The BB&T Capital Markets Financial Sponsors Group is dedicated to developing and maintaining long-term relationships with the industry's leading middle market private equity firms. Our team combines its deep understanding of the private equity community with industry expertise and capital markets capabilities to maximize value for our clients. Our Financial Sponsors Group also serves as an active source of investment ideas for the middle-market private equity community.
Among the results: In the past several years, more than 240 different private equity firms have submitted bids in our sell-side engagements.
BB&T Capital Markets served as the exclusive financial advisor to 1-800 Radiator and A/C, the largest franchised automotive parts distributor in North America, in its sale to Driven Brands, a leader in automotive service franchising and the parent company of such leading franchise brands as MAACO® and Meineke Car Care Centers®. Driven Brands is a portfolio company of Roark Capital Group.
“1-800 Radiator and A/C is a truly innovative platform in the automotive aftermarket,” said Rex Green, managing director in BB&T Capital Markets Automotive Aftermarket Group and head of Retail & Consumer investment banking. “The Company has transformed the aftermarket temperature control supply chain and as part of the Driven Brands family, we would expect it to continue to apply its advanced technology and business processes to other aftermarket products and services.”
“Having known the Company and its management team for a number of years and witnessed its growth into a national distribution platform first-hand, we are looking forward to watching its next phase of growth as part of Driven Brands,” added Jonathan Carey, managing director and head of BB&T Capital Markets’ Automotive Aftermarket Group.
The terms of the transaction are undisclosed.
We make connections between the middle market private equity community and a diverse array of clients.