Activist Hedge Fund Urges Driven Brands to Explore Sale or Break-Up

Activist hedge fund ADW Capital, which owns a 2.5% stake in Driven Brands, is pushing the automotive services provider to explore a sale or break-up. ADW accuses Driven's majority owner, Roark Capital, of mismanaging the business in a letter viewed by The Wall Street Journal. Roark acquired Driven in 2015 and took it public in 2021.