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Driven Brands acquires Magic Tunnel Car Wash

Driven Brands acquires Magic Tunnel Car Wash

Magic Tunnel Car Wash was acquired by Driven Brands on Nov 01, 2021.

OverviewMarketImpactCommentary
Deal Overview
Purchase Date
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November 1, 2021
Primary State
Ohio
Ohio
Sites Bought
16
Site(s)
Deal Value
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$88 Million
Transaction Synopsis
  • Driven Brands has successfully acquired 16 car wash sites from Magic Tunnel.
  • Magic Tunnel commands a strong wash club subscriber base, with 16 operating locations across Ohio, West Virginia, and Georgia.
Market Significance

This transaction had a price of 88M.

Client Impact
Management Commentary