Pushed Manufacturers turns into the second largest participant in U.S.

• Pushed Manufacturers considerably provides to U.S. nationwide presence and cell capabilities with the acquisition of Auto Glass Fitters

• Addition of Auto Glass Fitters enhances Pushed Manufacturers’ capabilities in larger margin companies similar to auto glass calibration

• Pushed Manufacturers’ North American Glass footprint has quadrupled in lower than a 12 months after coming into the $5 billion U.S. auto glass market in early fiscal 2022

CHARLOTTE, N.C., Sept. 08, 2022 (GLOBE NEWSWIRE) — Pushed Manufacturers Holdings Inc. (NASDAQ: DRVN) (“Pushed Manufacturers” or the “Firm”) right now reported the acquisition of Auto Glass Fitters, making it the second largest participant within the U.S. auto glass restore, substitute, and calibration class after coming into the U.S. market in early fiscal 2022. This additional densifies the Firm’s East Coast presence in auto glass companies and considerably provides to its cell capabilities.

The $5 billion and rising auto glass companies market has been a strategic development focus for Pushed Manufacturers, and this acquisition enhances its presence on this extremely fragmented, needs-based class. Leveraging operational experience from its Canadian auto glass servicing enterprise and its present blueprint for development throughout segments like Fast Lube and Automotive Wash, the Firm has used its deep experience in M&A to kickstart development within the U.S. auto glass servicing market. On the similar time, Pushed Manufacturers has constructed a sturdy pipeline of greenfield glass places, utilizing its confirmed playbook in actual property and growth. With the addition of Auto Glass Fitters, the Firm now serves prospects throughout over 160 places and virtually 700 cell models throughout 41 states after coming into the U.S. market lower than a 12 months in the past.

Now a part of the broader Pushed Manufacturers glass portfolio, the Auto Glass Fitters enterprise can have entry to sturdy shared service capabilities like information analytics, direct-to-consumer advertising and marketing, procurement, and business buyer relationship administration together with the Firm’s insurance coverage and fleet relationships.

“We now have vital momentum throughout our auto glass service enterprise, propelling us to shortly turn out to be one of many dominant gamers within the class. Auto Glass Fitters has been on an unbelievable development trajectory rising gross sales 25{7e44665ad31c7163a3225b5cdeca12ae8e1ba5a9651d05b2285576263eb8f3ac} year-over-year with over 100{7e44665ad31c7163a3225b5cdeca12ae8e1ba5a9651d05b2285576263eb8f3ac} development in glass calibration and we’re thrilled so as to add one other phenomenal workforce to our rising Pushed Glass household,” mentioned Michael Macaluso, EVP and group president of Paint, Collision, and Glass. “Glass continues to be one among our focus areas of development given its extremely compelling economics together with gross sales, 4-Wall EBITDA margins, and cash-on-cash returns. As we scale our already quickly rising nationwide presence, we now have a large alternative to unlock the B2B potential by extending our glass companies to our present insurance coverage, fleet, and different business relationships – furthering the already compelling economics of this enterprise.”

Auto Glass Fitters has been in enterprise for greater than a decade and thru its dedication to skilled and environment friendly repairs, established a robust East Coast presence, together with service protection in over 35 states by a mixture of service places and cell models.

“I’m deeply grateful for all of the assist our Auto Glass Fitters household has supplied to the numerous communities we serve and for serving to develop the enterprise to turn out to be what it’s right now. I’m humbled to see how a lot we now have completed,” mentioned Auto Glass Fitters founder, Richard Rutta. “I’m excited to see what our wonderful workforce can obtain with the assets and capabilities that Pushed Manufacturers will convey to the enterprise.”

“We’ve demonstrated our means to construct and scale the glass enterprise, turning into a pacesetter within the class in such a brief interval, following our playbook for development,” mentioned Macaluso. “As soon as we additional scale our glass enterprise, we would be the solely participant within the class to supply a nationwide footprint for paint, collision, and glass companies collectively.”

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About Pushed Manufacturers

Pushed Manufacturers™, headquartered in Charlotte, NC, is the most important automotive companies firm in North America, offering a spread of client and business automotive wants, together with paint, collision, glass, car restore, oil change, upkeep and automotive wash. Pushed Manufacturers is the dad or mum firm of a few of North America’s main automotive service companies together with Take 5 Oil Change®, Take 5 Automotive Wash®, Meineke Automotive Care Facilities®, Maaco®, 1-800-Radiator & A/C®, and CARSTAR®. Pushed Manufacturers has greater than 4,500 places throughout 15 international locations, and companies over 50 million automobiles yearly. Pushed Manufacturers’ community generates greater than $1.7 billion in annual income from greater than $5.0 billion in system-wide gross sales.

Our Paint, Collision & Glass phase is comprised of our automotive collision restore service manufacturers, ABRA, CARSTAR, and Repair Auto USA; our 50-year legacy automotive paint model, Maaco; and our a number of North American glass restore, substitute, and calibration manufacturers, together with UniglassPlus, VitroPlus, Auto Glass Now, All Star Glass and Jack Morris Auto Glass. These companies serve retail, insurance coverage, and fleet prospects, and supply third-party auto glass claims administration options for the Canadian market.

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