We are delighted to be a part of the Roark family.
Atkins Nutritionals Up For Sale - WSJ Jimmy still owns 35%. The firings came Our largest sector, food and restaurants, encompasses investments in brands such as: Inspire Brands (the owner of Arbys, Baskin Robbins, Buffalo Wild Wings, Dunkin, Jimmy Johns, and Sonic), Nothing Bundt Cakes, CKE Restaurants (the owner of Carls Jr and Hardees), FOCUS Brands (the owner of Auntie Annes Pretzels, Carvel Ice Cream, Cinnabon, Jamba, McAlisters Deli, Moes Southwest Grill, and Schlotzskys), Millers Ale House, Culvers, The Cheesecake Factory (the owner of North Italia and Flower Child), Jim N Nicks BBQ, and previously Corner Bakery, Il Fornaio, Naf Naf Middle Eastern Grill and Wingstop. NEW YORK OFFICE The Take 5 Oil Change management team will remain at the helm, and the headquarters will remain in New Orleans. We want CKE to reach their potential, just like all of Roarks other brands, he says. ABRA is a leading network of franchised automotive collision repair shops.
Buffalo Wild Wings Takes Flight On Buyout Offer Phone (404) 591-5200 FOCUS Brands is also the franchisor of Seattle's Best Coffee on certain military bases and in certain international markets. He now owns the Gulfstream G-IV with registration .
Roark Capital Group Acquires International Car Wash Group - PR Newswire Anon { relativeTimeResolver(1660511260487) }} LIVE Points 3.
Arby's owner Roark gobbles up Buffalo Wild Wings for $2.4 billion Schlotzsky's is a chain of quick casual restaurants offering made-to-order sandwiches, soups, salads and pizza. Since inception, affiliates of Roark have acquired 105 franchise/multilocation brands which generate approximately $70 billion in system revenues from ~67,700 locations located in 50 states and 89 countries. Roark ATLANTA OFFICE 1180 Peachtree Street NE Suite 2500 Atlanta, Georgia 30309 Phone (404) 591-5200 Fax (404) 591-5201 www.roarkcapital.com. In 1996 Take 5 designed the first "5 Minute Drive-Thru Oil Change" location. New York, NY 10022 Founder & Chief Executive Officer.
Buffalo Wild Wings' Owner Has Diverse Empire - Business Insider Moe's Southwest Grill is the neighborhood burrito place offering flavorful Southwestern fare with a healthy twist. Environmental, Social and Governance (ESG), HVAC (Heating, Ventilation and Air-Conditioning), Machine Tools, Metalworking and Metallurgy, Aboriginal, First Nations & Native American. The deal specifies that Ginsberg and Aronson are locked up for 60 days from trying to amass a controlling interest in Cheesecake. Our team will review your remarks prior to publishing. By the end of the first year under Roark leadership, 21 new menu items were added. CARSTAR is the largest franchise network of automotive collision repair shops in North America. www.roarkcapital.com, Roark Portfolio Employees Assistance Fund. Wendy's owns about 18.5 percent of Arby's, with their stake valued at around $325.9 .
The Untold Truth Of Miller's Ale House - Mashed.com The Company provides a comprehensive suite of services primarily to retail, fleet, and industrial consumers.
Inside Roark Capital | QSR magazine Jim N Nicks is a differentiated full-service restaurant chain that has been serving award-winning barbecue and Southern-inspired cuisine for over 30 years. Roark's current brands include Anytime Fitness, Arby's, Atkins Nutritionals, Batteries Plus Bulbs, CKE Restaurants (the owner of Carl's Jr. and Hardee's), Corner Bakery, Driven Brands (the owner of Maaco, Meineke, CARSTAR, 1-800-Radiator and Take 5 Oil Change), Drybar, FOCUS Brands (the owner of Auntie Anne's Pretzels, Carvel Ice Cream, Cinnabon, McAlister's Deli, Moe's Southwest Grill, and Schlotzsky's), Great Expressions Dental Centers, Il Fornaio, Jimmy John's, Jim 'N Nick's, Massage Envy, Miller's Ale House, Naf Naf Grill, Orangetheory Fitness, Pet Retail Brands (the owner of Pet Supermarket and Pet Valu), Primrose Schools and Waxing the City. Anytime Fitness is the largest fitness franchise in the world, with gym facilities open 24 hours a day, 365 days a year. Romaniello became the operating partner, and Hill was added as vice president of franchising and foodservice. ServiceMaster Brands is the parent company of ServiceMaster Restore, ServiceMaster Clean, Merry Maids, TWO MEN AND A TRUCK, AmeriSpec, and Furniture Medic. Naf Naf Grills website lists 39 locations in eight states, including Illinois, Indiana, Minnesota, New Jersey, Ohio, Pennsylvania, Tennessee and Wisconsin. An arm of Atlanta-based Roark Capital Group plans