has been recapitalized by
Drive is a leading, full-service operator of automotive repair shops.
Drive Automotive Services
Type
M&A Sell-Side
Description
Drive Automotive Services, a company comprising 22 automotive service and repair shops, engaged Croft & Bender to evaluate strategic alternatives. Croft & Bender built a financial model, developed marketing materials, conducted management presentations, managed the diligence process, and negotiated with investors. This comprehensive advisory service led to the successful recapitalization of Drive.
Industries
Consumer
has been recapitalized by
Drive is a leading, full-service operator of automotive repair shops.
About
Drive is comprised of 22 automotive service and repair shops across five attractive, high-growth geographic markets, including 4 of the top 20 MSAs in the U.S. The Company services over 12,000 vehicles annually. Drive's locations offer a complete suite of maintenance and repair services for all major vehicle brands. Meanwhile, the Company's operators employ a proven playbook that focuses on delivering a superior customer experience to that of its competitors.
Situation
Croft & Bender was engaged to help the Company evaluate strategic alternatives. Croft & Bender worked with the Company to build a financial model, develop marketing materials, conduct management presentations, manage the diligence process, and negotiate with investors.
Result
Croft & Bender successfully negotiated the recapitalization of the Company led by Silver Oak Services Partners.