Driven Brands acquires Frank’s Car Wash Express

Frank's Car Wash was acquired by Driven Brands on Jul 15, 2021.

Deal Overview
Purchase Date
July 15, 2021
Primary State
South Carolina
Sites Bought
Deal Value
Transaction Synopsis
  • Driven Brands has successfully acquired 18 sites throughout South Carolina from Frank's Car Wash.
  • “We’ve been extremely pleased with the performance of the carwash segment within the Driven Brands portfolio,” said Jonathan Fitzpatrick, president and CEO of Driven Brands. “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.”
Market Significance
  • This is the largest car wash acquisition for Driven Brands to date and follows the 10 recently acquired Racer Classic Car Washes in Texas in May.
  • Driven Brands has acquired a total of 50 car washes in 2021.
Client Impact
Management Commentary