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Announced

Completed

Roark Capital-backed Driven Brands completed the acquisition of International Car Wash Group.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Majority

Single Bidder

wash installations

Consumer Services: Other

Private

United States

Acquisition

Completed

Friendly

Private Equity

Synopsis

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Roark Capital-backed Driven Brands, an automotive repair center operator, completed the acquisition of International Car Wash Group, a car wash company. Financial terms were not disclosed. "We are excited to officially welcome ICWG to our growing family of brands. The team at ICWG should be incredibly proud of the company they’ve helped create, and we look forward to building on their success and accelerating long-term growth at ICWG," Jonathan Fitzpatrick, Driven Brands CEO.

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