• Charlotte-based parent of Meineke, other brands could be sold for $2B

    By: Jessica Saunders, Atlanta Business Chronicle


    CHARLOTTE, N.C. - A Bloomberg report says Atlanta-based private equity firm Roark Capital is considering a $2 billion sale of automotive franchise services firm Driven Brands Inc.

    [ALSO READ: Global automaker shortlists NC for manufacturing plant, thousands of jobs]

    According to the report, based on information from people with knowledge of Roark’s plans, the firm is speaking to advisers about running an auction of Driven Brands in the fourth quarter. Bloomberg said its sources asked not to be identified because the information is private.

    Driven Brands is expected to attract interest from other private equity firms, according to the report. 

    The Charlotte-based company is the corporate parent of Meineke Car Care Centers Inc., Maaco collision and paint centers and other automotive-related businesses.

    Read more here.

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