Wednesday, September 8, 2021


Silver Oak Companies Companions Broadcasts Recapitalization of Drive Automotive Companies | Information

EVANSTON, Unwell., Sept. 8, 2021 /PRNewswire/ — Silver Oak Companies Companions, LLC (“Silver Oak”), a number one decrease center market non-public…

By Staff , in Silver , at September 8, 2021


EVANSTON, Unwell., Sept. 8, 2021 /PRNewswire/ — Silver Oak Companies Companions, LLC (“Silver Oak”), a number one decrease center market non-public fairness agency targeted completely on enterprise, healthcare and shopper service companies, introduced right this moment that it has led the recapitalization of Drive Automotive Companies, LLC (“Drive” or the “Firm”).

Drive, headquartered in Atlanta, GA, is a number one, full-service operator of automotive restore retailers, serving over 120,000 automobiles yearly.  The Firm has 22 automotive restore websites throughout the U.S., in engaging, high-growth metropolitan markets together with Atlanta, Denver, Houston, Knoxville and Phoenix below a handful of working banners.  Drive and its workforce of over 120 service technicians present a whole suite of automotive upkeep and restore companies to all main car manufacturers, with a relentless concentrate on customer support and expertise.

“That is an thrilling time for Drive as we have skilled important development lately.  We’re delighted to companion with Silver Oak as we glance to increase our footprint.  Silver Oak brings intensive expertise in scaling multi-site platforms like ours, which shall be invaluable as we execute on our development technique,” said Rissy Sutherland, CEO & President of Drive.

Wade Glisson, Associate at Silver Oak, added, “We’re thrilled to companion with Rissy and the remainder of the Drive workforce.  Over the previous a number of years they’ve developed well-established manufacturers throughout a pretty regional footprint with a differentiated working mannequin.  We sit up for supporting the workforce within the subsequent part of the Firm’s development.”

Please contact Dan Gill, Wade Glisson or Molly Martin of Silver Oak for extra info.

About Silver Oak Companies Companions

Based in 2005 and primarily based in Evanston, IL, Silver Oak Companies Companions, LLC (www.silveroaksp.com) is a lower-middle market non-public fairness agency targeted on partnering with distinctive administration groups to construct business main enterprise, shopper and healthcare service firms.  Silver Oak makes use of a proactive, research-led funding course of to determine engaging companies sectors and hunt down the very best potential administration groups and funding alternatives.  Silver Oak seeks to make management investments in main service companies with $15 to $150 million in income. The agency is at the moment investing out of its fourth fund, a $500 million funding car.

Contact:

Chris Tofalli

Chris Tofalli Public Relations, LLC

914-834-4334

Cision View authentic content material:https://www.prnewswire.com/news-releases/silver-oak-services-partners-announces-recapitalization-of-drive-automotive-services-301371082.html

SOURCE Silver Oak Companies Companions, LLC





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