Take 5 Car Wash is the largest domestic operator of car wash sites. The chain offers exterior car wash services that utilize an automated conveyor belt to pull vehicles along a track where they...
Take 5 Car Wash is the largest domestic operator of car wash sites. The chain offers exterior car wash services that utilize an automated conveyor belt to pull vehicles along a track where they are machine washed. The brand is the American subsidiary of Driven Brands Holdings, Inc., the largest automotive services company in North America. Since 2020, Driven Brands has acquired numerous car wash businesses, both domestic and international. During 2022, Driven Brands began rebranding their U.S. locations under the banner of Take 5 Car Wash. At the end of 2022, they had 390 company-operated car wash locations across the United States.
Driven Brands Holdings Inc. is the largest provider of diversified automotive services in North America. The company provides a range of automotive services under the segments of Maintenance, Car Wash, Paint, Collision, and glass, as well as Platform & Distribution Services. In 2008, only two years after Driven Brands was founded (2006), they were acquired by Roark Capital. In 2021, they became publicly traded (NASDAQ: DRVN). Driven Brands now manages a family of automotive subsidiaries including Meineke, Maaco, Take 5, CARSTAR, Fix Auto, and several others. Driven Brands has a growing and highly franchised base of more than 4,800 locations across 49 states and 13 countries (end of 2022). They employ approximately 11,000 people. In 2022, they had a market cap of $4.57B and an earned revenue of $2.03B, recognizing a net income of $43M. The company has an S&P credit rating of B+ and a long-term Moody’s rating of B3. Driven Brands, Inc. is headquartered in Charlotte, NC.