Atlanta, Georgia 30309 Nothing Bundt Cakes is a leading franchisor and operator of gourmet bakeries. Roark focuses on investments in consumer and business service companies, with a specialization in franchise and franchise-like business models. Inspire Brands, Inc. is an American holding company and the owner and franchisor of the Arby's, Buffalo Wild Wings, Sonic Drive-In, Jimmy John's, Mister Donut, Dunkin' Donuts and Baskin-Robbins restaurant chains. 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. Roark ATLANTA OFFICE 1180 Peachtree Street NE Suite 2500 Atlanta, Georgia 30309 Phone (404) 591-5200 Fax (404) 591-5201 www.roarkcapital.com. Phone (404) 591-5200 Baseball Academy brings together college and high school coaches to provide camp programs to aspiring baseball and softball players across the United States. Roark Capital founder Neal Aronson has helped the firm grow to include several premier quick-service companies, including CKE and Arbys. Youth Enrichment Brands encompasses US Sports Camps, i9 Sports, Streamline Brands, and U.S. CARSTAR is the largest franchise network of automotive collision repair shops in North America. Theyre very entrepreneurial., Besides, he says, theyre just plain good guys.. Driven Brands has more than 2,000 centers across North America, and combined, all businesses generate more than $2.1 billion in system sales. [18], Inspire Brands announced that it was buying Jimmy John's on September 25, 2019. | Roark is an Atlantabased private equity firm with $35 billion in assets under management. US Sports Camps offering spans 19 different physical sports, Esports, and academic programs for campers ranging from 6 to 18 years old. Phone (404) 591-5200 Roark Capital Group General Information. Web page addresses and e-mail addresses turn into links automatically. Cheesecake operates its namesake brand and a high-volume Italian casual concept called North Italia. We then focus our time on what are those three or four key strategic initiatives for that business., Nash, who died in 2008, passed on several lessons to Aronson, one of the biggest being that the best investments require great patience. 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. 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. The purchase of the burger chains parent, CKE Inc., which has nearly 3,450 units around the world, is Roarks biggest deal yet, and it solidified the 13-year-old firms position as one of the worlds largest limited-service dining companies. Thats key. Roark Capital Group owns other dining-out favorites, including Arby's, Auntie Anne's, Cinnabon, Carvel Ice Cream, Moe's Southwest Grill, and Wingstop. www.roarkcapital.com, Roark Furniture Medic is a global leader and franchisor in the furniture repair and restoration industry. serving 10,000+ campers per year. When typing in this field, a list of search results will appear and be automatically updated as you type. Pet Supermarket is the largest specialty retailer of pet food and pet-related supplies based in the southeastern US. 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. Jul 22, 2013, 08:00 ET. www.roarkcapital.com, Roark 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 . The private-equity firm helped turn around Arby's after buying a majority stake in 2011. 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. Founded in 2001, Roark Capital Group is a private equity firm based in Atlanta, Georgia. The fast . [16], Inspire Brands on September 25, 2018 announced that it was buying Oklahoma City-based Sonic Drive-In for $2.3 billion. Founded in 1975 and headquartered in San Rafael, CA, US Sports camps is the licensed operator of Nike Sports Camps. 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. As of 2021, Wingstop makes a net income of about $42 million a year. Who owns Miller's Ale House? Makers of industrial parts and telecom infrastructure providers play a crucial role in the economy, but you don't see their commercials on TV. Fax (212) 518-2028 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. Who is the CEO of Sonic? Roark Capital Group finalized its deal to acquire Buffalo Wild Wings for $2.9 billion on February 5. In its 13 years in existence, Roark has sold only three companies. Bill Derwin, CEO of ICWG, said, "Roark brings a deep understanding of the consumer and an operational expertise that complements our business. Cinnabon is an American chain of bakeries known for their "World Famous Cinnamon Rolls.". It was founded by Jimmy John Liautaud in 1983 and is headquartered in Champaign, Illinois. A massive private equity firm, Atlanta-based Roark owns varied franchise brands including Anytime Fitness and Massage Envy, along with Inspire Brands and Focus . Roark focuses on middle-market investment opportunities through family-owned business transfers, anagement/corporate buyouts, recapitalizations, going-private transactions, and corporate divestitures. It was the public. The Company focuses on management of buy-outs, acquisitions, mergers, recapitalizations, restructuring, business transfers, corporate divestiture, and other situations. 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. Our greater purpose reminds us to appreciate who we work hard for each daywhen Roark does well, more kids go to college, more research gets done for curing disease and the people who protect our streets and teach our kids get a better life. 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. Arbys is the largest drive-thru sandwich chain in the United States. Although CKE has debtthe company refinanced $1 billion last yearAronson says its very manageable. Roark Capital Group serves customers in the United States. Elane served as Group President of Kimberly-Clark International and Global President of Kimberly . Weve been so busy we just havent had the time to put these up yet, says Neal Aronson, Roarks founder and managing partner, smiling down at the frames. 