Driven Brands Holdings Inc., an automotive services company, has sold its Canadian distribution business, primarily operated under the PH Vitres d’Auto brand (PH), to PGW Auto Glass, a leading North American glass distributor. Terms of the transaction were not disclosed.
“I want to thank Richard Jutras, President of PH, and the entire team at PH for being great partners over the last five years. We are confident that the business will continue to perform well under its new ownership,” said Jonathan Fitzpatrick, president and CEO. Mike Diamond, EVP and CFO added that “Driven Brands is committed to our active portfolio management strategy. Although the sale of PH will have limited impact