PGW Auto Glass completed the acquisition of the canadian distribution business from Driven Brands.

PGW Auto Glass, a North American glass distributor, completed the acquisition of the canadian distribution business from Driven Brands, an automotive services company. Financial terms were not disclosed. “Driven Brands is committed to our active portfolio management strategy. Although the sale of PH will have limited impact on the Company’s financials, this transaction will reduce debt and be margin rate accretive. We will provide further details and update our full-year outlook based on the disposition during our Q3 earnings call,” Mike Diamond, Driven Brands EVP and CFO.