. See our history. 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. When typing in this field, a list of search results will appear and be automatically updated as you type. They are an extremely knowledgeable group, he says, noting that the firms buy-and-hold philosophy is important to him as a lender and franchisee. Youth Enrichment Brands encompasses US Sports Camps, i9 Sports, Streamline Brands, and U.S. About Roark Capital GroupRoark focuses on consumer and business service companies with a specialization in franchised and multi-unit business models in the retail, restaurant, consumer and business services sectors. refer to our Winsight is a leading B2B information services company focused on the food and beverage industry, providing insight and market intelligence to business leaders in every channel consumers buy food and beverage convenience stores, grocery retailing, restaurants and noncommercial foodservice through media, events, data products, advisory services, and trade shows. No, Sonic is owned by Sega, who debuted the character in "Sonic The Hedgehog" for their Genesis console in 1991. That is part of our obligation to our investors.. Roark Capital Group serves customers in the United States. 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. Was decided. Mathnasium is a leading franchisor of math learning centers with over 1,000 locations across 46 states and 12 countries. So far, it seems the risk is paying off. 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. Environmental, Social and Governance (ESG), HVAC (Heating, Ventilation and Air-Conditioning), Machine Tools, Metalworking and Metallurgy, Aboriginal, First Nations & Native American. We like growth, and were looking to invest in growth.. 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 . CARSTAR is the largest franchise network of automotive collision repair shops in North America. [9][10], Inspire Brands was formed when Arby's Restaurant Group merged with Buffalo Wild Wings on February 5, 2018. 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. READ MORE, Invest in Good is Roarks multi-faceted commitment to long-term social impact initiatives. Here's what Roark is offering, and what this means for the company, its shareholders and the struggling restaurant industry. Arbys is the largest drive-thru sandwich chain in the United States. Baseball Academy (Youth Enrichment Brands), U.S. Sports Camps (Youth Enrichment Brands), Roark portfolio company, Youth Enrichment Brands, acquires i9 Sports. 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. We look first at the brand and the company, he says. Baskin-Robbins, the worlds largest chain of ice cream specialty shops, is known for its variety of 31 flavors of ice cream, along with their creative ice cream cakes, milkshakes, and ice cream sundaes. "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. The Take 5 Oil Change management team will remain at the helm, and the headquarters will remain in New Orleans. Maintaining Automated Tests in TAF for V1 platform for API testing Stronger U is a digital, personalized nutrition-based health coaching services brand. Bosley's is the leading pet food retail chain in British Columbia specializing in holistic and specialty brands with a focus on pet health and wellness. What are the characteristics of that concept? In the announcement, ServiceMaster says: "The transaction will position the . For more information visit www.take5oilchange.com. These are very smart people, he says. The following year, Focus Brands was formed to hold Roarks foodservice acquisitions. Founded in 1934, Carvel is the leading manufacturer of branded ice cream cakes in the United States and a top producer of premium soft-serve ice cream. "Arby's Restaurant Group" redirects here. 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: . CKE is one of the world's largest franchisors and operators of quick-service restaurants under the Carls Jr. and Hardees brand banners. from 8 AM - 9 PM ET. Cheesecake will then repurchase the stock for $446.9 million. Who is the CEO of Sonic? Roark Capital Group is an Atlanta-based private equity firm with over $6 billion in equity capital. Driven manages a family of automotive brands including ABRA, CARSTAR, Maaco, Meineke, Take 5, Uniban, 1-800 Radiator, and others. He is my all-time favorite character in any book, Aronson says. Driven Brands is the largest automotive services company in North America. If the series of financial moves are completed as expected on June 15, Roarks interest in Cheesecake will be reduced to 2.4 million shares of common stock, or 4.6% of total shares outstanding. When Darden sold Red Lobster in 2014, it was to Golden Gate Capital, who also owned Romano's Macaroni Grill from 2008 to 2013. Fax (212) 518-2028 Aronson launched the firm in 2001 and named it for Howard Roark, the protagonist architect in Ayn Rands novel, The Fountainhead. Auntie Anne's menu includes hand-rolled soft pretzels baked in-store, Pretzel Nuggets, beverages (including signature lemonade) and Pretzel Dogs. www.roarkcapital.com. Cheesecake only franchises abroad, and on a limited basis, and it is positioned squarely in the upper echelon of casual dining. 