M&A Deal Summary

Driven Brands Acquires CARSTAR Automotive Canada

On December 2, 2015, Driven Brands acquired automotive company CARSTAR Automotive Canada

Acquisition Highlights
  • This is Driven Brands’ 3rd transaction in the Automotive sector.
  • This is Driven Brands’ 2nd transaction in Canada.
  • This is Driven Brands’ 1st transaction in Ontario.

M&A Deal Summary
Date 2015-12-02
Target CARSTAR Automotive Canada
Sector Automotive
Buyer(s) Driven Brands
Deal Type Add-on Acquisition

Target

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.

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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 6 of 18
Sector (Automotive) 3 of 9
Type (Add-on Acquisition) 6 of 17
State (Ontario) 1 of 1
Country (Canada) 2 of 3
Year (2015) 5 of 5
PREVIOUS 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.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-03-30 Take 5 Oil Change

Algiers, Louisiana, United States

Take 5 Oil Change LLC provides oil change services for vehicles. Its oil change services include checking air filter, washing windshield, adjusting tires, and checking wiper blades. The company also offers air filter replacement, automatic transmission flush, coolant exchange, nitro tire, and wiper blade replacement services.

Buy -
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