Driven Brands Holdings filed on December 22 with the U.S. Securities and Exchange Commission (SEC) to raise up to $100 million in an initial public offering. Rennaissance Capital said, however, the deal is likely a placeholder for an IPO we estimate could raise up to $600 million. Driven Brands franchise network has 4,100 locations across […]
Roark Capital Reported Considering Sale of Driven Brands Stake
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 […]
Driven Brands Selects Medallia to Capture Customer Experience
Medallia, Inc. has partnered with Driven Brands, the parent of company of Maaco, Meineke, Take 5 Oil Change, CARSTAR and 1 800 Radiator, to capture customer feedback and provide insights tailored to each brand and franchise location. Driven Brands, headquartered in Charlotte, North Carolina, has more than 2,500 franchise locations. Medallia and Driven Brands partnered […]
Driven Brands Acquires 1-800-Radiator & A/C
Driven Brands announced that it has entered into an agreement to acquire 1-800-Radiator & A/C, the automotive parts distributor in North America. “We are excited to welcome 1-800-Radiator to the Driven Brands family,” said Driven Brands CEO Jonathan Fitzpatrick. “1-800-Radiator is well respected by its customers and franchisees alike. We look forward to leveraging their […]