Our goal is to be the preferred capital source for private equity solutions by earning the respect of everyone we interact with. Arby's owner Roark Capital Group said on Tuesday it would buy Buffalo Wild Wings Inc <BWLD.O> for $2.4 billion, . The Company focuses on management of buy-outs, acquisitions, mergers, recapitalizations, restructuring . Greenwood Village, CO. Leeds West Groups (LWG) was founded in 2009 by current CEO and Board Member Judd Shader and is . Our team will review your remarks prior to publishing. International Car Wash Group is the world's largest local car wash company, with operations in the U.S., Europe and Australia. The things that were wrong we saw as fixable, as long as we had time, Aronson says, noting that a private company has that luxury. Naf Naf Grill, investor group buy out Roark ownership Founded in 1988, U.S. Founded in 2006, Streamline Brands is a leading franchisor and Roark is an Atlantabased private equity firm with $33 billion in assets under management. ATLANTA OFFICE About Take 5 Oil ChangeTake 5 Oil Change has been serving customers for more than 30 years. [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. ABRA is a leading network of franchised automotive collision repair shops. Bill Derwin, CEO of ICWG, said, "Roark brings a deep understanding of the consumer and an operational expertise that complements our business. Affiliates of Roark Capital Group have sold the Dallas-based Corner Bakery Cafe brand to Pandya Restaurant Growth Brands LLC, the companies said Thursday. Roark Capital Group Investor Profile: Portfolio & Exits | PitchBook Founded in 1999, KE Camps is the leading operator of day camps for country clubs, For 91 years, we've been helping people take control of their financial futures. Auntie Anne's menu includes hand-rolled soft pretzels baked in-store, Pretzel Nuggets, beverages (including signature lemonade) and Pretzel Dogs. As of 2021, Wingstop makes a net income of about $42 million a year. CHARLOTTE, N.C., March 30, 2016 /PRNewswire/ -- Driven Brands, a portfolio company of Roark Capital and the nation's leading automotive franchisor . Suite 2500 Roark Capital Group acquires Jim 'N Nick's Bar-B-Q Founded in 2006, Streamline Brands is a leading franchisor and 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. Roark Capital Group Inc. operates as a private equity firm. Ron Ruggless | Oct 29, 2020. Orangetheory Fitness is one of the largest and fastest growing franchisors in the studio-based fitness market. ", 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.". Jul 22, 2013, 08:00 ET. NEW YORK OFFICE Our Core Values have always guided the ways we support our people, businesses, and community, and guide us in how we Invest in Good. 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 . AmeriSpec is a leading franchisor and provider of residential and commercial real estate inspection services. Arby's restaurant owner Roark Capital Group will buy Buffalo Wild Wings for $2.4 billion, months after an activist investor won seats on the chicken wing restaurant's board following a proxy . Roark Capital-owned Driven Brands targets over $3 bln valuation in IPO. The New Jersey State Investment Council, which manages investments in seven public pension funds, committed up to $100 million to the private equity firms latest fund in 2012 after the agencys staff cited Roarks impressive track record and strong returns. Founded in 1972, Meineke is an automotive aftermarket industry pioneer and leading provider of repair and maintenance services. . In the book, the character doesnt bow to conventional wisdom and is seen as an authentic innovator. . 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. 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. [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. [20], Inspire Brands on October 25, 2020 announced that it was buying Dunkin' Brands for $11.3 billion. Moe's Southwest Grill is the neighborhood burrito place offering flavorful Southwestern fare with a healthy twist. Roark Capital Acquires ServiceMaster Brands. The deal shocked an industry already stunned by the unprecedented market changes they were seeing as coronavirus shut down much of the nation. Nothing Bundt Cakes is a leading franchisor and operator of gourmet bakeries. 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. Responsibilities. [24], Inspire received Franchise Times 2019 Dealmaker of the Year award for its acquisitions of Buffalo Wild Wings and Sonic Drive-In.[25]. Roark ATLANTA OFFICE 1180 Peachtree Street NE Suite 2500 Atlanta, Georgia 30309 Phone (404) 591-5200 Fax (404) 591-5201 www.roarkcapital.com. RB AMERICAN. They did some digging, and went straight to the source: Arby's Quality Assurance. Roark Capital Group Acquires Driven Brands - Yahoo! 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. All rights reserved. Luther is Arbys chairman. Dunkin is famous for its combination of high-quality coffees, espresso beverages, baked goods, and breakfast sandwiches served all day with fast, friendly service. 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. Roark Vacation Resort | Better Business Bureau Profile What company owns Jimmy Johns? Howard Roarks characteristics led to Roark Capitals 12 core values, including commitment, integrity, collaboration, and accountability. Description. Phone (212) 806-6000 Who owns the most Arby's franchises? 