Report: Driven Brands May Be Put Up For Sale

According to an Aug. 13 Bloomberg news report, Roark Capital is considering running an auction in the fourth quarter for Driven Brands. The news service, citing “people with knowledge of [Roark’s] plans,” reports that no final decision regarding a sale has been made, adding that Driven Brands would attract interest from other private equity firms.

Service Executive reached out to representatives for Roark and Driven Brands for comment. Roark was unavailable for comment, and we did not receive a reply from Driven Brands prior to publication.

Charlotte-based Driven Brands is the parent company to Meineke Car Care Centers, Maaco, Carstar North America and 1-800-Radiator & A/C, to name a few automotive holdings. The company has nearly 2,700 shops across North America and generates over $2.60 billion in system sales.

Roark acquired Driven Brands from Harvest Partners more than four years ago.