March 21, 2023

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Driven Brands rings Nasdaq closing bell – Tire Business

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NEW YORK — Executives of Powered Brands Holdings Inc . rang the Nasdaq shutting bell in Times Square on Jan. 13, in honor of the company’s two-year listing anniversary.

Driven Brands is the franchisor of several automotive service chains including Meineke Car Care Centers and Take 5 Oil Change.

Before ringing the particular closing bell, CEO Jonathan Fitzpatrick said, “We are focused on reshaping the industry — making it faster, friendlier, and more convenient for our customers. We are simplifying car care so our customers can focus on the particular road ahead. ”

He noted that it’s an “honor and a privilege” to serve millions of clients a year, which he said was due to the hard work of Driven’s employees and “incredible franchise partners. ”

“Driven’s trajectory has accelerated since we’ve gone public — gaining more share and providing a lot more services in order to more customers, ” Fitzpatrick said.

Several members of the Driven Brands leadership team joined Fitzpatrick to ring the closing bell.

“Driven Brands is one of the best-performing IPOs of 2021, congratulations. … We look forward to continuing to watch Driven Manufacturers grow plus innovate as a Nasdaq-listed company, ” Chris Dearborn associated with Nasdaq stated,

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