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. You don't drive past their logos every time you leave the house. 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. Corner Bakery Files for Bankruptcy Protection As Office Worker He now owns the Gulfstream G-IV with registration . Roark Capital Acquires Fitness Connection - prnewswire.com 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. Driven manages a family of automotive brands including ABRA, CARSTAR, Maaco, Meineke, Take 5, Uniban, 1-800 Radiator, and others. It met Roarks expertise then: a franchised business in the hospitality arena. We want to partner with entrepreneurs and executives who share this vision. Rating. We dont know when yet, but it will happen, he says. Roark Capital Group - CB Insights Fax (404) 591-5201 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. Atlanta, Georgia 30309 Founder & Chief Executive Officer. Anon { relativeTimeResolver(1660511260487) }} LIVE Points 3. 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. [11] Brown expected that Inspire would acquire additional chains in different segments. As a private equity company, we will need to, and will divest companies, Aronson says. There was talent at Carvel that Cinnabon could benefit from, and talent at Cinnabon that Carvel could use.. Did inspire brands buy jimmy johns? Explained by Sharing Culture Driven manages a family of automotive brands including ABRA, CARSTAR, Maaco, Meineke, Take 5, Uniban, 1-800 Radiator, and others. Massage Envy is the leading provider of therapeutic massage and skincare services in the U.S. Roark Capital Group Contact: Debra Vilchis Fishman Public Relations 847-945-1300 [emailprotected], Cision Distribution 888-776-0942 Baseball Academy. Cinnabon is an American chain of bakeries known for their "World Famous Cinnamon Rolls.". In the announcement, ServiceMaster says: "The transaction will position the . Suite 2500 Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. No, Sonic is owned by Sega, who debuted the character in "Sonic The Hedgehog" for their Genesis console in 1991. For over 30 years, Culvers guests have been treated to cooked-to-order food made with farm-fresh ingredients, served with a smile. 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 latest from Restaurant Business, sent straight to your inbox. Disney to cut 7,000 jobs after return of CEO Iger - Worldnews.com Our portfolio companies span multiple industries including food, restaurants, consumer and business services, health, wellness and fitness, and education and youth activities. [8] Inspire Brands is majority-owned by affiliates of Roark Capital Group. Morningstar Institutional Equity Research. 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. FOCUS Brands is also the franchisor of Seattle's Best Coffee on certain military bases and in certain international markets. US Sports Camps offering spans 19 different physical sports, Esports, and academic programs for campers ranging from 6 to 18 years old. from 8 AM - 9 PM ET. [14] In September 2018, Inspire had the 27-location R Taco reverted to the Rusty Taco name. Roark bought control of Arbys for $430 million in cash and debt, despite 2010 results that one analyst dubbed amongst the worst in modern restaurant history.. New York, NY 10022 Merry Maids is a leading franchisor and provider of home cleaning services. Some investors, including university endowments and investment managers, have invested in all three, a sign of Roarks performance. Jimmy John's and Rusty Taco parent company has completed its acquisition of Dunkin' Brands Group for $11.3 billion (or . 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. Theyre all different, and so I think weve gotten better at it, he says. 11.16.21 ROARK INVESTMENT Roark Capital Acquires Mathnasium READ MORE . 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. Texas-based Corner Bakery Caf files for Chapter 11 bankruptcy 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. Roark prides itself on partnering with entrepreneurs and executives who share this vision of growth and success across all stakeholders. 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 . When I talked to Jack, he yelled at me and shamed me into starting Roark, Aronson says. 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. Marcato, which owns a 6.4 percent stake in the wing chain, launched its campaign . 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. 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. Basecamp Fitness is a growing network of fitness studios featuring high-intensity and high-energy workout sessions. 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. Inspire Brands is the franchisor and operator of the Arbys, Buffalo Wild Wings, Jimmy Johns, SONIC, Dunkin, and Baskin Robbins brands. Roark :: About Our Name - Roark Capital Group Arbys is the largest drive-thru sandwich chain in the United States. 