As one of the leading automotive franchisors, Driven Brands has an impressive portfolio of companies under its belt.
From Meineke Car Care Centers to CARSTAR Auto Body Repair Experts and Take 5 Oil Change, Driven Brands offers a diverse range of services to keep your car running smoothly.
Meineke prides itself on being the “total car care provider,” while CARSTAR is a trusted source for collision repairs.
And if you need an oil change, Take 5 has got your back. With a focus on customer satisfaction and innovation, Driven Brands continues to expand its reach and lead the way in the automotive industry.
Who Owns Driven Brands?
Driven Brands is owned by Roark Capital Group, a private equity firm based in Atlanta, Georgia.
Roark has been the majority shareholder of Driven Brands since 2011 when it acquired the company from Harvest Partners LP and The Carlyle Group. Since then, Roark has gradually strengthened its ownership stake to become the sole holder of Driven Brands as it is today.
Roark Capital Group specializes in investing in franchised and multi-unit businesses, and it has become one of the leading private equity firms in the industry.
Roark’s portfolio includes a wide range of companies across multiple sectors including automotive services, hospitality, retail, restaurants, consumer services, healthcare, business services, and more.
As far as Driven Brands is concerned, Roark has created an impressive portfolio of companies focused primarily on the automotive aftermarket.
These include brands such as Meineke Car Care Centers, MAACO Collision Repair & Auto Painting, Econo Lube N’ Tune & Brakes, 1-800-Radiator & AC, and CARSTAR.
In addition to its ownership of Driven Brands, Roark also has a history of partnering with other automotive industry powerhouses.
These include the likes of Toyota Financial Services, Jiffy Lube International, and Penske Automotive Group.
What Companies are Owned by Driven Brands?
The list of companies owned by Driven Brands is as follows:
1. Meineke Car Care Centers
Driven Brands is owned by Roark Capital Group, a private equity firm based in Atlanta, GA.
Founded in 2001, Roark Capital has invested in more than 80 franchise and multi-unit brands across the U.S. and Canada with an aggregate transaction value of more than $30 billion.
Roark is currently the largest franchisee of many brands in the automotive aftermarket such as Meineke Car Care Centers, MAACO Collision Repair & Auto Painting, Econo Lube N’ Tune & Brakes, and CARSTAR.
2. MAACO Collision Repair & Auto Painting
Driven Brands is owned by Roark Capital Group, a private equity firm based in Atlanta, GA.
Founded in 2001, Roark Capital has invested in more than 80 franchise and multi-unit brands across the U.S. and Canada with an aggregate transaction value of more than $30 billion.
The company’s portfolio includes well-known companies such as Arby’s, Carl’s Jr., Sonic Drive-In, and Jimmy John’s. Roark is currently the largest franchisee of many brands in the automotive aftermarket such as Meineke Car Care Centers, MAACO Collision Repair & Auto Painting, Econo Lube N’ Tune & Brakes, and CARSTAR.
3. Econo Lube N’ Tune & Brakes
Econo Lube N’ Tune & Brakes is owned by Driven Brands, which in turn is owned by Roark Capital Group.
Roark Capital Group is a private equity firm based in Atlanta, GA that has invested in more than 80 franchise and multi-unit brands across the U.S. and Canada with an aggregate transaction value of more than $30 billion.
4. 1-800 Radiator & AC
1-800 Radiator & AC is owned by Driven Brands, which in turn is owned by Roark Capital Group. Roark Capital Group is a private equity firm based in Atlanta, GA that has invested in more than 80 franchise and multi-unit brands across the U.S. and Canada with an aggregate transaction value of more than $30 billion.
The company’s portfolio includes well-known companies such as Arby’s, Carl’s Jr., Sonic Drive-In and Jimmy John’s.
Roark is currently the largest franchisee of many brands in the automotive aftermarket including 1-800 Radiator & AC.
5. CARSTAR Auto Body Repair Experts
CARSTAR Auto Body Repair Experts is owned by Driven Brands, which in turn is owned by Roark Capital Group.
Roark Capital Group is a private equity firm based in Atlanta, GA that has invested in more than 80 franchise and multi-unit brands across the U.S. and Canada with an aggregate transaction value of more than $30 billion.
The company’s portfolio includes well-known companies such as Arby’s, Carl’s Jr., Sonic Drive-In and Jimmy John’s. Roark is currently the largest franchisee of many brands in the automotive aftermarket including CARSTAR Auto Body Repair Experts.
6. Take 5 Oil Change
Take 5 Oil Change is owned by Driven Brands, which in turn is owned by Roark Capital Group.
Roark Capital Group is a private equity firm based in Atlanta, GA that has invested in more than 80 franchise and multi-unit brands across the U.S. and Canada with an aggregate transaction value of more than $30 billion.
