Charlotte, North Carolina — Driven Brands Holdings Inc. has announced the acquisition of U.S.-based auto glass repair chain, All Star Glass, on Friday.
It was 40 years ago Sam Scharaga founded All Star Glass, a company that would go on to become the largest family-owned auto glass company in the United States, a fact that Driven Brands attributes to the company’s commitment to customer safety and satisfaction.
“We pride ourselves on offering simple, convenient solutions to the consumer and our glass services are no different. We are drawn to the highly fragmented glass industry, the significant white space in terms of unit growth, and the very strong unit-level economics,” said CEO and president of Driven Brands, Jonathan Fitzpatrick.
“We’re bullish on the opportunities in this powerful business making the All Star Glass acquisition an ideal investment for Driven Brands.”
Driven Brands has been making strides in the glass repair market recently, revealing in the company’s Q1 2022 financial report that glass is proving to be a leading segment for Driven and that this announcement only adds to the good news.
The All Star Glass acquisition builds on Driven Brands’ existing North American footprint of over 300 glass locations in both the U.S. and Canada.
“As our segment is rooted in family-owned and operated businesses, we understand the importance of building on what the Scharaga family started in 1977,” said executive v-p and paint, collision, and glass group president Michael Macaluso.
“We are excited to leverage our proven playbook of consistent and repeatable growth in the glass business so we can continue capturing market share.”
The total addressable market for auto glass repair in North America is approximately $5 billion and growing, according to Driven Brands’ press release.