EVANSTON, ill., September 8, 2021 / PRNewswire / – Silver Oak Services Partners, LLC (“Silver Oak”), a leading lower-middle market private equity firm focused exclusively on business, healthcare and consumer services, announced today she led the recapitalization of Drive Automotive Services, LLC (“Drive” or the “Company”).
Drive, headquartered at Atlanta, Georgia, is a leading full-service operator of auto repair shops, servicing more than 120,000 vehicles per year. The Company has 22 auto repair sites in the United States, in attractive and high-growth metropolitan markets, including Atlanta, Denver, Houston, Knoxville and Phoenix under a handful of operating banners. Drive and its team of more than 120 service technicians provide a full range of auto maintenance and repair services to all major vehicle brands, with an emphasis on service and customer experience.
“This is an exciting time for Drive as we have experienced significant growth in recent years. We are excited to partner with Silver Oak as we seek to expand our footprint. Silver Oak brings extensive experience in scaling multi-site platforms like ours, which will be invaluable in executing our growth strategy, ”said Rissy sutherland, CEO and President of Drive.
Wade Glisson, Partner at Silver Oak, added, “We are delighted to partner with Rissy and the rest of the Drive team. Over the past few years, they have developed well-established brands in an attractive regional footprint with a differentiated operating model. We look forward to supporting the team in the next phase of business growth. ”
Please contact Dan Gill, Wade Glisson Where Molly martin of Silver Oak for more information.
About Silver Oak Service Partners
Founded in 2005 and based in Evanston, Illinois, Silver Oak Services Partners, LLC (www.silveroaksp.com) is a lower mid-market private equity firm focused on partnering with exceptional management teams to build business, consumer and to leading health care. Silver Oak uses a proactive, research-driven investment process to identify attractive service sectors and seek out the best potential management teams and the best investment opportunities. Silver Oak is looking to make controlling investments in leading service companies with $ 15 To $ 150 million In income. The company is currently investing in its fourth fund, a $ 500 million investment vehicle.
Chris Tofalli Public Relations, LLC
SOURCE Silver Oak Services Partners, LLC