Driven Brands Holdings Inc. (NASDAQ:DRVN) announced that Gary W. Ferrera has been appointed Executive Vice President and Chief Financial Officer, effective May 10. Ferrera will report to President and Chief Executive Officer Jonathan Fitzpatrick and succeeds Tiffany Mason. “Gary is a proven leader who brings deep experience leading financial teams, a strong track record in […]
Driven Brands Reports Revenue Up 20% in First Quarter
Paint, collision repair and glass segment same store sales were up 14%. Driven Brands Holdings Inc. (NASDAQ:DRVN) reported revenue of $562.5 million for the first quarter ended April 1, up 20 percent versus the prior year. System-wide sales were $1.5 billion, up 19 percent versus the prior year driven by 9 percent same-store sales growth […]
Auto Glass Now Expands with Ten New Locations
Auto Glass Now announced the opening of ten new facilities across the country. “It is an exciting time for our Auto Glass Now brand as our growth is continuing at a fast pace and in new regions,” said Nick Ouimet, glass president, Driven Brands. “Our expansion into new markets has allowed our services to span […]
Driven Brands Reports Record Revenue and Profitability in 2022
Revenue increased 39 percent powered by 14 percent same-store sales growth and 9 percent net store growth. Driven Brands Holdings Inc. (NASDAQ:DRVN) today reported 2022 revenue of $2.0 billion, up 39 percent versus the prior year. System-wide sales were $5.6 billion, up 24 percent versus the prior year with 14 percent same-store sales growth and […]
Danny Rivera Named to Newly Created Chief Operating Officer Role at Driven Brands
Driven Brands Holdings Inc. (NASDAQ:DRVN) announced the appointment of Danny Rivera to the newly created role of Chief Operating Officer effective February 20, 2023, reporting to Chief Executive Officer Jonathan Fitzpatrick. Driven Brands is also pleased to welcome back Mo Khalid, who will succeed Rivera in the role of Executive Vice President & Group President, […]
Driven Brands to Migrate Glass Businesses to Auto Glass Now Brand, Announces 10th Acquisition
Driven Brands Holdings Inc. (NASDAQ:DRVN) announced that it will be migrating its glass servicing business to the Auto Glass Now (AGN) brand beginning in January 2023. Since entering the U.S. glass business less than a year ago, Driven Brands has grown to approximately 175 locations and over 700 mobile units through a series of acquisitions […]
Driven Glass Announces Staff Appointments
U.S. auto glass services welcome Mark Turner, Jackie Landry, Teresa Melnikow and Devin Johnson to team. Driven Glass, home to a portfolio of brands including Jack Morris Auto Glass, Auto Glass Now, and All Star Glass, announced three new leadership appointments. Mark Turner, vice president of operational excellence, Jackie Landry, vice president of sales, Teresa […]
Driven Brands Revenue Increased 39% in Third Quarter
Reports 9% net store growth and same-store sales up nearly 12%. Driven Brands Holdings Inc. (NASDAQ:DRVN) today reported financial results for the third quarter ended September 24. For the third quarter, revenue increased 39% versus the prior year to $516.6 million. System-wide sales increased 22% versus the prior year to $1.5 billion, with 9% net […]
Driven Brands Surpasses 1,000 Collision Repair Locations in North America
Little Rock, Ark. location celebrated as 1,000th collision repair center. Driven Brands’ collision group, including its ABRA Auto Body Repair of America, CARSTAR, and Fix Auto USA franchise networks, yesterday celebrated its 1,000th collision repair facility across North America with the opening of CARSTAR Patriot Auto Body Little Rock in Little Rock, Ark. The facility […]
Driven Brands Closes $365 Million Securitization Issue
Driven Brands Holdings Inc. (NASDAQ: DRVN) announced October 5 that it has closed an offering by its subsidiaries for $365 million Series 2022-1 Fixed Rate Senior Secured Notes, Class A-2 maturing October 2027, increasing the offering by over 30 percent. In addition to the closing of the Notes, Driven Brands also increased the total capacity […]
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