Franchise Equity Partners Expands with Strategic Acquisition of IMO Car Wash

Franchise Equity Partners Acquires IMO Car Wash

Franchise Equity Partners, LP (FEP), a private investment firm focused on developing long-term partnerships with franchisees and franchisors, has recently announced a pivotal acquisition that will enhance its global footprint. On December 2, 2025, FEP finalized an agreement to purchase IMO Car Wash, the world's leading car wash tunnel operator, from Driven Brands (NASDAQ: DRVN). This transaction encompasses a robust portfolio of 720 locations, primarily situated in the UK and Germany, along with several other sites across nine additional European countries and Australia.

Established 60 years ago, IMO Car Wash is regarded as one of the most trusted brands in the car wash service industry. Every year, it meets the demands of millions of customers through its convenient, high-volume service model. The company's extensive footprint and seasoned leadership team boast deep industry experience, positioning IMO favorably in the competitive car wash market.

Scott Romanoff, co-managing partner at FEP, expressed his enthusiasm about the acquisition, stating, "We believe IMO represents a rare opportunity to acquire a long-established leading brand, well-rooted with a strong operational team. Our primary goal is to optimize and enhance the overall performance of the existing portfolio." He further mentioned the significant potential for organic growth through IMO’s established customer base and partnerships with retailers.

Mike Esposito, co-managing partner at FEP, noted that this marks their first international venture outside the US, asserting, "We view this as an ideal foundation to expand our already strong presence in the retail chain sector beyond the United States, reaching into the UK, Europe, and beyond."

With FEP's support, IMO aims to focus on increasing wash volumes, enhancing customer experiences, and strengthening strategic partnerships with retailers. The company has cultivated strong relationships with retailers across the UK and the EU, operating wash stations to boost customer flow for both IMO and its retail partners.

Adam Green, President of IMO Car Wash, recognized the acquisition as a major milestone, stating, "FEP understands both the heritage and potential of our brand. Their long-term approach and commitment to operational excellence make them the ideal partner as we strive to enhance the value of our existing network. We look forward to working with FEP to solidify our market position while continuing to meet our customers' expectations."

This acquisition aligns with FEP’s strategic approach of partnering with industry leaders in resilient sectors where brand recognition, scalability, and operational efficiency create sustainable competitive advantages. FEP specializes in providing capital to franchise businesses and their owners, intending to foster growth, streamline ownership structures, and facilitate succession planning among other strategic business opportunities.

For more information about Franchise Equity Partners, please visit www.fep-us.com.