who owns roark capital group

They understand franchising, and they know brands and understand branding. New York, NY 10022 Luther is Arbys chairman. Naf Naf Grills website lists 39 locations in eight states, including Illinois, Indiana, Minnesota, New Jersey, Ohio, Pennsylvania, Tennessee and Wisconsin. serving 10,000+ campers per year. The fast . For more information, visit www.DrivenBrands.com. Baseball Academy (Youth Enrichment Brands), U.S. Sports Camps (Youth Enrichment Brands), Roark portfolio company, Youth Enrichment Brands, acquires i9 Sports. Who Owns Roark Clothing - BikeHike The Chicago-based company did not disclose terms of the deal or the identity of the investor group. Roark focuses on middle market investment opportunities through family-owned business transfers, management and corporate buyouts . After a few quiet years, Roark raised its first flagship fund in 2005, a $413 million vehicle, and quickly got to work making deals, completing four . When Darden sold Red Lobster in 2014, it was to Golden Gate Capital, who also owned Romano's Macaroni Grill from 2008 to 2013. Number 8860726. Most compete in the quick-service sector, far downmarket from Cheesecakes turf. Join the more than 1.5 million industry professionals who get our daily newsletter! Roark Capital Acquires ServiceMaster Brands | Business Wire operator of swim schools for children of all ages, serving over 150,000 swimmers per year. 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. Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Auntie Anne's menu includes hand-rolled soft pretzels baked in-store, Pretzel Nuggets, beverages (including signature lemonade) and Pretzel Dogs. Since inception, affiliates of Roark have invested in 92 franchise/multi-location brands which generate approximately $54 billion in annual system revenues from 63,000 locations in 50 states and . The following year, Focus Brands was formed to hold Roarks foodservice acquisitions. International Car Wash Group is the world's largest local car wash company, with operations in the U.S., Europe and Australia. Baseball Academy brings together college and high school coaches to provide camp programs to aspiring baseball and softball players across the United States. For more information, please visit www.roarkcapital.com. Primrose Schools is a leading franchisor of pre-K schools providing high quality educational programs for children 6 weeks to 5 years old and after-school learning programs for 6 to 12 year olds. In the announcement, ServiceMaster says: "The transaction will position the . This outlook helps makes Roark successful, says Lex Lane, Wingstop franchisee and vice president and business development officer at United Capital Business Lending in suburban Baltimore. The deals became larger and more diversefast-casual, full-service, and quick-service restaurants, including some with company-owned units, not just franchisees. Environmental, Social and Governance (ESG), HVAC (Heating, Ventilation and Air-Conditioning), Machine Tools, Metalworking and Metallurgy, Aboriginal, First Nations & Native American. Roark Capital Group acquired Corner Bakery in 2011 from Il Fornaio Corporation. Roark Capital Group General Information. As of 2021, Wingstop makes a net income of about $42 million a year. Schlotzsky's is a chain of quick casual restaurants offering made-to-order sandwiches, soups, salads and pizza. Before launching Roark Capital, he was the co-founder and CFO of US Franchise Systems, an owner and operator of hotel brands that increased its holdings more than 20-fold under his leadership. Neal Aronson founded Roark Capital in . Roark is now one of the largest holding companies in foodservice, with brands ranging from Auntie Annes to Sonic, Jimmy Johns, Arbys, Moes Southwest Grill, Schlotzskys, Carvel, 50% of Culvers, Millers Ale House and Rusty Taco. Founded in 2003, i9 Sports is a leading franchisor of community-based, multi-sport leagues for children ages 3-14, serving over 3 million kids since inception. NEW YORK OFFICE . Through its ownership of Fox Restaurant Group, a concept incubator, it also holds the rights to develop Flower Child, Culinary Dropout, Fly Bye and a host of other small brands. Focus added Schlotzskys in 2006, Moes Southwest Grill in 2007, and Auntie Annes in 2010. Site Map | Search | Terms of Use | Privacy Policy | Accessibility, Roark Roark Capital Group, an Atlanta-based private equity firm focused on franchise and consumer brands, announced today that its affiliate has acquired Driven Brands, the