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 […]
Opus IVS and Driven Brands Announce Nationwide Collision Repair Diagnostic Partnership
Opus IVS announced today that Driven Brands has approved Opus IVS and its DriveSafe and ScanSafe diagnostic devices for use within its franchised and company-owned collision repair shops. Driven Brands worked with Opus IVS to create an efficient workflow process for DriveSafe, allowing shops the opportunity to improve cycle time while performing OEM or […]
Driven Brands Acquires All Star Glass
Driven Brands Holdings Inc. (NASDAQ:DRVN) announced the continued expansion of its auto glass offering in the U.S. with the acquisition of All Star Glass. Founded by Sam Scharaga over 40 years ago, All Star Glass grew to become the largest family-owned auto glass company in the United States, through its commitment to customer safety and […]
Driven Brands Reports Revenue of $468.3 Million in First Quarter
Revenue up 42% compared to last year. System-wide revenue was $1.3 billion. Driven Brands Holdings Inc. (NASDAQ:DRVN) today reported revenue was $468.3 million, an increase of 42% versus the prior year for its first quarter ended March 26. For the first quarter, system-wide sales were $1.3 billion, an increase of 26% versus the prior year, […]
March 24 CIECA Webinar Features Driven Brands and 1Collision Execs on Using Technology to Communicate with Customers
The Collision Industry Electronic Commerce Association (CIECA) announced that its next CIECAST webinar Using Technology to Communicate Effectively With Customers is scheduled for Thursday, March 24 at 11 am PDT/1 pm CDT/ 2 pm EDT. The one-hour webinar will feature Dean Fisher, collision president for Driven Brands, and Jim Keller, president & COO of 1Collision. […]
Driven Brands Reports Revenue of Over $391 Million in Fourth Quarter Up 36% Versus 2020
Paint, Collision & Glass segment same-store sales up 11.4% in quarter. Driven Brands Holdings Inc. (NASDAQ:DRVN) reported revenue was $391.9 million in its fourth quarter ended December 25, 2021, an increase of 36% versus the prior year. System-wide sales were $1.2 billion, an increase of 26% versus the prior year, with 6% net store growth […]
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