to buy ServiceMaster Brands for $1.55 billion within 30 to 60 days. The Cheesecake Factory is an iconic casual dining brand with best-in-class service and high-quality, made-from-scratch food across a diverse menu with over 250 items. It comes down to a few basic principles treat everyone the way you want to be treated, always do what you say, and always do what is right and long-term smart regardless of conventional wisdom, even when its really hard and when no one is looking. US Sports Camps is the nations leading youth sports camp company, serving more than 100,000 campers across 1,200+ camps in 48 states. In the book, the character doesnt bow to conventional wisdom and is seen as an authentic innovator. Orangetheory Fitness is one of the largest and fastest growing franchisors in the studio-based fitness market. Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world. Ron Ruggless | Oct 29, 2020. The firm seeks to invest in consumer and business service companies in the restaurant, specialty retail, consumer and business services, and health, wellness, and beauty sectors. Roark NEW YORK OFFICE 540 Madison Ave 37th Floor New York, NY 10022 Phone (212) 806-6000 Fax (212) 518-2028 www.roarkcapital.com Its holdings in the restaurant industry include investments in Arby's, Corner Bakery, Jimmy John's, Wingstop and FOCUS Brands, which owns chains such as Cinnabon and Schlotzsky's. The New Jersey State Investment Council, which manages investments in seven public pension funds, committed up to $100 million to the private equity firms latest fund in 2012 after the agencys staff cited Roarks impressive track record and strong returns. The brand offers 8- and 10-inch bundt cakes, Bundtlets and Bundtinis in multiple flavors that are hand-crafted and baked on-site. In the announcement, ServiceMaster says: "The transaction will position the . Roark focuses on middle-market investment opportunities through family-owned business transfers, anagement/corporate buyouts, recapitalizations, going-private transactions, and corporate divestitures. Visit Website.
Roark Vacation Resort | Better Business Bureau Profile Affiliates of Roark have acquired 55 franchise/multi-unit brands which generated approximately $21 billion in system revenues from 23,000 locations located in 50 states and 75 countries.
Roark Capital | LinkedIn The Company focuses on management of buy-outs, acquisitions, mergers, recapitalizations, restructuring, business transfers, corporate divestiture, and other situations.
Roark Capital Group Acquires Miller's Ale House - PR Newswire The purchases were financed primarily through Roarks first private equity fund. Basecamp Fitness is a growing network of fitness studios featuring high-intensity and high-energy workout sessions. Inspire operates Support Centers in Atlanta, Oklahoma City, Champaign, Minneapolis, and Canton, Massachusetts. 540 Madison Ave Bill Derwin, CEO of ICWG, said, "Roark brings a deep understanding of the consumer and an operational expertise that complements our business. Theres just one distinction: Two dozen black-framed notices of the private equity firms acquisitions dot the walls along the narrow sides of the room. They did some digging, and went straight to the source: Arby's Quality Assurance. Uniban is a leading network of glass repair and replacement service centers across North America. The deals became larger and more diversefast-casual, full-service, and quick-service restaurants, including some with company-owned units, not just franchisees. Media ContactBrandi Neloms, Sr. Communications Manager[emailprotected] 704-644-8151, Cision Distribution 888-776-0942 We earn trust by abiding by the highest moral standards and treating our investors, management teams, lenders, advisors, service providers and communities with dignity and respect. To this day, Wingstop is still under the Roark Capital Group. ATLANTA, Feb. 4, 2019 /PRNewswire/ -- Roark Capital, an Atlanta -based private equity firm focused on investing in multi-unit businesses, announced today . In 2016 Liautaud sold a majority share in the company to Roark Capital. When the company was sold in 2000, it had three brands and some 500 hotels in all 50 states and five countries. In addition to the franchise brands it owns, the Italian company also designs, makes and distributes fashion, luxury and sports eyewear under almost 20 brand names such as Ray-Ban . See Neal K Aronson's compensation, career history, education, & memberships. ATLANTA OFFICE Founded in 1988, U.S.
