Driven Brands Holdings Inc. announced the grand opening of its tenth Take 5 co-development in Concord, North Carolina. Bringing Take 5 Oil Change® and Take 5 Car Wash® together in one convenient location simplifies the car care experience for customers and drives operational synergies by developing a quick lube and car wash concurrently, further enhancing the unit-level economics. Building on the early success of the concept, the Company has a pipeline of over 50 co-developed locations set to open in the next two years.

This grand opening milestone follows the Company's 2022 announcement that it would convert all its U.S. car wash locations to the Take 5 brand – which has become synonymous with fast, friendly, simple, and convenient. Over 200 of Driven Brands' car wash locations now operate under the Take 5 banner, and the Company is on track to complete the full rebranding by the end of the year.