Dividend Power Score
A single, comprehensive score designed to measure the true strength of a company’s dividend.
This score combines three essential pillars of dividend quality:
Consistency – Measures how reliable the dividend has been over time, focusing on payment history, stability, and the absence of cuts or suspensions.
Payability – Assesses the company’s financial ability to sustain its dividend, taking into account cash flow, earnings coverage, balance sheet strength, and overall financial health.
Growth – Evaluates the long-term growth of both the dividend and the company’s share price, highlighting businesses that consistently increase payouts while creating shareholder value.
Higher scores identify companies that have historically delivered dependable income alongside sustained dividend growth and long-term capital appreciation.
Company Overview
Driven Brands Holdings Inc. is a North American automotive services company that operates in the aftermarket automotive maintenance and collision repair industries. The company provides essential, non-discretionary vehicle services through a portfolio of franchised brands, generating revenue primarily from royalties, franchise fees, and company-operated locations. Its business model emphasizes scale, recurring customer demand, and standardized service offerings across well-known brands.
The company’s primary revenue drivers include oil change and maintenance services, collision repair, paint, body, and glass services, and automotive repair and replacement services. Driven Brands serves both individual consumers and commercial fleet customers, positioning itself as a consolidator in a highly fragmented aftermarket sector. The company evolved through decades of brand development and acquisitions, culminating in its public listing in 2021, with roots tracing back to the establishment of Meineke in 1972 and subsequent expansion into a multi-brand automotive services platform.
Business Operations
Driven Brands operates through distinct business segments, primarily Maintenance, Car Wash, and Paint, Collision & Glass, with revenue generated through franchise royalties, advertising fund contributions, and company-owned operations. Key franchised brands include Take 5 Oil Change, Meineke, Maaco, CARSTAR, ABRA, and Fix Auto USA, each serving specific segments of the automotive aftermarket value chain. The Take 5 Oil Change brand is a significant growth engine and includes both franchised and company-operated locations.
The company’s operations span both domestic and international markets, with the majority of revenue derived from the United States. Driven Brands controls proprietary operating systems, brand standards, and marketing platforms that support franchisees. Its portfolio includes wholly owned subsidiaries corresponding to each major brand, and the company maintains strategic relationships with insurance carriers, fleet operators, and parts suppliers to support its collision and maintenance businesses.
Strategic Position & Investments
Driven Brands’ strategy focuses on unit growth, same-store sales expansion, and accretive acquisitions within the fragmented automotive services industry. The company has historically pursued growth through the acquisition and integration of established brands, strengthening its scale and cross-brand operational efficiencies. Notable past acquisitions include CARSTAR, ABRA, and Fix Auto USA, which expanded its footprint in the collision repair sector.
The company continues to invest in technology-enabled service models, particularly in fast oil change formats and digital customer engagement tools. Strategic priorities include expanding company-operated Take 5 Oil Change locations, enhancing franchisee profitability, and leveraging data and procurement scale. Driven Brands also emphasizes resilience through exposure to non-discretionary vehicle services that benefit from long-term vehicle parc growth and aging vehicles.
Geographic Footprint
Driven Brands is headquartered in Charlotte, North Carolina, and operates primarily across North America, with a strong concentration in the United States. Its brands collectively maintain thousands of locations across the United States and Canada, giving the company one of the largest automotive services footprints on the continent.
Internationally, the company has a more limited but growing presence, including operations and franchise locations in Canada and select international markets through Fix Auto and CARSTAR brand affiliations. While North America remains the core market, the company’s international operations provide incremental growth opportunities and brand visibility beyond the U.S.
Leadership & Governance
Driven Brands is led by an executive team with extensive experience in franchising, automotive services, and multi-unit consumer businesses. The leadership team emphasizes operational discipline, brand consistency, and long-term shareholder value creation through scalable growth and disciplined capital allocation.
Key executives include:
- Jonathan Fitzpatrick – President & Chief Executive Officer
- Daniel Rivera – Executive Vice President & Chief Operating Officer
- Michael Diamond – Executive Vice President & Chief Financial Officer
- Gordon Morrison – Executive Vice President, Maintenance
- Kevin Ravellette – Executive Vice President, Paint, Collision & Glass
The leadership philosophy centers on leveraging scale advantages, supporting franchisees, and maintaining a portfolio of market-leading brands in essential automotive service categories.