The acquisitions are a team effort, Hill says, relying on Roarks operational, financial, and other resources. Ron Ruggless | Oct 29, 2020. 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. 1-800 Radiator is the largest franchised automotive parts distributor in North America. Roark has a history of creating jobs, providing opportunities, and helping people and companies realize their potential. Furniture Medic is a global leader and franchisor in the furniture repair and restoration industry. Arby's owner Roark Capital Group said on Tuesday it would buy Buffalo Wild Wings Inc <BWLD.O> for $2.4 billion, . 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. In its 13 years in existence, Roark has sold only three companies. 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. Howard Roarks characteristics led to Roark Capitals 12 core values, including commitment, integrity, collaboration, and accountability. He is my all-time favorite character in any book, Aronson says. The franchisees hated the company, says Romaniello, now a Roark managing partner. 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. Maintaining Automated Tests in TAF for V1 platform for API testing 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. Roark Capital Group specializes in franchises in the food service, retail and consumer services industries. ", "This is a tremendous opportunity for Take 5 Oil Change to grow our business to the next level," said Graham. They keep their companies autonomous, but they understand how to control costs and focus on getting the profit margins up.. Most of Carvels resources had been diverted to its supermarket business, which angered franchisees. Our Core Values define who we are, what we do and how we do it. Email this Business. Finally, in 2015, the final answer to the previous question, who owned Wingstop? Jimmy John's and Rusty Taco parent company has completed its acquisition of Dunkin' Brands Group for $11.3 billion (or . Here's what Roark is offering, and what this means for the company, its shareholders and the struggling restaurant industry. ", 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. The purchases were financed primarily through Roarks first private equity fund. The company, which was sold by Roark Capital Group to Pandya Restaurant Growth Brands in October 2020, has two locations in San Antonio, Texas. We want to partner with entrepreneurs and executives who share this vision. Founded in 1988, U.S. The transaction will apparently not cost Paul Ginsberg, Roark Capitals president, his seat on Cheesecakes board. Founded in 2006, Streamline Brands is a leading franchisor and 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. When the company was sold in 2000, it had three brands and some 500 hotels in all 50 states and five countries. Inspire operates Support Centers in Atlanta, Oklahoma City, Champaign, Minneapolis, and Canton, Massachusetts. 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. 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. www.roarkcapital.com, Roark Roark Capital Group owns other dining-out favorites, including Arby's, Auntie Anne's, Cinnabon, Carvel Ice Cream, Moe's Southwest Grill, and Wingstop. 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. 37th Floor Culver's is a family-favorite restaurant known for their ButterBurgers, Fresh Frozen Custard & Wisconsin Cheese Curds. Baseball Academy. Do not sell my personal infoPrivacy PolicyContact UsRSS, Cheesecake Factory buys most of Roark's stake for $457M. At Roark, that patience is being tested with Arbys. . 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 . I called Neal and said, What have you gotten me into? Romaniello says. 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. This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. As chief financial officer at U.S. . 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 . Youth Enrichment Brands encompasses US Sports Camps, i9 Sports, Streamline Brands, and U.S. Wendy's owns about 18.5 percent of Arby's, with their stake valued at around $325.9 . "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.". Affiliates of Roark Capital Group have sold the Dallas-based Corner Bakery Cafe brand to Pandya Restaurant Growth Brands LLC, the companies said Thursday. 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. ATLANTA OFFICE If you work your tail off and follow the rules, you can be successful. Auntie Anne's menu includes hand-rolled soft pretzels baked in-store, Pretzel Nuggets, beverages (including signature lemonade) and Pretzel Dogs. Arbys is the largest drive-thru sandwich chain in the United States. 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 . How are the unit-level economics? Moe's Southwest Grill is the neighborhood burrito place offering flavorful Southwestern fare with a healthy twist. 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. Cinnabon and some franchising rights for Seattles Best Coffee were then acquired in 2004. 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. CKE is one of the world's largest franchisors and operators of quick-service restaurants under the Carls Jr. and Hardees brand banners. NEW YORK OFFICE By the end of the first year under Roark leadership, 21 new menu items were added. 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. You can unsubscribe at any time by clicking on the unsubscribe link at the bottom of our emails. Baseball Academy. Orangetheory Fitness is one of the largest and fastest growing franchisors in the studio-based fitness market. Sign up here. Uniban is a leading network of glass repair and replacement service centers across North America. www.roarkcapital.com, Roark [11][12] Arby's CEO Paul Brown was selected to continue as Inspire Brands CEO. 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. 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. Driven Brands Holdings Inc, one of the largest U.S. auto services franchisers, is looking to raise as much as $760 million . ICWG operates under the IMO banner in Europe and Asia-Pacific. 