Roark Acquires Great Expressions Dental Centers Im not sure Id call ourselves experts at this point, but we certainly have a lot of years of study, learning about the industry and through our experiences.. Branson, MO 65616-2060. Ask the Restaurant Legal Professionals: What to Know When Hiring Minors, Starbucks' Next Big Innovation: Coffee Infused with Olive Oil, FDA Food Code Update, and its Impact on Quick Service, The Future of Fast Casual in 2023 and Beyond, 40 Million People Downloaded McDonalds App in 2022, Sweetgreen Alters Growth Strategy for Sake of Profitability, Legendary Pitmaster Pat Martin Comes Back Swinging, Pals Success and Longevity is Anything but Sudden, Jack in the Boxs Development Reaches Turning Point, Wendy's Entices Operators with New Investment Opportunity, How Restaurants Can Use Location Data to Boost Efficiency, 5 Ways Software Can Improve Restaurant Operations, Why its Time to Pay Attention to Loyalty Capture Rate, Focus Brands Exec Shares How to Transform Your Supply Chain, Experiential Offers Unlock True Loyalty for Restaurant Brands, Inside Smoothie Kings Transformation to a Healthy Lifestyle Brand, The Missing Puzzle Piece of the Workforce Crisis, How Restaurants Can Develop a Recession-Proof Recruitment Strategy, Burger King Parent CEO Jose Cil to Step Down, From Resignation to Retention: The Evolution of the Labor Market, FAT Brands Knows Exactly How to Remove its Debt, Starbucks Teases Game-Changer as Sales Rocket Higher, Chipotle Vet Forms Multi-Brand Platform for Rising Fast Casuals, South Block Grows Thanks to Strong Community Ties, Daddy's Chicken Shack Finds the Perfect Chemistry, Portillo's First Texas Unit is Earning $48K Per Day, Inside Steak n Shakes Winding Road Back, Dutch Bros Fine-Tunes Rewards Program, But Buzz Remains Same, We Asked AI How to Properly Open a Ghost Kitchen.
Billionaire Founder Of Jimmy John's Sells His Remaining - Forbes Fax (212) 518-2028 Roark has plenty of capital now for its companies needs and to make additional acquisitions, but Aronson can see a fourth private equity fund down the road. Affiliates of Roark have invested in 56 franchise/multi-unit brands which collectively generate $21 billion in annual system revenues from 23,000 locations in 50 states and 75 countries.
Who Owns Wingstop? How It Started - Under30CEO The following year, Focus Brands was formed to hold Roarks foodservice acquisitions. No, Sonic is owned by Sega, who debuted the character in "Sonic The Hedgehog" for their Genesis console in 1991. As of Dec 2022, the chains that the company owns and/or operates include: On this Wikipedia the language links are at the top of the page across from the article title. Roark Capital Group acquired 81.5% of Arby's Restaurant Group in July 2011 and is now a majority-owner of Inspire Brands. (417) 334-3196. Phone (404) 591-5200 ICWG is the largest car wash operator in the world, washing more than 35 million cars every year through more than 900 locations in 14 countries across Europe, the United States, and Australia. Stronger U is a digital, personalized nutrition-based health coaching services brand. Wingstop decided to go entirely public with an IPO (Initial Public Offering) of $19 for a share. Flower Child is a growing, fast casual restaurant offering a customizable menu, made fresh from scratch, featuring locally-sourced, all-natural and organic ingredients. Fax (404) 591-5201 Roark prides itself on partnering with entrepreneurs and executives who share this vision of growth and success across all stakeholders. Roark Capital Group Affiliates. [11][12] Arby's CEO Paul Brown was selected to continue as Inspire Brands CEO. Global network of franchises providing janitorial services, carpet cleaning, hard surface floor care, tile and grout cleaning, and upholstery cleaning. Similar Questions. Baseball Academy brings together college and high school coaches to provide camp programs to aspiring baseball and softball players across the United States. Today, we're one of the world's largest investment management organizations, managing $2.2 trillion.*.