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 . McAlister's is a franchise chain of quick casual restaurants offering a variety of sandwiches, salads, soups, wraps and desserts. Jamba is a category-leading smoothie and juice chain that offers a variety of high quality smoothies, juices, bowls and other products. He has conviction, passion, unbelievable honesty, openness, and hes loyal and trustworthy. The boardroom at Roark Capital Group's offices in an Atlanta skyscraper has all the accoutrements of a nicely appointed meeting area, including a large conference table surrounded by comfortable chairs and a wide view of the city below.There's just one distinction: Two dozen black-framed notices of the private equity firm's acquisitions dot the walls along the narrow sides of the room. Flower Child is a growing, fast casual restaurant offering a customizable menu, made fresh from scratch, featuring locally-sourced, all-natural and organic ingredients. 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. 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 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. Howard Roarks characteristics led to Roark Capitals 12 core values, including commitment, integrity, collaboration, and accountability. There was talent at Carvel that Cinnabon could benefit from, and talent at Cinnabon that Carvel could use.. Orangetheory Fitness is one of the largest and fastest growing franchisors in the studio-based fitness market. It met Roarks expertise then: a franchised business in the hospitality arena. . 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. Our goal is to be the preferred capital source for private equity solutions by earning the respect of everyone we interact with. 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. Today, we're one of the world's largest investment management organizations, managing $2.2 trillion.*. Roark has a history of creating jobs, providing opportunities, and helping people and companies realize their potential. 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. Naf Naf Grill and an investor group bought out the minority ownership of Roark Capital. AmeriSpec is a leading franchisor and provider of residential and commercial real estate inspection services. Take 5 is a leading provider of oil change services through a convenient drive-thru format with fast, friendly customer experience. Inspire Brands and Roark Capital Group own Arby's. The two companies are the parent organizations of Arby's. Inspire Brands is an American holding company and the owner and franchiser of many food industry companies, such as Arby's, Buffalo Wild Wings, Sonic Drive-In, Jimmy John's, Rusty Taco, and others. 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. For 91 years, we've been helping people take control of their financial futures. 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. In 1995, he helped launch U.S. Global network of franchises providing janitorial services, carpet cleaning, hard surface floor care, tile and grout cleaning, and upholstery cleaning. Roark Capital Group acquired Corner Bakery in 2011 from Il Fornaio Corporation. 37th Floor They have perfected their processes and deliver industry leading customer service. They are like the Warren Buffett of restaurants.. Suite 2500 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. Roark prides itself on partnering with entrepreneurs and executives who share this vision of growth and success across all stakeholders. Roark Capital Group , an Atlanta-based private equity firm, acquired Miller's Ale House, a growing casual dining restaurant chain, from owners Jack Miller, KarpReilly and SKM Equity Fund III. Lines and paragraphs break automatically. Please For over 30 years, Culvers guests have been treated to cooked-to-order food made with farm-fresh ingredients, served with a smile. Roark Capital Group, that currently owns the Schlotzsky's, Carvel, Cinnabon, Moe's Southwest Grill, McAlister's Deli, Auntie Anne's and Jamba brands. We like growth, and were looking to invest in growth.. Pet Supermarket is the largest specialty retailer of pet food and pet-related supplies based in the southeastern US. 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 . 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: . Contact Ron Ruggless at [emailprotected], /sites/all/themes/penton_subtheme_nrn/images/logos/footer.png. Affiliates of Roark Capital Group have sold the Dallas-based Corner Bakery Cafe brand to Pandya Restaurant Growth Brands LLC, the companies said Thursday. 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. Roark managing partner Neal Aronson will retain control of a 4.6% stake. I agree to receive PitchBook Data's electronic newsletters, updates, promotions and related messages Sign up to receive texts from Restaurant Business on news and insights that matter to your brand. Baseball Academy. Luther is Arbys chairman. The Bar Method is a leading low-impact studio fitness franchise with locations across the US and Canada. Affiliates of Roark Capital Group have sold the Dallas-based Corner Bakery Cafe brand to Pandya Restaurant Growth Brands LLC, the companies said Thursday. When the company was sold in 2000, it had three brands and some 500 hotels in all 50 states and five countries. The buyback more than doubled Roark's initial investment. 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 | 12,241 followers on LinkedIn. 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. Our business services investments have included Divisions Maintenance Group, Driven Brands,ServiceMaster Brands, Installation Made Easy, and previously Solterra Recycling Solutions, Batteries Plus Bulbs, CyberCore, FASTSIGNS, Money Mailer, Peachtree Business Products, PSC, Quala, Waste Pro, and GFL Environmental. Baseball Academy brings together college and high school coaches to provide camp programs to aspiring baseball and softball players across the United States. The purchases were financed primarily through Roarks first private equity fund. 