Driven Brands Selects CBRE Group, Inc. For Strategic Real Estate Services

CHARLOTTE, N.C. - July 31, 2013 // PRNewswire // - The Driven Brands Family of automotive brands, today announced that it has entered into a national agreement with CBRE Group, Inc. (CBRE), one of the world's premier, full-service commercial real estate services companies, to provide strategic real estate services.

As part of this collaboration, CBRE will serve as Driven Brands' preferred national real-estate broker network and will work directly with the Driven Brands real estate team to find real estate for franchisees. CBRE will house a full-time alliance director at Driven Brands' headquarters in Charlotte, NC, whose primary responsibilities will be to manage and coordinate all broker activities and to provide real estate and market analytics to Driven Brands sales and real estate teams.

"Our relationship with CBRE Group will give Driven Brands an enormous advantage in finding the best locations for growth," says Jonathan Fitzpatrick, President and Chief Executive Officer, Driven Brands, Inc. "The data and resources we'll have at our disposal will help us make even smarter business decisions and benefit franchisees looking to join the Driven family of brands or to expand their footprint," he adds.

CBRE will work with the Driven portfolio of brands, including MAACO® and Meineke®, to optimize locations for franchisees.

"We are excited for the opportunity to work with Driven Brands and its stellar family of companies, including such world class brands as MAACO® and Meineke®," said Naveen Jaggi, Senior Managing Director, Retail Services, CBRE. "We look forward to applying the skills of our real estate professionals and the power of our platform to help Driven Brands continue its leadership in the franchise industry."

About Driven Brands

Driven Brands, (www.drivenbrands.com) headquartered in Charlotte, NC, serves as parent company for the separate businesses: MAACO® (a franchise-based collision repair and auto painting retail network); Meineke Car Care Centers® (a franchise-based automotive service and repair retail network); Econo Lube & Tune (a franchised chain of automotive repair/quick lube services); a franchised network of mobile services consisting of AutoQual®, Aero-Colours® & Drive N Style® (specializing in automotive interior reconditioning and maintenance, paint refinishing and restyling services for car dealerships) and management team members serve on the industry association boards, the IFA and AAIA.

Media Contact:

Julissa Bonfante
Julissa@rockorange.com
305-731-2393

SOURCE Driven Brands

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