Roark plans IPO for owner of Meineke, Maaco
December 24, 2020- Share:
Driven Brands, an automotive upkeep franchising giant owned by Roark Capital Group, has filed to go public on the Nasdaq. The company's portfolio of brands includes Meineke, Maaco, Carstar and Take 5 Oil Change. With more than 4,100 locations, the North Carolina-based company generated some $600 million in revenue for its fiscal 2019, representing a 37% compound annual growth rate since Roark acquired the company in 2015.
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