Driven Brands Holdings Inc. (NASDAQ: DRVN) has announced the acquisition of its 100th car wash since entering the business in August 2020 with the acquisition of International Car Wash Group (ICWG). This brings the total number of Driven Brands Car Washes in the United States to more than 300.
The company most recently acquired Magic Tunnel Car Wash, which operates 16 sites across Ohio, West Virginia, and Georgia. Magic Tunnel has a strong wash club subscriber base, aligning with Driven Brands’ overall customer data strategy.
“Magic Tunnel is already a great business and we will leverage our scale to bring cost synergies to the business along with our proven Driven playbook to grow it for years to come,” said Jonathan Fitzpatrick, president and CEO of Driven Brands.