M&A Deal Summary

Driven Brands Acquires 1-800 Radiator & A/C

On June 8, 2015, Driven Brands acquired franchising company 1-800 Radiator & A/C

Acquisition Highlights
  • This is Driven Brands’ 2nd transaction in the Franchising sector.
  • This is Driven Brands’ 3rd transaction in the United States.
  • This is Driven Brands’ 1st transaction in California.

M&A Deal Summary
Date 2015-06-08
Target 1-800 Radiator & A/C
Sector Franchising
Buyer(s) Driven Brands
Deal Type Add-on Acquisition

Target

1-800 Radiator & A/C

Benicia, California, United States
website
1-800 Radiator & A/C, Inc. is a franchisor with over 200 distribution centers across the U.S. and Canada specializing in aftermarket automotive cooling and heating parts.

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Buyer(S) 1

Buyer

Driven Brands

Charlotte, North Carolina, United States

website

Category Company
Founded 1972
Sector Franchising
Employees11,000
Revenue 2.0B USD (2022)
DESCRIPTION

Driven Brands is a parent company of automotive aftermarket brands across four distinct verticals: Repair & Maintenance, housing Meineke Car Care Centers; Paint & Collision, housing Maaco, CARSTAR, and ABRA; Distribution, housing 1-800-Radiator & A/C and Spire Supply; and Quick Lube, housing Take 5 Oil Change. Driven Brands has over 2,800 centers across North America, and combined; all businesses generate more than $2.8 billion in system sales and service approximately 8 million vehicles annually. Driven Brands was incorporated in 1972 and is based in Charlotte, North Carolina.

DEAL STATS #
Overall 3 of 18
Sector (Franchising) 2 of 3
Type (Add-on Acquisition) 3 of 17
State (California) 1 of 2
Country (United States) 3 of 15
Year (2015) 2 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-04-20 Meineke

Charlotte, North Carolina, United States

Meineke is a franchise-based international automotive repair chain with over 750 locations and a 50-year history of delivering consistent and high-quality repair and preventative maintenance services. Meineke CARSTAR is based in Charlotte, North Carolina.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-10-22 CARSTAR Auto Body Repair Experts

Canada

CARSTAR Auto Body Repair Experts is a multi-shop network of independently owned collision repair facilities in the U.S., operating in more than 240 locations in 30 states.

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