MAACO Collision Repair & Auto Painting is the leading franchisor of auto paint and collision repair shops. MAACO repairs accident damage, dents, and faded paint for nearly 500,000 drivers...
MAACO Collision Repair & Auto Painting is the leading franchisor of auto paint and collision repair shops. MAACO repairs accident damage, dents, and faded paint for nearly 500,000 drivers annually. The company was founded in 1972 in Wilmington, DE by one of the founders of AAMCO Transmissions. Over the following five years, the new company grew quickly, opening nearly 200 franchise locations. In 2008, Maaco was acquired by Driven Brands Holdings, Inc., the largest automotive services company in North America, for an undisclosed amount. At the end of 2022, the chain had grown to 417 franchise locations across North America.
Driven Brands Holdings Inc. is the largest provider of diversified automotive services in North America. The company provides a range of automotive services under the segments of Maintenance, Car Wash, Paint, Collision, and glass, as well as Platform and distribution Services. In 2008, only two years after Driven Brands was founded (2006), they were acquired by Roark Capital. In 2021, they became publicly traded (NASDAQ: DRVN). Driven Brands now manages a family of automotive subsidiaries including Meineke, Maaco, Take 5, CARSTAR, Fix Auto, and several others. Driven Brands has a growing and highly franchised base of more than 4,800 locations across 49 states and 13 countries (end of 2022). They employ approximately 11,000 people. In 2022, they had a market cap of $4.57B and an earned revenue of $2.03B, recognizing a net income of $43M. The company has an S&P credit rating of B+ and a long-term Moody’s rating of B3. Driven Brands, Inc. is headquartered in Charlotte, NC.