Roark Portfolio Company Driven Brands Acquires Texas-Based Express Lube
Addition of 31 Texas Centers Strengthens Driven Brands’ Growing Quick Lube Division
December 13, 2016 // Franchising.com // CHARLOTTE, N.C. - Driven Brands, a portfolio company of Roark and the nation's leading automotive franchisor, today announced the acquisition of award-winning, Texas-based Express Lube. Founded in 1990, Express Lube operates more than 30 quick oil change centers throughout San Antonio and surrounding areas in Texas. The purchase reinforces Driven Brands’ growing Quick Lube division, which most recently acquired Ohio-based Lube Stop in September.
“Including the acquisition of Express Lube, we’ve now expanded the Quick Lube Division at Driven Brands by more than 80 percent this year,” said Quick Lube Group President Marc Graham. “This expansion is a direct result of Driven Brands’ world-class technology, synergistic approach to building business, purchasing power and operational support. The addition of this market-leading quick oil change business in San Antonio further solidifies our presence in Texas.”
After 25 years, Express Lube has become San Antonio's trusted oil change and car maintenance provider and one of the 50 largest quick lube businesses in the country. The brand has won multiple consumer and readers’ choice awards, and is an ingrained member of the community supporting the local Children’s Hospital, Toys for Tots and Million Meals for Kids. With the purchase of Express Lube, Driven Brands nearly doubled its number of quick oil change locations in Texas.
Driven Brands manages a family of automotive companies including Maaco, Meineke Car Care Centers, CARSTAR, 1-800 Radiator & A/C, which collectively generate annual system revenues of more than $2.1 billion.
Express Lube represents the seventh major acquisition for Driven Brands since Roark acquired the business, expanding the collective brands' footprint to more than 2,000 locations in North America.
About Driven Brands
Driven Brands, headquartered in Charlotte, NC, is the parent company of North America's leading automotive aftermarket brands across four distinct verticals: Repair & Maintenance, housing Meineke Car Care Centers® and Merlin 200,000 Mile Shops®; Paint & Collision, housing Maaco®, CARSTAR® and Drive N Style®; Distribution, housing 1-800-Radiator & A/C®; and Quick Lube, housing Pro Oil Change® and Take 5 Oil Change. Driven Brands has more than 2,000 centers across North America, and combined, all businesses generate more than $2.1 billion in system sales. For more information, visit http://www.drivenbrands.com/.
About Roark Capital Group
Roark focuses on franchised and multi-unit business models in the retail, restaurant, consumer and business services sectors. Since inception, affiliates of Roark have invested in 59 franchise/multi-unit brands, which have generated $23 billion in annual system revenues from 26,000 locations in 50 states and 75 countries. Roark's current brands include Anytime Fitness, Arby's, Atkins Nutritionals, Batteries Plus Bulbs, CKE Restaurants (the owner of Carl Jr.'s and Hardee's), Corner Bakery, Driven Brands (the owner of Maaco, Meineke, CARSTAR, 1-800 Radiator and Take 5 Oil Change), Drybar, FOCUS Brands (the owner of Auntie Anne's Pretzels, Carvel Ice Cream, Cinnabon, McAlister's Deli, Moe's Southwest Grill, and Schlotzsky's), Great Expressions Dental Centers, Il Fornaio, Jimmy John’s, Massage Envy, Miller's Ale House, Naf Naf Grill, Orangetheory Fitness, Pet Retail Brands (the owner of Pet Supermarket and Pet Valu), Primrose Schools, and Waxing the City. For more information, please visit http://www.roarkcapital.com.
SOURCE Roark Capital Group
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