Driven Brands Franchise News

NEW YORK--(BUSINESS WIRE)-- December 19, 2011--Harvest Partners, LP (“Harvest”), a New York-based private equity firm, announced today that it has completed the acquisition of Driven Brands, Inc. (“Driven” or the “Company”), in partnership with management, from Carousel Capital. Terms of the transaction were not disclosed.
“Driven is in a great position to continue its growth both organically and through further consolidation of the automotive aftermarket industry”
Based in Charlotte, North Carolina, Driven is a leading franchisor in the automotive aftermarket services industry with a national franchising platform in the United States and Canada. Driven’s flagship service brands include Meineke and Maaco, two highly recognizable brands within the industry, in addition to several other brands...

October 24, 2008 // Franchising.com // Driven Brands, Inc., the parent of Meineke Car Care Centers, Econo Lube N' Tune, AutoQual, Aero Colours, Drive N Style, and Tortal.net, announced today the acquisition of Pennsylvania-based Maaco Franchising, Inc., the market leader in franchised auto body repair and painting.

Under the visionary leadership of founder Anthony A. Martino and the superb performance of its franchisees, Maaco has achieved a market position and reputation unrivaled by its competitors. With nearly 500 facilities in the US and Canada, Maaco provides extraordinary service and value to customers with vehicles requiring cosmetic collision or paint repairs. With the passing of 75-year-old Anthony Martino in January of this year, Mark A...