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 . 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. NEW YORK OFFICE [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. 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. The Big Take is the very best of Bloomberg's in-depth, original reporting from around the globe every day. [21][22] The acquisition was completed on December 15, 2020. Known as 'America's Bodyshop', Maaco is a leading provider of auto painting and light collision repair services. 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. In the book, the character doesnt bow to conventional wisdom and is seen as an authentic innovator. Neal K Aronson is Managing Partner/Founder at Roark Capital Group. us for more details. 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. 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. Roark Capital Group Contact: Debra Vilchis Fishman Public Relations 847-945-1300 [emailprotected], Cision Distribution 888-776-0942 ATLANTA, Feb. 4, 2019 /PRNewswire/ -- Roark Capital, an Atlanta -based private equity firm focused on investing in multi-unit businesses, announced today . Cinnabon is an American chain of bakeries known for their "World Famous Cinnamon Rolls.". Some firms seek investments that fit into specific size parameters. Registered in England and Wales. Baseball Academy. 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. 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. 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. Arbys same-store sales rose 2.8 percent last year and have grown every quarter since Roark acquired the chain. [14] In September 2018, Inspire had the 27-location R Taco reverted to the Rusty Taco name. 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.. Jamba is a category-leading smoothie and juice chain that offers a variety of high quality smoothies, juices, bowls and other products. 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. Here's What It Said, Supporting New Restaurant Franchisees, By Experience Level, The Power of Transformation in the Restaurant World, Fast-Food Chains Turn Focus to Better In-App Experiences, How to Effectively Market a Restaurant Anniversary. Founded in 1999, KE Camps is the leading operator of day camps for country clubs, 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. Its two full-service restaurant chains are Il Fornaio and Millers Ale House. Schlotzsky's is a chain of quick casual restaurants offering made-to-order sandwiches, soups, salads and pizza. . In 2016, Liautaud sold an estimated 65% of the business to Inspire's parent company, the Atlanta-based private equity firm Roark Capital, in a deal that valued Jimmy John's at around $3 . Flower Child is a growing, fast casual restaurant offering a customizable menu, made fresh from scratch, featuring locally-sourced, all-natural and organic ingredients. These are very smart people, he says. The moves largely undo Roarks $200 million equity investment in Cheesecake back in April 2020, when the pandemic was just beginning. International House of Pancakes, LLC is a wholly-owned subsidiary of Dine Brands Global (NYSE: DIN). Media ContactBrandi Neloms, Sr. Communications Manager[emailprotected] 704-644-8151, Cision Distribution 888-776-0942 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 . As the Atlanta-based private equity firm that owns Massage Envy, Roark Capital Group published a plan in 2017 to address the . Founded in 1988, U.S. Since inception, affiliates of Roark have acquired 105 franchise/multilocation brands which generate approximately $70 billion in system revenues from ~67,700 locations located in 50 states and 89 countries. | Roark is an Atlantabased private equity firm with $35 billion in assets under management. . In the multi-step deal spelled out in Mondays SEC filings, Roark will distribute 150,000 of its 200,000 preferred Cheesecake shares to three subsidiaries. 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. 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 . Auntie Anne's menu includes hand-rolled soft pretzels baked in-store, Pretzel Nuggets, beverages (including signature lemonade) and Pretzel Dogs. 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. If you work your tail off and follow the rules, you can be successful. They have perfected their processes and deliver industry leading customer service. Our Core Values define who we are, what we do and how we do it. [18], Inspire Brands announced that it was buying Jimmy John's on September 25, 2019. In 2006, Brinker sold the company ( but still owns Maggiano's ), and Corner Bakery Cafe began franchising a year later. Roark focuses on franchised and multi-unit business models in the retail, restaurant, consumer and business services sectors. ATLANTA OFFICE Cinnabon and some franchising rights for Seattles Best Coffee were then acquired in 2004. In 1995, he helped launch U.S. Phone (212) 806-6000 How are the unit-level economics? Roark owns a huge stable of franchised restaurant brands through its two main holdings, Focus Brands and Inspire Brands. www.roarkcapital.com, Roark [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. In the early days, there were real synergies and reasons to put companies together in Focus, says Hill, who became Cinnabons president. Nothing Bundt Cakes is a leading franchisor and operator of gourmet bakeries. 