Roark Capital Acquires Driven Brands

April 21, 2015

April 21, 2015—Roark Capital Group, an Atlanta-based private equity firm focused on franchise and consumer brands, on Friday announced that its affiliate has acquired Driven Brands.

Driven Brands manages a number of automotive companies including MAACO and Meineke Car Care Centers. Collectively, the brands generate annual system revenues of approximately $1 billion through 1,500 locations in 50 states and two countries.

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

“This is an exciting day for Driven Brands and our family of franchisees,” said Jonathan Fitzpatrick, Driven Brands’ CEO. “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.”

Sponsored Recommendations

Best Body Shop and the 360-Degree-Concept

Spanesi ‘360-Degree-Concept’ Enables Kansas Body Shop to Complete High-Quality Repairs

ADAS Applications: What They Are & What They Do

Learn how ADAS utilizes sensors such as radar, sonar, lidar and cameras to perceive the world around the vehicle, and either provide critical information to the driver or take...

Banking on Bigger Profits with a Heavy-Duty Truck Paint Booth

The addition of a heavy-duty paint booth for oversized trucks & vehicles can open the door to new or expanded service opportunities.

Boosting Your Shop's Bottom Line with an Extended Height Paint Booths

Discover how the investment in an extended-height paint booth is a game-changer for most collision shops with this Free Guide.