| Roark is an Atlantabased private equity firm with $35 billion in assets under management. 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. 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. 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. In the early days, there were real synergies and reasons to put companies together in Focus, says Hill, who became Cinnabons president. 1 Answer ANSWER Neal Aronson. Later acquisitions were made with capital from the second and third investment funds. Who owns Miller's Ale House? You can unsubscribe at any time by clicking on the unsubscribe link at the bottom of our emails. As the Atlanta-based private equity firm that owns Massage Envy, Roark Capital Group published a plan in 2017 to address the . Inspire Brands is a privately owned equity company that falls under the management of Roark Capital Group . Elane served as Group President of Kimberly-Clark International and Global President of Kimberly . Founded in 2006, Streamline Brands is a leading franchisor and
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 . Baseball Academy (Youth Enrichment Brands), U.S. Sports Camps (Youth Enrichment Brands), Roark Portfolio Employees Assistance Fund. 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 Capital Group Acquires International Car Wash Group - PR Newswire Today the only other restaurantchain Golden Gate owns besides Red Lobster is California Pizza Kitchen, but their portfolio includes lots of non-restaurant companies, including Eddie Bauer, Payless, and J. Jill. . 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. Roark Capital Portfolio Company Driven Brands Acquires Take 5 Oil Change [11][12] Arby's CEO Paul Brown was selected to continue as Inspire Brands CEO. 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. 540 Madison Ave Roark also owns nearly a dozen non-eatery franchise businesses. Inspire Brands is the franchisor and operator of the Arbys, Buffalo Wild Wings, Jimmy Johns, SONIC, Dunkin, and Baskin Robbins brands. Most of Carvels resources had been diverted to its supermarket business, which angered franchisees. Orangetheory Fitness is one of the largest and fastest growing franchisors in the studio-based fitness market. Dunkin is famous for its combination of high-quality coffees, espresso beverages, baked goods, and breakfast sandwiches served all day with fast, friendly service. www.roarkcapital.com, Roark We look first at the brand and the company, he says. The franchisees hated the company, says Romaniello, now a Roark managing partner. October 01, 2020 09:01 AM Eastern Daylight Time . 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. Aronson began his career in investment banking and private equity in New York, working for several firms, including hedge fund Odyssey Partners. Uniban is a leading network of glass repair and replacement service centers across North America. At Roark, that patience is being tested with Arbys. Members help make our journalism possible. Founded in 1983, Jimmy John's offers high-quality sandwiches with rapid preparation. About Take 5 Oil ChangeTake 5 Oil Change has been serving customers for more than 30 years. 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. Orangetheory Fitness is one of the largest and fastest growing franchisors in the studio-based fitness market. Private equity often involves deals of dizzying size to buy companies your average consumer has never heard of. Roark NEW YORK OFFICE 540 Madison Ave 37th Floor New York, NY 10022 Phone (212) 806-6000 Fax (212) 518-2028 www.roarkcapital.com 1-800 Radiator is the largest franchised automotive parts distributor in North America. 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. The brand offers one of the most innovative and diverse menus in the quick-service restaurant industry, with more than 30 unique sandwiches and 8 different types of protein. Roark Capital Group Investor Profile: Portfolio & Exits | PitchBook Media ContactBrandi Neloms, Sr. Communications Manager[emailprotected] 704-644-8151, Cision Distribution 888-776-0942 Founded in 2006, Streamline Brands is a leading franchisor and