nation's leading franchise . In 1996 Take 5 designed the first "5 Minute Drive-Thru Oil Change" location. Baseball Academy (Youth Enrichment Brands), U.S. Sports Camps (Youth Enrichment Brands), Roark Portfolio Employees Assistance Fund. Similar Questions. Great Expressions is a leading branded dental practice network that provides comprehensive affordable dental services distinguished by convenience, value, and a broad acceptance of insurance plans. While the firm has not sold any of its restaurant companies yet, that time will come. Inspire Brands, Inc. is an American holding company and the owner and franchisor[7] of the Arby's, Buffalo Wild Wings, Sonic Drive-In, Jimmy John's, Mister Donut, Dunkin' Donuts and Baskin-Robbins restaurant chains. "Take 5 Oil Change is an ideal addition to our portfolio of brands. "Arby's Restaurant Group" redirects here. Aronson will surrender 47,517 of the common shares to Cheesecake in exchange for $10.4 million in cash. Meineke provides all regularly scheduled maintenance services, along with repair and replacement of vehicle components. READ MORE, Roark was named after Howard Roark, the protagonist in Ayn Rand's book The Fountainhead. Following Roark Capital Group's acquisition of Arby's in 2011, Okeson remained with Arby's as General Counsel while assuming additional senior management responsibilities. Atkins Nutritionals Up For Sale - WSJ Buffalo Wild Wings' Owner Has Diverse Empire - Business Insider Each deal brings its own set of challenges, says Erik Morris, a managing director who joined Roark in 2007 after leading investments in several quick-service restaurant companies at private equity firm Grotech Capital Group. The private-equity firm helped turn around Arby's after buying a majority stake in 2011. Meineke provides all regularly scheduled maintenance services, along with repair and replacement of vehicle components. CKE is one of the world's largest franchisors and operators of quick-service restaurants under the Carls Jr. and Hardees brand banners. Buffalo Wild Wings is sold to owner of Arby's, Jimmy John's Phone (212) 806-6000 It is part of Flynn Restaurant Group which also operates 441 . Roarks strategy is to focus on a few industries and dive deeply into them, gaining knowledge and insight that is important to make acquisitions and providing expertise to its operating company managers, who typically hold an equity stake. Mathnasium is a leading franchisor of math learning centers with over 1,000 locations across 46 states and 12 countries. ABRA is a leading network of franchised automotive collision repair shops. Roark Capital Group serves customers in the United States. Theyre very entrepreneurial., Besides, he says, theyre just plain good guys.. The purchases were financed primarily through Roarks first private equity fund. The customer is an American company that is an affiliate of the American private equity firm Roark Capital Group which currently owns Schlotzsky's, Carvel, Cinnabon, Moe's Southwest Grill, and McAlister's Deli, Auntie Anne's, and Jamba brands. Few of Arbys issues were present at CKE, which was acquired from private equity firm Apollo Global Management. The five times weekly e-newsletter that keeps you up-to-date on the latest industry news and additions to this website. Our Core Values have always guided the ways we support our people, businesses, and community, and guide us in how we Invest in Good. 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.. Nation's Restaurant News is part of the Informa Connect Division of Informa PLC. Now that you know who owns Wingstop, it probably doesn't come as a surprise that the original owner, Antonio Swad had been in the restaurant business since . When the company was sold in 2000, it had three brands and some 500 hotels in all 50 states and five countries. Pet Supermarket is the largest specialty retailer of pet food and pet-related supplies based in the southeastern US. Neal K Aronson is Managing Partner/Founder at Roark Capital Group. Roark Capital Acquires Fitness Connection. Arby's owner Roark Capital Group said on Tuesday it would buy Buffalo Wild Wings Inc <BWLD.O> for $2.4 billion, . By the time Focus Brands--an arm of Atlanta-based private equity firm, Roark Capital Group--took over the company in 2006 they had sold or closed all but one franchise. Arbys is the largest drive-thru sandwich chain in the United States. He follows what he believes.. Naf Naf Grill, the fast-casual Middle Eastern concept, and an investor group have acquired the entire minority