The Climb: Driven Brands reports Q1 financial results

Charlotte, North Carolina ⁠— Driven Brands has reported its financial results for the first quarter ended March 27, 2021.  Driven, the parent company of collision repair brands CARSTAR, Fix Auto USA and Maaco, reported revenue of US$329.4 million⁠—an increase of 83 percent from 2019. The company said the increase was primarily driven by the Q3 […]

Driving Down Debt: Driven Brands pays off US$722 million following stock offering

Charlotte, North Carolina — Driven Brands, the parent company of CARSTAR, Maaco and Fix Auto USA last week reported it had sold 31,818,182 shares at the offering price of US$22, netting an estimated US$661.5 million. On Jan. 21, Driven Brands said it used the proceeds from selling the 31.8 million shares to the public and […]

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 […]