Driven Brands Acquires Auto Glass Now for $170M

Jan. 5, 2022
Auto Glass Now has more than 75 locations in the United States. 

Jan. 5, 2022—Driven Brands Holdings has announced the expansion of its auto glass offerings with the acquisition of Auto Glass Now. 

Auto Glass Now has more than 75 locations in the United States, according to a company press release. Driven Brands acquired AGN for approximately $170 million on December 30, 2021. As part of the transaction, the company incurred a $56 million transaction expense in the fourth quarter of fiscal 2021. The purchase price and transaction expense were funded with cash on hand.

AGN will be reported in Driven Brands’ Paint, Collision, and Glass segment. Fiscal 2021 revenue for AGN is expected to be approximately $85 million. 

“Glass repairs are growing as a percentage of auto repairs and repair complexity is increasing due to the necessary calibration,” Michael Macaluso, EVP of Driven Brands and Group President, Paint, Collision, and Glass, said in a statement. “Glass presents another exciting opportunity to leverage our proven playbook of consistent and repeatable growth to continue capturing market share.”

Driven Brands first entered the glass business in Canada in 2019, and serves retail, insurance, and fleet customers. Driven Brands now operates over 300 glass locations in both the United States and Canada.

About the Author

FenderBender Staff Reporters

The FenderBender staff reporters have a combined two-plus decades of journalism and collision repair experience.

Sponsored Recommendations

Best Body Shop and the 360-Degree-Concept

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

How Fender Bender Operator of the Year, Morrow Collision Center, Achieves Their Spot-On Measurements

Learn how Fender Bender Operator of the Year, Morrison Collision Center, equipped their new collision facility with “sleek and modern” equipment and tools from Spanesi Americas...

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.