MAACO Franchising Inc, a business affiliate of Charlotte, N.C.-based Driven Brands Inc, has purchased the master franchisor rights for the MAACO car care center brand in Canada. The transaction, the financial terms of which were not published, will allow MAACO Franchising to rapidly expand in Canada. Driven Brands, a franchisor in the automotive aftermarket services industry, was acquired by U.S. private equity firm Harvest Partners from Carousel Capital in December 2011.
MAACO® Franchising Acquires MAACO® Canada’s Master Franchisor
Long Time Franchisee and Owner of MAACO® Canada Gary Dohring Retires
CHARLOTTE, N.C., Oct. 1, 2013 /CNW/ – MAACO®, part of the Driven Brands family of automotive companies, today announced the acquisition of its Canadian Master Franchisor rights from Gary Dohring. MAACO® Canada has 26 locations across the country and the first location was opened in 1975.
“Everyone at MAACO® thanks Gary and his team for the great work over the past decade in growing the MAACO® brand in Canada,” says Jose Costa, president, MAACO®. “We are really excited for the opportunity to build on that success and further grow the brand in Canada. This transaction is a testament to the belief that the MAACO® team has in terms of our future vision and growth opportunities,” he adds.
Driven Brands, through both MAACO® and Meineke Car Care Centers®, has a long, successful history in Canada. Its focus will remain on the growth of these brands and specifically on doubling the current unit counts in three years through a combination of our existing franchisees and the introduction of new growth-minded franchisees.
“I am proud and fortunate to have spent so much time as part of the MAACO® system,” says Dohring, who departs on October 1. “We have a terrific team and culture in place, and strong leadership at the corporate level, so I leave knowing that the brand I love is in the best of hands.”
Founded in 1972, MAACO® Collision Repair & Auto Painting (www.maaco.com) repairs accident damage, dents and faded paint for close to 500,000 drivers annually. The 450 franchises have restored the safety and beauty of all types of vehicles for nearly 40 years. MAACO Franchising, Inc., headquartered in Charlotte, NC, has been cited numerous times by Entrepreneur magazine as #1 in its category in the Annual Franchise 500 survey.
About Driven Brands
The Driven Brands family of automotive companies (www.drivenbrands.com) headquartered in Charlotte, NC, serves as parent company for the separate businesses: MAACO® , “America’s Body Shop”; Meineke Car Care Centers® service and repair shops; Econo Lube & Tune; AutoQual®, Aero-Colours® and Drive N Style®.
CONTACT: Rosie Castro 305/731-2417 firstname.lastname@example.org
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