Driven Brands Holdings Inc. (NASDAQ: DRVN) announced it has completed the previously announced sale of its U.S. car wash business to Whistle Express Car Wash. The transaction, valued at approximately $385 million, consists of $255 million in cash and a $130 million interest-bearing seller note. The final proceeds may change due to customary post-closing adjustments […]
Ron Greenman Named Interim President of ATI
The Automotive Training Institute (ATI) has announced the appointment of Ron Greenman as Interim President. Greenman, who joined ATI in 2016 as its first full-time Chief Financial Officer, was promoted to Chief Operating Officer in 2021. During his tenure as COO, he helped scale operations, optimize internal processes, and support the company’s growth. “I’m incredibly […]
Driven Brands Reports 2024 Revenue of $2.3 Billion
Announces CEO transition and car wash business sale. Driven Brands Holdings Inc. (NASDAQ: DRVN), the parent of CARSTAR and MAACO, announced its fourth quarter and full-year 2024 financial results on February 25, while also revealing plans for a CEO transition and the sale of its U.S. car wash business. For 2024, Driven Brands delivered revenue […]
Driven Brands Collision Heart Fund Activated to Support Employees Impacted by California Wildfires
The Driven Brands Collision Group consisting of Abra, CARSTAR, and Fix Auto USA, has a significant number of franchise locations and employees in California. While all of our locations and employees are safe following the recent wildfires, many team members in the greater Los Angeles area are facing the aftermath of these devastating events. In […]
Maaco Celebrates Top Performers at 2024 Annual Convention
Maaco held an awards ceremony at its convention in Hollywood, Fla. on November 14. The convention is an annual opportunity to showcase successes from the year, provide key company updates along with recognizing the top performing franchisees who exemplified outstanding sales, operational excellence, leadership, growth and overall performance. This year’s convention had nearly 300 attendees […]
Frank Petrane Named President at Maaco
Maaco announced that it has appointed Frank Petrane to serve as its Brand President. Prior to his appointment, Petrane served as Senior Vice President of Fleet Programs at Driven Brands. Petrane has spent more than 18 years in roles of increasing responsibility at Driven Brands, after starting with Maaco as a National Account Manager in […]
Driven Brands Collision Group Announces Abra, CARSTAR, and Fix Auto USA Franchisee of Year Awards at Annual Conference
Abra, CARSTAR, and Fix Auto USA franchise partners kicked off the 2024 US Driven Brands Collision Group conference in Texas style on Tuesday, launching three days of education, networking opportunities, fundraising events, and the annual awards celebration. The “Limitless 2024” conference is being held at the Omni Dallas Hotel, located in the heart of the […]
Driven Brands Collision Group Conference October 8-10 in Dallas
Abra, CARSTAR and Fix Auto USA franchise partners will gather under the Driven Brands Collision Group banner for the second annual Driven Brands U.S. collision repair conference, taking place October 8-10, along with Driven Brands team members, vendors and industry leaders. The Limitless 2024 conference will be held at the Omni Dallas Hotel, located in […]
ATI Partners with 3M on Collision Repair Facility Buying Program and Training
ATI, a wholly owned company of Driven Brands (NASDAQ: DRVN) that provides coaching, training, and consulting for independent automotive repair and collision repair facility owners, announced a new partnership program between ATI and 3M that will bring significant benefits to ATI Collision clients nationwide. This collaboration will provide ATI clients with access to a national […]
Driven Brands Sells Canadian Glass Distribution Business
Driven Brands Holdings Inc. (NASDAQ: DRVN) today announced the sale of its Canadian auto glass distribution business, primarily operated under the PH Vitres d’Auto brand (PH), to PGW Auto Glass, a North American glass distributor, effective August 31. Terms of the transaction are not being disclosed. Based in Sainte-Perpetue, Quebec, PH Vitres employs more than […]
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