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Driven Brands acquires 1-800 Radiator


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Atlanta-based Roark Capital Group continued its buying spree today with the acquisition of 1-800 Radiator, the largest franchised automotive parts distributor in North America. The purchase was through Roark’s Driven brands portfolio, which it added to its stable this past April.

The franchised automotive business is hot these days (read more HERE)—including suppliers, auto repair and collision repair—with acquisitions scooping up many of the mom-and-pop-type shops throughout the category.

1-800 Radiator provides replacement parts for radiators, cooling units and fuel pumps for more than 100,000 independent installers and repair shops. Its 206 locations generate more than $200 million in annual revenue.

With this purchase, Roark has acquired 44 multi-unit brands that collectively generate $17 billion in annual revenue through 20,000 locations operating in 50 states and 75 countries.

At this level of rapid consolidation in the automotive category, it’s likely that Roark will eventually be seeing more competition as it continues adding to its empire.

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The latest news, opinions and commentary on what's happening in the franchise arena that could affect your business.

Laura MichaelsLaura Michaels is editor of Franchise Times. She can be reached at 612.767.3210, or send story ideas to lmichaels@franchisetimes.com.
 
Beth EwenBeth Ewen is senior editor of Franchise Times. She can be reached at 612.767.3212, or send story ideas to bewen@franchisetimes.com.
 
Nicholas UptonNicholas Upton is restaurants editor at Franchise Times. He can be reached at 612.767.3226, or send story ideas to nupton@franchisetimes.com.
 
Mary Jo LarsonMary Jo Larson is the publisher of Franchise Times Magazine and the Restaurant Finance Monitor.  You can find her on Twitter at
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