Naf Naf Grill, investor group buy out Roark ownership Arby's owner Roark Capital Group said on Tuesday it would buy Buffalo Wild Wings Inc <BWLD.O> for $2.4 billion, . ORLANDO, Florida: Under recently reinstated CEO Bob Iger, Walt Disney Co. announced this week that it is cutting 7,000 jobs, or 3.6 percent of the company's global workforce, to save $5.5 billion in costs and seek to make its streaming business profitable. The Chicago-based company did not disclose terms of the deal or the identity of the investor group. In its 13 years in existence, Roark has sold only three companies. Owned by private equity firm Roark Capital Group, CKE Restaurants was founded in 1966 with the opening of Carl's Jr. Clean Franchise Brands : Year Formed: 2021: . Self Esteem Brands is the parent company of Anytime Fitness, Basecamp Fitness, The Bar Method, Waxing the City, Stronger U, and Healthy Contributions. The Bar Method is a leading low-impact studio fitness franchise with locations across the US and Canada. That step will leave him with 2.4 million shares. Finally, in 2015, the final answer to the previous question, who owned Wingstop? Prognosis explores health, wellness, and the ways in which modern science is allowing us to live better - in both the long term, and day-to-day, Londons Investment Appeal Is Unraveling as Arm Heads to the US, Climate Change Is Launching a MutantSeed Space Race, British Parents Turn to Home Equity to Help Young Buy Property, Sorry, Fed, Most US Mortgage Rates Were Locked in During Pandemic Lows, Fed Says MoreRate Hikes Are Needed to Curb Inflation, Retailers Fear High-Flying US Consumers Are Falling Back to Earth, Rivian Tells Staff EV Output May Be 24% More Than Forecast, US-Sanctioned Huawei Makes a Show of Force at Mobile Conference, In Blacklisting Inspur, US Targets Partner Used by Intel and IBM, The UK Is Using Drones to Prosecute Small-Boat Migrant Smugglers, China to Boost Defense Budget; EV Chiefs Give Advice: NPC Update, Philippine governor, 5 others killed in brazen attack, Harrods Shrugs Off Recession Fears as Rich Get Richer, FT Says, Wealthy NYC Family Feuds Over $258 Million Madison Avenue Sale, Tom Sizemore, 'Saving Private Ryan' Actor, Dies at 61, The Exhibit Reality TV Show PittingArtist Against ArtistIs No Masterpiece, Matt HancockWhatsApp LeakExposes theNeed for Covid Justice, Brexit Might Have Been Prevented With Deals Like This, Video Roundup: Opinions Must-See Footage of the Week, YellowstoneBackers Wanted to Cash OutThen the Streaming Bubble Burst, How Countries Leading on Early Years of Child Care Get It Right, Female Execs Are Exhausted, Frustrated and Heading for the Exits, No Major Offer Expected on Childcare in UK Budget, Biden Gives Medal of Honor to Trailblazing Special Forces Member, UK Braces for Rare Weather Event That Risks Late-Winter Freeze, Panic Over Metals for EVs Goes All the Way to Automakers C-Suites, What Do You Want to See in a Covid Memorial? Cheesecake opted to trade 200,000 shares of preferred stock to Roark for $200 million. privacy policy or contact Roark Capital Group. Here's what Roark is offering, and what this means for the company, its shareholders and the struggling restaurant industry. As a private equity company, we will need to, and will divest companies, Aronson says. North Italia is a modern interpretation of Italian cooking in the upscale casual dining segment, offering a variety of dishes that are handmade from scratch daily. McAlister's is a franchise chain of quick casual restaurants offering a variety of sandwiches, salads, soups, wraps and desserts. | Roark is an Atlantabased private equity firm with $35 billion in assets under management. GROUP. Atlanta, Georgia 30309
Corner Bakery sold to Pandya Restaurant group [16], Inspire Brands on September 25, 2018 announced that it was buying Oklahoma City-based Sonic Drive-In for $2.3 billion. Our goal is to be the preferred capital source for private equity solutions by earning the respect of everyone we interact with. Miscellaneous .
Mathnasium is a leading franchisor of math learning centers with over 1,000 locations across 46 states and 12 countries. Inspire operates Support Centers in Atlanta, Oklahoma City, Champaign, Minneapolis, and Canton, Massachusetts. In 2002, Massage Envy created a completely new category in the wellness industry and remains the industry leader in providing professional and affordable services that promote well-being through total body care. International Car Wash Group is the world's largest local car wash company, with operations in the U.S., Europe and Australia. 1 Answer ANSWER Neal Aronson. Arby's restaurant owner Roark Capital Group will buy Buffalo Wild Wings for $2.4 billion, months after an activist investor won seats on the chicken wing restaurant's board following a proxy . Web page addresses and e-mail addresses turn into links automatically. Driven manages a family of automotive brands including ABRA, CARSTAR, Maaco, Meineke, Take 5, Uniban, 1-800 Radiator, and others. The new managers set about turning that around by refurbishing the stores and giving franchisees the OK to sell a product they wanted: Italian ice. Get todays need-to-know restaurant industry intelligence. The remaining 50,000 preferred Cheesecake shares will be converted to 2,448,381 common shares of the casual-dining company.
The Rinse-and-Repeat Franchise Model That Makes This Couple $25 Million Private equity often involves deals of dizzying size to buy companies your average consumer has never heard of.
