Whistle Express acquires Take 5 Car Wash for $385M
Combined entity will operate 530 locations across 23 states, making it the largest express car wash company in the United States.
Car wash operator Whistle Express has acquired Take 5 Car Wash from Driven Brands for $385 million. Upon closing of the acquisition, the combined entity will operate 530 locations across 23 states, making it the largest express car wash company in the United States.
"Take 5 Car Wash is an extraordinary brand with a great team, and by combining our strengths, we’re primed to transform the industry and claim our spot as the go-to car wash destination in the U.S.,” said Jose Costa, CEO of Whistle Express Car Wash.
In addition to re-branding all Take 5 Car Wash locations as Whistle Express, Whistle is planning significant investment across four areas: technology, mobile application, membership programs, and sustainability.
“Whistle Express is on a mission to lead the car wash industry, and bringing Take 5 Car Wash into the fold is a game-changing step on that journey,” said David Quick, Managing Director and Assistant Portfolio Manager at Oaktree Capital Management.
Take 5 was one of the largest express car wash operators in the country, operating a network that consists of over 360 locations nationwide.
