Driven Brands Acquires Two More Companies to Strengthen its Position in the Collision Repair Space
Ananth.V, Sr. Proof Reader, 0
Driven Brands, one of US’ largest automotive services company, successfully acquires of Fix Auto USA (FUSA) and Auto Center Auto Body, Inc. (ACAB). Through this acquisition, the company will now add 150 franchised and ten company collision repair locations to its Paint, Collision and Glass segment, which includes CARSTAR, Maaco, ABRA and Uniban brands.
"We are thrilled to add the Fix team to Driven Brands despite the current business climate. Our word and reputation for being good partners are incredibly important to us. We have never been more optimistic about the long-term prospects for Fix Auto USA, all of our businesses in the paint, collision and glass segment, and the Driven Brands portfolio overall,” says Jonathan Fitzpatrick, CEO of Driven Brands.
This new move by Driven Brands will further strengthen its position in the collision repair space, leveraging its great franchisees, insurance carrier relationships, proven leadership, and recognized operational platforms.
Also, post this acquisition, Michael Macaluso, Group President - Paint, Collision & Glass will oversee FUSA and ACAB, and Paul Gange, President & CEO of Fix Auto USA, will join Driven Brands’ team and remain as President of FUSA, managing the franchise business. Erick and Shelly Bickett, the owners of Auto Center Auto Body, will also join Driven Brands as operating partners for the company-owned ACAB locations.
“After years of growing Fix Auto USA, we are thrilled to be part of Driven Brands, who completed the acquisition despite the tumultuous business climate. We are excited to continue building our organization with the strength and support of Driven Brands behind us,” quotes Paul.
Commenting on the latest developments, Erick and Shelly say, "Driven Brands' mission and unwavering commitment to its consumers, franchisees, employees, and industry partners align with our vision. We look forward to the many benefits that our two organizations and our franchisees will gain from one another, including industry-leading solutions tailored for our customers. There is exciting growth ahead. We look forward to working with Driven Brands as leaders in the collision repair industry”.
Headquartered in North Carolina, Driven Brands is one of the most well-known and largest automotive services company in the US and boasts of being the parent company to multiple automotive brans that include 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. Since its acquisition by Roark Capital in 2015, the company has successfully close 35 acquisitions, and aspires increasing the brands' footprint to over 3,250 locations across the US.
“After years of growing Fix Auto USA, we are thrilled to be part of Driven Brands, who completed the acquisition despite the tumultuous business climate. We are excited to continue building our organization with the strength and support of Driven Brands behind us,” quotes Paul.
Commenting on the latest developments, Erick and Shelly say, "Driven Brands' mission and unwavering commitment to its consumers, franchisees, employees, and industry partners align with our vision. We look forward to the many benefits that our two organizations and our franchisees will gain from one another, including industry-leading solutions tailored for our customers. There is exciting growth ahead. We look forward to working with Driven Brands as leaders in the collision repair industry”.
Headquartered in North Carolina, Driven Brands is one of the most well-known and largest automotive services company in the US and boasts of being the parent company to multiple automotive brans that include 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. Since its acquisition by Roark Capital in 2015, the company has successfully close 35 acquisitions, and aspires increasing the brands' footprint to over 3,250 locations across the US.