The story
Meineke was founded in 1971 in Houston, Texas, by Sam Meineke. He started to franchise the name in 1972, with Harold Nedell. In 1983, GKN, a multinational British company, bought out Meineke Discount Mufflers. In 1986, the company headquarters moved to Charlotte, North Carolina.
In 2003, the same year Meineke Discount Muffler Shops, Inc. became Meineke Car Care Centers, Inc., Meineke became a privately held company, no longer publicly traded.
In January 2021 the parent company of Meineke, Driven Brands, had an IPO and began trading on NASDAQ with the ticker symbol DRVN. The collision repair franchise MAACO is also part of Driven Brands along with a variety of other automotive businesses.
As of March 2025, Roark Capital retained an approximately 44.8% stake in Driven Brands following the IPO, making it the company's controlling shareholder. In May 2026, activist investor ADW Capital Management publicly proposed acquiring all outstanding Driven Brands shares for $18 per share in cash, a 41% premium over the prevailing share price, alleging that Roark had prioritized other portfolio companies over Driven Brands.
From Wikipedia’s article on Meineke Car Care Centers, shared under CC BY-SA 4.0.4

