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New Deal


Announced

Completed

Roark Capital-backed Driven Brands completed the acquisition of Auto Glass Now for $170m.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Auto Parts

Completed

Single Bidder

auto glass repairs

Private

Majority

auto glass

United States

Friendly

Private Equity

Acquisition

Domestic

Synopsis

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Roark Capital-backed Driven Brands, an automotive repair center operator, completed the acquisition of Auto Glass Now, an auto glass repair, replacement, and calibration services provider, for $170m. "The automotive aftermarket is evolving, and we are incredibly bullish that glass services will be a key beneficiary of that evolution. The growth and highly fragmented nature of auto glass services makes our entrance into the U.S. market an ideal strategic investment for Driven Brands," Jonathan Fitzpatrick, Driven Brands President and CEO.

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