CHARLES WEST Net Worth $400 Million House Yacht North Italia is a modern interpretation of Italian cooking in the upscale casual dining segment, offering a variety of dishes that are handmade from scratch daily. The securities filing states that Aronson will have the discretion to manage the shares as he sees fit. New York, NY 10022 The company, which was sold by Roark Capital Group to Pandya Restaurant Growth Brands in October 2020, has two locations in San Antonio, Texas. The stake will be controlled by Roark founder and managing partner Neal Aronson, according to securities documents filed Monday. Responsibilities. Auntie Anne's menu includes hand-rolled soft pretzels baked in-store, Pretzel Nuggets, beverages (including signature lemonade) and Pretzel Dogs. About Roark Capital Group. ATLANTA OFFICE
Cheesecake Factory buys most of Roark's stake for $457M Orangetheory Fitness is one of the largest and fastest growing franchisors in the studio-based fitness market. Private-equity firm Roark Capital Group, which owns Atkins, is gearing up to seek a buyer for the low-carbohydrate-diet pioneer, according to people familiar with the matter. Jimmy John's Franchise, LLC is an American franchised sandwich fast food restaurant chain owned by Inspire Brands. Installation Made Easy coordinates the lead generation, sale, and installation of do-it-for-me home improvement projects on a nationwide basis on behalf of several of America's most respected home improvement and general merchandise "Big Box" retailers. Sign up to receive texts from Restaurant Business on news and insights that matter to your brand. In 2006, Brinker sold the company ( but still owns Maggiano's ), and Corner Bakery Cafe began franchising a year later. Neal K Aronson is Managing Partner/Founder at Roark Capital Group.
Inspire Brands Completes Acquisition of Dunkin' Brands For over 30 years, Culvers guests have been treated to cooked-to-order food made with farm-fresh ingredients, served with a smile. Romaniello and Hill say Arbys had started to turn around when Roark made the acquisition, but Aronson is more blunt in his assessment of the company, which was part of the Wendys/Arbys Group, led by investor Nelson Peltzs Triarc Co. Arbys was a messin menu, speed of service, cleanliness, physical box, focus, relationships, strategy, marketing, he says, ticking off the woes. That is part of our obligation to our investors.. 1180 Peachtree Street NE Not knowing what to expect during the impending crisis, most restaurant companies scrambled to maximize their liquidity, fearful theyd have insufficient cash on hand to sustain operations as dining rooms were ordered to close and sales fell to a trickle. Previously, Okeson was a partner at Alston & Bird LLP in Atlanta, Georgia, where he spent 15 years specializing in corporate governance, mergers and acquisitions . The fast-casual chain started in 1991 in Chicago and launched a franchising program in 2007. Morningstar Institutional Equity Research. It takes time to build a really good company, to make it sustainable, and make the growth something thats long term.. Were just not big believers in shortcuts, Aronson says. The mid-sized private equity firm has become a major player in the restaurant industry, says Darren Tristano, vice president of Technomic Inc., a restaurant market research firm. [18], Inspire Brands announced that it was buying Jimmy John's on September 25, 2019.
Roark Capital Group Inc - Company Profile and News Terms of . How are the unit-level economics? Were growers, not cutters. The brand offers 8- and 10-inch bundt cakes, Bundtlets and Bundtinis in multiple flavors that are hand-crafted and baked on-site. [11] Brown expected that Inspire would acquire additional chains in different segments. Automotive Training Institute (ATI) is a leading provider of financial and operational training series to the automotive repair and maintenance and paint and collision markets. 403 Veterans Blvd. "We are actively expanding our footprint through the strategic acquisition of top-performing, complementary auto aftermarket services companies," said Jonathan Fitzpatrick, CEO of Driven Brands. . Roark Capital Group acquired Corner Bakery in 2011 from Il Fornaio Corporation.
ServiceMaster will rename itself Terminix, sell Brands segment Culver's is a family-favorite restaurant known for their ButterBurgers, Fresh Frozen Custard & Wisconsin Cheese Curds.
Marcato, which owns a 6.4 percent stake in the wing chain, launched its campaign . Few of Arbys issues were present at CKE, which was acquired from private equity firm Apollo Global Management. Take 5 Oil Change represents the 5th acquisition for Driven Brands in the year since Roark Capital acquired the business, expanding the collective brands' footprint to more than 2,000 locations in the U.S. About Driven BrandsDriven Brands, headquartered in Charlotte, NC, is the parent company of North America's leading automotive aftermarket brands across four distinct verticals: Repair & Maintenance, housing Meineke Car Care Centers and Merlin 200,000 Mile Shops; Paint & Collision, housing Maaco, CARSTAR North America and Drive N Style; Distribution, housing 1-800-Radiator & A/C; and Quick Lube, housing Pro Oil Change, Econo Lube N' Tune, Driven Florida Lubes and Take 5 Oil Change.