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. The brand offers 8- and 10-inch bundt cakes, Bundtlets and Bundtinis in multiple flavors that are hand-crafted and baked on-site. CKE is one of the world's largest franchisors and operators of quick-service restaurants under the Carls Jr. and Hardees brand banners. Phone (404) 591-5200 Founded in 1975 and headquartered in San Rafael, CA, US Sports camps is the licensed operator of Nike Sports Camps. The Bar Method is a leading low-impact studio fitness franchise with locations across the US and Canada. Suite 2500 Become a Restaurant Business member today and unlock exclusive benefits, including unlimited access to all of our content. Youth Enrichment Brands encompasses US Sports Camps, i9 Sports, Streamline Brands, and U.S. Baseball Academy (Youth Enrichment Brands), U.S. Sports Camps (Youth Enrichment Brands), Roark Portfolio Employees Assistance Fund. 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. Fax (212) 518-2028 Today, we're one of the world's largest investment management organizations, managing $2.2 trillion.*. In its 13 years in existence, Roark has sold only three companies. Do not sell my personal infoPrivacy PolicyContact UsRSS, Cheesecake Factory buys most of Roark's stake for $457M. Is Arby's Roast Beef real or processed meat? It was the public. 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 . Miller's appears to be in good hands with its current owners. 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. [8] Inspire Brands is majority-owned by affiliates of Roark Capital Group. Founded in 1983, Jimmy John's offers high-quality sandwiches with rapid preparation. Elane served as Group President of Kimberly-Clark International and Global President of Kimberly . 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. Orangetheory Fitness is one of the largest and fastest growing franchisors in the studio-based fitness market. ", "This is a tremendous opportunity for Take 5 Oil Change to grow our business to the next level," said Graham. 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. Franchisees trust in the owners rose dramatically. Environmental, Social and Governance (ESG), HVAC (Heating, Ventilation and Air-Conditioning), Machine Tools, Metalworking and Metallurgy, Aboriginal, First Nations & Native American. You can unsubscribe at any time by clicking on the unsubscribe link at the bottom of our emails. I agree to receive PitchBook Data's electronic newsletters, updates, promotions and related messages Marcato, which owns a 6.4 percent stake in the wing chain, launched its campaign . 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. Atlanta, Georgia 30309 They are like the Warren Buffett of restaurants.. Please Founder & Chief Executive Officer. US Sports Camps is the nations leading youth sports camp company, serving more than 100,000 campers across 1,200+ camps in 48 states. Were growers, not cutters. Furniture Medic is a global leader and franchisor in the furniture repair and restoration industry. Roark Portfolio Employees Assistance Fund. ", 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. I called Neal and said, What have you gotten me into? Romaniello says. Private equity often involves deals of dizzying size to buy companies your average consumer has never heard of. Inspire operates Support Centers in Atlanta, Oklahoma City, Champaign, Minneapolis, and Canton, Massachusetts. The securities filing states that Aronson will have the discretion to manage the shares as he sees fit. Miscellaneous . 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. 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. Arby's owner Roark Capital Group said on Tuesday it would buy Buffalo Wild Wings Inc <BWLD.O> for $2.4 billion, . Greenwood Village, CO. Leeds West Groups (LWG) was founded in 2009 by current CEO and Board Member Judd Shader and is . Mathnasium is a leading franchisor of math learning centers with over 1,000 locations across 46 states and 12 countries. In 1996 Take 5 designed the first "5 Minute Drive-Thru Oil Change" location. 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. 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. 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. ABRA is a leading network of franchised automotive collision repair shops. Fitness Connection is a leading player in the "High Value, Low Price (HVLP)" segment of the fitness industry. US Sports Camps offering spans 19 different physical sports, Esports, and academic programs for campers ranging from 6 to 18 years old. Site Map | Search | Terms of Use | Privacy Policy | Accessibility, Roark We want CKE to reach their potential, just like all of Roarks other brands, he says. There were four CEOs in six years, a problem Aronson blames on previous ownership. At Roark, that patience is being tested with Arbys. He follows what he believes.. Take 5 is a leading provider of oil change services through a convenient drive-thru format with fast, friendly customer experience. That step will leave him with 2.4 million shares. Were just not big believers in shortcuts, Aronson says. Nov 2009 - Dec 202213 years 2 months. ICWG operates under the IMO banner in Europe and Asia-Pacific. Jimmy John's is one of the largest sandwich chains in the US. 