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 […]
Driven Brands Acquires Auto Glass Now for $170 Million
Expands auto glass into the U.S. with purchase of group with more than 75 locations. Driven Brands Holdings Inc. (NASDAQ:DRVN) announced the expansion of its auto glass offering into the U.S. with the acquisition of Auto Glass Now (AGN). Driven Brands acquired AGN for approximately $170 million on December 30, 2021. As part of the […]
Driven Brands Expands to Over 300 Car Washes in the U.S. Following Acquisition of 16 Locations
Driven Brands Holdings Inc. (NASDAQ: DRVN) announced the acquisition of its 100th car wash since entering the business in August 2020 with the acquisition of the International Car Wash Group. This milestone highlights the speed at which Driven Brands is expanding in one of its newest business segments. This brings the total number of Driven […]
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