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logo, company name

has been recapitalized by

a black and white sign

Drive is a leading, full-service operator of automotive repair shops.

a car on a lift

Drive Automotive Services

Type

M&A Sell-Side

Industries

Consumer
logo, company name

has been recapitalized by

a black and white sign

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.