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Leaders in Automotive Aftermarket Win Accolade After Achieving Significant Growth in 2015
CHARLOTTE, NC --(Marketwired - February 22, 2016) - Driven Brands, Inc., one of the largest automotive franchise holding companies in the world, has been named a winner in Franchise Times fourth annual Dealmakers Awards. The award recognizes the boldest players driving mergers and acquisitions in franchising.
Driven Brands, one of 12 winners, was recognized after an active 2015 that saw the company rapidly expand its list of holdings. Soon after being acquired by an affiliate of Atlanta-based Roark Capital in April 2015, Driven Brands quickly acted on an aggressive growth campaign that launched with the acquisition of 1-800 Radiator, Inc. in June, CARSTAR Auto Body Repair Experts in October and CARSTAR Canada in December.
"Our investment partners have stood by their commitment to invest in our growth and have remained committed to our profitability and long-term success," said Johnathan Fitzpatrick, CEO of Driven Brands. "We look forward to continuing to leverage their deep knowledge and expertise in the franchising industry."
With the addition of 1-800-Radiator, Inc., Driven Brands laid the foundation for its distribution division. Gaining CARSTAR Auto Body Repair Experts and CARSTAR Canada drove Driven Brands to develop its Paint & Collision division led by Group President, Jose Costa. The division is comprised of Maaco, Drive N Style and the CARSTAR brands. Collectively, these brands operate more than 1,000 body shops across North America, generate more than $1.2 billion in annual system sales and further establish Driven Brands as a leader in the automotive aftermarket space.
Driven Brands manages a family of automotive aftermarket brands including Maaco®, Meineke Car Care Centers®, Merlin 200,000 Mile Shops®, Econo Lube N' Tune®, Pro Oil®, CARSTAR®, Drive N Style® and 1-800-Radiator & A/C®.
The winners of the Franchise Times Dealmakers awards were selected by a panel of judges, all experts in franchise mergers and acquisitions, from finalist nominations solicited by Franchise Times in the fourth quarter.
About Driven Brands
The Driven Brands family of automotive companies, headquartered in Charlotte, NC, serves as parent company for several businesses including: MAACO®, Meineke Car Care Centers®, Merlin 200,000 Mile Shops®, Econo Lube N' Tune, Pro Oil®, CARSTAR®, 1-800-Radiator & A/C®, and Drive N Style®. Driven Brands has more than 2,000 centers across North America. Combined, all businesses generate more than $2 billion in system sales. For more information, visit www.DrivenBrands.com.
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