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Things are revving up in the automotive franchise world. Roark Capital recently announced the acquisition of Driven Brands, a franchise automotive company, from Harvest Partners. Driven Brands' Jonathan Fitzpatrick is set to remain as company CEO. &#8220;This is an exciting day for Driven Brands and our family of franchisees,&#8221; Fitzpatrick said in a statement. &#8220;Roark Capital brings us deep experience investing in growth consumer and franchise businesses, and their understanding of the importance of the franchisor-franchisee relationship makes them the right investment partner for all of our stakeholders.&#8221; Roark Capital has acquired 42 multi-unit brands generating annual system revenues of nearly $17 billion. Meanwhile, Driven Brands manages numerous auto companies, pulling in annual system revenues of approximately $1 billion. &#8220;We are very excited to welcome Driven Brands to the Roark Capital family,&#8221; said Neal Aronson, managing partner of Roark Capital. &#8220;We have great admiration for the franchisees who have made these iconic brands so successful, and are thrilled to contribute to their future growth.&#8221;

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Franchise-focused private equity firm adds Driven Brands to list of acquisitions.

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