ownership in the company previously held by affiliates of Roark Capital Group, the . [8] Inspire Brands is majority-owned by affiliates of Roark Capital Group. Here's What It Said, Supporting New Restaurant Franchisees, By Experience Level, The Power of Transformation in the Restaurant World, Fast-Food Chains Turn Focus to Better In-App Experiences, How to Effectively Market a Restaurant Anniversary. He now owns the Gulfstream G-IV with registration . You can unsubscribe at any time by clicking on the unsubscribe link at the bottom of our emails. Roark Capital Group owns other dining-out favorites, including Arby's, Auntie Anne's, Cinnabon, Carvel Ice Cream, Moe's Southwest Grill, and Wingstop. All rights reserved. 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. Roark ATLANTA OFFICE 1180 Peachtree Street NE Suite 2500 Atlanta, Georgia 30309 Phone (404) 591-5200 Fax (404) 591-5201 www.roarkcapital.com. They have perfected their processes and deliver industry leading customer service. Youth Enrichment Brands encompasses US Sports Camps, i9 Sports, Streamline Brands, and U.S. Aronson says the firm talks about the core values and lives them out every day, and that theyre on laminated cards given to each of Roarks 45 employees. The transaction will apparently not cost Paul Ginsberg, Roark Capitals president, his seat on Cheesecakes board. When I talked to Jack, he yelled at me and shamed me into starting Roark, Aronson says. Terms of . The stake will be controlled by Roark founder and managing partner Neal Aronson, according to securities documents filed Monday. 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. "With this partnership, we have access to world-class technology, purchasing power, operational support and resources that will enable us to accelerate our growth and success.". "We are excited to partner with Roark, an experienced investor in growing multi-unit businesses, to help us accelerate ICWG's growth," said Mike Smith, Executive Chairman of ICWG. Roark Capital Acquires ServiceMaster for $1.5 Billion Massage Envy is the leading provider of therapeutic massage and skincare services in the U.S. Private equity often involves deals of dizzying size to buy companies your average consumer has never heard of. ATLANTA, Oct. 4, 2017 /PRNewswire/ -- Roark Capital Group, an Atlanta -based private equity firm focused on multi-unit consumer businesses, announced today that its affiliate has closed on the . Founded in 1965, ICWG is the world's largest conveyor car wash company currently operating in 14 countries around the globe, washing more than 35 million cars every year through a network of more than 900 locations. We want to partner with entrepreneurs and executives who share this vision. About Us | Capital Group Bill Derwin, CEO of ICWG, said, "Roark brings a deep understanding of the consumer and an operational expertise that complements our business. Some firms seek investments that fit into specific size parameters. Founded in 1988, U.S. Later on, it was sold to the Roark Capital Group back in 2010. About Roark Capital Group. ATLANTA, Oct. 4, 2017 /PRNewswire/ --Roark Capital Group, an Atlanta-based private equity firm focused on multi-unit consumer businesses, announced today that its affiliate has closed on the previously announced acquisition of UK-based International Car Wash Group from TDR Capital LLP. Fax (212) 518-2028 Envysion is a loss prevention platform designed to protect businesses, brands, Since 2015, Scena has provided as-built digital twin services to restaurants for, Full-service communications and PR agency specializing in the Restaurant and, Refreshed Branding Boosts Mendocino Farms' Growth Plans, Patrick Doyle Brings His Turnaround Magic to Burger King, Free to Qualified Restaurant Professionals, Dave's Hot Chicken Announces Partnership with Movie Franchise, Scream, Slutty Vegan Sets Opening Date for Second NYC Location, Jet's Pizza to Give Away Year's Worth of Ranch, Biscuitville Establishes Special Fund to Assist Employees with Financial Hardships. FOCUS Brands is also the franchisor of Seattle's Best Coffee on certain military bases and in certain international markets. Although CKE has debtthe company refinanced $1 billion last yearAronson says its very manageable. Author has 4.2K answers and 3.1M answer views. [13] Co-owner The Wendy's Company's stake was reduced from 18.5% to 12.3% due to the infusion of capital from Roark Capital to fund the purchase. Inspire Brands - Wikipedia Youll see us sell some companies over time, and youll see us take some companies public. Known as 'America's Bodyshop', Maaco is a leading provider of auto painting and light collision repair services. Roark Capital Group specializes in franchises in the food service, retail and consumer services industries. 