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Report: Roark Capital mulls sale of automotive services franchiser Driven Brands

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Report: Roark Capital mulls sale of automotive services franchiser Driven Brands

Roark Capital is in talks with advisers about a potential auction of Driven Brands Inc. in the fourth quarter, Bloomberg News reported, citing people with knowledge of the plans.

The automotive services franchiser, which could sell for up to $2 billion, could attract interest from other buyout firms, the sources told the news outlet.

The private equity owner has not yet finalized a decision about the sale and could still choose to keep the company, they added.

Roark was not available for comment, while Driven did not comment on the matter, according to Bloomberg.