Record Revenues: Driven Brands reports 39 percent increase in 2022 revenues
Charlotte, North Carolina — Driven Brands is reporting growth in its full-year 2022 and Q4 2022 financial results, announced Wednesday morning. For the whole of 2022, Driven Brands reported 39 percent increases in revenue, which grew to US$2 billion driven by same-store sales and location acquisitions, said the company. The company’s paint, collision and glass […]
Merit with Maaco: Network honours two Alberta-based franchisees at 2022 Convention
Edmonton, Alberta — Maaco wrapped up its 2022 Convention last week, where the Driven Brands-owned network awarded two honours to Canadian franchisees. One of Maaco’s top award honours, the Terry Taylor Award, went to Peter Flannigan of Maaco Airdrie in Alberta. “Flannigan has a longstanding reputation for giving back to his community,” wrote the network […]
Collision Camaraderie: GoFundMe launched to raise funds for Wayne James’ cancer treatment
Toronto, Ontario — A GoFundMe has been launched on behalf of Wayne James, former director of operations for Maaco Canada and current director of operations for AutoQuip Canada, who is currently facing a complicated form of cancer. Wayne’s wife Kim Parkinson said he was diagnosed with cancer in March 2020. “The past year and a […]
Tuesday Ticker: August 31, 2021
Toronto, Ontario — In this week’s Tuesday Ticker, Canada joins Mexico in its request for a formal United-States-Mexico-Canada-agreement (USMCA) consultation, Rivian files a confidential public offering and Driven Brands prepares for its secondary public offering. Parts parlance Canada has joined Mexico in seeking a formal consultation with the United States over USMCA content rules for […]
Mixin’ it up: Maaco is updating its long-standing slogan
Toronto, Ontario — Maaco launched a new national advertising campaign titled, ‘The Upside of Uh-Ohs’ where they rebranded their classic line, ‘Uh-Oh, Better Get Maaco’ and put a more positive spin on it in response to the impact COVID-19 has had on the public. A TV commercial featuring the new slogan will run on cable […]
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 […]
