About ICWG
ICWG is a company based in High Wycombe (United Kingdom) founded in 1965, and was acquired by Driven Brands in August 2020. Automated drive-through car wash services are operated across a network. ICWG has completed 7 acquisitions, including Baird Brothers Express, In N Out Car Wash and TLC Xpress Car Wash. Its chief executive, as recorded, is Bill Derwin. ICWG offers products and services including Automatic Car Wash and EV Charging. Its legal entity is IMO Car Wash Corporate Company.
Company details
Founded in 1965 and based in High Wycombe, United Kingdom, ICWG operates in the automotive services sector. A network of automated drive-through car washes is maintained, where vehicles are cleaned through efficient processes. Optional add-on services are offered, along with EV charging at select sites. Rewards programs for customers and fleet bundles for businesses are provided to support operations.
- Headquarters High Wycombe, United Kingdom
- Stage Acquired
- Email••••••••
- Phone•••• ••••
- Website icwg.com
- Social LinkedIn
- Acquired by Driven Brands (Aug 2020)
- Legal Name Imo Car Wash Corporate Company
- InvestorsDriven Brands
& 3 more
- Investments & AcquisitionsBaird Brothers Express
& 6 more
- Acquired by
Products & Services of ICWG
ICWG offers a comprehensive portfolio of products and services, including Automatic Car Wash and EV Charging.
Automatic drive-through car washing is provided for vehicles to ensure cleanliness and maintenance.
EV charging facilities are offered at select locations to support electric vehicle operations.
Funding Insights of ICWG
- Total Rounds 1
- Investors Count 1
All 1 funding rounds of ICWG with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun 2017 | Private Equity Round | – | CPP Investments | – |
4 investors in total: 4 institutional.
Investors in ICWG
ICWG has secured backing from 4 investors, including institutional and venture fund investors. Prominent investors backing the company include Driven Brands, CPP Investments and Roark Capital.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
TDR Capital is engaged in private equity investments for sustainable growth. | tdrcapital.com | London, United Kingdom | ||
Private equity investments are focused on US-based companies. | 2001 | roarkcapital.com | Atlanta, United States | |
Pension fund assets are managed for sustainable long-term growth. | 1997 | cppinvestments.com | Toronto, Canada | |
Aftermarket automotive services are franchised across the United States. | 2006 | drivenbrands.com | Charlotte, United States |
Investor details for ICWG
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
People of ICWG
1 people are tracked at ICWG (1 in leadership).
| Name | Role | Group |
|---|---|---|
Bill Derwin | CEO | Leadership |
Complete people profiles for ICWG
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
Investments & Acquisitions by ICWG
ICWG has strategically engaged in corporate development activities, having acquired 7 companies. Notable acquisitions include Baird Brothers Express, In N Out Car Wash and TLC Xpress Car Wash.
| Company Name | Description | Domain | Location | Founded | Acquired | Amount |
|---|---|---|---|---|---|---|
Car washing, cleaning, and detailing services are provided. | inoutcarwash.com | Brampton, Canada | 1961 | Oct 2020 | •••• | |
Car washing services are provided in Cuyahoga Falls locations. | villageexpresscarwash.com | Cuyahoga Falls, United States | 1970 | Oct 2020 | •••• | |
Car wash services are provided in Saginaw, United States. | tigerspacw.com | Saginaw, United States | 2017 | Jun 2020 | •••• | |
Car washing services are provided for vehicles in local areas. | yourexpresswash.com | Cedar Hill, United States | 2012 | Jan 2020 | •••• | |
Car wash services are offered via an online platform. | thewashfactory.com | Denton, United States | 2010 | Jan 2020 | •••• | |
Car washing services are provided in Waco, United States. | bairdbrothersexpress.com | Waco, United States | 2008 | Jan 2020 | •••• | |
Car wash services are provided through express facilities. | tlcxpresscarwash.com | Fayetteville, United States | 1994 | Nov 2019 | •••• |
Complete acquisition details for ICWG
Acquired stakes, deal sources and the complete acquisition history require an active premium plan.
- Acquired stakes
- Deal sources
- Complete history
- Exports
Verified entity values are shown only after access is granted.
Timeline of ICWG
12 dated milestones of ICWG across 55 years, from founding to its latest funding, stage changes and deals.
- Founded ICWG is founded.
- Exit Acquired by TDR Capital.
- Funding First funding round.
- Exit Acquired by Roark Capital.
- Acquisition Acquires TLC Xpress Car Wash.
- Acquisition Acquires The Wash Factory.
- Acquisition Acquires Baird Brothers Express.
- Acquisition Acquires Your Express Car Wash.
- Acquisition Acquires Tiger Spa Car Wash.
- Exit Acquired by Driven Brands.
- Acquisition Acquires Village Express Car Wash.
- Acquisition Acquires In N Out Car Wash.
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Frequently Asked Questions about ICWG
ICWG was founded in 1965 and raised its 1st funding round 52 years after it was founded.
ICWG is headquartered in High Wycombe, United Kingdom. It is registered at High Wycombe, Buckinghamshire, United Kingdom.
Bill Derwin is the CEO of ICWG, as recorded in our data.
Founded in 1965 and based in High Wycombe, United Kingdom, ICWG operates in the automotive services sector. A network of automated drive-through car washes is maintained, where vehicles are cleaned through efficient processes. Optional add-on services are offered, along with EV charging at select sites. Rewards programs for customers and fleet bundles for businesses are provided to support operations.
ICWG offers Automatic Car Wash and EV Charging.
ICWG has made 7 acquisitions, including Baird Brothers Express, In N Out Car Wash, and TLC Xpress Car Wash.
ICWG has 4 investors. Key investors include Driven Brands, CPP Investments, Roark Capital, and TDR Capital.
ICWG operates through Imo Car Wash Corporate Company.
Yes. ICWG was acquired by Driven Brands in August 2020.