Nov 2009 - Dec 202213 years 2 months. 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 Acquires Miller's Ale House - PR Newswire "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. Its two full-service restaurant chains are Il Fornaio and Millers Ale House. For more information, visit www.DrivenBrands.com. Nothing Bundt Cakes is a leading franchisor and operator of gourmet bakeries. [21][22] The acquisition was completed on December 15, 2020. Rating. Orangetheory Fitness is one of the largest and fastest growing franchisors in the studio-based fitness market. How are the unit-level economics? 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. Driven Brands manages a family of automotive companies including Maaco, Meineke Car Care Centers, CARSTAR North America, 1-800 Radiator & A/C, which collectively generate annual system revenues of more than $2.1 billion. Roark has acquired. 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. International Car Wash Group is the world's largest local car wash company, with operations in the U.S., Europe and Australia. There was talent at Carvel that Cinnabon could benefit from, and talent at Cinnabon that Carvel could use.. It now owns three of the 25 biggest quick-service restaurant chainsit acquired a majority stake in Arbys three years agoand oversees a 16-brand dining empire with some $11 billion in systemwide sales and nearly 12,100 units employing some 300,000 people. Join the more than 1.5 million industry professionals who get our daily newsletter! 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. Furniture Medic is a global leader and franchisor in the furniture repair and restoration industry. Who is corner bakery owned by? The Big Take is the very best of Bloomberg's in-depth, original reporting from around the globe every day. Roark ATLANTA OFFICE 1180 Peachtree Street NE Suite 2500 Atlanta, Georgia 30309 Phone (404) 591-5200 Fax (404) 591-5201 www.roarkcapital.com. 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.. 1180 Peachtree Street NE CHARLOTTE, N.C., March 30, 2016 /PRNewswire/ -- Driven Brands, a portfolio company of Roark Capital and the nation's leading automotive franchisor . Morningstar Institutional Equity Research. The private-equity firm helped turn around Arby's after buying a majority stake in 2011. 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. Roark Capital to buy Buffalo Wild Wings for $2.9 billion - CNBC Naf Naf Grill, investor group buy out Roark ownership Roark focuses on franchised and multi-unit business models in the retail, restaurant, consumer and business services sectors. The five times weekly e-newsletter that keeps you up-to-date on the latest industry news and additions to this website. Environmental, Social and Governance (ESG), HVAC (Heating, Ventilation and Air-Conditioning), Machine Tools, Metalworking and Metallurgy, Aboriginal, First Nations & Native American. Billionaire Founder Of Jimmy John's Sells His Remaining - Forbes Roark Capital Group, that currently owns the Schlotzsky's, Carvel, Cinnabon, Moe's Southwest Grill, McAlister's Deli, Auntie Anne's and Jamba brands. RB American is the largest Arby's franchisee, operating 370 restaurants across 9 states. We look forward to partnering and helping accelerate their growth plans. Roark Capital Group Affiliates. [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. 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. Pet Supermarket is the largest specialty retailer of pet food and pet-related supplies based in the southeastern US. About Us | Capital Group Baseball Academy (Youth Enrichment Brands), U.S. Sports Camps (Youth Enrichment Brands), Roark Portfolio Employees Assistance Fund. 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. 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. ", "This is a tremendous opportunity for Take 5 Oil Change to grow our business to the next level," said Graham. While the firm has not sold any of its restaurant companies yet, that time will come. Meineke provides all regularly scheduled maintenance services, along with repair and replacement of vehicle components. 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. In the book, the character doesnt bow to conventional wisdom and is seen as an authentic innovator. 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. 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. 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 . CKE is one of the world's largest franchisors and operators of quick-service restaurants under the Carls Jr. and Hardees brand banners. 540 Madison Ave The Untold Truth Of Miller's Ale House - Mashed.com The franchisees hated the company, says Romaniello, now a Roark managing partner. 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. Roark Capital Group General Information. It was the public. Ron Ruggless | Oct 29, 2020. 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. Roark :: Current Investments - Roark Capital Group 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 61 franchise/multi-unit brands which collectively generate $25 billion in annual system revenues from 28,000 locations in 50 states and 78 countries. It was founded by Jimmy John Liautaud in 1983 and is headquartered in Champaign, Illinois. Founded in 1975 and headquartered in San Rafael, CA, US Sports camps is the licensed operator of Nike Sports Camps. Quick Answer: Does Corner Bakery have bagels? - De Kooktips - Homepage Driven manages a family of automotive brands including ABRA, CARSTAR, Maaco, Meineke, Take 5, Uniban, 1-800 Radiator, and others. The company is in growth mode, targeting eight to 10 new openings a year. 540 Madison Ave 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. Suite 2500 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. Baseball Academy brings together college and high school coaches to provide camp programs to aspiring baseball and softball players across the United States. None were restaurants. Arby's owner Roark gobbles up Buffalo Wild Wings for $2.4 billion Rick Ross Wingstop - Everything Should Know Reverb Press Roark differs in many ways from other private equity companies. Sign up to receive texts from Restaurant Business on news and insights that matter to your brand. [18], Inspire Brands announced that it was buying Jimmy John's on September 25, 2019. Culver's is a family-favorite restaurant known for their ButterBurgers, Fresh Frozen Custard & Wisconsin Cheese Curds. Founded in 1999, KE Camps is the leading operator of day camps for country clubs, For more information visit www.roarkcapital.com. Roark Capital founder Neal Aronson has helped the firm grow to include several premier quick-service companies, including CKE and Arbys. The Rohan Group of Companies, which owns Pandya Restaurant Growth Brands, had hoped to expand the Corner Bakery brand, but it remains unclear how the bankruptcy filing will impact those plans. 