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 . Take 5 CEO Marc Graham, who headed Take 5 Oil Change as CEO since 2013 and has more than 40 years of experience in the automotive aftermarket, will lead the Driven Brands Quick Lube division. . [16], Inspire Brands on September 25, 2018 announced that it was buying Oklahoma City-based Sonic Drive-In for $2.3 billion. Roark Capital Group specializes in franchises in the food service, retail and consumer services industries. Roark is now one of the largest holding companies in foodservice, with brands ranging from Auntie Annes to Sonic, Jimmy Johns, Arbys, Moes Southwest Grill, Schlotzskys, Carvel, 50% of Culvers, Millers Ale House and Rusty Taco. They have perfected their processes and deliver industry leading customer service. 1180 Peachtree Street NE The remaining 50,000 preferred Cheesecake shares will be converted to 2,448,381 common shares of the casual-dining company. 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. Who is the CEO of Sonic? 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. The five times weekly e-newsletter that keeps you up-to-date on the latest industry news and additions to this website. 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. Founded in 1972, Meineke is an automotive aftermarket industry pioneer and leading provider of repair and maintenance services. Roark NEW YORK OFFICE 540 Madison Ave 37th Floor New York, NY 10022 Phone (212) 806-6000 Fax (212) 518-2028 www.roarkcapital.com For more information, visit www.DrivenBrands.com. Culver's is a family-favorite restaurant known for their ButterBurgers, Fresh Frozen Custard & Wisconsin Cheese Curds. Roark Capital Group serves customers in the United States. Site Map | Search | Terms of Use | Privacy Policy | Accessibility, Roark CARSTAR is the largest franchise network of automotive collision repair shops in North America. 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. There were four CEOs in six years, a problem Aronson blames on previous ownership. Roark Capital Group Acquires International Car Wash Group - PR Newswire Author has 4.2K answers and 3.1M answer views. Roark Portfolio Employees Assistance Fund. About Roark Capital Group. Neal Aronson founded Roark Capital in . He refuses to follow fads, trends, or popularity. Waxing the City is a growing network of waxing studios with an emphasis on superior waxes, highly-trained staff, and compassionate customer service. Roark's current brands include Anytime Fitness, Arby's, Atkins Nutritionals, Batteries Plus Bulbs, CKE Restaurants (the owner of Carl's Jr. and Hardee's), Corner Bakery, Driven Brands (the owner of Maaco, Meineke, CARSTAR, 1-800-Radiator and Take 5 Oil Change), Drybar, FOCUS Brands (the owner of Auntie Anne's Pretzels, Carvel Ice Cream, Cinnabon, McAlister's Deli, Moe's Southwest Grill, and Schlotzsky's), Great Expressions Dental Centers, Il Fornaio, Jimmy John's, Jim 'N Nick's, Massage Envy, Miller's Ale House, Naf Naf Grill, Orangetheory Fitness, Pet Retail Brands (the owner of Pet Supermarket and Pet Valu), Primrose Schools and Waxing the City. Flower Child is a growing, fast casual restaurant offering a customizable menu, made fresh from scratch, featuring locally-sourced, all-natural and organic ingredients. Who is corner bakery owned by? 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. 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. Founded in 1988, U.S. RB American is the largest Arby's franchisee, operating 370 restaurants across 9 states. Romaniello and Hill moved to Roark in 2008 to help with acquisitions and operations. www.roarkcapital.com, Roark who owns ihop Official 2023 Fax (404) 591-5201 US Sports Camps offering spans 19 different physical sports, Esports, and academic programs for campers ranging from 6 to 18 years old. Meineke provides all regularly scheduled maintenance services, along with repair and replacement of vehicle components. 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. Jimmy John's is one of the largest sandwich chains in the US. Youth Enrichment Brands encompasses US Sports Camps, i9 Sports, Streamline Brands, and U.S. Previously, Okeson was a partner at Alston & Bird LLP in Atlanta, Georgia, where he spent 15 years specializing in corporate governance, mergers and acquisitions . October 01, 2020 09:01 AM Eastern Daylight Time . Auntie Anne's menu includes hand-rolled soft pretzels baked in-store, Pretzel Nuggets, beverages (including signature lemonade) and Pretzel Dogs. ATLANTA, July 22, 2013 /PRNewswire/ -- Roark Capital Group, an Atlanta -based private equity firm, announced today that an affiliate had acquired 65 unit Miller's Ale House . 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. 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. 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. 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. Email this Business. Youll see us sell some companies over time, and youll see us take some companies public. Uniban is a leading network of glass repair and replacement service centers across North America. 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 . ServiceMaster Brands is the parent company of ServiceMaster Restore, ServiceMaster Clean, Merry Maids, TWO MEN AND A TRUCK, AmeriSpec, and Furniture Medic.
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