Michael Macaluso named president of Driven Brands new Collision Vertical, Dean Fisher named president of CARSTAR. Driven Brands today announced its acquisition of ABRA Automotive Systems LP, the franchising subsidiary of ABRA Auto Body Repair of America (ABRA). The move adds 55 franchised collision repair facilities to the collision repair portfolio of Driven Brands. The […]
Roark Capital Reported Considering Sale of Driven Brands Stake
According to a report by Bloomberg, Roark Capital is considering a sale of its stake in Driven Brands Inc., the parent of CARSTAR, Maaco and 1-800-Radiator and other automotive franchises. The article states the company could sell for as much as $2 billion according to sources. Roark Capital acquired Driven Brands in 2015 from Harvest […]
Roark Capital Group Acquires Driven Brands
MAACO and Meineke among automotive aftermarket operations sold to private equity firm. Roark Capital Group, an Atlanta-based private equity firm focused on franchise and consumer brands, announced today that its affiliate has acquired Driven Brands, the franchise automotive company, from Harvest Partners, LP. Jonathan Fitzpatrick, Driven Brands’ Chief Executive Officer, will continue to lead the […]