Driven Brands Holdings Inc. reports developments across its North American automotive services platform, including Take 5 Oil Change, Meineke, Maaco, 1-800-Radiator & A/C, Auto Glass Now, CARSTAR, Abra and Fix Auto USA. News commonly covers earnings updates, same-store sales, unit growth, franchise-brand activity, collision repair certifications, auto glass operations and changes to reportable segments.
The company’s recent corporate updates also include the completed sale of its international car wash business, updated segment reporting for Take 5, Franchise Brands and Auto Glass Now, and financial-reporting matters such as restatements, delayed periodic filings, Nasdaq compliance notices and securities litigation developments.
Driven Brands Holdings has launched a roadshow for its proposed initial public offering (IPO). The company plans to offer 38,000,000 shares at an estimated price between $17.00 and $20.00 per share. Driven Brands, the largest automotive services firm in North America, serves consumer and commercial markets with a range of services including vehicle repair and maintenance. Proceeds from the IPO will be used to repay outstanding debts. Additionally, the underwriters have a 30-day option to purchase an extra 5,700,000 shares.