Roark Capital Group Acquires Driven Brands - aftermarketNews

Roark Capital Group Acquires Driven Brands

Driven Brands manages a family of automotive companies including MAACO, Meineke Car Care Centers, Merlin 200,000 Mile Shops, Pro Oil Change, Econo Lube & Tune, AutoQual, Aero-Colours and Drive N Style. Collectively, the brands generate annual system revenues of approximately $1 billion through 1,500 locations in 50 states and 2 countries.

DrivenBrands - LogoCHARLOTTE, N.C. – Roark Capital Group, an Atlanta-based private equity firm focused on franchise and consumer brands, announced that its affiliate has acquired Driven Brands, the nation’s leading franchise automotive company, from Harvest Partners LP.

Jonathan Fitzpatrick, Driven Brands’ CEO, will continue to lead the business and the company will remain headquartered in Charlotte, N.C.

Driven Brands manages a family of automotive companies including MAACO, Meineke Car Care Centers, Merlin 200,000 Mile Shops, Pro Oil Change, Econo Lube & Tune, AutoQual, Aero-Colours and Drive N Style.

Collectively, the brands generate annual system revenues of approximately $1 billion through 1,500 locations in 50 states and two countries.

Roark Capital has acquired 42 multi-unit brands that generate annual system revenues of approximately $17 billion through 20,000 locations that operate in 50 states and 72 countries.

“This is an exciting day for Driven Brands and our family of franchisees,” said Fitzpatrick. “Roark Capital brings us deep experience investing in growth consumer and franchise businesses, and their understanding of the importance of the franchisor-franchisee relationship makes them the right investment partner for all of our stakeholders.

“We are very excited to welcome Driven Brands to the Roark Capital family,” said Neal Aronson, managing partner of Roark Capital. “We have great admiration for the franchisees who have made these iconic brands so successful, and are thrilled to contribute to their future growth.”

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