Driven Brands acquires The Wash Factory

The Wash Factory was acquired by Driven Brands on Jan 09, 2020.

Deal Overview
Purchase Date
January 9, 2020
Primary State
Sites Bought
Deal Value
Transaction Synopsis
  • Driven Brands/ICWG has successfully acquired seven sites from The Wash Factory.
  • Five of the sites are in the Dallas-Fort Worth, TX metro area and the other two are located in the suburbs of Oklahoma City, OK.
Market Significance
  • ICWG also has several greenfield sites under construction and development in the Texas market.
  • According to Jeff Maize, ICWG’s Senior Vice President, Acquisitions, “We were looking to significantly grow our presence in the Texas market and are fortunate to have struck deals to acquire these three important operators to give us a larger base for continued growth and expansion in both Texas and Oklahoma.”
Client Impact
Management Commentary