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Newly public Driven Brands exceeds earnings expectations for second straight quarter bizjournals.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bizjournals.com Daily Mail and Mail on Sunday newspapers.
How Driven Brands' $750M IPO is fueling growth - Charlotte Business Journal bizjournals.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bizjournals.com Daily Mail and Mail on Sunday newspapers.
Colorful lights, soap and water soak a vehicle at the Quick Quack Car Wash, northeast of Powers Boulevard and Barnes Road on Colorado Springs northeast side. Jacob Edwards sprays a pre-cleaner as he directs vehicles inside Quick Quack Car Wash in northeast Colorado Springs this month. Car wash chains like Quick Quack and others are expanding their presence in markets such as the Springs, where population growth and weather are attractions, industry experts say. CHANCEY BUSH, THE GAZETTE ....
Print CHARLOTTE, N.C. Driven Brands Holdings Inc., operator and franchisor of multiple vehicle maintenance and repair businesses, reported a 35.3% gain in operating income for the year ended Dec. 26 on 50.6% higher sales, but the net result was a $4.22 million loss due primarily to higher interest expenses. The Charlotte-based company, which went public in 2020, reported $94.7 million in operating income on revenue of $904.2 million, yielding a 10.5% operating ratio. Revenue from company-operated stores represented 54% of the firm s sales last year, with a measurable portion of the increase attributed to Driven Brand s purchase of International Car Wash Group. Among the company s franchise brands are Meineke Car Care Centers, Take 5 Oil Change and 1-800-Radiator & A/C. Besides Meineke and Take 5, Driven Brands properties include: Carstar Auto Body Repair; MAACO auto body; International Car Wash; and Merlin s 200,000 Mile Shops. ....
Arrow Global s board minded to recommend revised takeover bid by Asda investor TDR Capital TDR Capital also has stakes in David Lloyd Leisure, Keepmoat Homes and Stonegate Pub Company Arrow Global has received a revised takeover bid Sign up to FREE email alerts from BusinessLive North WestInvalid EmailSomething went wrong, please try again later. Subscribe When you subscribe we will use the information you provide to send you these newsletters. Your information will be used in accordance with ourPrivacy Notice. Thank you for subscribingWe have more newslettersShow meSee ourprivacy notice The board of a Manchester-headquartered credit management services provider has said it is minded to recommend a revised bid by a private equity firm, which helped the billionaire brothers behind EG Group acquire Asda. ....