Announced
Completed
Financials
Tags
Auto Parts
Completed
Single Bidder
auto glass repairs
Private
Majority
auto glass
United States
Friendly
Private Equity
Acquisition
Domestic
Synopsis
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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