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. 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 . 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. . Self Esteem Brands is the parent company of Anytime Fitness, Basecamp Fitness, The Bar Method, Waxing the City, Stronger U, and Healthy Contributions. Culver's is a family-favorite restaurant known for their ButterBurgers, Fresh Frozen Custard & Wisconsin Cheese Curds. Founded in 1984, Take 5 Oil Change operates 65 quick oil change facilities across nine states throughout the Southeast. Phone (212) 806-6000 Inspire Brands is the franchisor and operator of the Arbys, Buffalo Wild Wings, Jimmy Johns, SONIC, Dunkin, and Baskin Robbins brands. 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.. Article continues below . 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. Founded in 1972, Meineke is an automotive aftermarket industry pioneer and leading provider of repair and maintenance services. 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. Our name signifies our admiration for the qualities embodied by Howard Roark but, as a firm of diverse viewpoints, it does not signify adherence to any particular political philosophy. 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. 1-800 Radiator is the largest franchised automotive parts distributor in North America. 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. 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. 540 Madison Ave 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 . Finally, in 2015, the final answer to the previous question, who owned Wingstop? [9] On August 28, 2018, Georgia Governor Nathan Deal announced that Inspire was moving its headquarters to Sandy Springs, Georgia in 2019. The brand offers 8- and 10-inch bundt cakes, Bundtlets and Bundtinis in multiple flavors that are hand-crafted and baked on-site. You don't drive past their logos every time you leave the house. The transaction will apparently not cost Paul Ginsberg, Roark Capitals president, his seat on Cheesecakes board. New York, NY 10022 Marcato, which owns a 6.4 percent stake in the wing chain, launched its campaign . 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. 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. The five times weekly e-newsletter that keeps you up-to-date on the latest industry news and additions to this website. NEW YORK OFFICE So far, it seems the risk is paying off. 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. Become a Restaurant Business member today and unlock exclusive benefits, including unlimited access to all of our content. 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. Founded in 1983, Jimmy John's offers high-quality sandwiches with rapid preparation. Win whats next. When typing in this field, a list of search results will appear and be automatically updated as you type. Founded in 1975 and headquartered in San Rafael, CA, US Sports camps is the licensed operator of Nike Sports Camps. The Denver company . As the Atlanta-based private equity firm that owns Massage Envy, Roark Capital Group published a plan in 2017 to address the . Roark differs in many ways from other private equity companies. Email this Business. [8] Inspire Brands is majority-owned by affiliates of Roark Capital Group. Founded in 1972, Meineke is an automotive aftermarket industry pioneer and leading provider of repair and maintenance services. HOME Franchisees trust in the owners rose dramatically. Global network of franchises providing residential and commercial restoration services, including water damage, smoke and fire damage, mold remediation, and disaster recovery. Basecamp Fitness is a growing network of fitness studios featuring high-intensity and high-energy workout sessions. Anon { relativeTimeResolver(1660511260487) }} LIVE Points 3. 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. Fax (212) 518-2028 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. 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: . from 8 AM - 9 PM ET. RB AMERICAN. ", "This is a tremendous opportunity for Take 5 Oil Change to grow our business to the next level," said Graham. 1180 Peachtree Street NE Anytime Fitness is the largest fitness franchise in the world, with gym facilities open 24 hours a day, 365 days a year. Wendy's owns about 18.5 percent of Arby's, with their stake valued at around $325.9 . 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. As a private equity company, we will need to, and will divest companies, Aronson says. READ MORE, Site Map | Search | Terms of Use | Privacy Policy | Accessibility, Roark 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. Author has 4.2K answers and 3.1M answer views. 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. He is my all-time favorite character in any book, Aronson says. Neal K Aronson is Managing Partner/Founder at Roark Capital Group. Mathnasium is a leading franchisor of math learning centers with over 1,000 locations across 46 states and 12 countries. The numbers on this page are based on contributions of $200 or more from PACs and individuals to federal candidates and from PAC, individual and soft . Roark Capital Acquires Fitness Connection. By the end of the first year under Roark leadership, 21 new menu items were added. 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. Jamba is a category-leading smoothie and juice chain that offers a variety of high quality smoothies, juices, bowls and other products. Orangetheory Fitness is one of the largest and fastest growing franchisors in the studio-based fitness market. He now owns the Gulfstream G-IV with registration . 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.
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