Around the Industry: Driven Brands, Inc. Acquires Merlin 200,000 Miles
Driven Brands, Inc. is proud to announce the acquisition of St. Charles-based Merlin 200,000 Mile. Merlin operates primarily in the suburbs of Chicago and adds 49 locations in four states to the Driven Brands portfolio. The acquisition will allow Driven to expand its presence in the market.
“At Driven, we are committed to growing our presence through acquisitions of other brands or independents which can accelerate our exposure and growth,” said Jonathan Fitzpatrick, president and CEO, Driven Brands. “Merlin has a compelling business model and outstanding unit economics. We are excited about this addition to the Driven family and are confident this acquisition will result in a win-win for both customers and our brands alike.”
“It was time for the full potential behind our 200,000 Miles branding to be unleashed, which only a successful national player could do. We were extremely impressed with the high levels of talent, vision and energy within the Driven Brands executive leadership team. Driven Brands truly understands franchising as well as Merlin’s ongoing commitment to both franchisees and customers,” said Frank Smola, former president of Merlin 200,000 Miles.
Danny Rivera will serve as the president of Merlin 200,000 Miles. As chief information officer of Driven Brands, Rivera is uniquely qualified to lead this effort.
“Adding Merlin to the Driven portfolio gives us breadth in the Chicago market with a great brand that has unique brand positioning and excellent unit economics,” Rivera said.