Fix Auto USA opened a new collision repair facility in Ontario, Calif., co-owned by Selvi Rizk-Menard, a two-time Fix Auto USA Franchisee of the Year, and Erick Bickett, a co-founder of the franchise network. The center, at 4930 Vanderbilt St. in Ontario, marked the launch with a grand opening event that drew about 100 attendees. […]
Driven Brands Reports First Quarter Revenue of $484.4 Million
Sees collision repair industry stabilizing in 2026. Driven Brands Holdings Inc. (NASDAQ: DRVN), the parent company of collision repair networks CARSTAR, Abra and Fix Auto USA and paint franchise Maaco, on June 11 reported first quarter 2026 revenue increased 8% to $484.4 million, with same-store sales up 2.1% across the company’s portfolio. The report marks […]
Driven Brands Issues Preliminary 2025, Q1 2026 Results
Receives Nasdaq deficiency dotice on delayed 10-K. Driven Brands Holdings Inc. (NASDAQ: DRVN) on April 21 disclosed preliminary unaudited financial results for the fourth quarter and fiscal year ended Dec. 27, 2025, and for the first quarter ended March 28, 2026, and said it has received a Nasdaq deficiency notice tied to its delayed annual […]
AIA Canada Names Three New Directors, Installs Fountain Tire CEO as Chair
The Automotive Industries Association of Canada elected three new directors to its board and installed Fountain Tire CEO Jason Herle as chair during the association’s 84th annual general meeting, held virtually April 16. The incoming directors are Daryll O’Keefe, vice president of North American strategic business development at Fix Network; Sabrina Thring, brand president of […]
Fix Auto USA Opens Spring Valley, California Location
Fix Auto USA announced the opening of a new collision repair facility in Spring Valley, Calif., with owner Fadi Odish marking the launch with a March 13 grand opening event. Fix Auto USA has more than 200 locations across the United States as part of Driven Brands. “We’re thrilled to officially open our doors and […]
Driven Brands Collision Group Sets Chicago as Site of July 15-17 Impact 2026 Conference
Franchise partners from Abra, CARSTAR and Fix Auto USA will gather in Chicago from July 15-17 for the Driven Brands Collision Group’s fourth annual U.S. collision repair conference, the company announced March 24. The three-day event, branded “Impact 2026,” will be held at the Hilton Chicago. The conference brings together franchise partners, Driven Brands team […]
Driven Brands Delays Earnings Release, Will Restate Financials After Audit Committee Finds Material Errors
Driven Brands Holdings Inc. (NASDAQ: DRVN), the parent company of collision repair networks CARSTAR, Abra and Fix Auto USA, said its audit committee found material errors in previously issued financial statements and that the company will restate results for fiscal 2023 and 2024 and several interim periods. Driven Brands also said it is delaying the […]
Driven Brands Completes Sale of International Car Wash Business
Driven Brands Holdings Inc. announced yesterday it has completed the previously announced sale of IMO, its international car wash business, to Franchise Equity Partners for approximately €411 million ($490.5 million). The company said cash proceeds from the transaction will primarily be used to pay down debt. “The completion of this transaction is a strategic milestone […]
Driven Brands Collision Group Reaches $6 Million Milestone in Cystic Fibrosis Fundraising
The Driven Brands Collision Group announced it has raised more than $6 million for cystic fibrosis research, care and advocacy. The company’s collision repair brands — Abra, CARSTAR and Fix Auto USA — have collected the funds over more than 25 years through car washes, golf tournaments, car shows, barbecues, charity walks, garage sales and […]
Driven Brands to Sell International Car Wash Business to Franchise Equity Partners for $471 Million
Driven Brands Holdings Inc. announced today it has agreed to sell its international car wash business, IMO Car Wash, to private investment firm Franchise Equity Partners for €406 million ($471.2 million). The transaction, expected to close in the first quarter of 2026, includes IMO’s 720 locations primarily in the United Kingdom and Germany, with additional […]
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