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MAACO

 
Hoover's Profile: MAACO Franchising, Inc.
Contact Information
MAACO Franchising, Inc.
381 Brooks Rd.
King of Prussia, PA 19406
PA Tel. 610-265-6606
Fax 610-337-6113

Type: Private
On the web: http://www.maaco.com
Employees: 180

MAACO Franchising offers relief from chips, dings, dents, and other auto body blemishes. The company franchises about 500 MAACO Collision Repair & Auto Painting shops throughout the US and in half a dozen Canadian provinces. The company does business with vehicle fleet operators as well as with individuals. Fleet clients include ARAMARK, DHL, and Enterprise Rent-A-Car. MAACO estimates that its franchisees have painted more than 16 million vehicles since the company was founded in 1972. It was sold in late 2008 to Driven Brands, owner of Meineke Car Care Centers and several other automotive service chains.

Key numbers for fiscal year ending June, 2008:
Sales: $67.2M

Officers:
President: David Lapps
CFO and Treasurer: Automotive Service & Collision Repair

Competitors:
1-Day Paint & Body
Caliber Holdings
Earl Scheib

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Wikipedia: MAACO
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MAACO Collision Repair & Auto Painting
Type Private
Founded 1972
Founder(s) Anthony A. Martino,Daniel I. Rhode
Headquarters 381 Brooks Road
King of Prussia, Pennsylvania
Products Collision repair, auto painting
Revenue 60.3 million[1]
Net income 13.5 million[1]
Website www.maaco.com

MAACO Collision Repair & Auto Painting is an American corporation based in King of Prussia, Pennsylvania that was founded in 1972 by Anthony A. Martino and Daniel I. Rhode

Contents

History

Ten years before MAACO's founding, Martino had launched AAMCO Transmissions with partner Robert Morgan. He created both names by using the first letter from his name (Anthony A. Martino).

In 1967, with close to 500 stores in operation, Martino sold AAMCO to Morgan.

In 1972, Martino opened a pilot auto painting center Wilmington, Delaware. He chose the name MAACO (Martino, Anthony A. and Co.) to instill confidence in potential franchisees who knew of AAMCO’s success.[citation needed] The new company grew quickly, with close to 200 franchises open in less than five years. In October, 2008, Driven Brands of Charlotte, N.C., a holding company which owns Meineke Corporation (www.drivenbrands.com) as well as Econo Lube and other, smaller auto service related concerns, bought all of Maaco from the Anthony A. Martino trust as Tony Martino died on January 27, 2008. The financial terms of the deal were not disclosed.

Advertising campaign

Through the 1980s and 1990s, the company ran a television and radio add campaign featuring the slogan "Uh oh, better get Maaco".[2]

MAACO is the current sponsor of the Maaco Bowl Las Vegas.

Company details

A typical Maaco center

Since 1972, Maaco has repaired some 16.5 million vehicles. The company currently has 475 bodyshop locations across North America. Maaco has trademarked the term North America’s Bodyshop[3]. The franchises provide auto paint and auto body repair services for over 650,000 vehicles a year, more than any other paint and body repairer. Production systems and bulk buying arrangements allow franchises to charge less than independent shops and dealerships.

The Maaco single-source fleet repair system’s cost metrics and centralized billing target fleets, leasers, accident management companies and government agencies. Clients include Aramark, DHL, Enterprise Car Rental and the United States Postal Service.

The King of Prussia, Pennsylvania, based franchisor certifies stores that meet its quality, uniform national identity and other requirements. More than 200 centers are certified, with the rest expected to undergo and pass inspection by mid-2009.

References

  1. ^ a b Hoover's - MAACO Financial Information - Financials
  2. ^ MAACO Announces 10 Millionth Vehicle Painted
  3. ^ US Patent Office Trademark 77263657

External links


 
 

 

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Hoover's Profile. ©2008 Hoover's, Inc. All rights reserved.  Read more
Wikipedia. This article is licensed under the Creative Commons Attribution/Share-Alike License. It uses material from the Wikipedia article "MAACO" Read more