M&A Deal Summary |
|
|---|---|
| Date | 2016-03-30 |
| Target | Take 5 Oil Change |
| Sector | Consumer Services |
| Buyer(s) | Driven Brands |
| Sellers(s) |
Trivest Partners
Capitala Group |
| Deal Type | Add-on Acquisition |
| Advisor(s) | Jefferies (Financial) Akerman Senterfitt LLP (Legal) |
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| Category | Company |
|---|---|
| Founded | 1972 |
| Sector | Franchising |
| Employees | 11,000 |
| Revenue | 2.0B USD (2022) |
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 | 7 of 18 |
| Sector (Consumer Services) | 1 of 2 |
| Type (Add-on Acquisition) | 7 of 17 |
| State (Louisiana) | 1 of 1 |
| Country (United States) | 5 of 15 |
| Year (2016) | 1 of 3 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2015-12-02 |
CARSTAR Automotive Canada
Hamilton, Ontario, Canada CARSTAR Automotive Canada, Inc. is a collision and glass company. It delivers national scale, consistently high-quality vehicle repairs and the industry's highest customer satisfaction ratings. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2016-09-29 |
The Lube Stop
Berea, Ohio, United States The Lube Stop, Inc. is a quick oil change company. Serving tens of thousands of customers each month, our oil changes and preventative vehicle maintenance services are performed by a well-trained team of experts. |
Buy | - |
| Category | Private Equity Firm |
|---|---|
| Founded | 1981 |
| PE ASSETS | 4.5B USD |
| Size | Large |
| Type | Sector Agnostic |
Trivest is a private equity firm that invests in North American middle-market corporate acquisitions, recapitalizations, and growth capital financings. For platform investments, sectors of interest include niche manufacturing, value-added distribution, business services, and consumer products/services. The Firm seeks businesses with at least $4 million of EBITDA and valued between $20 and $250 million. Trivest prefers control-based situations but will also consider minority or co-investment opportunities. For add-on opportunities, Trivest will consider companies globally with valuations starting at $1 million. Trivest Partners was formed in 1981 and is based in Coral Gables, Florida.
| DEAL STATS | # |
|---|---|
| Overall | 17 of 34 |
| Sector (Consumer Services) | 2 of 2 |
| Type (Add-on Acquisition) | 7 of 12 |
| State (Louisiana) | 1 of 1 |
| Country (United States) | 14 of 31 |
| Year (2016) | 2 of 4 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2016-02-25 |
North Star Seafood
Pompano Beach, Florida, United States North Star Seafood, Inc. is a distributor and processor of seafood products. The Company offers customers a combination of fresh and frozen seafood ranging from lobsters, fish, scallops, shrimp, mussels, oysters, squid, and other seafood and non-seafood products. |
Sell | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2016-04-25 |
Twin-Star International
Delray Beach, Florida, United States Twin-Star International, Inc. is a designer and marketer of decorative electric fireplaces and bathroom vanities. Through a continuous focus on designing high quality, aesthetically pleasing products, Twin-Star has achieved leading market positions in the large and growing electric fireplace category and is the primary supplier of the category to leading retailers across various channels. |
Sell | - |
| Category | Asset Manager |
|---|---|
| Founded | 1998 |
| PE ASSETS | 3.0B USD |
| Size | Large |
| Type | Sector Agnostic |
Capitala Group is an asset manager that provides equity and mezzanine capital to mid-sized companies valued up to $250 million. Funds are generally used to support growth needs, add-on acquisitions, management/leveraged buyouts, and recapitalizations. Capitatala will invest across the US, but generally targets opportunities located in the Southeast. Industry preferences include building products, business services, consumer/reteail, general industrial, healthcare, and technology. Prospective companies typically have revenues greater than $10 million and EBITDA of at least $3 million. Capitala was formed in 1998 and is headquartered in Charlotte, North Carolina.
| DEAL STATS | # |
|---|---|
| Overall | 24 of 49 |
| Sector (Consumer Services) | 1 of 2 |
| Type (Add-on Acquisition) | 7 of 16 |
| State (Louisiana) | 2 of 2 |
| Country (United States) | 23 of 48 |
| Year (2016) | 1 of 4 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2016-01-13 |
Eastport Holdings
Memphis, Tennessee, United States Eastport Holdings is a consolidator of media and advertising businesses throughout North America. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2016-08-04 |
Hale and Hearty Soups
New York, New York, United States Hale and Hearty Soups is a fast-casual, soup-focused restaurant concept that brings hearty, high quality, made from scratch comfort food to busy people. Hale & Hearty was started in a small kitchen in New York City and soon after, grew to add Chelsea Market to their locations. |
Buy | - |