Wingstop has a total market capitalization of a gigantic $4.73 billion! 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 . "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. 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. Schlotzsky's is a chain of quick casual restaurants offering made-to-order sandwiches, soups, salads and pizza. Our Core Values define who we are, what we do and how we do it. 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 . "Arby's Restaurant Group" redirects here. Buffalo Wild Wings is the largest sports bar chain in the U.S., featuring an immersive sports restaurant experience and a variety of boldly flavored menu items, including buffalo-style chicken wings spun in over 20 signature sauces and seasonings. Get todays need-to-know restaurant industry intelligence. 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. Anon { relativeTimeResolver(1660511260487) }} LIVE Points 3. When typing in this field, a list of search results will appear and be automatically updated as you type. Fax (404) 591-5201 regarding PitchBook Data's products. 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. Sign up here. Who owns roark capital group? - Alexa Answers Youth Enrichment Brands encompasses US Sports Camps, i9 Sports, Streamline Brands, and U.S. Roark :: About Roark - Roark Capital Group who owns arbys Official 2023 They keep their companies autonomous, but they understand how to control costs and focus on getting the profit margins up.. Fitness Connection is a leading player in the "High Value, Low Price (HVLP)" segment of the fitness industry. 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: . Global network of franchises providing janitorial services, carpet cleaning, hard surface floor care, tile and grout cleaning, and upholstery cleaning. 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. READ MORE, Roark was named after Howard Roark, the protagonist in Ayn Rand's book The Fountainhead. By the end of the first year under Roark leadership, 21 new menu items were added. Inspire Brands is the franchisor and operator of the Arbys, Buffalo Wild Wings, Jimmy Johns, SONIC, Dunkin, and Baskin Robbins brands. 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 . Aronson will surrender 47,517 of the common shares to Cheesecake in exchange for $10.4 million in cash. 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. Roark Capital | LinkedIn 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. [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. We learn a lot from every company we evaluate, and then as we work with the companies., Making an acquisition is just the ticket to play, he adds. If the series of financial moves are completed as expected on June 15, Roark's interest in Cheesecake will be reduced to 2.4 million shares of common stock, or 4.6% of total shares outstanding. Founded in 1972, Meineke is an automotive aftermarket industry pioneer and leading provider of repair and maintenance services. 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 company said Wednesday. The Company focuses on management of buy-outs, acquisitions, mergers, recapitalizations, restructuring . Environmental, Social and Governance (ESG), HVAC (Heating, Ventilation and Air-Conditioning), Machine Tools, Metalworking and Metallurgy, Aboriginal, First Nations & Native American. Previously, Okeson was a partner at Alston & Bird LLP in Atlanta, Georgia, where he spent 15 years specializing in corporate governance, mergers and acquisitions . US Sports Camps is the nations leading youth sports camp company, serving more than 100,000 campers across 1,200+ camps in 48 states. They are like the Warren Buffett of restaurants.. 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. Please Founded in 1999, KE Camps is the leading operator of day camps for country clubs,
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. Atlanta investment firm scoops up Culver's stock - Madison That step will leave him with 2.4 million shares. Some firms seek investments that fit into specific size parameters. 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. Here's what Roark is offering, and what this means for the company, its shareholders and the struggling restaurant industry. Inspire operates Support Centers in Atlanta, Oklahoma City, Champaign, Minneapolis, and Canton, Massachusetts. Neal K Aronson is Managing Partner/Founder at Roark Capital Group. Were just not big believers in shortcuts, Aronson says. 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 . RB American is the largest Arby's franchisee, operating 370 restaurants across 9 states. The Bar Method is a leading low-impact studio fitness franchise with locations across the US and Canada. Merry Maids is a leading franchisor and provider of home cleaning services. 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. Rating. 