Affiliate of PE-backed Driven Brands acquires Canadian franchisor rights
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.
9 October 2013•2 mins read