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 . It is part of Flynn Restaurant Group which also operates 441 . Merry Maids is a leading franchisor and provider of home cleaning services. Image Credit: IHOP - Legacy Capital Investment Group IHOP restaurants are franchised and operated by Glendale, California-based International House of Pancakes, LLC and its affiliates. Inspire Brands is the franchisor and operator of the Arbys, Buffalo Wild Wings, Jimmy Johns, SONIC, Dunkin, and Baskin Robbins brands. Was decided. US Sports Camps is the nations leading youth sports camp company, serving more than 100,000 campers across 1,200+ camps in 48 states. [24], Inspire received Franchise Times 2019 Dealmaker of the Year award for its acquisitions of Buffalo Wild Wings and Sonic Drive-In.[25]. In the announcement, ServiceMaster says: "The transaction will position the . Suite 2500 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. McAlister's is a franchise chain of quick casual restaurants offering a variety of sandwiches, salads, soups, wraps and desserts. Franchise Systems, an Atlanta-based hotel franchisor that began with one brand and 22 hotels in nine states. He plans to structure the company similar to Hilton Hotels & Resorts. [9][10], Inspire Brands was formed when Arby's Restaurant Group merged with Buffalo Wild Wings on February 5, 2018. 37th Floor ServiceMaster Brands is the parent company of ServiceMaster Restore, ServiceMaster Clean, Merry Maids, TWO MEN AND A TRUCK, AmeriSpec, and Furniture Medic. 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. 37th Floor Global network of franchises providing residential and commercial restoration services, including water damage, smoke and fire damage, mold remediation, and disaster recovery. The Company focuses on management of buy-outs, acquisitions, mergers, recapitalizations, restructuring, business transfers, corporate divestiture, and other situations. Mathnasium is a leading franchisor of math learning centers with over 1,000 locations across 46 states and 12 countries. 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 . 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. 11.16.21 ROARK INVESTMENT Roark Capital Acquires Mathnasium READ MORE . 540 Madison Ave 1-800 Radiator is the largest franchised automotive parts distributor in North America. 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 ATLANTA OFFICE 1180 Peachtree Street NE Suite 2500 Atlanta, Georgia 30309 Phone (404) 591-5200 Fax (404) 591-5201 www.roarkcapital.com. Who owns roark capital group? Massage Envy is the leading provider of therapeutic massage and skincare services in the U.S. The Company focuses on management of buy-outs, acquisitions, mergers, recapitalizations, restructuring . Youth Enrichment Brands encompasses US Sports Camps, i9 Sports, Streamline Brands, and U.S. "Take 5 Oil Change is an ideal addition to our portfolio of brands. refer to our Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Jimmy John's Franchise, LLC is an American franchised sandwich fast food restaurant chain owned by Inspire Brands. READ MORE, Invest in Good is Roarks multi-faceted commitment to long-term social impact initiatives. The brand was named a Nations Restaurant News Hot Concept in 2016. They understand franchising, and they know brands and understand branding. [9] On August 28, 2018, Georgia Governor Nathan Deal announced that Inspire was moving its headquarters to Sandy Springs, Georgia in 2019. Roark focuses on middle market investment opportunities through family-owned business transfers, management and corporate buyouts . Later on, it was sold to the Roark Capital Group back in 2010. 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. Private-equity firm Roark Capital Group, which owns Atkins, is gearing up to seek a buyer for the low-carbohydrate-diet pioneer, according to people familiar with the matter. When typing in this field, a list of search results will appear and be automatically updated as you type. Founded in 1972, Meineke is an automotive aftermarket industry pioneer and leading provider of repair and maintenance services. 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. www.roarkcapital.com. By the time Focus Brands--an arm of Atlanta-based private equity firm, Roark Capital Group--took over the company in 2006 they had sold or closed all but one franchise. 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They did some digging, and went straight to the source: Arby's Quality Assurance. The acquisitions are a team effort, Hill says, relying on Roarks operational, financial, and other resources. 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. For more information visit www.roarkcapital.com. Fitness Connection is a leading player in the "High Value, Low Price (HVLP)" segment of the fitness industry. Romaniello became the operating partner, and Hill was added as vice president of franchising and foodservice. Inspire Brands is majority-owned by affiliates of Roark Capital Group. operator of swim schools for children of all ages, serving over 150,000 swimmers per year. Founded in 1999, KE Camps is the leading operator of day camps for country clubs, 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.
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