Driven Brands has announced its acquisition of International Car Wash Group (“ICWG”) has been completed. Driven Brands is a portfolio company of Roark Capital, an Atlanta-based private equity firm. Roark acquired ICWG in October 2017.
With the addition of ICWG, Driven Brands now encompasses more than 4,000 locations across 15 countries and approximately $3.8 billion in annual system-wide sales, making it the largest automotive aftermarket services company by location count in North America.
Driven Brands has completed more than 35 acquisitions over the past five years. In addition to ICWG, its portfolio includes Take 5 Oil Change, Meineke Car Care Centers, Automotive Training Institute, Maaco, CARSTAR, ABRA, Uniban, 1-800-Radiator & A/C, and PH Vitres d’Autos.
Jonathan Fitzpatrick is the CEO of Driven Brands. Gabe Mendoza has been named president of ICWG North America, and Tracy Gehlan will be joining Driven Brands as president of ICWG International.