| Market Capitalization (Millions $) |
2,237 |
| Shares
Outstanding (Millions) |
165 |
| Employees |
4,000 |
| Revenues (TTM) (Millions $) |
1,787 |
| Net Income (TTM) (Millions $) |
171 |
| Cash Flow (TTM) (Millions $) |
2 |
| Capital Exp. (TTM) (Millions $) |
176 |
Business Description
Driven Brands Holdings Inc is a multi-brand franchisor of home service and automotive aftermarket brands. The company is headquartered in Charlotte, North Carolina and was founded in 1972. Driven Brands operates over 4,100 locations in 14 countries, with franchise locations operating under various brands such as Meineke Car Care Centers, Maaco Collision Repair & Auto Painting, Take 5 Oil Change, and CARSTAR Auto Body Repair Experts.
The company was originally established as Meineke Discount Muffler Shops, Inc. until it changed its name to Driven Brands, Inc. in 2012. Driven Brands offers comprehensive maintenance and repair services for cars, including oil changes, brake repair, and collision repair. The company also offers franchise opportunities for qualified individuals and entrepreneurs looking to start and operate their own business under one of its established brands.
Driven Brands' portfolio of companies includes Meineke Car Care Centers, which is the flagship brand that offers full-service automotive and fleet care for cars and light trucks, and Take 5 Oil Change, which is a franchise that offers quick and convenient oil changes in as little as five minutes. The company also owns CARSTAR Auto Body Repair Experts, which provides collision repair services to customers in Canada and the US, and Maaco Collision Repair & Auto Painting, which offers auto painting and body repair services. Other brands under the Driven Brands portfolio include Pro Oil Change, Econo Lube N' Tune & Brakes, Aero-Colours, and Drive N Style.
Driven Brands has been recognized as one of the top franchisors in its industry and has won numerous awards for its innovation, growth, and leadership. The company has a strong commitment to sustainability and has implemented programs to reduce its carbon footprint and promote environmental responsibility. Driven Brands is also deeply involved in philanthropic initiatives, and has supported a number of charitable organizations such as the Children's Miracle Network Hospitals and the American Heart Association.
In 2021, Driven Brands Holdings Inc went public through an IPO on NASDAQ, raising approximately $730 million. The move positions the company for further growth and expansion, allowing it to continue to provide automotive and home service solutions to customers around the world.
Company Address: 440 South Church Street Charlotte 28202 NC
Company Phone Number: 377-8855 Stock Exchange / Ticker: NASDAQ DRVN
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19.5 %