who owns roark capital group

Roark focuses on middle-market investment opportunities through family-owned business transfers, anagement/corporate buyouts, recapitalizations, going-private transactions, and corporate divestitures. I called Neal and said, What have you gotten me into? Romaniello says. Nash had a tough exterior, but he was honest and off-the-chart smart, so he gave you great advice. He was also Roarks biggest early investor. 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. Roark Capital Group Affiliates. Stronger U is a digital, personalized nutrition-based health coaching services brand. 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. Phone (212) 806-6000 Roark focuses on investments in consumer and business service companies, with a specialization in franchise and franchise-like business models. . 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. Morningstar Institutional Equity Research. Aronson says the firm talks about the core values and lives them out every day, and that theyre on laminated cards given to each of Roarks 45 employees. ", 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.". Romaniello became the operating partner, and Hill was added as vice president of franchising and foodservice. Thats key. Self Esteem Brands is the parent company of Anytime Fitness, Basecamp Fitness, The Bar Method, Waxing the City, Stronger U, and Healthy Contributions. Inspire operates Support Centers in Atlanta, Oklahoma City, Champaign, Minneapolis, and Canton, Massachusetts. Roark Portfolio Employees Assistance Fund. When the company was sold in 2000, it had three brands and some 500 hotels in all 50 states and five countries. We dont know when yet, but it will happen, he says. Roark Capital Group, an Atlanta-based private equity firm focused on franchise and consumer brands, announced today that its affiliate has acquired Driven Brands, the nation's leading franchise . Fax (212) 518-2028 Roark ATLANTA OFFICE 1180 Peachtree Street NE Suite 2500 Atlanta, Georgia 30309 Phone (404) 591-5200 Fax (404) 591-5201 www.roarkcapital.com. The five times weekly e-newsletter that keeps you up-to-date on the latest industry news and additions to this website. In the announcement, ServiceMaster says: "The transaction will position the . Furniture Medic is a global leader and franchisor in the furniture repair and restoration industry. About Roark Capital Group. Nov 2009 - Dec 202213 years 2 months. 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. 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. Roark Capital Group Contact: Debra Vilchis Fishman Public Relations 847-945-1300 [emailprotected], Cision Distribution 888-776-0942 ABRA is a leading network of franchised automotive collision repair shops. Roark Capital Group acquired Corner Bakery in 2011 from Il Fornaio Corporation. Content warning: This article covers allegations of sexual assault. 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. The customer is an American company that is an affiliate of the American private equity firm Roark Capital Group which currently owns Schlotzsky's, Carvel, Cinnabon, Moe's Southwest Grill, and McAlister's Deli, Auntie Anne's, and Jamba brands. 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. 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: . 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. Roark Capital Group owns other dining-out favorites, including Arby's, Auntie Anne's, Cinnabon, Carvel Ice Cream, Moe's Southwest Grill, and Wingstop. Roark Capital Acquires ServiceMaster Brands. 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. Atlanta, Georgia 30309 [11] Brown expected that Inspire would acquire additional chains in different segments. Merry Maids is a leading franchisor and provider of home cleaning services. 1-800 Radiator is the largest franchised automotive parts distributor in North America. Known as 'America's Bodyshop', Maaco is a leading provider of auto painting and light collision repair services. Merry Maids is a leading franchisor and provider of home cleaning services. Who is corner bakery owned by? 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. Fax (212) 518-2028 In 1995, he helped launch U.S. Most compete in the quick-service sector, far downmarket from Cheesecakes turf. As of Dec 2022, the chains that the company owns and/or operates include: On this Wikipedia the language links are at the top of the page across from the article title. Schlotzsky's is a chain of quick casual restaurants offering made-to-order sandwiches, soups, salads and pizza. Driven Brands is the largest automotive services company in North America. ATLANTA OFFICE www.roarkcapital.com, Roark Portfolio Employees Assistance Fund. Wendy's owns about 18.5 percent of Arby's, with their stake valued at around $325.9 . CARSTAR is the largest franchise network of automotive collision repair shops in North America. Atlanta-based private-equity Roark Capital Group invested in the concept in 2015. International Car Wash Group is the world's largest local car wash company, with operations in the U.S., Europe and Australia. "Arby's Restaurant Group" redirects here. Fax (212) 518-2028 Founded in 1988, U.S. If you work your tail off and follow the rules, you can be successful. 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. 