According to a report by Bloomberg, Roark Capital is considering a sale of its stake in Driven Brands Inc., the parent of CARSTAR, Maaco and 1-800-Radiator and other automotive franchises. The article states the company could sell for as much as $2 billion according to sources.
Roark Capital acquired Driven Brands in 2015 from Harvest Capital. At the time, Driven Brands owned Maaco. In June 2015, shortly after the Roark acquisition, Driven Brands acquired 1-800-Radiator. In October 2015, Driven Brands announced the acquisition of CARSTAR.
According to the Bloomberg report, the private equity firm is speaking to