Members help make our journalism possible. The Bar Method is a leading low-impact studio fitness franchise with locations across the US and Canada. 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. Roark bought control of Arbys for $430 million in cash and debt, despite 2010 results that one analyst dubbed amongst the worst in modern restaurant history.. Phone (212) 806-6000 Baseball Academy brings together college and high school coaches to provide camp programs to aspiring baseball and softball players across the United States. Our portfolio companies span multiple industries including food, restaurants, consumer and business services, health, wellness and fitness, and education and youth activities. Under the terms of the transaction, affiliates of Roark Capital Group will pay $157 a share for Buffalo Wild Wings, just a few dollars more than the $150 price that the company traded at on the . Healthy Contributions helps employers, health insurers and partners engage and activate members to participate in wellness programs and reward healthy behaviors to change lives for better health. US Sports Camps offering spans 19 different physical sports, Esports, and academic programs for campers ranging from 6 to 18 years old. Roark Capital Group Inc. Roark Capital Group Inc. operates as a private equity firm. 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. who owns ihop Official 2023 1-800 Radiator is the largest franchised automotive parts distributor in North America. Roark Capital Group Inc. operates as a private equity firm. Become a Restaurant Business member today and unlock exclusive benefits, including unlimited access to all of our content. 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. Franchise Systems, an Atlanta-based hotel franchisor that began with one brand and 22 hotels in nine states. 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. Who owns Miller's Ale House? NEW YORK OFFICE [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. Later acquisitions were made with capital from the second and third investment funds. Atlanta investment firm scoops up Culver's stock - Madison 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 . Aronson began his career in investment banking and private equity in New York, working for several firms, including hedge fund Odyssey Partners. Our Core Values have always guided the ways we support our people, businesses, and community, and guide us in how we Invest in Good. Merry Maids is a leading franchisor and provider of home cleaning services. 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. Roark focuses on franchised and multi-unit business models in the retail, restaurant, consumer and business services sectors. Roark Capital Acquires ServiceMaster Brands. 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. Founded in 2006, Streamline Brands is a leading franchisor and Fax (212) 518-2028 Roark Capital Group General Information. Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Miller's appears to be in good hands with its current owners. Arby's owner Roark gobbles up Buffalo Wild Wings for $2.4 billion Jimmy John's is one of the largest sandwich chains in the US. 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.. 1 Answer ANSWER Neal Aronson. There hadnt been a new flavor in five years or a new product in eight. Phone (212) 806-6000 Founded in Germany in 1965, the Company has solidified its position as the international market leader, developing an extensive network of more than 750 car wash locations across Europe and more than 100 car wash locations in the U.S. ICWG's focus on express-service style operations appeals to a broad base of consumers seeking a quick and high quality wash at an affordable price. 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. 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. Roark Capital | LinkedIn That is part of our obligation to our investors.. Roark Capital | 12,241 followers on LinkedIn. There was talent at Carvel that Cinnabon could benefit from, and talent at Cinnabon that Carvel could use.. Suite 2500 The Denver company . 540 Madison Ave Working At Arby's: Employee Reviews And Culture - Zippia Uniban is a leading network of glass repair and replacement service centers across North America. Cinnabon is an American chain of bakeries known for their "World Famous Cinnamon Rolls.". The brand offers 8- and 10-inch bundt cakes, Bundtlets and Bundtinis in multiple flavors that are hand-crafted and baked on-site. 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 . Roark Capital Group Inc - Company Profile and News Global network of franchises providing residential and commercial restoration services, including water damage, smoke and fire damage, mold remediation, and disaster recovery. The buyback more than doubled Roark's initial investment. Roark Capital Group serves customers in the United States. 