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Article: GE Provides $79.5 Million Credit Facility to Market Leader in Franchised Auto Body Repair and Painting.(Company overview)
- Article from:
- Business Wire
- Article date:
- December 1, 2008
CopyrightCOPYRIGHT 2008 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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NORWALK, Conn. -- GE Antares Capital today announced it served as administrative agent for a $79.5 million senior secured credit facility to support the acquisition of Maaco Franchising by Driven Brands, the parent company of Meineke Car Care Centers, Econo Lube N' Tune, AutoQual, Aero Colours, Drive N Style, and Tortal.net. Driven Brands is a portfolio company of Carousel Capital's third investment fund, Carousel Capital Partners III.
Founded in 1972, Maaco is a franchisor of auto body repair and painting with 47% of the US automotive production paint market and nearly 500 franchise centers operating in the U.S. and Canada. Maaco leads the industry with ...