Driven Brands Holdings Inc. raised $700 million in its initial public offering yesterday, selling almost 32 million shares, down from a planned 38 million, for $22 each. That's 19 percent higher than its initial range of $17 to $20. The IPO set a couple of records, too, according to BofA Securities, bookrunner on the deal.
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Jay Pandya spent the days after buying Boston Market, the rotisserie chicken restaurant chain that has seen fatter times, in a mad dash to get stores open again.
Training and a strong franchisor relationship drew Candice Winterringer to Take 5 Oil Change, where she says her ‘concise communicator' skills will help drive success.
Take 5 Oil Change is rolling out a franchising effort, after spending a couple of years building corporate stores.
Ted Rippey's family built the 1-800 Radiator franchise from “this rinky-dink, two-unit parts warehouse” into a 230-unit auto parts company they sold to Driven Brands in 2015. Now, Rippey heads franchising for another Driven-purchased brand, Take 5 Oil Change, and he's enjoying the well-capitalized rollout of the franchise effort.
Mercedes-Benz is one of many automakers reaching the finish line in the development of autonomous, self-driving technology that will shake up …