Third Quarter Gains: Driven Brands reports Q3 earnings, revenues up 39 percent YOY

Toronto, Ontario ⁠— Driven Brands reported its third-quarter earnings for 2022 yesterday, where the company reported a 39 percent increase in its revenue (year over year) to US$516.6 million. The paint, collision and glass segment accounted for approximately 22 percent of company revenue of $113.3 million. Driven Brands reported a net income of US$38.4 million⁠, […]

A-OK: Driven Brands acquires fifth glass company, Florida’s K&K Glass

North Carolina, United States – On July 7, Driven Brands announced its acquisition of the Florida-based K&K Glass. This marks the fifth foray into the auto glass market. According to a press release from Driven Brands, K&K Glass boasts more than 100 mobile glass repair vans and 20 warehouses in the Florida area. “We are […]

Driven to the Market: Driven Brands sets potential stock price

Charlotte, North Carolina ⁠— Driven Brands, the owners of Carstar, Maaco, Meineke, Fix Auto USA and several other auto service companies, is looking to raise up to $760 million through an initial public offering (IPO)—which would value the company at about $3.4 billion (all figures in USD).  Driven Brands plans to sell 38 million shares […]