Driven Brands acquires 18 Frank’s Car Wash Express stores

Driven Brands acquires 18 Frank’s Car Wash Express stores

CHARLOTTE, N.C. — The company has acquired a total of 67 carwashes since entering the business in August 2020.

CHARLOTTE, N.C. — Driven Brands Holdings Inc. (NASDAQ: DRVN) announced the acquisition of 18 Frank’s Car Wash Express stores in South Carolina, according to a press release.

This acquisition is the largest carwash tuck-in acquisition for Driven Brands to date and follows the 10 recently acquired Racer Classic Car Washes in Texas in May.

Including these two acquisitions, Driven Brands has acquired a total of 50 car washes in 2021.

Since acquiring International Car Wash Group in August 2020, Driven Brands has acquired 67 carwashes.

“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.”

Frank’s Car Wash Express has washed more than 14 million cars since 1973, and “The State” newspaper has voted Frank’s the “best” carwash for 26 years in a row.

It has 18 locations from the South Carolina midlands extending toward the coast.

“The family and I are excited about this opportunity to partner with Driven Brands to build upon the legacy my father Frank started in 1973,” said Mike Hutchins, former owner of Frank’s Car Wash Express. “For the past 48 years, we have strived for excellence, and we are very happy that Driven Brands shares this same vision and standards. Although this decision was not an easy one, I knew from day one that Driven Brands was the right fit to continue the reputation as the premier carwash company in South Carolina.”

Driven Brands now operates nearly 1,000 car washes in 14 countries across the U.S., Europe and Australia.

Read about the top 100 carwash M&A deals here.

You May Also Like

PayRange launches #IHEARTPAYRANGE contest

PORTLAND, Ore. — One grand-prize winner will receive free purchases for a year; nine additional winners will receive free purchases for a month.

PORTLAND, Ore. — PayRange Inc., a manufacturer of a mobile payment app and payment hardware for automated retail, announced in a press release the launch of the #IHEARTPAYRANGE contest for users of the PayRange app.

The contest is intended to celebrate and thank the more than 6 million loyal PayRange users. 

Flying Ace’s 14th grand opening raises record amount for food pantry

MASON, Ohio — During the grand opening, Flying Ace offered a free signature carwash to every customer in exchange for a monetary donation to Mason Food Pantry.

SCWA 2023: recording-breaking convention and expo

FORT WORTH, Texas — Southwest Car Wash Association event hosted nationally recognized speakers, EXPO, educational sessions and more.

Take 5 Car Wash opens 5 new sites

CHARLOTTE, N.C. — In celebration of the grand openings, customers will have the chance to try any tier of Take 5 Unlimited memberships.

Express Wash Concepts ranked on Inc.’s list of Midwest’s fastest growing companies

COLUMBUS, Ohio — The company celebrates its third consecutive year on the list, which ranks the fastest-growing private companies in 12 Midwestern states.

Other Posts

BendPak Announces Death of Gary Henthorn

SANTA PAULA, Calif. — Son of BendPak founders established Dannmar, MaxJax and Garage Equipment Supply.

Arrow McLaren, Lucas Oil announce partnership extension

INDIANAPOLIS — Lucas Oil branding will continue to be represented on all three Arrow McLaren Chevrolets.

The Wash Tub is selling 2023 Fiesta medals at select locations

SAN ANTONIO, Texas — The medals will be sold through April 30 to raise money for The Children’s Shelter.

Master detailer leads preservation project team to Petersen Automotive Museum

LAGUNA HILLS, Calif. — The team cleaned and prepped six classic vehicles for a museum preservation project.