1-800 Radiator is the largest franchised automotive parts distributor in North America. Roark managing partner Neal Aronson will retain control of a 4.6% stake. We look first at the brand and the company, he says. Roark Capital | 12,241 followers on LinkedIn. The deal shocked an industry already stunned by the unprecedented market changes they were seeing as coronavirus shut down much of the nation. Pet Supermarket is the largest specialty retailer of pet food and pet-related supplies based in the southeastern US. Atlanta, Georgia 30309 www.roarkcapital.com, Roark Portfolio Employees Assistance Fund. Article continues below . 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. 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 . Merry Maids is a leading franchisor and provider of home cleaning services. US Sports Camps offering spans 19 different physical sports, Esports, and academic programs for campers ranging from 6 to 18 years old. Founder & Chief Executive Officer. Self Esteem Brands is the parent company of Anytime Fitness, Basecamp Fitness, The Bar Method, Waxing the City, Stronger U, and Healthy Contributions. Take 5 Oil Change has a phenomenal brand, operating model, and team led by Marc. Who owns roark capital group? Inspire Brands is the franchisor and operator of the Arbys, Buffalo Wild Wings, Jimmy Johns, SONIC, Dunkin, and Baskin Robbins brands. Meineke provides all regularly scheduled maintenance services, along with repair and replacement of vehicle components. In 1995, he helped launch U.S. 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. Cheesecake opted to trade 200,000 shares of preferred stock to Roark for $200 million. 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. ServiceMaster Brands is the parent company of ServiceMaster Restore, ServiceMaster Clean, Merry Maids, TWO MEN AND A TRUCK, AmeriSpec, and Furniture Medic. Franchise Systems, Aronson interacted regularly with two other executives, Steven Romaniello and Geoff Hill, who would later fill important operating and managing roles at Focus Brands and Roark. Will the Fast-Food Dining Room Live On After COVID? Bill Derwin, CEO of ICWG, said, "Roark brings a deep understanding of the consumer and an operational expertise that complements our business. Roark NEW YORK OFFICE 540 Madison Ave 37th Floor New York, NY 10022 Phone (212) 806-6000 Fax (212) 518-2028 www.roarkcapital.com They are like the Warren Buffett of restaurants.. 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. Naf Naf Grill and an investor group bought out the minority ownership of Roark Capital. Latest Addition to Driven Brands Strengthens Leadership Position in Automotive Aftermarket Services Industry. 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. 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. Environmental, Social and Governance (ESG), HVAC (Heating, Ventilation and Air-Conditioning), Machine Tools, Metalworking and Metallurgy, Aboriginal, First Nations & Native American. Inspire Brands is the franchisor and operator of the Arbys, Buffalo Wild Wings, Jimmy Johns, SONIC, Dunkin, and Baskin Robbins brands. 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. [21][22] The acquisition was completed on December 15, 2020. serving 10,000+ campers per year. Its two full-service restaurant chains are Il Fornaio and Millers Ale House. Roark's current brands include Anytime Fitness, Arby's, Atkins Nutritionals, Batteries Plus Bulbs, Carl Jr.'s, Corner Bakery, Driven Brands, FOCUS Brands (the owner of Auntie Anne's Pretzels, Carvel Ice Cream, Cinnabon, McAlister's Deli, Moe's Southwest Grill, and Schlotzsky's), Hardee's, Il Fornaio, Massage Envy, Miller's Ale House, Money Mailer, Naf Naf Grill, Orangetheory Fitness, Pet Supermarket, Pet Valu, Primrose Schools, Quala, Waxing the City, and Wingstop. What company owns Jimmy Johns? That step will leave him with 2.4 million shares. Who owns Miller's Ale House? As of 2021, Wingstop makes a net income of about $42 million a year. 11.16.21 ROARK INVESTMENT Roark Capital Acquires Mathnasium READ MORE . Our portfolio companies span multiple industries including food, restaurants, consumer and business services, health, wellness and fitness, and education and youth activities. Were growers, not cutters. 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 Capital Group is an Atlanta-based private equity firm with over $6 billion in equity capital. Roark Capital Group, that currently owns the Schlotzsky's, Carvel, Cinnabon, Moe's Southwest Grill, McAlister's Deli, Auntie Anne's and Jamba brands. www.roarkcapital.com, Roark How a young private equity firm came to own 16 restaurant brands with $11 billion in systemwide sales. Romaniello and Hill moved to Roark in 2008 to help with acquisitions and operations. Anon { relativeTimeResolver(1660511260487) }} LIVE Points 3. Roark focuses on investments in consumer and business service companies, with a specialization in franchise and franchise-like business models. 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 . Mar 30, 2016, 11:48 ET. The firm also provides the capital for operators to reach their goals. I agree to receive PitchBook Data's electronic newsletters, updates, promotions and related messages Flower Child is a growing, fast casual restaurant offering a customizable menu, made fresh from scratch, featuring locally-sourced, all-natural and organic ingredients. Roark Capital Group finalized its deal to acquire Buffalo Wild Wings for $2.9 billion on February 5. Suite 2500 from 8 AM - 9 PM ET. 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. 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. us for more details. ServiceMaster Brands is the parent company of ServiceMaster Restore, ServiceMaster Clean, Merry Maids, TWO MEN AND A TRUCK, AmeriSpec, and Furniture Medic. New York, NY 10022 The deals became larger and more diversefast-casual, full-service, and quick-service restaurants, including some with company-owned units, not just franchisees. It was founded by Jimmy John Liautaud in 1983 and is headquartered in Champaign, Illinois. operator of swim schools for children of all ages, serving over 150,000 swimmers per year. The latest from Restaurant Business, sent straight to your inbox. CHARLOTTE, N.C., March 30, 2016 /PRNewswire/ -- Driven Brands, a portfolio company of Roark Capital and the nation's leading automotive franchisor .
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