations span across the United Kingdom, Germany, nine additional European countries and Australia. Additionally, the IMO Carwash acquisition gives FEP an international platform anchored by the world’s largest tunnel carwash business.
FEP expands with IMO Car Wash acquisition
IMO Car Wash began 60 years ago and built one of the most recognized global carwash brands. Furthermore, the company serves millions annually through its convenient, high-volume model and operates a diversified footprint supported by leaders with deep sector expertise.
Scott Romanoff, co-managing partner at FEP, said, “We believe IMO represents a rare opportunity to acquire a market-leading, long-standing brand with a highly defensible footprint and a strong operating team.” Romanoff said the firm aims to optimize and enhance performance across the full portfolio. He added that IMO’s customer base, retail partnerships and experienced leadership create strong potential for organic growth.
Mike Esposito, co-managing partner at FEP, added, “Our investment in IMO is FEP’s inaugural transaction outside the United States.” Esposito said the deal provides an ideal foundation to extend FEP’s multi-unit retail presence across the United Kingdom, Europe and beyond.
IMO prepares for growth under new ownership
FEP plans to increase wash volumes, elevate the customer experience and strengthen strategic retail partnerships. In addition, IMO maintains strong ties with retailers across the UK and EU, operating on-site carwashes that increase traffic for both IMO and host partners.
“This marks an important milestone for IMO Car Wash,” said Adam Green, president of IMO Car Wash. “FEP understands both the heritage and the potential of our brand. Their long-term approach, commitment to operational excellence, and deep experience in multi-unit business models make them an ideal partner as we focus on unlocking more value from our existing network.” Moreover, Green said the company looks forward to strengthening its market position. Also, continued Green, continuing to serve customers with support from FEP.
FEP reinforces strategy with global expansion
The acquisition supports FEP’s strategy of partnering with category-leading operators in resilient industries where scale, brand strength and efficiency drive sustainable advantages. For more information about Franchise Equity Partners, please visit https://www.fep-us.com.
