CHARLOTTE, N.C.--(BUSINESS WIRE)--Driven Brands Car Wash North America announces its continued expansion in the Mid-South with the acquisition of two Cheetah Clean Auto Wash locations in Kentucky. This acquisition expands Driven Brands’ presence in the state to five locations since the first Car Wash USA Express location opened in Madisonville, Kentucky in 2019.
The acquired Cheetah Clean locations are located in Radcliff, a Louisville suburb, and Franklin, near the Tennessee border. Owner Jeff Fields, who operates three other Cheetah Clean locations in Kentucky, said, “We decided to sell two stores for growth capital. We picked Driven Brands as a partner in the transaction because of the flexibility they offered. They made a great offer and closed in less than 45 days from LOI. Their requests were more than fair and we are extremely happy with the transaction.”
Gabe Mendoza, President of Driven Brands Car Wash North America, commented, “We are excited to work with the Cheetah Clean team as we continue to grow in Kentucky, and we welcome the Radcliff and Franklin communities to the Driven Brands Car Wash network.”
About Driven Brands Car Wash
Driven Brands Car Wash is the world’s largest local car wash, cleaning more than 40 million cars a year. Driven Brands entered the car wash industry in 2020 with the acquisition of International Car Wash Group. It operates over 900 locations in 14 countries across US, Europe and Australia, with over 200 US venues. The Company was founded in Germany in 1965 under the IMO brand, the name still used at its non-US locations.
Driven Brands Car Wash North America operates under the Car Wash USA Express, Goo-Goo Express Wash, Supersonic Car Wash, The Wash Factory, and Mister B’s brands. It aims to be the partner of choice for employees and all car wash operators potentially interested in joining the Driven Brands Car Wash family.
About Driven Brands
Driven Brands™, headquartered in Charlotte, NC, is the parent company of some of North America’s leading automotive service brands including 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™. As a result of the ICWG acquisition, Driven Brands has more than 4,000 centers across 15 countries, and combined, all businesses generate over $3 billion in system-wide sales and service over 50 million vehicles annually. For more information, visit drivenbrands.com
Contacts
Justin Clary
Marketing Manager
Driven Brands Car Wash North America
justinclary@icwg.com
