Driven Brands

Driven Brands, headquartered in Charlotte, North Carolina, is the largest automotive services company in North America, offering a comprehensive suite of services to both consumer and commercial customers.

With over 5,000 locations across 13 countries, the company services approximately 70 million vehicles annually.

Core Services and Brands

Driven Brands operates a diverse portfolio of well-known automotive service brands, each specializing in specific areas of vehicle care:

• Paint & Collision Services: Through brands like Maaco and CARSTAR, Driven Brands provides professional auto body paint and collision repair services, ensuring vehicles are restored to their pre-accident condition.
• Maintenance & Repair: Meineke Car Care Centers and Merlin 200,000 Mile Shops offer a range of services, including oil changes, brake repairs, tire services, and general vehicle maintenance, catering to the diverse needs of vehicle owners.
• Quick Lube Services: Take 5 Oil Change delivers fast, convenient oil change services, allowing customers to remain in their vehicles during the service, enhancing the overall customer experience.
• Car Wash Services: Take 5 Car Wash offers express conveyor car wash services, utilizing advanced technology to provide efficient and thorough vehicle cleaning.
• Auto Glass Services: Auto Glass Now specializes in auto glass repair and replacement, ensuring vehicle safety and visibility.
• Parts Distribution: 1-800-Radiator & A/C distributes automotive parts, including radiators, air conditioning components, and exhaust products, supporting repair shops and auto parts stores.

Global Presence and Expansion

Since its inception in 2006, Driven Brands has experienced significant growth, expanding its reach to over 5,000 locations across 13 countries.

The company has been actively acquiring and integrating new businesses to broaden its service offerings and geographic footprint. For example, it added 16 sites across Ohio, West Virginia, and Georgia through the acquisition of Magic Tunnel Car Wash in 2021.

Financial Performance

Driven Brands has demonstrated strong financial performance, with revenues reaching $592 million in the latest quarter and a 1.1% increase in same-store sales.

Additionally, the company reported an adjusted EBITDA of $139 million and system-wide sales amounting to $1.6 billion, reflecting its substantial presence in the automotive services industry.

Locations

Driven Brands operates numerous locations across North America, including:

• Charlotte, NC, USA: The company's headquarters are located at Suite 700, 440 S. Church Street, Charlotte, North Carolina, 28202.
• Hampton, VA, USA: Another operational location in Hampton, Virginia.

These locations contribute to Driven Brands' extensive network, providing accessible automotive services to a wide customer base.

Driven Brands continues to lead the automotive services sector by offering a comprehensive range of services through its diverse brand portfolio, maintaining a strong presence across North America and beyond.