€411M sale of overseas car wash arm at Driven Brands (NASDAQ: DRVN)

Rhea-AI Filing Summary

Driven Brands Holdings Inc. has completed the divestiture of its international car wash business. On January 27, 2026, the company sold all of the outstanding equity interests in IMO Car Wash Group Limited and 5.01% of the equity interests in IMO Autopflege GmbH for aggregate consideration of approximately €411 million.

The cash proceeds, after transaction expenses and estimated taxes, will be used primarily to pay down debt. Driven Brands also issued a press release on January 27, 2026 announcing the closing of this transaction.

Insights

Corporate transactions analyst

Driven Brands monetizes international car wash assets for debt reduction.

Driven Brands completed the sale of its international car wash business, including IMO Car Wash Group Limited and 5.01% of IMO Autopflege GmbH, for aggregate consideration of approximately €411 million. This is a strategic portfolio move, shifting value from non-U.S. operating assets into cash.

The company states that cash proceeds, net of transaction expenses and estimated taxes, will be used primarily to pay down debt. Deleveraging can lower interest expense and improve balance-sheet flexibility, but the loss of earnings from the divested business may offset some benefits depending on that unit’s prior profitability.

The transaction closed on January 27, 2026, and a related press release was issued the same day. Subsequent financial reports will clarify how the sale affects revenue mix, margins, and leverage metrics after the international car wash operations are removed.

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

_________________________________

FORM 8-K

_________________________________

CURRENT REPORT

Pursuant to Section 13 or 15(d)

of the Securities Exchange Act of 1934

Date of report (Date of earliest event reported): January 27, 2026

Commission file number: 001-39898

_________________________________

Driven Brands Holdings Inc.

(Exact name of Registrant as specified in its charter)

_________________________________

Delaware

(State or other jurisdiction of incorporation or organization)

139898

(Commission File Number)

47-3595252

(I.R.S. Employer Identification No.)

440 South Church Street, Suite 700

Charlotte, North Carolina

(Address of principal executive offices)

28202

(Zip Code)

(704) 377-8855

(Registrant’s Telephone Number, Including Area Code)

_________________________________

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the Registrant under any of the following provisions (see General Instruction A.2. below):

o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class

Common Stock, $0.01 par value

Trading Symbol

DRVN

Name of each exchange on which registered

The Nasdaq Global Select Market

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Act of 1934 (§ 240.12b-2 of this chapter).

Emerging growth company o

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. o

Introductory Note

On January 27, 2026, pursuant to the previously disclosed stock purchase agreement, dated as of November 27, 2025 (the “Purchase Agreement”), by and among Rose MidCo Limited and Boing Acquisitions Limited, both wholly owned subsidiaries of Driven Brands Holdings Inc. (the “Company) and Neptune Acquisition Bidco Limited, the Company completed the divestiture of all of the outstanding equity interests in IMO Car Wash Group Limited and 5.01% of equity interests in IMO Autopflege GmbH, indirect wholly owned subsidiaries of the Company that own and operate the Company’s international car wash business (the “Transaction”) for aggregate consideration of approximately €411 million. The cash proceeds, net of transaction expenses and estimated taxes, will be primarily used to pay down debt.

Item 2.01 Completion of Acquisition or Disposition of Assets

The disclosure set forth in the Introductory Note of this Current Report on Form 8-K is incorporated herein by reference and is qualified in its entirety by reference to the full text of the Purchase Agreement, which was attached as Exhibit 10.1 to the Company’s Current Report on Form 8-K filed with the SEC on December 2, 2025 and is incorporated herein by reference.

Item 7.01 Regulation FD Disclosure.

On January 27, 2026, the Company issued a press release announcing the closing of the Transaction. A copy of the press release is furnished herewith as Exhibit 99.1.

The information contained in Exhibit 99.1 shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liability of that section, and shall not be incorporated by reference into any registration statement or other document filed by the Company under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in any such filing.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits

Exhibit No.						Description
99.1						Press Release dated September 27, 2026
104						Cover Page Interactive Data File - the cover page XBRL tags are embedded within the Inline XBRL document

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

			DRIVEN BRANDS HOLDINGS INC.
Date: January 27, 2026			By:						/s/ Scott O’Melia
			Name:						Scott O’Melia
			Title:						Executive Vice President, Chief Legal Officer

FAQ

What business did Driven Brands (DRVN) sell in this 8-K?

Driven Brands sold its international car wash business, including all equity in IMO Car Wash Group Limited and 5.01% of equity in IMO Autopflege GmbH. These entities owned and operated the company’s international car wash operations.

How much did Driven Brands (DRVN) receive for its international car wash sale?

Driven Brands received aggregate consideration of approximately €411 million for the divestiture. This figure reflects the total value paid for all equity in IMO Car Wash Group Limited and 5.01% of IMO Autopflege GmbH.

How will Driven Brands (DRVN) use the proceeds from the €411 million transaction?

The company states that cash proceeds from the approximately €411 million transaction, net of transaction expenses and estimated taxes, will be used primarily to pay down debt, indicating a focus on reducing leverage.

When did Driven Brands (DRVN) complete the sale of its international car wash business?

Driven Brands completed the divestiture on January 27, 2026. On the same date, the company issued a press release announcing the closing of the transaction involving its international car wash operations.

Which counterparties were involved in Driven Brands' (DRVN) car wash divestiture?

The transaction was executed under a purchase agreement among Rose MidCo Limited, Boing Acquisitions Limited (both Driven Brands subsidiaries), and Neptune Acquisition Bidco Limited, the buyer of the international car wash equity interests.