The company’s portfolio includes well-known companies such as Arby’s, Carl’s Jr., Sonic Drive-In, and Jimmy John’s. Roark is currently the largest franchisee of many brands in the automotive aftermarket including Take 5 Oil Change.
7. Novus Glass
Novus Glass is owned by Driven Brands, which in turn is owned by Roark Capital Group.
Roark Capital Group is a private equity firm based in Atlanta, GA that has invested in more than 80 franchise and multi-unit brands across the U.S. and Canada with an aggregate transaction value of more than $30 billion.
The company’s portfolio includes well-known companies such as Arby’s, Carl’s Jr., Sonic Drive-In, and Jimmy John’s. Roark is currently the largest franchisee of many brands in the automotive aftermarket including Novus Glass.
When was Driven Brands Founded?
Driven Brands was founded in 2002 when it acquired Meineke Car Care Centers and began expanding its automotive aftermarket portfolio.
The company has since grown to include more than 80 franchise and multi-unit brands across the U.S. and Canada with an aggregate transaction value of more than $30 billion.
Since then, the company has grown into a leading provider of automotive aftermarket services, with over 2,500 locations across 25 countries.
Through its portfolio of brands, including Meineke, Maaco, and 1-800-Radiator & A/C, Driven Brands offers a range of services from automotive repairs to paint and collision services.
Despite its impressive growth, Driven Brands remains committed to its roots of delivering high-quality services and establishing personal relationships with customers.
Who is the CEO of Driven Brands?
Mr. Jonathan Fitzpatrick, with over 25 years of experience in the automotive industry is the CEO of Driven Brands.
Mr. Fitzpatrick joined Driven Brands as the CEO in 2018. Before this role, he held various leadership positions at United Technologies Corporation (UTC), including executive vice president.
Under Mr. Fitzpatrick’s leadership, Driven Brands has continued to expand its portfolio of brands and franchise locations, while maintaining a strong focus on innovation and customer service.
With his extensive knowledge of the industry and a proven track record of success, it’s no wonder that Mr. Fitzpatrick was chosen to steer this global company into the future.
What is Driven Brands Net Worth?
Driven Brands is a privately owned company with an estimated net worth of $2.14 billion as of July 2024.
The company operates through its global portfolio of brands, which include Meineke, Maaco, and 1-800-Radiator & A/C, among others.
Driven Brands has also established dozens of franchise opportunities in the U.S. and around the world, allowing individuals to own and operate their own automotive aftermarket services businesses.
With its impressive growth and continued commitment to customer service, Driven Brands is truly an industry leader in the automotive aftermarket industry.
Driven Brands is a highly successful automotive franchise company that has rapidly expanded over the years.
Its commitment to delivering quality customer service and innovative offerings will undoubtedly continue to fuel its success and catapult the brand to new heights.
Where is the Headquarters of Driven Brands?
The headquarters of Driven Brands is located in Charlotte, North Carolina.
The company operates through its global portfolio of brands and services, which includes Meineke, Maaco, 1-800-Radiator & A/C, PLUS42FIVE Autoparts Solutions, and more.
Founded by Aaron H. Fitzpatrick in 2002, the company has grown to become one of the leading providers of automotive aftermarket services.
What is the Annual Revenue of Driven Brands?
As of July 2024, Driven Brands’ expected revenue in 2024 is expected to be $2.45 billion based on Q1 2024 revenue which is around $572.2 million.
Driven Brands, a leading automotive service company, has been making waves in the industry for quite some time now.
With over 3,000 locations in 35 countries, this company has established a global reputation for providing top-notch services to its customers.
This is a testament to the company’s unwavering commitment to excellence and its ability to adapt to changing market dynamics.
With its sights set firmly on the future, Driven Brands is poised to continue its impressive growth trajectory, cementing its place as a key player in the automotive service industry.
How Many Employees Does Driven Brands Have?
Driven Brands had about 24,400 employees worldwide as of 2024.
This figure is expected to grow as the company continues to expand its reach and provide quality services to more customers.
With its highly trained and knowledgeable staff, Driven Brands is well-positioned to keep growing and competing with other companies in the industry.
From experienced technicians to customer service representatives, there’s no doubt that this growing company has a diverse range of talent working behind the scenes to keep their brands running smoothly.
So, whether you need an oil change or a complete auto body repair, you can rest assured that there’s a team of skilled professionals ready to help you at Driven Brands.
Final Thoughts
Driven Brands is an international powerhouse with many affiliated companies around the globe.
The parent company was founded in 2002 in Charlotte, North Carolina, and has grown to record over $2.4 billion in annual revenue and employs 24,000 people.
With its current net worth estimated to be as high as $2.1 billion, Driven Brands proves itself to be a noteworthy success story within its industry.
CEO Jonathan Fitzpatrick continues to lead the organization into global success with each strategic decision and calculated execution.
Consequently, Driven Brands stands as a model example of what can come from commitment and innovation by providing the best customer products and services available on the market today.