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. GROUP. Roark Capital Group Profile: Totals OpenSecrets Aronson will surrender 47,517 of the common shares to Cheesecake in exchange for $10.4 million in cash. Affiliates of Roark Capital Group have sold the Dallas-based Corner Bakery Cafe brand to Pandya Restaurant Growth Brands LLC, the companies said Thursday. ServiceMaster will rename itself Terminix, sell Brands segment Roark Capital Group is an Atlanta-based private equity firm that specializes in franchise, brand management, environmental services and marketing services companies with attractive growth prospects. The deals became larger and more diversefast-casual, full-service, and quick-service restaurants, including some with company-owned units, not just franchisees. The following year, Focus Brands was formed to hold Roarks foodservice acquisitions. That's because we've stayed true to our core beliefs, our approach to investing and our commitment to community. Youth Enrichment Brands is a leading youth activities company, offering camps, leagues, clinics, classes and other programs that annually serve more than 700,000 kids ranging from 2 to 18 years old. Number 8860726. The Company provides a comprehensive suite of services primarily to retail, fleet, and industrial consumers. As a private equity company, we will need to, and will divest companies, Aronson says. Although CKE has debtthe company refinanced $1 billion last yearAronson says its very manageable. Pet Supermarket is the largest specialty retailer of pet food and pet-related supplies based in the southeastern US. Corner Bakery Cafe sells to Boston Market owner Pandya regarding PitchBook Data's products. 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. RB AMERICAN. Waxing the City is a growing network of waxing studios with an emphasis on superior waxes, highly-trained staff, and compassionate customer service. Roark Capital Group Affiliates. Schlotzsky's is a chain of quick casual restaurants offering made-to-order sandwiches, soups, salads and pizza. 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. Cheesecake Factory buys most of Roark's stake for $457M Roark Capital Group Visit Website. With the acquisition of ICWG, affiliates of Roark have acquired 61 multi-unit brands which combined generate annual system revenues of approximately $25 billion from 28,000 locations in 50 states and 78 countries. Naf Naf Grill and an investor group bought out the minority ownership of Roark Capital. They really know restaurants, says Andy Puzder, chief executive of Carpinteria, Californiabased CKE. Who Owns Massage Envy? Details on Spa Franchisor Amid Allegations Billionaire Founder Of Jimmy John's Sells His Remaining - Forbes [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. Nothing Bundt Cakes is a leading franchisor and operator of gourmet bakeries. Latest Addition to Driven Brands Strengthens Leadership Position in Automotive Aftermarket Services Industry. 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. International Car Wash Group is the world's largest local car wash company, with operations in the U.S., Europe and Australia. Roark prides itself on partnering with entrepreneurs and executives who share this vision of growth and success across all stakeholders. Suite 2500 Global network of franchises providing janitorial services, carpet cleaning, hard surface floor care, tile and grout cleaning, and upholstery cleaning. Youll see us sell some companies over time, and youll see us take some companies public. Founded in 1988, U.S. Fitness Connection is a leading player in the "High Value, Low Price (HVLP)" segment of the fitness industry. Neal K Aronson, Roark Capital Group: Profile and Biography In the announcement, ServiceMaster says: "The transaction will position the . 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 firings came So far, it seems the risk is paying off. Roark ATLANTA OFFICE 1180 Peachtree Street NE Suite 2500 Atlanta, Georgia 30309 Phone (404) 591-5200 Fax (404) 591-5201 www.roarkcapital.com. Since inception, affiliates of Roark Capital have acquired 52 franchise/multi-unit brands, which generate $20 billion in annual system revenues from 22,000 locations in 50 states and 75 countries. 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. Roark Capital Group Acquires Driven Brands - Yahoo! 37th Floor Today, we're one of the world's largest investment management organizations, managing $2.2 trillion.*. Meineke provides all regularly scheduled maintenance services, along with repair and replacement of vehicle components. Quick Answer: Does Corner Bakery have bagels? - De Kooktips - Homepage TWO MEN AND A TRUCK is the largest franchised moving company in the U.S. and offers comprehensive home and business relocation, junk removal, and packing services. Roark Capital-owned Driven Brands targets over $3 bln - Nasdaq 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. All of those characteristics have helped turn Roark into one of the biggest influencers in the quick-service industry. How a young private equity firm came to own 16 restaurant brands with $11 billion in systemwide sales. 