1180 Peachtree Street NE 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. Cheesecake opted to trade 200,000 shares of preferred stock to Roark for $200 million. The buyback more than doubled Roark's initial investment. privacy policy or contact Makers of industrial parts and telecom infrastructure providers play a crucial role in the economy, but you don't see their commercials on TV. The acquisitions are a team effort, Hill says, relying on Roarks operational, financial, and other resources. Some investors, including university endowments and investment managers, have invested in all three, a sign of Roarks performance. Roark Capital Group acquired Corner Bakery in 2011 from Il Fornaio Corporation. Aronson launched the firm in 2001 and named it for Howard Roark, the protagonist architect in Ayn Rands novel, The Fountainhead. Greenwood Village, CO. Leeds West Groups (LWG) was founded in 2009 by current CEO and Board Member Judd Shader and is . Healthy Contributions (Self Esteem Brands), International Car Wash Group (Driven Brands), Seattle's Best International (FOCUS Brands), ServiceMaster Clean (ServiceMaster Brands), ServiceMaster Restore (ServiceMaster Brands), Streamline Brands (Youth Enrichment Brands), U.S. Roark has a history of creating jobs, providing opportunities, and helping people and companies realize their potential. 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. Anytime Fitness is the largest fitness franchise in the world, with gym facilities open 24 hours a day, 365 days a year. Jamba is a category-leading smoothie and juice chain that offers a variety of high quality smoothies, juices, bowls and other products. Roark Capital Group Acquires Miller's Ale House - PR Newswire Arbys same-store sales rose 2.8 percent last year and have grown every quarter since Roark acquired the chain. SONIC is the largest drive-in chain in the United States, well-known for its unique drive-in format, carhop service model, and broad menu of food and beverages with over 1.3 million drink combinations. Driven Brands is the largest automotive services company in North America. 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. For 91 years, we've been helping people take control of their financial futures. Roark Capital Group serves customers in the United States. Theres also Green Burrito and Red Burrito, which cobrand with some Carls Jr. and Hardees, while Roark also franchises Seattles Best Coffee internationally. AmeriSpec is a leading franchisor and provider of residential and commercial real estate inspection services. Corner Bakery Files for Bankruptcy Protection As Office Worker Romaniello and Hill moved to Roark in 2008 to help with acquisitions and operations. 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 . ", 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. For more information, please visit www.roarkcapital.com. Roark Capital Group Affiliates. 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.. Take 5 Oil Change has a phenomenal brand, operating model, and team led by Marc. Fax (212) 518-2028 Finally, in 2015, the final answer to the previous question, who owned Wingstop? Roark Capital Group finalized its deal to acquire Buffalo Wild Wings for $2.9 billion on February 5. Cheesecake opted to trade 200,000 shares of preferred stock to Roark for $200 million, Bojangles makes no bones about its future, Pollo Tropical starts the year off with more customers and better profits, For Wendy's, keeping pace with competitors is harder than it looks, Jack in the Box reaches a 'turning point' in its bid for growth, Chevys Fresh Mex owner adds 2 more brands to portfolio. 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. Theyre all different, and so I think weve gotten better at it, he says. 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. [21][22] The acquisition was completed on December 15, 2020. Bill Derwin, CEO of ICWG, said, "Roark brings a deep understanding of the consumer and an operational expertise that complements our business. Fax (404) 591-5201 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. [16], Inspire Brands on September 25, 2018 announced that it was buying Oklahoma City-based Sonic Drive-In for $2.3 billion. Roark Acquires Great Expressions Dental Centers Healthy Contributions (Self Esteem Brands), International Car Wash Group (Driven Brands), Seattle's Best International (FOCUS Brands), ServiceMaster Clean (ServiceMaster Brands), ServiceMaster Restore (ServiceMaster Brands), Streamline Brands (Youth Enrichment Brands), U.S. [10][19] The deal closed on October 18, 2019. Buffalo Wild Wings' Owner Has Diverse Empire - Business Insider To this day, Wingstop is still under the Roark Capital Group. We dont know when yet, but it will happen, he says. Texas-based Corner Bakery Caf files for Chapter 11 bankruptcy Mathnasium is a leading franchisor of math learning centers with over 1,000 locations across 46 states and 12 countries. It met Roarks expertise then: a franchised business in the hospitality arena. Phone (404) 591-5200 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. It was founded by Jimmy John Liautaud in 1983 and is headquartered in Champaign, Illinois. 