Driven Brands acquires Tropic Car Wash

Tropic Car Wash was acquired by Driven Brands on Oct 13, 2021.

OverviewMarketImpactCommentary
Deal Overview
Purchase Date
October 13, 2021
Primary State
Louisiana
Sites Bought
5
Sites
Deal Value
Undisclosed
Transaction Synopsis
  • Driven Brands has acquired Tropic Car Wash with five locations.
  • Four of the sites are located in the Greater New Orleans area, and the other is in Gainesville, FL.
  • Tropic Car Wash, founded in 2002, was one of the first adopters of the express wash model in Louisiana.
Market Significance

Driven Brands Car Wash operates nearly 1,000 locations in 14 countries across the United States, Europe and Australia, with over 250 locations in the United States.

Client Impact
Management Commentary