Add-on Acquisition • Automotive

Driven Brands Acquires CARSTAR Auto Body Repair Experts

On October 22, 2015, Driven Brands acquired automotive company CARSTAR Auto Body Repair Experts

Acquisition Context
  • This is Driven Brands’ 2nd transaction in the Automotive sector.
  • This is Driven Brands’ 1st transaction in Canada.

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M&A Deal Summary

Date October 22, 2015
Target CARSTAR Auto Body Repair Experts
Sector Automotive
Buyer(s) Driven Brands
Deal Type Add-on Acquisition

Target Company

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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Buyer Overview 1

Buyer

Driven Brands

Charlotte, North Carolina, United States

Category Company
Founded 1972
Sector Franchising
Employees10,700
Revenue 2.3B USD (2024)
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 Context for Buyer #
Overall 5 of 18
Sector: Automotive 2 of 9
Type: Add-on Acquisition 5 of 17
Country: Canada 1 of 3
Year: 2015 4 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-10-22 Carstar

Leawood, Kansas, United States

CARSTAR is the largest franchisor of automobile collision repair shops in North America.

Buy -
FOLLOWING DEAL
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 -

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