M&A Deal Summary

Driven Brands Acquires Auto Glass Now

On January 4, 2022, Driven Brands acquired automotive company Auto Glass Now for 170M USD

Acquisition Highlights
  • This is Driven Brands’ 9th transaction in the Automotive sector.
  • This is Driven Brands’ largest (disclosed) transaction.
  • This is Driven Brands’ 14th transaction in the United States.
  • This is Driven Brands’ 2nd transaction in California.

M&A Deal Summary
Date 2022-01-04
Target Auto Glass Now
Sector Automotive
Buyer(s) Driven Brands
Deal Type Add-on Acquisition
Deal Value 170M USD

Target

Auto Glass Now

Oakland, California, United States
website
AutoGlassNow specializes in windshield repair, windshield replacement, rear windshield replacement and side window replacement with over 75 locations throughout the US.

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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 17 of 18
Sector (Automotive) 9 of 9
Type (Add-on Acquisition) 16 of 17
State (California) 2 of 2
Country (United States) 14 of 15
Year (2022) 1 of 2
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-03-17 Fabulous Car Wash

McKinney, Texas, United States

Fabulous Car Wash is a local car wash company. Fabulous Car Wash was founded in 2012 and is based in McKinney, Texas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-07-07 K&K Glass

Tampa, Florida, United States

K&K Glass provides quality products and services to automotive, residential, and commercial glass consumers. The company demonstrates its commitment to excellence and consumer safety through professionally trained certified technicians and customer service representatives with outstanding customer service and quality products. K&K Glass was formed in 1994 and is based in Tampa, Florida.

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