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 . The deal shocked an industry already stunned by the unprecedented market changes they were seeing as coronavirus shut down much of the nation. Roark :: About Roark - Roark Capital Group Fax (404) 591-5201 serving 10,000+ campers per year. Roark focuses on investments in consumer and business service companies, with a specialization in franchise and franchise-like business models. At Roark, we believe the best way to create value is to form a close partnership with outstanding operating executives and a value-added Board of Directors. Jul 22, 2013, 08:00 ET. In 2006, Brinker sold the company ( but still owns Maggiano's ), and Corner Bakery Cafe began franchising a year later. who owns sonic Official 2023 Fax (212) 518-2028 McAlister's is a franchise chain of quick casual restaurants offering a variety of sandwiches, salads, soups, wraps and desserts. What are the characteristics of that concept? The Company focuses on management of buy-outs, acquisitions, mergers, recapitalizations, restructuring . Jimmy still owns 35%. The brand offers 8- and 10-inch bundt cakes, Bundtlets and Bundtinis in multiple flavors that are hand-crafted and baked on-site. [16], Inspire Brands on September 25, 2018 announced that it was buying Oklahoma City-based Sonic Drive-In for $2.3 billion. Roark Capital Group, the owner of restaurant chain Arby's, plans to buy Buffalo Wild Wings for $2.4 billion. International House of Pancakes, LLC is a wholly-owned subsidiary of Dine Brands Global (NYSE: DIN). Roark focuses on franchised and multi-unit business models in the retail, restaurant, consumer and business services sectors. Terms of . The deal specifies that Ginsberg and Aronson are locked up for 60 days from trying to amass a controlling interest in Cheesecake. Youth Enrichment Brands encompasses US Sports Camps, i9 Sports, Streamline Brands, and U.S. Mathnasium is a leading franchisor of math learning centers with over 1,000 locations across 46 states and 12 countries. You can unsubscribe at any time by clicking on the unsubscribe link at the bottom of our emails. Cheesecake only franchises abroad, and on a limited basis, and it is positioned squarely in the upper echelon of casual dining. www.roarkcapital.com, Roark Portfolio Employees Assistance Fund. 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. Buffalo Wild Wings also owned the Rusty Taco chain. Cheesecake will then repurchase the stock for $446.9 million. The transaction will apparently not cost Paul Ginsberg, Roark Capitals president, his seat on Cheesecakes board. 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. As of 2021, Wingstop makes a net income of about $42 million a year. ", Ezra Field, Senior Managing Director and Chief Investment Officer at Roark, said, "ICWG's quick conveyor car wash model provides high-quality washes at an affordable price point that is attractive to today's consumers who demand convenience and value. Roark Vacation Resort | Better Business Bureau Profile CARSTAR is the largest franchise network of automotive collision repair shops in North America. [11] Brown expected that Inspire would acquire additional chains in different segments. 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. 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. [20], Inspire Brands on October 25, 2020 announced that it was buying Dunkin' Brands for $11.3 billion. Roark Capital Acquires ServiceMaster Brands | ServiceMaster We look first at the brand and the company, he says. 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. None were restaurants. . Schlotzsky's is a chain of quick casual restaurants offering made-to-order sandwiches, soups, salads and pizza. Roark Capital Group owns other dining-out favorites, including Arby's, Auntie Anne's, Cinnabon, Carvel Ice Cream, Moe's Southwest Grill, and Wingstop. us for more details. Cinnabon and some franchising rights for Seattles Best Coffee were then acquired in 2004. Buffalo Wild Wings is sold to owner of Arby's, Jimmy John's As chief financial officer at U.S. from 8 AM - 9 PM ET. Theyre very entrepreneurial., Besides, he says, theyre just plain good guys.. They understand franchising, and they know brands and understand branding. Join the more than 1.5 million industry professionals who get our daily newsletter! Roark :: About Our Name - Roark Capital Group The fast . To help with Arbys, two industry prosJon Luther, Dunkin Brands chairman, and former Yorkshire Global Restaurants CEO Sid Feltensteinwere added as independent directors on Arbys board. [21][22] The acquisition was completed on December 15, 2020. Roark Capital Acquires ServiceMaster for $1.5 Billion . Its two full-service restaurant chains are Il Fornaio and Millers Ale House. Responsibilities. The latest from Restaurant Business, sent straight to your inbox. 