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. 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. In the book, the character doesnt bow to conventional wisdom and is seen as an authentic innovator. 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. Founded in 1972, Meineke is an automotive aftermarket industry pioneer and leading provider of repair and maintenance services. Theres also Green Burrito and Red Burrito, which cobrand with some Carls Jr. and Hardees, while Roark also franchises Seattles Best Coffee internationally. While the firm has not sold any of its restaurant companies yet, that time will come. For more information visit www.roarkcapital.com. Roark owns a huge stable of franchised restaurant brands through its two main holdings, Focus Brands and Inspire Brands. Roark Capital Group acquired 81.5% of Arby's Restaurant Group in July 2011 and is now a majority-owner of Inspire Brands. Although CKE has debtthe company refinanced $1 billion last yearAronson says its very manageable. 1-800 Radiator is the largest franchised automotive parts distributor in North America. Few of Arbys issues were present at CKE, which was acquired from private equity firm Apollo Global Management. International House of Pancakes, LLC is a wholly-owned subsidiary of Dine Brands Global (NYSE: DIN). Global network of franchises providing residential and commercial restoration services, including water damage, smoke and fire damage, mold remediation, and disaster recovery. Atlanta, Georgia 30309 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. Our team will review your remarks prior to publishing. Roark has acquired. 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. US Sports Camps offering spans 19 different physical sports, Esports, and academic programs for campers ranging from 6 to 18 years old. Pet Supermarket is the largest specialty retailer of pet food and pet-related supplies based in the southeastern US. 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 . Pet Supermarket is the largest specialty retailer of pet food and pet-related supplies based in the southeastern US. Franchisees trust in the owners rose dramatically. You don't drive past their logos every time you leave the house. If its franchising, it better be great unit-level economics, or a franchisee would never get involved in it.. "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. CARSTAR is the largest franchise network of automotive collision repair shops in North America. It was the public. Affiliates of Roark Capital Group have sold the Dallas-based Corner Bakery Cafe brand to Pandya Restaurant Growth Brands LLC, the companies said Thursday. FOCUS Brands is also the franchisor of Seattle's Best Coffee on certain military bases and in certain international markets. 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. 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. They have perfected their processes and deliver industry leading customer service. 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. [9] On August 28, 2018, Georgia Governor Nathan Deal announced that Inspire was moving its headquarters to Sandy Springs, Georgia in 2019. Roark Capital Group serves customers in the United States. It is part of Flynn Restaurant Group which also operates 441 . U.S. Roark Capital Group is an American private equity firm with over $33 billion in assets under management. About Take 5 Oil ChangeTake 5 Oil Change has been serving customers for more than 30 years. Fitness Connection is a leading player in the "High Value, Low Price (HVLP)" segment of the fitness industry. Founded in 2001, Roark Capital Group is a private equity firm based in Atlanta, Georgia. 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 brand was named a Nations Restaurant News Hot Concept in 2016. 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 . Meineke provides all regularly scheduled maintenance services, along with repair and replacement of vehicle components. 1 Answer ANSWER Neal Aronson. 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 . Auntie Anne's menu includes hand-rolled soft pretzels baked in-store, Pretzel Nuggets, beverages (including signature lemonade) and Pretzel Dogs. Like many urban fast-casual concepts , Corner Bakery has struggled during the pandemic and has seen sharp declines in earnings and revenues since March, according to Debtwire. Roark NEW YORK OFFICE 540 Madison Ave 37th Floor New York, NY 10022 Phone (212) 806-6000 Fax (212) 518-2028 www.roarkcapital.com That is part of our obligation to our investors.. 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. Maintaining Automated Tests in TAF for V1 platform for API testing Neal K Aronson is Managing Partner/Founder at Roark Capital Group. Anytime Fitness is the largest fitness franchise in the world, with gym facilities open 24 hours a day, 365 days a year. ", "This is a tremendous opportunity for Take 5 Oil Change to grow our business to the next level," said Graham. So far, it seems the risk is paying off. AmeriSpec is a leading franchisor and provider of residential and commercial real estate inspection services. 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. 