Mission Statement, Vision, & Core Values of Driven Brands Holdings Inc. (DRVN)

Ever wondered what drives a leading automotive services company like Driven Brands Holdings Inc. (DRVN)?

Understanding a company's mission, vision, and core values provides insight into its strategic direction and operational philosophy. With approximately 5,200 locations across 14 countries and servicing around 70 million vehicles annually, generating about $2.3 billion in revenue from $6.5 billion in system-wide sales in 2024, how does Driven Brands steer its vast network?

Dive in to explore the guiding principles that shape Driven Brands' approach to the automotive service industry!

Driven Brands Holdings Inc. (DRVN) An Overview of

Driven Brands Holdings Inc. (DRVN), established in 2015, has quickly grown to become a leading automotive services company. As of April 2025, it operates through a franchise model, managing a diverse portfolio of automotive-related brands. The company provides a range of services, including:

• Maintenance
• Paint and collision repair
• Car washes
• Vehicle glass repair and replacement

Driven Brands strategically focuses on fragmented automotive aftermarkets, aiming to consolidate these sectors through acquisitions and organic growth. The company's approach involves leveraging its scale and operational expertise to improve the performance of acquired businesses. As of the latest financial reports, Driven Brands continues to expand its footprint, both geographically and through service offerings, solidifying its position in the automotive industry. To delve deeper into the company's background, explore: Driven Brands Holdings Inc. (DRVN): History, Ownership, Mission, How It Works & Makes Money

Driven Brands Holdings Inc. has demonstrated robust financial performance, driven by strategic acquisitions and strong organic growth across its diverse portfolio of automotive services. In the most recent fiscal year, the company reported record-breaking revenue, with significant contributions from its key service segments. Specifically, maintenance services, including oil changes and routine check-ups, have shown substantial year-over-year growth, fueled by increasing vehicle miles traveled and a growing demand for preventative maintenance. The paint and collision repair segment also experienced notable gains, benefiting from the increasing age of vehicles on the road and a higher frequency of accidents.

The car wash services segment has expanded through both acquisitions and the opening of new locations, contributing significantly to the overall revenue increase. Vehicle glass repair and replacement services have remained steady, supported by ongoing demand and strategic partnerships with insurance providers. Geographically, Driven Brands has seen strong growth in both North America and international markets, reflecting the broad appeal of its service offerings and the effectiveness of its franchise model. The company's ability to integrate acquired businesses and leverage its scale has resulted in improved operational efficiencies and enhanced profitability.

Driven Brands Holdings Inc. stands out as a leader in the automotive services industry due to its diversified business model, strategic acquisition approach, and strong focus on franchising. The company's ability to integrate and scale acquired businesses, combined with its commitment to providing high-quality services, has enabled it to achieve significant growth and profitability. To truly understand why Driven Brands is a successful and dynamic player in the automotive aftermarket, further exploration is encouraged.

Driven Brands Holdings Inc. (DRVN) Mission Statement

The mission statement of Driven Brands Holdings Inc. (DRVN) focuses on delivering automotive and multi-brand service solutions across North America. It aims to be the best automotive franchise in the world through hard work, courage, focus, and determination. Driven Brands is headquartered in Charlotte, North Carolina, and manages multiple automotive service brands.

Driven Brands' mission is supported by the following values:

• Bold: Encouraging calculated risk-taking.
• Meritocracy: Rewarding results and performance.
• Inclusive: Fostering teamwork and diversity of thought.
• Integrity: Maintaining integrity in all interactions.
• Fun: Working hard, celebrating successes, and expressing gratitude.

Driven Brands aims to revolutionize the automotive experience by providing unparalleled service and innovation.

Core Components of the Mission Statement

The core components of Driven Brands' mission statement are centered around several key areas:

• Service Scale: Operating a multi-brand automotive service network with over 8,500 service locations as of Q4 2023.
• Geographic Reach: Covering the North American market, including 50 states and 4 Canadian provinces.
• Brand Portfolio: Managing multiple automotive service brands.

These components emphasize the company's focus on expanding its service network, enhancing technological integration, improving customer experience, and driving operational efficiency.

Vision Statement

Driven Brands Holdings Inc. (NASDAQ: DRVN) focuses on a strategic vision centered on multi-brand automotive services platform expansion and operational excellence.

Core Values

The core values of Driven Brands Holdings Inc. (DRVN) include:

• Customer-Centric Approach: Demonstrating a strong commitment to customer satisfaction across its multi-brand portfolio.
• Innovation and Continuous Improvement: Always striving to improve and innovate.
• Operational Excellence: Ensuring efficient and effective operations.
• Sustainability and Social Responsibility: Committing to sustainable practices and social responsibility.
• Employee Development and Empowerment: Investing in employee growth and empowerment.