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. Please Pet Supermarket is the largest specialty retailer of pet food and pet-related supplies based in the southeastern US. 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Primrose Schools is a leading franchisor of pre-K schools providing high quality educational programs for children 6 weeks to 5 years old and after-school learning programs for 6 to 12 year olds. Anytime Fitness is the largest fitness franchise in the world, with gym facilities open 24 hours a day, 365 days a year. Roark Capital Acquires Nothing Bundt Cakes | Business Wire Pet Valu is Canada's leading small-format specialty retailer of pet food and supplies, providing a wide selection of high quality pet products, together with friendly customer service and convenient store locations. Roark Capital-owned Driven Brands targets over $3 bln valuation in IPO. Lying on the carpet are two more frames, holding announcements for the latest purchases, Carls Jr. and Hardees, made last December in a deal valued at about $1.7 billion. Phone (212) 806-6000 37th Floor Naf Naf Grill, investor group buy out Roark ownership 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. Billionaire Founder Of Jimmy John's Sells His Remaining - Forbes How Roark Capital's Neal Aronson won over franchisees to build a $54 billion fast-food juggernaut with brands like Arby's, Dunkin', and Buffalo Wild Wings. He refuses to follow fads, trends, or popularity. Corner Bakery Cafe sells to Boston Market owner Pandya Mathnasium is a leading franchisor of math learning centers with over 1,000 locations across 46 states and 12 countries. ATLANTA & MEMPHIS, TENN. (BUSINESS WIRE) Roark Capital, an Atlanta-based private equity firm focused on investing in franchised and multi-location businesses, announced today that its affiliate has acquired ServiceMaster Brands.ServiceMaster Brands, one of the nation's leading providers of residential and commercial restoration and cleaning services, operates a network of over 1,850 . The Bar Method is a leading low-impact studio fitness franchise with locations across the US and Canada. The firms first acquisition was Carvel in 2001 for $26 million. Take 5 is a leading provider of oil change services through a convenient drive-thru format with fast, friendly customer experience. For the restaurant, see, "Jimmy John's Sale To Inspire Brands Now Complete", "Why Fast Food's Smartest Operator Is Expanding When Business Is Terrible", "Wendy's sells stake in Arby's owner for $450 million", "Arby's owner beefs up portfolio, eating up another fast-food franchise", "Arby's, Buffalo Wild Wings new parent Inspire Brands debuts", "Arby's closes deal for Buffalo Wild Wings, makes new company", "Arby's CEO: We're Not Done Buying Brands After BWW", "Wendy's Sells Inspire Brands Stake for $450 Million", "Inspire Brands reveals plans for its 3rd brand, now Rusty Taco", "Inspire Brands bringing 1,100 jobs, $32 million to Sandy Springs", "Inspire Brands to buy Sonic Corp. for $2.3B", "Arby's owner Inspire Brands buys Jimmy John's", "Inspire completes purchase of Jimmy John's", "Dunkin' closes in on $9bn sale to Inspire Brands", "Inspire Brands to Acquire Dunkin' Brands Group for $11.3 Billion Including Debt", "Inspire Brands Completes Acquisition of Dunkin' Brands", "Inspire Brands sells Rusty Taco to the owner of Cicis Pizza", "Art of the deal panel to highlight FFGC", https://en.wikipedia.org/w/index.php?title=Inspire_Brands&oldid=1139069937, Companies based in Sandy Springs, Georgia, 2018 establishments in Georgia (U.S. state), Economy of the Southeastern United States, Short description is different from Wikidata, Official website different in Wikidata and Wikipedia, Creative Commons Attribution-ShareAlike License 3.0, This page was last edited on 13 February 2023, at 05:48. Driven manages a family of automotive brands including ABRA, CARSTAR, Maaco, Meineke, Take 5, Uniban, 1-800 Radiator, and others. 11.16.21 ROARK INVESTMENT Roark Capital Acquires Mathnasium READ MORE . Were just not big believers in shortcuts, Aronson says. Roark Capital Group Atlanta, Georgia 30309 Orangetheory Fitness is one of the largest and fastest growing franchisors in the studio-based fitness market.

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