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. Some investors, including university endowments and investment managers, have invested in all three, a sign of Roarks performance. This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. serving 10,000+ campers per year. Most of Carvels resources had been diverted to its supermarket business, which angered franchisees. Phone (212) 806-6000 Roark Capital | 12,241 followers on LinkedIn. Marcato, which owns a 6.4 percent stake in the wing chain, launched its campaign . Our portfolio companies span multiple industries including food, restaurants, consumer and business services, health, wellness and fitness, and education and youth activities. Roark Capital Group specializes in franchises in the food service, retail and consumer services industries. Roark differs in many ways from other private equity companies. ICWG is the largest car wash operator in the world, washing more than 35 million cars every year through more than 900 locations in 14 countries across Europe, the United States, and Australia. Who is the CEO of Sonic? Who owns capital music group? 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. 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. Baseball Academy. Suite 2500 They did some digging, and went straight to the source: Arby's Quality Assurance. Massage Envy is the leading provider of therapeutic massage and skincare services in the U.S. Buffalo Wild Wings also owned the Rusty Taco chain. [10][19] The deal closed on October 18, 2019. . READ MORE, Site Map | Search | Terms of Use | Privacy Policy | Accessibility, Roark US Sports Camps offering spans 19 different physical sports, Esports, and academic programs for campers ranging from 6 to 18 years old. 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. 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. In 2016 Liautaud sold a majority share in the company to Roark Capital. Who owns Miller's Ale House? 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. Some firms seek investments that fit into specific size parameters. 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. The fast . 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. The franchisees hated the company, says Romaniello, now a Roark managing partner. Fax (404) 591-5201 NEW YORK OFFICE Finally, in 2015, the final answer to the previous question, who owned Wingstop? Anon { relativeTimeResolver(1660511260487) }} LIVE Points 3. AmeriSpec is a leading franchisor and provider of residential and commercial real estate inspection services. Roark Capital Group, that currently owns the Schlotzsky's, Carvel, Cinnabon, Moe's Southwest Grill, McAlister's Deli, Auntie Anne's and Jamba brands. Atlanta, Georgia 30309 Roark Capital Group, the owner of restaurant chain Arby's, plans to buy Buffalo Wild Wings for $2.4 billion. 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:

. There hadnt been a new flavor in five years or a new product in eight. 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. Rating. 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. Previously, Okeson was a partner at Alston & Bird LLP in Atlanta, Georgia, where he spent 15 years specializing in corporate governance, mergers and acquisitions . from 8 AM - 9 PM ET. Become a Restaurant Business member today and unlock exclusive benefits, including unlimited access to all of our content. Were growers, not cutters. 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. Take 5 Oil Change has a phenomenal brand, operating model, and team led by Marc. Schlotzsky's is a chain of quick casual restaurants offering made-to-order sandwiches, soups, salads and pizza. It was founded by Jimmy John Liautaud in 1983 and is headquartered in Champaign, Illinois. [14] In September 2018, Inspire had the 27-location R Taco reverted to the Rusty Taco name. 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. 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.. Baseball Academy (Youth Enrichment Brands), U.S. Sports Camps (Youth Enrichment Brands), Roark portfolio company, Youth Enrichment Brands, acquires i9 Sports. Naf Naf Grill and an investor group bought out the minority ownership of Roark Capital. As a private equity company, we will need to, and will divest companies, Aronson says. "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.". How a young private equity firm came to own 16 restaurant brands with $11 billion in systemwide sales. Nation's Restaurant News is part of the Informa Connect Division of Informa PLC. Global network of franchises providing residential and commercial restoration services, including water damage, smoke and fire damage, mold remediation, and disaster recovery. 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. 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. For 91 years, we've been helping people take control of their financial futures. The Bar Method is a leading low-impact studio fitness franchise with locations across the US and Canada. An arm of Atlanta-based Roark Capital Group plans to buy ServiceMaster Brands for $1.55 billion within 30 to 60 days. ATLANTA OFFICE 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. We believe that successful partnerships begin with providing a compelling value proposition to all business constituencies.

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