Driven Brands/ICWG acquires Team Clean

Team Clean Car Wash was acquired by Driven Brands on Jul 23, 2020.

Deal Overview
Purchase Date
July 23, 2020
Primary State
Arkansas
Sites Bought
8
Sites
Deal Value
Undisclosed
Transaction Synopsis
  • Driven Brands has announced the acquisition of eight sites across Arkansas and Tennessee with the purchase of Team Clean, and plan on rebranding to the Car Wash USA Express name.
  • Kerry Sewell stated, “Brad and his team have built a great business, and the locations of the Team Clean sites are the perfect complement to ICWG’s existing Car Wash USA Express mid-south footprint.”
Market Significance

This transaction brings seven additional sites to Driven's Arkansas network and an additional site in Tennessee.

Client Impact
Management Commentary