Driven Brands, Inc., one of the largest automotive franchise holding companies in the world, has been named a winner in Franchise Times fourth annual Dealmakers Awards. The award recognizes the boldest players driving mergers and acquisitions in franchising.
“Our investment partners have stood by their commitment to invest in our growth and have remained committed to our profitability and long-term success,” said Jonathan Fitzpatrick, CEO of Driven Brands. “We look forward to continuing to leverage their deep knowledge and expertise in the franchising industry.”
With the addition of 1-800-Radiator, Inc., Driven Brands laid the foundation for its distribution division. Gaining CARSTAR Auto Body Repair Experts and CARSTAR Canada drove Driven Brands to develop its Paint & Collision division led by Group President, Jose Costa. The division is comprised of Maaco, Drive N Style and the CARSTAR brands. Collectively, these brands operate more than 1,000 body shops across North America, generate more than $1.2 billion in annual system sales and further establish Driven Brands as a leader in the automotive aftermarket space.
Driven Brands manages a family of automotive aftermarket brands including Maaco®, Meineke Car Care Centers®, Merlin 200,000 Mile Shops®, Econo Lube N’ Tune®, Pro Oil®, CARSTAR®, Drive N Style® and 1-800-Radiator & A/C®.
The winners of the Franchise Times Dealmakers awards were selected by a panel of judges, all experts in franchise mergers and acquisitions, from finalist nominations solicited by Franchise Times in the fourth quarter.
