USA: Driven Brands acquires 18 car washes in South Carolina
The 18 Frank’s Car Wash Express stores extend from the state’s midlands towards the coast. The acquisition is Driven Brands’ largest carwash tuck-in acquisition to date.
Driven Brands Holdings Inc. has acquired 18 Frank’s Car Wash Express stores in South Carolina, which extend from the state’s midlands towards the coast, according to a company’s press release.
The acquisition is Driven Brands’ largest carwash tuck-in acquisition to date, and follows the 10 recently acquired from Racer Classic Car Washes in Texas, in May 2021.
With these two most recent acquisitions, Driven Brands has added a total of 50 car washes in 2021, says the company.
Since acquiring International Car Wash Group in August 2020, Driven Brands has enlarge its footprint with 67 carwashes.
“In this highly fragmented industry, our expansion efforts are just getting started. While we continue to build new carwashes, this acquisition strategy complements our efforts to bring the power of Driven Brands to carwashes across North America,” said Jonathan Fitzpatrick, president and CEO of Driven Brands.
Driven Brands now operates nearly 1,000 car washes in 14 countries across the U.S., Europe and Australia.
