USA: Driven Brands has acquired over 300 car washes
The company purchased its 100th car wash in the country after the ICWG purchase in August 2020.
Driven Brands Holdings Inc. has announced the acquisition of its 100th car wash in the United States since entering the business in August 2020. After its acquisition by ICWG, the brand has been expanding all over the country at a rapid pace. In total, Driven Brands Car Washes has over 300 sites all over the U.S. territory.
“There is so much fragmentation in the express tunnel car wash industry and we’re excited to be on the forefront of consolidation. Each site we acquire will make us better, and we will make it better. Magic Tunnel is already a great business and we will leverage our scale to bring cost synergies to the business along with our proven Driven playbook to grow it for years to come,” said Jonathan Fitzpatrick, President and CEO of Driven Brands.
“We are thrilled to welcome Magic Tunnel Car Wash to our portfolio at Driven Brands and expand our reach to more customers in the U.S. I am excited to continue building this portfolio as the fastest-growing car wash business in North America,” added John Teddy, who recently joined Driven Brands as EVP and President of Car Wash North America.
The recently acquired Magic Tunnel Car Wash currently operates 16 sites across Ohio, West Virginia and Georgia. It also houses a strong wash club subscriber base, which serves Driven Brands’ overall customer data strategy as the fastest-growing express conveyor car wash operator in the region.