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. Dunkin is famous for its combination of high-quality coffees, espresso beverages, baked goods, and breakfast sandwiches served all day with fast, friendly service. Roark differs in many ways from other private equity companies. 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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 keep their companies autonomous, but they understand how to control costs and focus on getting the profit margins up.. 37th Floor RB AMERICAN. RB American is the largest Arby's franchisee, operating 370 restaurants across 9 states. Roark managing partner Neal Aronson will retain control of a 4.6% stake. [23], On December 19, 2022, Inspire Brands announced that it had sold Rusty Taco to Gala Capital Partners, owner of Cicis Pizza, Dunn Brothers Coffee, and Mooyah. 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 . Contributions to 527s are not included in the Individuals, PACs, Soft (Indivs), or Soft (Orgs) columns, so the sum of these columns may not equal the Total column. The Chicago-based company did not disclose terms of the deal or the identity of the investor group. Some investors, including university endowments and investment managers, have invested in all three, a sign of Roarks performance. Orangetheory Fitness is one of the largest and fastest growing franchisors in the studio-based fitness market. Our Core Values have always guided the ways we support our people, businesses, and community, and guide us in how we Invest in Good. Furniture Medic is a global leader and franchisor in the furniture repair and restoration industry. Baseball Academy. 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. Basecamp Fitness is a growing network of fitness studios featuring high-intensity and high-energy workout sessions. Meineke provides all regularly scheduled maintenance services, along with repair and replacement of vehicle components. The firm also provides the capital for operators to reach their goals. [18], Inspire Brands announced that it was buying Jimmy John's on September 25, 2019. Anon { relativeTimeResolver(1660511260487) }} LIVE Points 3. Roark Capital Group is an Atlanta-based private equity firm with more than $1.5 billion in equity capital under management. Arby's owner Roark Capital Group said on Tuesday it would buy Buffalo Wild Wings Inc <BWLD.O> for $2.4 billion, . In 1995, he helped launch U.S. Nothing Bundt Cakes is a leading franchisor and operator of gourmet bakeries. McAlister's is a franchise chain of quick casual restaurants offering a variety of sandwiches, salads, soups, wraps and desserts. In the early days, there were real synergies and reasons to put companies together in Focus, says Hill, who became Cinnabons president. Divisions Maintenance Group is a tech-based provider of integrated facilities maintenance services for prominent retail chains, pharmacies, grocery stores, warehouses, distribution centers, and REITs across more than 46,000 locations in all 50 states. Phone (212) 806-6000 Cinnabon is an American chain of bakeries known for their "World Famous Cinnamon Rolls.". Affiliates of Roark Capital Group have sold the Dallas-based Corner Bakery Cafe brand to Pandya Restaurant Growth Brands LLC, the companies said Thursday. Suite 2500 Fitness Connection is a leading player in the "High Value, Low Price (HVLP)" segment of the fitness industry. Previously, Okeson was a partner at Alston & Bird LLP in Atlanta, Georgia, where he spent 15 years specializing in corporate governance, mergers and acquisitions . Were just not big believers in shortcuts, Aronson says. There were four CEOs in six years, a problem Aronson blames on previous ownership. CHARLOTTE, N.C., March 30, 2016 /PRNewswire/ --Driven Brands, a portfolio company of Roark Capital and the nation's leading automotive franchisor, announced today that its affiliate has acquired Louisiana-based Take 5 Oil Change. Later acquisitions were made with capital from the second and third investment funds. Roark Capital | 12,241 followers on LinkedIn. Web page addresses and e-mail addresses turn into links automatically. Take 5 is a leading provider of oil change services through a convenient drive-thru format with fast, friendly customer experience. Environmental, Social and Governance (ESG), HVAC (Heating, Ventilation and Air-Conditioning), Machine Tools, Metalworking and Metallurgy, Aboriginal, First Nations & Native American. operator of swim schools for children of all ages, serving over 150,000 swimmers per year. Cheesecake operates its namesake brand and a high-volume Italian casual concept called North Italia. None were restaurants. Theres also Green Burrito and Red Burrito, which cobrand with some Carls Jr. and Hardees, while Roark also franchises Seattles Best Coffee internationally. Neal Aronson founded Roark Capital in . CHARLOTTE, N.C., March 30, 2016 /PRNewswire/ -- Driven Brands, a portfolio company of Roark Capital and the nation's leading automotive franchisor . ", "This is a tremendous opportunity for Take 5 Oil Change to grow our business to the next level," said Graham. The acquisitions are a team effort, Hill says, relying on Roarks operational, financial, and other resources. . Roark Capital Group. Still, Arbys core attributes lined up for Roark, including the brand differentiation, great history, a large and loyal customer base, good locations, and upside potential. It now owns three of the 25 biggest quick-service restaurant chainsit acquired a majority stake in Arbys three years agoand oversees a 16-brand dining empire with some $11 billion in systemwide sales and nearly 12,100 units employing some 300,000 people. The Cheesecake Factory is reacquiring most of the equity stake held by Buffalo Wild Wings parent Roark Capital in a transaction valued at $457.3 million. Today, we're one of the world's largest investment management organizations, managing $2.2 trillion.