Driven Brands Holdings Inc. has acquired All Star Glass, A chain of 30 auto glass shops located primarily in California, Arizona, Texas and Nevada.
“We pride ourselves on offering simple, convenient solutions to the consumer and our glass services are no different,” says Jonathan Fitzpatrick, Driven Brands president and CEO, in the company statement. “We are drawn to the highly fragmented glass industry, the significant white space in terms of unit growth, and the very strong unit-level economics. We’re bullish on the opportunities in this powerful business making the All Star Glass acquisition an ideal investment for Driven Brands.”
As part of Driven Brands’ paint, collision and glass segment, All Star Glass will add 30 locations to the segment, and builds on Driven Brands’ existing footprint in North America of more than 300 glass locations in the U.S. and Canada.
“As our segment is rooted in family-owned and operated businesses, we understand the importance of building on what the Scharaga family started in 1977,” says Michael Macaluso, Driven Brands’ executive vice president and paint, collision, and glass group president, says in the statement. “We are excited to leverage our proven playbook of consistent and repeatable growth in the glass business so we can continue capturing market share.”
The auto glass repair market in North America is approximately $5 billion and growing, according to the company statement. Driven Brands’ acquisition of All Star Glass follows its acquisition of 79 Auto Glass Now stores across the U.S. on Dec. 30.
