Driven Brands Owner Considering Sale
Aug. 14, 2019—Bloomberg is reporting that Driven Brands could be up for a potential sale at an asking price as high as $2 billion.
The decision rests with Roark Capital, the Atlanta investment firm that acquired Driven in 2015. Driven runs brands like Take 5 Oil Change, Meineke, MAACO, Carstar and others.
No deal has been finalized, according to the report. Roark could also choose to hold onto the company.
Bloomberg reports that a lot of the interest in the sale could come from other private equity firms.