Silver Oak Services Partners recapitalises Drive Automotive Services
Silver Oak Services Partners (Silver Oak), a lower middle market private equity firm focused exclusively on business, healthcare and consumer service businesses, has led the recapitalisation of Drive Automotive Services (Drive).
Drive, headquartered in Atlanta, Georgia, is a full-service operator of automotive repair shops, serving over 120,000 vehicles annually. The Company has 22 automotive repair sites across the US, in attractive, high-growth metropolitan markets including Atlanta, Denver, Houston, Knoxville and Phoenix under a handful of operating banners. Drive and its team of over 120 service technicians provide a complete suite of automotive maintenance and repair services to all major vehicle brands, with a relentless focus on customer service and experience.
“This is an exciting time for Drive as we’ve experienced significant growth in recent years. We are delighted to partner with Silver Oak as we look to expand our footprint. Silver Oak brings extensive experience in scaling multi-site platforms like ours, which will be invaluable as we execute on our growth strategy,” says Rissy Sutherland, CEO & President of Drive.
Wade Glisson, Partner at Silver Oak, adds: “We are thrilled to partner with Rissy and the rest of the Drive team. Over the past several years they have developed well-established brands across an attractive regional footprint with a differentiated operating model. We look forward to supporting the team in the next phase of the Company’s growth.”