Driven Brands recently announced its acquisition of ABRA Automotive Systems LP, the franchising subsidiary of ABRA Auto Body Repair of America (ABRA). According to the company, the move adds 55 franchised collision repair facilities to Driven Brands’ collision portfolio. The acquisition excludes corporately-owned ABRA facilities that were purchased by Caliber earlier this year.
The 55 franchised ABRA facilities will keep its current branding and join the newly-created collision vertical, housing both the CARSTAR and ABRA brands. The ABRA acquisition is a part of Driven Brands’ continued growth in the heavy collision repair space, beginning with the acquisition of CARSTAR, which has doubled in size since its initial acquisition in 2015, according to the company.
Michael Macaluso will oversee both CARSTAR and ABRA as the president of Driven’s newly-created Collision vertical. Dean Fisher will take on Macaluso’s previous role as the president of CARSTAR.
“With over 700 franchised heavy-collision shops in the Driven Brands portfolio, we believe Driven is a perfect home for the ABRA franchise system. Combining ABRA with our franchised collision repair expertise will allow the collision vertical to serve a broader base of customers and partners with industry-leading customer satisfaction and greater scale to the benefit of all the partners along the way,” said Jonathan Fitzpatrick, Driven Brands CEO.
The company notes, since affiliates of Roark Capital acquired Driven Brands in 2015, it has executed more than 30 acquisitions, including ABRA Auto Body Repair of America. Fueled by these acquisitions and strong organic growth, Driven Brands continues to expand across its automotive verticals, increasing the brands’ footprint to over 2,800 locations across North America.