11.16.21 ROARK INVESTMENT Roark Capital Acquires Mathnasium READ MORE . 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. Roark focuses on middle-market investment opportunities through family-owned business transfers, anagement/corporate buyouts, recapitalizations, going-private transactions, and corporate divestitures. The firm also provides the capital for operators to reach their goals. Mathnasium is a leading franchisor of math learning centers with over 1,000 locations across 46 states and 12 countries. Roark Capital Acquires ServiceMaster Brands | Business Wire Responsibilities. Roark Capital Group owns other dining-out favorites, including Arby's, Auntie Anne's, Cinnabon, Carvel Ice Cream, Moe's Southwest Grill, and Wingstop. Previously, Okeson was a partner at Alston & Bird LLP in Atlanta, Georgia, where he spent 15 years specializing in corporate governance, mergers and acquisitions . [24], Inspire received Franchise Times 2019 Dealmaker of the Year award for its acquisitions of Buffalo Wild Wings and Sonic Drive-In.[25]. Theres also Green Burrito and Red Burrito, which cobrand with some Carls Jr. and Hardees, while Roark also franchises Seattles Best Coffee internationally. Fax (404) 591-5201 Corner Bakery sold to Pandya Restaurant group 1-800 Radiator is the largest franchised automotive parts distributor in North America. Roark is an Atlantabased private equity firm with $33 billion in assets under management. CKE is one of the world's largest franchisors and operators of quick-service restaurants under the Carls Jr. and Hardees brand banners. 37th Floor Founded in 1984, Take 5 Oil Change operates 65 quick oil change facilities across nine states throughout the Southeast. In 2016 Liautaud sold a majority share in the company to Roark Capital. 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. from 8 AM - 9 PM ET. Our team will review your remarks prior to publishing. By the end of the first year under Roark leadership, 21 new menu items were added. 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. Roarks strategy is to focus on a few industries and dive deeply into them, gaining knowledge and insight that is important to make acquisitions and providing expertise to its operating company managers, who typically hold an equity stake. 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 . [8] Inspire Brands is majority-owned by affiliates of Roark Capital Group. With this acquisition, Driven Brands continues to expand its Quick Lube division, which also includes Pro Oil Change and Driven Florida Lubes. 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 . The deals became larger and more diversefast-casual, full-service, and quick-service restaurants, including some with company-owned units, not just franchisees. 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. We believe that successful partnerships begin with providing a compelling value proposition to all business constituencies. It is part of Flynn Restaurant Group which also operates 441 . Roark Capital Portfolio Company Driven Brands Acquires Take 5 Oil Change 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 . The Take 5 Oil Change management team will remain at the helm, and the headquarters will remain in New Orleans. The boardroom at Roark Capital Groups 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. 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. Roark Capital Group finalized its deal to acquire Buffalo Wild Wings for $2.9 billion on February 5. See our history. AmeriSpec is a leading franchisor and provider of residential and commercial real estate inspection services. Uniban is a leading network of glass repair and replacement service centers across North America. Who Owns Roark Clothing - BikeHike Affiliates of Roark Capital Group have sold the Dallas-based Corner Bakery Cafe brand to Pandya Restaurant Growth Brands LLC, the companies said Thursday. No, Sonic is owned by Sega, who debuted the character in "Sonic The Hedgehog" for their Genesis console in 1991. Global network of franchises providing janitorial services, carpet cleaning, hard surface floor care, tile and grout cleaning, and upholstery cleaning. Although CKE has debtthe company refinanced $1 billion last yearAronson says its very manageable. CARSTAR is the largest franchise network of automotive collision repair shops in North America. www.roarkcapital.com, Roark 1-800 Radiator is the largest franchised automotive parts distributor in North America. Roark Capital Group Inc. operates as a private equity firm. FOCUS Brands is also the franchisor of Seattle's Best Coffee on certain military bases and in certain international markets. Fax (212) 518-2028 Roark NEW YORK OFFICE 540 Madison Ave 37th Floor New York, NY 10022 Phone (212) 806-6000 Fax (212) 518-2028 www.roarkcapital.com The Rinse-and-Repeat Franchise Model That Makes This Couple $25 Million Cheesecake only franchises abroad, and on a limited basis, and it is positioned squarely in the upper echelon of casual dining. Roark Capital Acquires Nothing Bundt Cakes | Business Wire The stake will be controlled by Roark founder and managing partner Neal Aronson, according to securities documents filed Monday. The firms first acquisition was Carvel in 2001 for $26 million. 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. Nothing Bundt Cakes is a leading franchisor and operator of gourmet bakeries. 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. 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. 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. NEW YORK OFFICE CHARLES WEST Net Worth $400 Million House Yacht Marcato, which owns a 6.4 percent stake in the wing chain, launched its campaign . Elane served as Group President of Kimberly-Clark International and Global President of Kimberly . Roark Capital Group - Crunchbase Investor Profile & Investments Here's why Arby's acquisition of Buffalo Wild Wings is good news for 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 Vacation Resort | Better Business Bureau Profile Please 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 . The Company focuses on management of buy-outs, acquisitions, mergers, recapitalizations, restructuring . Visit Website. 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