---
schema_version: "secwatch.filing_event.v1"
accession: "0001804745-25-000036"
form_type: "8-K"
ticker: "DRVN"
cik: "0001804745"
company_name: "Driven Brands Holdings Inc."
filed_at: "2025-04-16T23:59:59+00:00"
generated_at: "2026-05-23T13:36:09.659866+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Driven Brands closes $385M sale of U.S. car wash business to Whistle Express

## Summary
- Cash proceeds of ~$255M plus $130M seller note; total consideration ~$385M subject to adjustments.
- Proceeds will be used to pay down debt; company targets net leverage ≤3x by end of 2026.
- U.S. car wash business will be reported as discontinued operations beginning in FY2025.
- Company will focus on its Take 5 Oil Change business and stable franchise operations.

## SEC filing metadata
- accession: 0001804745-25-000036
- form_type: 8-K
- ticker: DRVN
- cik: 0001804745
- company_name: Driven Brands Holdings Inc.
- filed_at: 2025-04-16T23:59:59+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.01, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1804745/000180474525000036/0001804745-25-000036-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1804745/000180474525000036/drvn-20250410.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001804745-25-000036
- JSON: https://secwatch.observer/filing/0001804745-25-000036.json
- Plain text: https://secwatch.observer/filing/0001804745-25-000036.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.