Driven Brands Announces Acquisition of Fix Auto USA Collision Repair Franchisor and Auto Center Auto Body
Franchise operator adds 150 franchise collision repair centers to its network and 10 company owned stores.
Driven Brands today officially announced its acquisition of Fix Auto USA (FUSA) and Auto Center Auto Body, Inc. (ACAB). The addition adds nearly 150 franchised and ten company-owned collision repair locations to the Paint, Collision & Glass segment of Driven Brands.
The acquisition of FUSA and ACAB continues Driven Brands’ growth in the collision repair space. All locations will retain their current Fix branding and join Driven Brands’ Paint, Collision & Glass segment that includes the CARSTAR, Maaco, ABRA and Uniban brands. Driven Brands will continue to grow in the collision space leveraging its franchisees, insurance carrier relationships, proven leadership, and recognized operational platforms.
“We are thrilled to add the Fix team to Driven Brands despite the current business climate. Our word and reputation for being good partners are incredibly important to us,” said Jonathan Fitzpatrick, CEO of Driven Brands. “We have never been more optimistic about the long-term prospects for Fix Auto USA, all of our businesses in the paint, collision and glass segment, and the Driven Brands portfolio overall.”
Michael Macaluso, Group President of Paint, Collision & Glass, will oversee FUSA and ACAB. Paul Gange, president and CEO of Fix Auto USA will join the Driven Brands team and remain as president, managing the franchise business. Erick and Shelly Bickett will also join Driven as operating partners for the company-owned ACAB locations.
“After years of growing Fix Auto USA, we are thrilled to be part of Driven Brands, who completed the acquisition despite the tumultuous business climate,” said Gange. “We are excited to continue building our organization with the strength and support of Driven Brands behind us.”
“Driven Brands’ mission and unwavering commitment to its consumers, franchisees, employees, and industry partners align with our vision,” added Shelly and Erick Bickett, owners of Auto Center Auto Body, Incorporated. “We look forward to the many benefits that our two organizations and our franchisees will gain from one another, including industry-leading solutions tailored for our customers. There is exciting growth ahead. We look forward to working with Driven Brands as leaders in the collision repair industry.”
Erick and Shelly Bickett have been collision industry pioneers since they opened their first Auto Center Auto Body shop in 1984 and were co-founders of FUSA. They also founding members of the Collision Industry Electronic Commerce Association (CIECA) in 1995, Cyncast in 2000, and CCI training institute in 2015.
Since affiliates of Roark Capital acquired Driven Brands in 2015, it has executed 38 acquisitions, including the Fix Auto USA and Auto Center Auto Body, Inc. acquisition. Driven Brands footprint includes over 3,250 locations across North America.
David Roberts, Managing Director of FOCUS Advisors, who led the transaction for FUSA and ACAB commented on the impact of this industry realignment and what it foretells, “Together with CARSTAR and their recent ABRA franchise acquisition, Driven Brands is now positioned as the primary home for operators that want to remain independent in a time of accelerating consolidation. Additionally, the acquisition of ACAB positions Driven to begin building its own consolidation platform.”