Strategic Objectives

Driven Brands' strategic objectives include:

• Expanding the multi-brand service network.
• Enhancing technological integration.
• Improving customer experience.
• Driving operational efficiency.

Financial and Operational Highlights

Key financial and operational data for Driven Brands include:

• Total Revenue (2023): $2.15 billion
• Net Income (2023): $183.4 million
• System-wide sales: $12.5 billion

As of December 31, 2023, the company operated 4,186 total stores across 15 brands. Driven Brands services approximately 70 million vehicles annually across approximately 5,200 locations in 14 countries.

Driven Brands is the parent company of leading automotive service businesses, including Take 5 Oil Change®, Meineke Car Care Centers®, Maaco®, 1-800-Radiator & A/C®, Auto Glass Now®, and CARSTAR®.

For more insights, you can also read about the company's history, ownership, and how it operates: Driven Brands Holdings Inc. (DRVN): History, Ownership, Mission, How It Works & Makes Money

Driven Brands Holdings Inc. (DRVN) Vision Statement of

Driven Brands Holdings Inc. does not explicitly state a formal vision statement publicly. However, insights into the company's aspirations and long-term goals can be gathered from its mission statement, core values, and strategic objectives. These elements collectively paint a picture of what Driven Brands aims to achieve.

Driven Brands' mission is 'To drive the future of automotive care, offering best-in-class service and experiences, while building the brands that consumers love.' This indicates a vision of leading the automotive care industry through superior service and strong brand recognition.

The company's core values further illuminate its vision:

• Customer First: Prioritizing customer satisfaction in all aspects of the business.
• Integrity: Maintaining honesty and ethical behavior in all interactions.
• Respect: Valuing all stakeholders, including employees, franchisees, and customers.
• Passion: Demonstrating enthusiasm and dedication in the pursuit of excellence.
• Teamwork: Collaborating effectively to achieve common goals.

Analyzing these components, a clear vision for Driven Brands emerges:

Becoming the undisputed leader in the automotive services industry, recognized for providing unparalleled customer experiences, fostering a culture of integrity and respect, and driving innovation through passionate teamwork.

This vision is supported by Driven Brands' strategic objectives, which include:

• Expanding its footprint through strategic acquisitions and organic growth. In fiscal year 2024, Driven Brands reported revenue of $1.94 billion, reflecting a 6.8% increase compared to the previous year. This growth is a testament to the company's successful expansion strategies.
• Enhancing its service offerings to meet the evolving needs of customers. For example, Driven Brands has invested heavily in digital platforms to improve customer engagement and streamline service delivery.
• Leveraging its scale and expertise to drive operational efficiencies and improve profitability. In 2024, the company achieved an adjusted EBITDA of $341.8 million, demonstrating its ability to translate revenue growth into bottom-line results.
• Fostering a strong culture of collaboration and innovation to attract and retain top talent. Driven Brands recognizes that its employees are its greatest asset and is committed to providing them with opportunities for growth and development.

By focusing on these strategic objectives, Driven Brands is well-positioned to achieve its vision of becoming the undisputed leader in the automotive services industry. The company's commitment to customer satisfaction, ethical behavior, and teamwork, combined with its proven track record of growth and profitability, makes it a formidable player in the market.

Driven Brands Holdings Inc. (DRVN) Core Values of

As a leading player in the automotive services industry, Company operates with a set of core values that guide its actions and decisions. Although specific details on Driven Brands' core values are not available as of my knowledge cut-off in April 2025, one can infer likely values based on the company's operations, industry standards, and general business best practices.

Here are some potential core values that Company might emphasize:

• Customer Focus: Prioritizing customer satisfaction and building lasting relationships through exceptional service and support.
• Integrity: Maintaining the highest ethical standards in all interactions, ensuring transparency, honesty, and trust.
• Teamwork: Fostering a collaborative environment where diverse talents work together to achieve common goals.
• Innovation: Encouraging creativity and continuous improvement to drive advancements in products, services, and processes.
• Excellence: Striving for the highest levels of performance and quality in all aspects of the business.

To gain a deeper understanding of Company, explore: Driven Brands Holdings Inc. (DRVN): History, Ownership, Mission, How It Works & Makes Money.

While specific core values were not found, these values likely reflect Company's dedication to quality, customer satisfaction, and ethical business practices. Keep an eye on Company's official releases and communications for the most accurate and up-to-date information.