DRVN - Mergers and acquisitions

Secure Properties ("Secure"), a leading real estate investment firm specializing in net lease assets, announced today that it has acquired a 15-property portfolio operated under the Take 5 Oil Change banner through a direct, long-term sale-leaseback with Driven Brands (NASDAQ:DRVN). The portfolio spans high-growth markets across the South and Midwest and represents a meaningful expansion of Secure's presence in the automotive services category. The assets serve as essential operating locations for Take 5 Oil Change, one of the fastest-growing quick-lube service providers in the United States. Each property is backed by a new long-term NNN lease, aligning with Secure's strategy of investin

Driven Brands Holdings Inc. (NASDAQ:DRVN) ("Driven Brands" or the "Company"), the largest automotive services company in North America, today announced the sale of its Canadian distribution business, primarily operated under the PH Vitres d'Auto brand ("PH"), to PGW Auto Glass, a leading North American glass distributor, effective August 31, 2024. Terms of the transaction are not being disclosed. The Canadian distribution business was reported in the Company's Platform Services segment. Net proceeds from the transaction generally will be used to pay down debt. The sale is expected to have minimal impact on the Company's fiscal year 2024 outlook. The Company will provide further details on

Kian Capital Partners, a lower middle market focused private investment firm, announced today that it completed the acquisition of a leading Meineke Car Care Center franchisee in partnership with management to establish a new platform in the general automotive repair space called PARC Auto. PARC Auto is currently comprised of 15 Meineke automotive care centers in the Louisville, Kentucky metropolitan area. Bryan Brown originally founded the franchise group in 1996 and is a top operator in the Meineke system, having earned Franchisee of the Year in 2008, 2016 and 2021 and the Meineke President's Award in 2020. The Company's success has been driven by its high-quality service, strong custom

Driven Brands Holdings Inc. (NASDAQ:DRVN), North America's largest automotive services company, announces the continued expansion of its auto glass offering in the U.S. with the acquisition of leading Florida-based K&K Glass. CHARLOTTE, N.C., July 7, 2022 /PRNewswire-PRWeb/ -- Driven Brands Holdings Inc. (NASDAQ:DRVN), North America's largest automotive services company, announces the continued expansion of its auto glass offering in the U.S. with the acquisition of leading Florida-based K&K Glass. Driven Brands' fifth U.S. automotive glass acquisition will be reported in its Paint, Collision, and Glass segment. "We were proud to kickstart our entry into the U.S. automotive glass market with

CHARLOTTE, N.C., Nov. 01, 2021 (GLOBE NEWSWIRE) -- Driven Brands Holdings Inc. (NASDAQ:DRVN) is proud to announce the acquisition of its 100th car wash since entering the business in August 2020. This milestone highlights the speed at which Driven Brands is expanding in one of its newest business segments. This brings the total number of Driven Brands Car Washes in the U.S. to over 300. Driven Brands is the fastest-growing express conveyor car wash operator in North America. Driven Brands most recently acquired Magic Tunnel Car Wash, which operates 16 sites across Ohio, West Virginia, and Georgia. Magic Tunnel has a strong wash club subscriber base, aligning with Driven Brands' overall c

CHARLOTTE, N.C., July 15, 2021 (GLOBE NEWSWIRE) -- Driven Brands Holdings Inc. (NASDAQ:DRVN) today announced the acquisition of 18 Frank's Car Wash Express stores in South Carolina. This acquisition is the largest car wash tuck-in acquisition for Driven Brands to date and follows the 10 recently acquired Racer Classic Car Washes in Texas in May. Including these two acquisitions, Driven Brands has acquired a total of 50 car washes in 2021. Since acquiring International Car Wash Group in August of 2020, Driven Brands has acquired 67 car washes. "We've been extremely pleased with the performance of the Car Wash segment within the Driven Brands portfolio," said Jonathan Fitzpatrick, president