Who owns Driven Brands?

Who owns Driven Brands?

Roark Capital Group
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.

Who is the CEO of Driven Brands?

Jonathan Fitzpatrick (Jul 2012–)
Driven Brands, Inc./CEO

What companies does driven own?

The parent company of North America’s leading automotive service brands, including Take 5 Oil Change®, Meineke Car Care Centers®, Automotive Training Institute™, Maaco®, CARSTAR®, ABRA®, Uniban™, 1-800-Radiator & A/C®, and PH Vitres d’Autos™.

Are Driven Brands profitable?

The highlight to the Driven Brands story is that it is a very well-managed company led by Jonathan Fitzpatrick since 2012 with a history of growth and strong profitability. In 2020, the company hit nearly $905 million in revenues and almost $270 million in adjusted EBITDA.

Who does Roark Capital Group own?

Our consumer products and services investments have included Driven Brands (the owner of ABRA, ATI, CARSTAR, International Car Wash Group, Maaco, Meineke, Take 5, Uniban, 1‐800 Radiator, and others), ServiceMaster Brands (the owner of ServiceMaster Restore, ServiceMaster Clean, Merry Maids, Furniture Medic, AmeriSpec.

Are Driven Brands public?

(“Driven Brands” or the “Company”) (NASDAQ: DRVN), today announced the commencement of an underwritten secondary public offering of 12 million shares of Driven Brands’ common stock by Driven Equity LLC and RC IV Cayman ICW Holdings LLC (together the “Selling Stockholders”), each of which is a related entity of Roark …

Is driven brands publicly traded?

Driven Brands Holdings Inc., the Charlotte-based owner of auto service franchisers like Meineke and Maaco, has completed a $700 million initial public offering. Shares are to start trading today on the Nasdaq Global Select Market under the ticker symbol DRVN.

How many car washes does driven brands own?

Driven Brands now operates nearly 1,000 car washes in 14 countries across the United States, Europe, and Australia.

Is driven brands a good place to work?

Overall the company is pretty well positioned for growth with a strong leadership team. There are occasional company provided meals and a very casual atmosphere.

Who owns Miller Alehouse?

Miller’s Ale House/Parent organizations
Roark Capital Group, an Atlanta-based private equity firm, acquired Miller’s Ale House, a growing casual dining restaurant chain, from owners Jack Miller, KarpReilly and SKM Equity Fund III.

When did Roark buy Arby’s?

2011
Roark Capital bought a majority share of Arby’s from Wendy’s in 2011 for about $130 million.

When did Driven Brands IPO?

The company got proceeds of $652 million from the 31.8 million shares sold for $22 each in the basic offering on Jan. 18, after discounts to underwriters and expenses the company paid.