Driven Brands to sell international car wash business IMO to Franchise Equity Partners for €406 million

News
M&A

The company says that while IMO is a good business, it is not core to its long-term strategy

Driven Brands, a US-based automotive aftermarket repairing and servicing company, has announced a definitive agreement to sell its international car wash business, IMO, to Franchise Equity Partners.

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