Take 5 Oil Change is a leading provider of quick and convenient oil change services across the United States and Canada. Known for its unique drive-through model and focus on customer convenience, Take 5 has earned a loyal customer base. But many people wonder—who owns Take 5 Oil Change?
The answer lies with Driven Brands Holdings Inc., a prominent player in the automotive service industry. Driven Brands, headquartered in Charlotte, North Carolina, owns and operates a variety of well-known automotive franchises, including Take 5 Oil Change. This article dives deeper into Driven Brands’ ownership, how it fits into the broader automotive ecosystem, and what this means for Take 5 customers.
Understanding the ownership and operational structure of a company like Take 5 Oil Change can help you appreciate the scale, resources, and reliability behind its services. Let’s explore how Take 5 fits into Driven Brands’ portfolio and why its ownership matters to customers.
What Is Take 5 Oil Change?
Take 5 Oil Change is a fast-growing chain specializing in quick oil changes and routine vehicle maintenance. Its drive-through service model allows customers to remain in their cars while technicians handle the oil change. The brand’s emphasis on speed, convenience, and customer service has set it apart in the automotive industry.
Founded in 1984 in Metairie, Louisiana, Take 5 has expanded rapidly in recent years. With over 800 locations across the U.S. and Canada, it is one of the largest quick-lube chains in North America.
Who Owns Take 5 Oil Change?
Take 5 Oil Change is owned by Driven Brands Holdings Inc., a publicly traded company listed on NASDAQ under the ticker symbol DRVN. Driven Brands acquired Take 5 in 2016 as part of its strategy to expand its footprint in the automotive service industry.
About Driven Brands Holdings Inc.
Driven Brands is one of the largest automotive service companies in the world. It operates a wide portfolio of automotive franchises, including:
- Take 5 Oil Change
- Meineke Car Care Centers
- Maaco Collision Repair and Auto Painting
- CARSTAR
- 1-800-Radiator & A/C
With a presence in over 15 countries, Driven Brands oversees more than 4,800 locations globally. Its focus on acquiring and growing automotive service franchises has made it a dominant force in the industry.
Why Did Driven Brands Acquire Take 5 Oil Change?
Driven Brands acquired Take 5 Oil Change to diversify its offerings and capitalize on the growing demand for quick, convenient automotive maintenance. The acquisition allowed Driven Brands to enter the quick-lube market, which complements its other services, such as collision repair and car care.
Benefits of the Acquisition
- Scalability: Take 5’s business model is highly scalable, making it a valuable asset for Driven Brands’ expansion plans.
- Customer Loyalty: Take 5’s focus on customer convenience aligns with Driven Brands’ commitment to providing exceptional service.
- Revenue Growth: The quick-lube market is a profitable segment of the automotive service industry, contributing significantly to Driven Brands’ revenue.
What Does This Mean for Customers?
For customers, the ownership by Driven Brands is a positive indicator. Driven Brands’ extensive resources and expertise in the automotive sector enable Take 5 Oil Change to maintain high standards of service, invest in new technologies, and expand its network of locations.
Key Benefits for Customers
- Consistent Service Quality: Backed by Driven Brands, Take 5 ensures consistent training and quality across its locations.
- Innovative Solutions: Driven Brands’ investment in technology has led to improvements in service delivery, such as online scheduling and enhanced diagnostic tools.
- Trust and Reliability: As part of a reputable parent company, Take 5 enjoys financial stability and operational support, which translates to better service for customers.
A Closer Look at Driven Brands’ Market Presence
Driven Brands is not just a parent company—it is a leader in the automotive service industry. Its diverse portfolio allows it to cater to a wide range of customer needs, from oil changes to collision repair. With annual revenue exceeding $2 billion, Driven Brands continues to grow its market share and influence.
Frequently Asked Questions About Take 5 Oil Change and Its Ownership
1. Who owns Take 5 Oil Change?
Take 5 Oil Change is owned by Driven Brands Holdings Inc., a publicly traded company based in Charlotte, North Carolina.
2. When did Driven Brands acquire Take 5 Oil Change?
Driven Brands acquired Take 5 Oil Change in 2016 as part of its strategy to expand into the quick-lube market.
3. What type of services does Take 5 Oil Change provide?
Take 5 specializes in quick oil changes, air filter replacements, wiper blade replacements, and other routine vehicle maintenance services.
4. How many Take 5 Oil Change locations are there?
Take 5 operates over 800 locations across the United States and Canada, with plans for continued expansion.
5. Is Take 5 Oil Change a franchise?
Yes, Take 5 operates under a franchise model, allowing entrepreneurs to own and manage individual locations under the brand’s guidelines.
6. What is unique about Take 5 Oil Change?
Take 5 offers a drive-through oil change service, allowing customers to remain in their vehicles while technicians perform the service quickly and efficiently.
7. What other brands does Driven Brands own?
In addition to Take 5 Oil Change, Driven Brands owns Meineke Car Care Centers, Maaco Collision Repair, CARSTAR, and 1-800-Radiator & A/C, among others.
8. Is Driven Brands publicly traded?
Yes, Driven Brands is publicly traded on NASDAQ under the ticker symbol DRVN.
9. Does Driven Brands’ ownership affect the quality of service at Take 5 Oil Change?
Driven Brands’ ownership ensures consistent service quality, access to advanced technologies, and well-trained staff across all Take 5 locations.
10. Can I franchise a Take 5 Oil Change location?
Yes, Take 5 Oil Change offers franchise opportunities. Interested individuals can apply through the brand’s official website to learn about the requirements and process.
Final Thoughts
Take 5 Oil Change, owned by Driven Brands Holdings Inc., benefits from the support and expertise of one of the largest automotive service companies in the world. For customers, this means reliable, high-quality service backed by a reputable parent organization.
Whether you’re a regular customer of Take 5 or considering their services for the first time, understanding its ownership provides insight into the company’s commitment to excellence and innovation. Backed by Driven Brands, Take 5 Oil Change is poised for continued growth and success in the automotive industry.
By choosing Take 5, you’re not just getting a quick oil change—you’re relying on a trusted brand supported by an industry leader.