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. Roark prides itself on being a trusted partner for management and business owners. Cinnabon is an American chain of bakeries known for their "World Famous Cinnamon Rolls.". Our Core Values define who we are, what we do and how we do it. It is part of Flynn Restaurant Group which also operates 441 . Environmental, Social and Governance (ESG), HVAC (Heating, Ventilation and Air-Conditioning), Machine Tools, Metalworking and Metallurgy, Aboriginal, First Nations & Native American. In October 2020, Pandya Restaurant Growth Brands, part of Rohan Group of Cos., owned by real estate investor and restaurant operator Jignesh Pandya of Newtown, Pennsylvania, acquired Corner Bakery . Corner Bakery sold to Pandya Restaurant group In the book, the character doesnt bow to conventional wisdom and is seen as an authentic innovator. 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. 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. And that someone, who snapped the company up in early 2018, was Roark Capital, also the owner of the fast-food company Arby's, which has been pegged as one of the least respected fast-food chains . [8] Inspire Brands is majority-owned by affiliates of Roark Capital Group. Neal K Aronson is Managing Partner/Founder at Roark Capital Group. Founded in 1972, Meineke is an automotive aftermarket industry pioneer and leading provider of repair and maintenance services. CHARLOTTE, N.C., March 30, 2016 /PRNewswire/ -- Driven Brands, a portfolio company of Roark Capital and the nation's leading automotive franchisor . Texas-based Corner Bakery Caf files for Chapter 11 bankruptcy About Take 5 Oil ChangeTake 5 Oil Change has been serving customers for more than 30 years. Buffalo Wild Wings Takes Flight On Buyout Offer Roark NEW YORK OFFICE 540 Madison Ave 37th Floor New York, NY 10022 Phone (212) 806-6000 Fax (212) 518-2028 www.roarkcapital.com Baseball Academy. Inspire Brands is the franchisor and operator of the Arbys, Buffalo Wild Wings, Jimmy Johns, SONIC, Dunkin, and Baskin Robbins brands. I agree to receive PitchBook Data's electronic newsletters, updates, promotions and related messages Roark ATLANTA OFFICE 1180 Peachtree Street NE Suite 2500 Atlanta, Georgia 30309 Phone (404) 591-5200 Fax (404) 591-5201 www.roarkcapital.com. 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. Contact Ron Ruggless at [emailprotected], /sites/all/themes/penton_subtheme_nrn/images/logos/footer.png. 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. Roark also owns nearly a dozen non-eatery franchise businesses. 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. 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. CKE is one of the world's largest franchisors and operators of quick-service restaurants under the Carls Jr. and Hardees brand banners. Is Arby's Roast Beef real or processed meat? Roark Capital Group is an Atlanta-based private equity firm with over $6 billion in equity capital. Inspire Brands is majority-owned by affiliates of Roark Capital Group. Related: Naf Naf Grill founder dies at 47, Greg Willman, left, who was named Naf Naf Grill CEO in May 2020, said in a statement: I am excited about the future of Naf Naf Grill and want to thank Roark for its support and positive contributions to the company.. [11][12] Arby's CEO Paul Brown was selected to continue as Inspire Brands CEO. See our history. Furniture Medic is a global leader and franchisor in the furniture repair and restoration industry. Luther is Arbys chairman. ICWG operates under the IMO banner in Europe and Asia-Pacific. . Self Esteem Brands is the parent company of Anytime Fitness, Basecamp Fitness, The Bar Method, Waxing the City, Stronger U, and Healthy Contributions. READ MORE, Invest in Good is Roarks multi-faceted commitment to long-term social impact initiatives. "Arby's Restaurant Group" redirects here. Wingstop decided to go entirely public with an IPO (Initial Public Offering) of $19 for a share. Ron Ruggless | Oct 29, 2020. Roark Capital-owned Driven Brands targets over $3 bln valuation in IPO. The stake will be controlled by Roark founder and managing partner Neal Aronson, according to securities documents filed Monday. Driven Brands is the largest automotive services company in North America. 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 . Roark Capital Group added another brand to its wide-ranging franchise portfolio with the acquisition October 1 of residential and commercial restoration and cleaning services company. Started in Jupiter, FL in 1988 by husband and wife team Jack and Claire Miller, Miller's Ale House is a sports-themed full service restaurant that offers an extensive menu of freshly prepared food and top-quality drinks. 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. Focus added Schlotzskys in 2006, Moes Southwest Grill in 2007, and Auntie Annes in 2010. 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. Founded in 1975 and headquartered in San Rafael, CA, US Sports camps is the licensed operator of Nike Sports Camps. Howard Roarks characteristics led to Roark Capitals 12 core values, including commitment, integrity, collaboration, and accountability. Uniban is a leading network of glass repair and replacement service centers across North America. ", "This is a tremendous opportunity for Take 5 Oil Change to grow our business to the next level," said Graham.