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Driven Brands Sells Car Wash Unit In $471 Million Deal

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Driven Brands Holdings Inc. (NASDAQ:DRVN) on Tuesday disclosed a definitive agreement to sell its international car wash business, IMO, to Franchise Equity Partners for 406 million euros (around $471 million). The deal, based on IMO’s June 30, 2025, balance sheet, includes standard locked-box…

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