"With this partnership, we have access to world-class technology, purchasing power, operational support and resources that will enable us to accelerate our growth and success."ĭriven Brands manages a family of automotive companies including Maaco, Meineke Car Care Centers, CARSTAR North America, 1-800 Radiator & A/C, which collectively generate annual system revenues of more than $2.1 billion. "This is a tremendous opportunity for Take 5 Oil Change to grow our business to the next level," said Graham. We look forward to partnering and helping accelerate their growth plans." Take 5 Oil Change has a phenomenal brand, operating model, and team led by Marc. They have perfected their processes and deliver industry leading customer service. "Take 5 Oil Change is an ideal addition to our portfolio of brands. "We are actively expanding our footprint through the strategic acquisition of top-performing, complementary auto aftermarket services companies," said Jonathan Fitzpatrick, CEO of Driven Brands. Take 5 CEO Marc Graham, who headed Take 5 Oil Change as CEO since 2013 and has more than 40 years of experience in the automotive aftermarket, will lead the Driven Brands Quick Lube division.
With this acquisition, Driven Brands continues to expand its Quick Lube division, which also includes Pro Oil Change and Driven Florida Lubes.
The Take 5 Oil Change management team will remain at the helm, and the headquarters will remain in New Orleans. Founded in 1984, Take 5 Oil Change operates 65 quick oil change facilities across nine states throughout the Southeast. CHARLOTTE, N.C., Ma/PRNewswire/ - Driven Brands, a portfolio company of Roark Capital and the nation's leading automotive franchisor, announced today that its affiliate has acquired Louisiana-based Take 5 Oil Change.