Franchise Equity Partners $(FEP)$ has agreed to acquire IMO Car Wash, the world's largest tunnel car wash operator with 720 locations, from Driven Brands. IMO Car Wash operates primarily in the UK and Germany, as well as in nine other European countries and Australia. According to FEP, this marks their first international acquisition and aligns with their strategy of partnering with leading operators in resilient industries. IMO Car Wash, founded 60 years ago, serves millions of customers annually and is recognized for its strong brand and operational expertise. FEP plans to focus on optimizing and expanding IMO's existing portfolio, leveraging its established customer base and experienced management team.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Driven Brands Holdings Inc. published the original content used to generate this news brief via PR Newswire (Ref. ID: GE37253) on December 03, 2025, and is solely responsible for the information contained therein.