TL;DR
Driven Brands, a portfolio company of Roark, has acquired Texas-based Express Lube, expanding its presence in the quick lube market. The acquisition is part of Driven Brands' expansion, which has grown its Quick Lube Division by more than 80 percent this year.
Driven Brands, a portfolio company of Roark and automotive franchise, announced on December 12th the acquisition of Texas-based Express Lube, which operates over 30 quick oil change centers in and around San Antonio. This follows Driven Brand’s acquisition of Ohio-based Lube Stop this past September.
"Including the acquisition of Express Lube, we've now expanded the Quick Lube Division at Driven Brands by more than 80 percent this year," said Quick Lube Group President Marc Graham in a press release. "This expansion is a direct result of Driven Brands' world-class technology, synergistic approach to building business, purchasing power and operational support. The addition of this market-leading quick oil change business in San Antonio further solidifies our presence in Texas."
Generating annual system revenues of more than $2.1 billion, Driven Brands manages a family of automotive companies, including Maaco, Meineke Car Care Centers, CARSTAR and 1-800 Radiator & A/C.
In this story
This story was originally published in 1851 Franchise on December 20, 2016. Burnaze summarizes and links to the original reporting.
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