Carousel Capital Rolls Up Car Care Space
Carousel Capital has acquired both Driven Brands Inc. and Maaco Franchising Inc. for an undisclosed amount. Senior debt financing was provided by GE Antares, CapitalSource Finance, Golub Capital and Wachovia, while Gleacher Mezzanine and Allied Capital provided sub debt. Driven Brands is the parent company of Meineke Car Care Centers, Econo Lube N’ Tune, AutoQual, Aero Colours, Drive N Style and Tortal.net. Maaco provides franchised auto body repair and painting.
23 October 2008•5 mins read
