Driven Brands
- Revenue$904.2 MFY, 2020
- Market Capitalization$4.4 B2022-06-20
OverviewSuggest Edit
Driven Brands is an automotive services company. It provides a range of consumer and commercial automotive needs, including paint, collision, glass, vehicle repair, oil change, maintenance, and carwash. The company also offer aftermarket automotive care with services that include preventative and routine maintenance keeping your vehicle safe and healthy; distributes select automotive aftermarket parts to parts stores, repair facilities, and service stations as well as provides consulting services.
| Type | Public | |
| Founded | 2006 | |
| HQ | Charlotte, NC, US | Map |
| Website | drivenbrands.com | |
| Employee Ratings | ||
| Overall Culture | B | More |
Recent NewsAll News
- Driven Brands to Present at the William Blair 42nd Annual Growth Stock Conference
- asTech and Driven Brands partner to deliver world-class diagnostics, calibrations, and programming
- Driven Brands Holdings Inc. Reports Fourth Quarter and Fiscal Year 2021 Results
- Driven Brands Holdings Inc. to Report Fourth Quarter and Fiscal 2021 Results on February 16, 2022
Key People/Management at Driven Brands
Jonathan Fitzpatrick
President, Chief Executive Officer and Director
Tiffany Mason
Executive Vice President and Chief Financial Officer
Scott O'Melia
Executive Vice President, General Counsel
Matt Meier
Executive Vice President & Chief Digital and Data Officer
Dennis Elliott
Executive Vice President, Development and M&A
Danny Rivera
Executive Vice President & Group President, Maintenance
Driven Brands Office Locations
Driven Brands has an office in Charlotte
Charlotte, NC, US (HQ)
440 S Church St #700
Driven Brands Financials and Metrics
Driven Brands Revenue
Driven Brands's revenue was reported to be $904.2 m in FY, 2020 which is a 50.6% increase from the previous period.
| USD | |
|---|---|
Revenue (Q3, 2021) | 371.1m |
Net income (Q3, 2021) | 33.1m |
EBIT (Q3, 2021) | 63.7m |
Market capitalization (20-Jun-2022) | 4.4b |
Closing stock price (20-Jun-2022) | 26.4 |
Cash (25-Sept-2021) | 115.4m |
EV | 6.8b |
Driven Brands's current market capitalization is $4.4 b.
Annual
Annual
Annual
| USD | FY, 2018 |
|---|---|
Debt/Equity | 1.6 x |
Debt/Assets | 0.5 x |
Financial Leverage | 3 x |
Driven Brands Acquisitions / Subsidiaries
| Company Name | Date | Deal Size |
|---|---|---|
| International Car Wash Group Financing PLC | August 03, 2020 | |
| International Car Wash Group LTD. | August 03, 2020 | |
| RC IV Cayman ICW LLC | August 03, 2020 | |
| Shine Holdco (UK) Limited | August 03, 2020 | $809 m |
| Fix Auto USA | April 20, 2020 | $31.46 m |
| Clairus Group USA Holdco, LLC | November 14, 2019 | |
| Clairus Group USA, LLC | November 14, 2019 | $214 m |
| Clairus Group USA Midco, LLC | November 14, 2019 | |
| Automotive Training Institute, LLC | November 05, 2019 | $52 m |
| ABRA Franchising, LLC | October 01, 2019 |
Driven Brands Revenue Breakdown
Driven Brands revenue breakdown by business segment: 15.4% from Platform Services, 18.3% from Paint, Collision & Glass, 46.1% from Maintenance, 16.6% from Car Wash and 3.6% from Other
Driven Brands revenue breakdown by geographic segment: 7.4% from Rest of world, 79.8% from United States and 12.8% from Canada
Driven Brands Cybersecurity Score
Driven Brands Environment, Social & Governance (ESG) Ratings
Driven Brands Online and Social Media Presence
Driven Brands's Trends
Driven Brands Company Culture
Overall Culture
B
71/100
CEO Rating
D
60/100
Compensation
C+
69/100
Driven Brands News and Updates
May 31, 2022
Driven Brands to Present at the William Blair 42nd Annual Growth Stock Conference
CHARLOTTE, N.C., May 31, 2022 (GLOBE NEWSWIRE) -- Driven Brands Holdings Inc. (NASDAQ: DRVN) will present at the William Blair 42nd Annual Growth Stock Conference on June 7, 2022. Jonathan Fitzpatrick, President and CEO, and Tiffany Mason, EVP and CFO, will be presenting at approximately 8:40am CT…
May 11, 2022
asTech and Driven Brands partner to deliver world-class diagnostics, calibrations, and programming
PLANO, Texas, May 11, 2022 /PRNewswire/ -- asTech, a Repairify company, today announced a partnership with Driven Brands to establish a formal scanning diagnostics program that enables its network of automotive collision repair centers to access the full suite of asTech solutions for the...
