Driven Brands Holdings has struck a deal to sell its U.S. car wash business for $385 million, and also named a new chief executive.

Stifel analyst Chris O’Cull notes that Driven Brands (DRVN) reported “stable” Q4 results and believes that the sale of the car wash business

Driven Brands Holdings Inc. (NASDAQ: DRVN) ("Driven Brands" or the "Company"), the largest automotive services company in North America, today announced that it has entered into a definitive agreement to sell its U.

A self-service car wash business in Russell caught fire on Wednesday night. According to Russell Fire Chief Billy Selvage, his department responded to a call around 8:15 p.m. at Russell Touchless Car Wash at 1420 Diederich Blvd.

Driven Brands (DRVN) announced that it has entered into a definitive agreement to sell its U.S. car wash business to Express Wash Operations