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. Who Owns Roark Clothing - BikeHike Roark Capital Group - Crunchbase Investor Profile & Investments He now owns the Gulfstream G-IV with registration . serving 10,000+ campers per year. Youll see us sell some companies over time, and youll see us take some companies public. Share Your Design Ideas, New JerseysMurphy Defends $10 Billion Rainy Day Fund as States Economy Slows, What Led to Europes Deadliest Train Crash in a Decade, This Week in Crypto: Ukraine War, Marathon Digital, FTX. McAlister's is a franchise chain of quick casual restaurants offering a variety of sandwiches, salads, soups, wraps and desserts. Affiliates of Roark Capital Group have sold the Dallas-based Corner Bakery Cafe brand to Pandya Restaurant Growth Brands LLC, the companies said Thursday. "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.". Roark NEW YORK OFFICE 540 Madison Ave 37th Floor New York, NY 10022 Phone (212) 806-6000 Fax (212) 518-2028 www.roarkcapital.com 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. 11.16.21 ROARK INVESTMENT Roark Capital Acquires Mathnasium READ MORE . It was the public. GROUP. 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. So far, it seems the risk is paying off. About Roark Capital Group. 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. Merry Maids is a leading franchisor and provider of home cleaning services. The stake will be controlled by Roark founder and managing partner Neal Aronson, according to securities documents filed Monday. Global network of franchises providing residential and commercial restoration services, including water damage, smoke and fire damage, mold remediation, and disaster recovery. With this acquisition, Driven Brands continues to expand its Quick Lube division, which also includes Pro Oil Change and Driven Florida Lubes. The firm has $3 billion in capital under management, raised through three successively larger private-equity funds. 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. FOCUS Brands is the parent company of Auntie Anne's, Carvel, Cinnabon, Jamba, McAlisters, Moe's Southwest Grill, Schlotzsky's and the franchisor of Seattle's Best Coffee on certain military bases and in certain international markets. refer to our 2023 PitchBook. Founded in 1988, U.S. Since inception, affiliates of Roark have invested in 61 franchise/multi-unit brands which collectively generate $25 billion in annual system revenues from 28,000 locations in 50 states and 78 countries. Cinnabon and some franchising rights for Seattles Best Coffee were then acquired in 2004. Nov 2009 - Dec 202213 years 2 months. [14] In September 2018, Inspire had the 27-location R Taco reverted to the Rusty Taco name. Roark Capital Acquires Nothing Bundt Cakes | Business Wire 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 . Mathnasium is a leading franchisor of math learning centers with over 1,000 locations across 46 states and 12 countries. ", 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.". The company, which was sold by Roark Capital Group to Pandya Restaurant Growth Brands in October 2020, has two locations in San Antonio, Texas. 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. Known as 'America's Bodyshop', Maaco is a leading provider of auto painting and light collision repair services. The deals became larger and more diversefast-casual, full-service, and quick-service restaurants, including some with company-owned units, not just franchisees. Rick Ross Wingstop - Everything Should Know Reverb Press Our team will review your remarks prior to publishing. CHARLOTTE, N.C., March 30, 2016 /PRNewswire/ -- Driven Brands, a portfolio company of Roark Capital and the nation's leading automotive franchisor . ServiceMaster will rename itself Terminix, sell Brands segment Private-equity firm had taken minority stake in fast-casual Middle Eastern concept in 2015, 2023 Informa USA, Inc., All rights reserved, NRN editors talk about the NRAs recent report, what happens when children are banned from restaurants, and celebrity marketing, Duffys Sports Grill Mastered Gift Cards in a Flash, Examining new ways to collect restaurant guest data, It's time to Roll Up to Win at Tim Hortons with exciting new prizes, Subway opens new dual headquarters building in Miami, Menu Tracker: New items from Burger King, KFC, and Chipotle, San Diegos Trust Restaurant Group drives retention, innovation with culture of yes, Nations Restaurant News launches new CREATE Roadshow event series, Allowed HTML tags: .
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