February 16, 2022
Driven Brands Holdings Inc. Reports Fourth Quarter and Fiscal Year 2021 Results
Delivers Strong Same-Store Sales and Net Store Growth
February 09, 2022
Driven Brands Holdings Inc. to Report Fourth Quarter and Fiscal 2021 Results on February 16, 2022
CHARLOTTE, N.C., Feb. 09, 2022 (GLOBE NEWSWIRE) -- Driven Brands Holdings Inc. (NASDAQ: DRVN) (“Driven Brands”) will release fourth quarter and fiscal 2021 financial results before the market opens on February 16, 2022. Following the release, Driven Brands will host a conference call at 9:00 a.m. …
January 04, 2022
Driven Brands Expands Auto Glass Offering into the U.S.
CHARLOTTE, N.C., Jan. 04, 2022 (GLOBE NEWSWIRE) -- Driven Brands Holdings Inc. (NASDAQ: DRVN), North America’s largest automotive services company, announces the expansion of its auto glass offering into the U.S. with the acquisition of Auto Glass Now® (AGN).
November 23, 2021
Driven Brands to Present at the Morgan Stanley Virtual Global Consumer & Retail Conference
CHARLOTTE, N.C., Nov. 23, 2021 (GLOBE NEWSWIRE) -- Driven Brands Holdings Inc. (NASDAQ: DRVN) announces that Jonathan Fitzpatrick, president and chief executive officer, and Tiffany Mason, executive vice president and chief financial officer, will present at the Morgan Stanley Virtual Global Consu…
Driven Brands Blogs
June 16, 2022
Driven Brands completes fourth auto glass acquisition in the U.S.
Driven Brands announced the continued expansion of its auto glass offering in the U.S. with the acquisition of Indiana-based Perfection Auto Glass. The total addressable market for auto glass repair in North America is approximately $5 billion and growing. Perfection Auto Glass was founded almost 20…
June 01, 2022
Driven Brands IPO recognized as a 2022 Dealmaker
Every year, the Franchise Times announces the winners of its annual Dealmakers Awards, recognizing the boldest players driving mergers and acquisitions in franchising. This year, Driven Brands was among them, earning the distinction after our “explosive” initial public offering on Jan. 14, 2021. Our…
May 25, 2022
Continuing momentum, Driven Brands opens 350th car wash
Following a banner year for Driven Brands Car Wash North America with more than 110 new locations in 2021, the company continues its growth trajectory. On May 20, Driven Brands celebrated another significant milestone – opening its 350th express car wash in Little Rock, Arkansas. The 350th location …
May 17, 2022
A 1972 Corvette to celebrate Meineke’s 50th anniversary
At the 2022 Meineke Convention, Janet Cummings won the prize of a lifetime: a 1972 convertible Chevrolet Corvette – in bright Meineke yellow. The 50-year old classic car pays homage to Meineke’s 50th anniversary, which is being celebrated this year. “We love it,” she says with a laugh. “My husband h…
April 15, 2022
Tax refund delays change consumer spending plans
When people receive their tax refunds has a big impact on how they choose to spend those dollars, according to new research from Driven Brands. Sixty percent of those expecting a delay in when they will receive their refund — because of processing delays at the IRS — said it will affect how they spe…
April 12, 2022
Fifth Take 5 Oil Change and Car Wash co-development opens
In early March, Driven Brands held a grand opening of a Take 5 Oil Change and Car Wash co-development in Edinburg, Texas. Driven Brands has at least 10 more of these innovative locations in this year’s pipeline. The co-developments are planned for Tennessee, North Carolina, Indiana, Missouri, Florid…
Driven Brands Frequently Asked Questions
When was Driven Brands founded?
Driven Brands was founded in 2006.
Who are Driven Brands key executives?
Driven Brands's key executives are Jonathan Fitzpatrick, Tiffany Mason and Scott O'Melia.
How many employees does Driven Brands have?
Driven Brands has 6,900 employees.
What is Driven Brands revenue?
Latest Driven Brands annual revenue is $904.2 m.
What is Driven Brands revenue per employee?
Latest Driven Brands revenue per employee is $131 k.
Who are Driven Brands competitors?
Competitors of Driven Brands include Safelite, Mister Car Wash and Monro.
Where is Driven Brands headquarters?
Driven Brands headquarters is located at 440 S Church St #700, Charlotte.
Where are Driven Brands offices?
Driven Brands has an office in Charlotte.
How many offices does Driven Brands have?
Driven Brands has 1 office.
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