M&A Deal Summary

Driven Brands Acquires ABRA Automotive Systems

On October 2, 2019, Driven Brands acquired automotive company ABRA Automotive Systems from ABRA Auto Body & Glass

Acquisition Highlights
  • This is Driven Brands’ 5th transaction in the Automotive sector.
  • This is Driven Brands’ 8th transaction in the United States.
  • This is Driven Brands’ 1st transaction in Minnesota.

M&A Deal Summary
Date 2019-10-02
Target ABRA Automotive Systems
Sector Automotive
Buyer(s) Driven Brands
Sellers(s) ABRA Auto Body & Glass
Deal Type Divestiture

Target

ABRA Automotive Systems

Brooklyn Park, Minnesota, United States
ABRA Automotive Systems LP is the franchising subsidiary of ABRA Auto Body Repair of America and consists of 55 franchised collision repair facilities.

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Buyer(S) 1

Buyer

Driven Brands

Charlotte, North Carolina, United States
Category Company
Founded 1972
Sector Franchising
Employees11,000
Revenue 2.3B USD (2023)
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 was incorporated in 1972 and is based in Charlotte, North Carolina.

DEAL STATS #
Overall 10 of 18
Sector (Automotive) 5 of 9
Type (Divestiture) 1 of 1
State (Minnesota) 1 of 1
Country (United States) 8 of 15
Year (2019) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-12-12 Express Lube

Texas, United States

Express Lube is an own and operator of more than 30 quick oil change centers throughout San Antonio and surrounding areas in Texas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-11-18 Clairus Group

Laval, Quebec, Canada

Clairus Group is a technology-enabled provider of replacement, repair and recalibration services for automotive glass and related advanced driver assistance systems (ADAS), serving vehicle owners, fleets, and insurance carriers. The Company currently operates 22 distribution centers and services its clientele through more than 240 in-bay service centers and 330 mobile units. Clairus Group was founded in 2017 and is based in Laval, Quebec.

Buy -

Seller(S) 1

SELLER

ABRA Auto Body & Glass

Brooklyn Park, Minnesota, United States
Category Company
Founded 1984
Sector Automotive
DESCRIPTION

ABRA Auto Body & Glass is a provider of vehicle damage repair services specializing in collision repair, paintless dent removal, and auto glass repair and replacement. ABRA Auto Body & Glass was founded in 1984 and is based in Brooklyn Park, Minnesota.

DEAL STATS #
Overall 1 of 1
Sector (Automotive) 1 of 1
Type (Divestiture) 1 of 1
State (Minnesota) 1 of 1
Country (United States) 1 of 1
Year (2019) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-07-10 Kadel s Auto Body

Tigard, Oregon, United States

Kadel's Auto Body is an independent auto body service provider in the United States. Over the years company have stretched services to the greater Portland area, Salem, Eugene and Boise, Idaho.

Buy -
Mergr

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