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 […]
Driven Brands’ Dean Fisher Named MSO Symposium Master of Ceremonies
The Automotive Service Association (ASA) and its board of directors announced Dean Fisher of Driven Brands will serve as the Master of Ceremonies for the 2022 MSO Symposium, being held Monday, October 31 at The Venetian in Las Vegas from 9:30 a.m. – 6:30 p.m. Dean Fisher brings well-rounded insight to this year’s event with […]
Driven Brands Acquires Auto Glass Fitters
Driven Brands Holdings Inc. (NASDAQ: DRVN) announced the acquisition of Auto Glass Fitters, making it the second largest player in the U.S. auto glass repair, replacement, and calibration category after entering the U.S. market in early fiscal 2022. This further densifies Driven Brand’s East Coast presence in auto glass services and significantly adds to its […]
Driven Brands’ Dean Fisher to Retire
Fisher celebrating retirement after 50 years in the collision repair industry. Chris Dawson named president of paint and collision. Longtime industry veteran, former CARSTAR franchisee, and most recently, Driven Brands collision president, Dean Fisher, announced his retirement at the end of the year. Fisher has always had an interest in cars and owned multiple automotive-related […]
Auto Glass Now Adds Two New Locations in California
Auto Glass Now, the same-day glass repair, replacement, and calibration provider that is part of the Driven Brands family, announced the opening of two new California locations. Auto Glass Now Pinedale is located at 30 W Spruce Ave in Pinedale and Auto Glass Now Sacramento is located at 9565 Folsom Blvd, in Sacramento. Both facilities […]
Driven Brands Acquires Jack Morris Auto Glass
Driven Brands Holdings Inc. (NASDAQ:DRVN) the acquisition of longstanding Tennessee-based Jack Morris Auto Glass. Family-owned and operated since 1951, Jack Morris Auto Glass grew from one location in Downtown Memphis to 10 facilities serving 90 counties throughout the Mid-South and Middle Tennessee. “To build and sustain a business through multiple generations is no easy feat,” […]
Driven Brands Reports Second Quarter Revenue of $508.6 Million, Up 35% Versus Last Year
Driven Brands Holdings Inc. (NASDAQ: DRVN) today reported revenue was $508.6 million for its second quarter ended June 25, an increase of 36% versus the prior year. System-wide sales were $1.4 billion, an increase of 22% versus the prior year, with 7% net store growth and an increase in consolidated same-store sales of 13.2%. The […]
Driven Brands Acquires Florida Auto Glass Chain
Driven Brands Holdings Inc. (NASDAQ:DRVN) announced the acquisition of Florida-based K&K Glass. Driven Brands’ fifth U.S. automotive glass acquisition will be reported in its Paint, Collision, and Glass segment. “We were proud to kickstart our entry into the U.S. automotive glass market with the acquisition of Auto Glass Now,” said Michael Macaluso, EVP and paint, […]
Driven Brands Acquires Auto Glass Repairer in Indiana
Driven Brands announced the acquisition of six Perfection Auto Glass locations. According to Driven Brands, the total addressable market for auto glass repair in North America is approximately $5 billion and growing. Perfection Auto Glass, based in Indiana, was founded almost 20 years ago and grew to become one of the largest locally owned auto […]
Driven Brands and asTech Partner on Collision Repair Scanning and Diagnostics Program
asTech, a Repairify company, announced a partnership with Driven Brands to establish a formal scanning diagnostics program that enables its network of collision repair centers to access the full suite of asTech solutions for the highest quality and precision repairs. “We have experienced significant growth in a highly fragmented automotive services market segment, so we […]
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