September 08, 2021
Croft & Bender Serves as Financial Advisor to Drive Automotive Services in its Recapitalization by Silver Oak Services Partners
Croft & Bender, an Atlanta-based investment banking firm, is pleased to announce the successful recapitalization of its client, Drive Automotive Services (“Drive” or the “Company”), to Silver Oak Services Partners (“Silver Oak”).
Headquartered in Acworth, Georgia, Drive is a leading provider of automotive repair and maintenance services. The Company operates 22 locations across 5 attractive, high-growth geographic markets, including 4 of the top 20 MSAs in the U.S. The Company’s team of more than 120 highly skilled service technicians service more than 120,000 vehicles annually, offering a full range of automotive repair and maintenance services to all major vehicle brands.
Croft & Bender served as exclusive financial advisor to Drive on the transaction. "Croft & Bender has been a highly valued and trusted advisor throughout the transaction preparation and process. Their expertise and guidance effectively prepared and positioned the Company at each stage and were critical in achieving a phenomenal outcome for our shareholders, team members and customers” commented Drive President Rissy Sutherland. “We are delighted to partner with Silver Oak, which brings extensive experience in scaling multi-site platforms, as we look to expand our footprint.”
“It was a pleasure to work with Rissy and her team at Drive Automotive Services. They have built a truly differentiated platform in their industry and are poised for continued success in partnership with Silver Oak,” commented Neale Fisher, Managing Director at Croft & Bender.