*. Who owns Miller's Ale House? Number 8860726. The Rohan Group of Companies, which owns Pandya Restaurant Growth Brands, had hoped to expand the Corner Bakery brand, but it remains unclear how the bankruptcy filing will impact those plans. The fast-casual chain started in 1991 in Chicago and launched a franchising program in 2007. Jamba is a category-leading smoothie and juice chain that offers a variety of high quality smoothies, juices, bowls and other products. International House of Pancakes, LLC is a wholly-owned subsidiary of Dine Brands Global (NYSE: DIN). 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. serving 10,000+ campers per year. 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. Founded in 2001, Roark Capital Group is a private equity firm based in Atlanta, Georgia. In the U.S., ICWG operates under the banners of Car Wash USA Express, Goo-Goo, Zippy's, Car Wash Express, and Supersonic Car Wash. ICWG is committed to delivering consistent wash quality for the customer while minimizing the impact on the environment. ATLANTA, July 22, 2013 /PRNewswire/ -- Roark Capital Group, an Atlanta -based private equity firm, announced today that an affiliate had acquired 65 unit Miller's Ale House . Media ContactBrandi Neloms, Sr. Communications Manager[emailprotected] 704-644-8151, Cision Distribution 888-776-0942 In 2006, Brinker sold the company ( but still owns Maggiano's ), and Corner Bakery Cafe began franchising a year later. 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. www.roarkcapital.com, Roark ", Matt Kaelin, Managing Director at Roark, added, "We are looking forward to working with Mike Smith, Bill Derwin, and the rest of the management team to continue to build the business.". All rights reserved. Who is corner bakery owned by? An arm of Atlanta-based Roark Capital Group plans to buy ServiceMaster Brands for $1.55 billion within 30 to 60 days. 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. Roark Capital founder Neal Aronson has helped the firm grow to include several premier quick-service companies, including CKE and Arbys. Will the Fast-Food Dining Room Live On After COVID? As of 2021, Wingstop makes a net income of about $42 million a year. Nov 2009 - Dec 202213 years 2 months. Luther is Arbys chairman. [11][12] Arby's CEO Paul Brown was selected to continue as Inspire Brands CEO. Driven Brands has more than 2,000 centers across North America, and combined, all businesses generate more than $2.1 billion in system sales. Roark prides itself on partnering with entrepreneurs and executives who share this vision of growth and success across all stakeholders. Phone (212) 806-6000 [15], On August 16, 2018, The Wendy's Company announced that it sold its 12.3% stake in Inspire Brands back to the company for $450 million, which included a 38% premium over the stake's most recent valuation. A winwinwin approach leads to a positive business environment where all stakeholders customers, employees, franchisees, strategic partners, service providers, management and shareholders share in the growth and success of our businesses. B-Dubs might be going private. You can unsubscribe at any time by clicking on the unsubscribe link at the bottom of our emails. 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. Similar Questions. Divisions Maintenance Group is a tech-based provider of integrated facilities maintenance services for prominent retail chains, pharmacies, grocery stores, warehouses, distribution centers, and REITs across more than 46,000 locations in all 50 states. Mar 30, 2016, 11:48 ET. NEW YORK OFFICE Youll see us sell some companies over time, and youll see us take some companies public. Roark NEW YORK OFFICE 540 Madison Ave 37th Floor New York, NY 10022 Phone (212) 806-6000 Fax (212) 518-2028 www.roarkcapital.com 1180 Peachtree Street NE That is where this country has been built, because 65 percent of the job growth for 15 years leading up to the recession came from those people who built a store, then a second store, then a third.. As a private equity company, we will need to, and will divest companies, Aronson says. Our team will review your remarks prior to publishing. Roark focuses on middle market investment opportunities through family-owned business transfers, management and corporate buyouts . 403 Veterans Blvd. Wendy's owns about 18.5 percent of Arby's, with their stake valued at around $325.9 . Founded in 1975 and headquartered in San Rafael, CA, US Sports camps is the licensed operator of Nike Sports Camps. About Roark Capital Group.
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