September 08, 2021
Croft & Bender Serves as Financial Advisor to Drive Automotive Services in its Recapitalization by Silver Oak Services Partners
has been recapitalized by
Drive is a leading, full-service operator of automotive repair shops.
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.
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.
Croft & Bender successfully negotiated the recapitalization of the Company led by Silver Oak Services Partners.