Charlotte-based MAACO, part of the Driven Brands group of automotive companies, has acquired Hahira, GA-based Sprayglo Auto Refinishing & Body Repair, a chain of seven shops located in Georgia, Alabama, Mississippi and Florida. The move increases MAACO’s presence in the Southeast and is part of the company’s long-term growth strategy.
“We are committed to growing our presence through acquisitions of other brands or independents which can accelerate our exposure and growth,” said Jose Costa, president, MAACO. “Sprayglo has a compelling business model and outstanding unit economics in the region.”
MAACO franchisee Mulford Waldrop will purchase five of the existing Sprayglo shops once the transaction is complete. Each of these shops will be converted into MAACO centers within six months.
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