Driven Brands finalizes sale of U.S. car wash business to Whistle Express
The transaction marks a strategic move for the automotive services giant as it sharpens its focus on its core, high-performing businesses.
Driven Brands Holdings has officially completed the sale of its U.S. car wash division to Express Wash Operations,operating under the Whistle Express Car Wash brand.
The transaction marks a strategic move for the automotive services giant as it sharpens its focus on its core, high-performing businesses. The company will report the U.S. car wash segment as discontinued operations starting in fiscal year 2025.
“This milestone allows us to concentrate our efforts on our industry-leading Take 5 Oil Change business and our strong, cash-generating franchise operations,” said Jonathan Fitzpatrick, President and CEO of Driven Brands.
As part of the deal, Whistle paid approximately $255 million in cash and issued a $130 million negotiable interest-bearing seller note to Driven Brands. The final transaction value remains subject to standard post-closing adjustments and transaction-related expenses.
Headquartered in Charlotte, North Carolina, Driven Brands is one of North America’s largest automotive services companies, operating over 5,200 locations across 14 countries. Its portfolio includes brands such as Take 5 Oil Change, Meineke Car Care Centers, Maaco, Auto Glass Now, CARSTA, and 1-800-Radiator & A/C.
