Driven Brands Takes Step to Acquire 1-800-Radiator & A/C

Driven Brands to Acquire 1-800-Radiator & A/C

1-800-Radiator & A/C has more than 200 franchisee-owned locations across the U.S. and Canada. The company distributes radiators, condensers, air conditioning parts, fan assemblies and fuel pumps and related parts.

From aftermarketNews.com.

Driven Brands, one of the leading franchisors in the automotive aftermarket, has entered into a merger agreement to acquire 1-800-Radiator & A/C, one of the largest franchised automotive parts distributors in North America.

1-800-Radiator & A/C has more than 200 franchisee-owned locations across the U.S. and Canada. The company distributes radiators, condensers, air conditioning parts, fan assemblies and fuel pumps and related parts, with same-day delivery in-stock rates higher than 90 percent across most part categories and 99 percent fill rates on most parts one day away.

“We are excited to welcome 1-800-Radiator to the Driven Brands family,” said Driven Brands CEO Jonathan Fitzpatrick. “1-800-Radiator is well-respected by its customers and franchisees alike – we look forward to leveraging their relationships and further developing synergies amongst our existing family of brands.”

Mike Rippey, co-founder and former CEO of 1-800-Radiator & A/C, added, “I am confident that joining Driven Brands will help 1-800-Radiator continue to grow and exceed the expectations of its more than 400,000 parts houses, repair and body shops and vendor partners.”

1-800-Radiator & A/C’s founders, Mike and Joe Rippey, will remain on board as advisers. Gabe Mendoza, who served as chief operating officer and chief financial officer for 1-800-Radiator & A/C, will transition into the role of president of the 1-800-Radiator & A/C division of Driven Brands.

“This is a great day for 1-800-Radiator’s family of franchisees,” said Mendoza. “Driven Brands’ ability to develop franchise businesses will allow 1-800-Radiator to enter its next stage of growth as we continue to provide best-in-class service to our customers at the most competitive prices.”

Driven Brands was recently acquired by affiliates of Atlanta-based private equity firm Roark Capital Group. The acquisition of 1-800-Radiator & A/C is the first of many strategic initiatives intended to grow and diversify the company.

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