DRIVEN BRANDS EXPANDS AUTO GLASS OFFERING INTO THE U.S.

01/06/22

 

Driven Brands Holdings Inc. (NASDAQ: DRVN), North America’s largest automotive services company, has announced the expansion of its auto glass offering into the United States with the acquisition of Auto Glass Now® (AGN).

AGN is an industry leader, backed by over 20 years of experience, in auto glass repair, replacement, and calibration with more than 75 locations throughout the United States.

The total addressable market for auto glass repair in North America is approximately $5 billion and growing. This acquisition makes Driven Brands one of the largest auto glass service providers in North America.

"The automotive aftermarket is evolving, and we are incredibly bullish that glass services will be a key beneficiary of that evolution,” said Jonathan Fitzpatrick, president and CEO, Driven Brands.

Driven Brands first entered the glass business in Canada in 2019, and serves retail, insurance, and fleet customers. Driven Brands now operates over 300 glass locations in both the United States and Canada. Driven Brands acquired AGN for approximately $170 million on December 30, 2021.



LATEST ISSUES

click me