Driven manages a family of automotive brands including ABRA, CARSTAR, Maaco, Meineke, Take 5, Uniban, 1-800 Radiator, and others. Fax (404) 591-5201 As of 2021, Wingstop makes a net income of about $42 million a year. In 1996 Take 5 designed the first "5 Minute Drive-Thru Oil Change" location. Massage Envy is the leading provider of therapeutic massage and skincare services in the U.S. 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.. ATLANTA OFFICE Inspire Brands, Inc. is an American holding company and the owner and franchisor of the Arby's, Buffalo Wild Wings, Sonic Drive-In, Jimmy John's, Mister Donut, Dunkin' Donuts and Baskin-Robbins restaurant chains. US Sports Camps is the nations leading youth sports camp company, serving more than 100,000 campers across 1,200+ camps in 48 states. With this acquisition, Driven Brands continues to expand its Quick Lube division, which also includes Pro Oil Change and Driven Florida Lubes. He now owns the Gulfstream G-IV with registration . Youth Enrichment Brands encompasses US Sports Camps, i9 Sports, Streamline Brands, and U.S. The Company provides a comprehensive suite of services primarily to retail, fleet, and industrial consumers. Romaniello and Hill moved to Roark in 2008 to help with acquisitions and operations. The new managers set about turning that around by refurbishing the stores and giving franchisees the OK to sell a product they wanted: Italian ice. 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. 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. Few of Arbys issues were present at CKE, which was acquired from private equity firm Apollo Global Management. 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. "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.". The firms first acquisition was Carvel in 2001 for $26 million. U.S. Roark Capital Group is an American private equity firm with over $33 billion in assets under management. CHARLOTTE, N.C., March 30, 2016 /PRNewswire/ -- Driven Brands, a portfolio company of Roark Capital and the nation's leading automotive franchisor . CARSTAR is the largest franchise network of automotive collision repair shops in North America. McAlister's is a franchise chain of quick casual restaurants offering a variety of sandwiches, salads, soups, wraps and desserts. If the series of financial moves are completed as expected on June 15, Roarks interest in Cheesecake will be reduced to 2.4 million shares of common stock, or 4.6% of total shares outstanding. The Company provides a comprehensive suite of services primarily to retail, fleet, and industrial consumers. 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. [10][19] The deal closed on October 18, 2019. 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. 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. AmeriSpec is a leading franchisor and provider of residential and commercial real estate inspection services. Roark focuses on franchised and multi-unit business models in the retail, restaurant, consumer and business services sectors. We want to partner with entrepreneurs and executives who share this vision. [15], On August 16, 2018, The Wendy's Company announced that it sold its 12.3% stake in Inspire Brands back to the company for $450 million, which included a 38% premium over the stake's most recent valuation. "Take 5 Oil Change is an ideal addition to our portfolio of brands. Roark NEW YORK OFFICE 540 Madison Ave 37th Floor New York, NY 10022 Phone (212) 806-6000 Fax (212) 518-2028 www.roarkcapital.com 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. When typing in this field, a list of search results will appear and be automatically updated as you type. Buffalo Wild Wings also owned the Rusty Taco chain. 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. Greenwood Village, CO. Leeds West Groups (LWG) was founded in 2009 by current CEO and Board Member Judd Shader and is . Cheesecake will then repurchase the stock for $446.9 million. Naf Naf Grill and an investor group bought out the minority ownership of Roark Capital. Fax (404) 591-5201 Flower Child is a growing, fast casual restaurant offering a customizable menu, made fresh from scratch, featuring locally-sourced, all-natural and organic ingredients. The remaining 50,000 preferred Cheesecake shares will be converted to 2,448,381 common shares of the casual-dining company. 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. As a private equity company, we will need to, and will divest companies, Aronson says. Roark has plenty of capital now for its companies needs and to make additional acquisitions, but Aronson can see a fourth private equity fund down the road. Roark prides itself on partnering with entrepreneurs and executives who share this vision of growth and success across all stakeholders. I called Neal and said, What have you gotten me into? Romaniello says. READ MORE, Roark was named after Howard Roark, the protagonist in Ayn Rand's book The Fountainhead. Jul 22, 2013, 08:00 ET. The numbers on this page are based on contributions of $200 or more from PACs and individuals to federal candidates and from PAC, individual and soft . operator of swim schools for children of all ages, serving over 150,000 swimmers per year. Dunkin is famous for its combination of high-quality coffees, espresso beverages, baked goods, and breakfast sandwiches served all day with fast, friendly service. . ICWG operates under the IMO banner in Europe and Asia-Pacific. Do not sell my personal infoPrivacy PolicyContact UsRSS, Cheesecake Factory buys most of Roark's stake for $457M. 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. He follows what he believes.. operator of swim schools for children of all ages, serving over 150,000 swimmers per year. 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. | Roark is an Atlantabased private equity firm with $35 billion in assets under management. Founded in 1983, Jimmy John's offers high-quality sandwiches with rapid preparation. 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 . 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. 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. READ MORE, Site Map | Search | Terms of Use | Privacy Policy | Accessibility, Roark Started in Jupiter, FL in 1988 by husband and wife team Jack and Claire Miller, Miller's Ale House is a sports-themed full service restaurant that offers an extensive menu of freshly prepared food and top-quality drinks. Inspire Brands is the franchisor and operator of the Arbys, Buffalo Wild Wings, Jimmy Johns, SONIC, Dunkin, and Baskin Robbins brands. Who owns Miller's Ale House? Get todays need-to-know restaurant industry intelligence. October 01, 2020 09:01 AM Eastern Daylight Time . 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. 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. Responsibilities. When the company was sold in 2000, it had three brands and some 500 hotels in all 50 states and five countries. Roark Capital-owned Driven Brands targets over $3 bln valuation in IPO. Founded in 1999, KE Camps is the leading operator of day camps for country clubs,
[14] In September 2018, Inspire had the 27-location R Taco reverted to the Rusty Taco name. [9] On August 28, 2018, Georgia Governor Nathan Deal announced that Inspire was moving its headquarters to Sandy Springs, Georgia in 2019. It takes time to build a really good company, to make it sustainable, and make the growth something thats long term.. They have perfected their processes and deliver industry leading customer service. 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. For over 30 years, Culvers guests have been treated to cooked-to-order food made with farm-fresh ingredients, served with a smile. 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. Mathnasium is a leading franchisor of math learning centers with over 1,000 locations across 46 states and 12 countries. 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 . Some investors, including university endowments and investment managers, have invested in all three, a sign of Roarks performance. Franchise Systems, an Atlanta-based hotel franchisor that began with one brand and 22 hotels in nine states. Here's what Roark is offering, and what this means for the company, its shareholders and the struggling restaurant industry. 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. The Chicago-based company did not disclose terms of the deal or the identity of the investor group. The deals became larger and more diversefast-casual, full-service, and quick-service restaurants, including some with company-owned units, not just franchisees. 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. The brand offers 8- and 10-inch bundt cakes, Bundtlets and Bundtinis in multiple flavors that are hand-crafted and baked on-site. Roark Capital Group specializes in franchises in the food service, retail and consumer services industries. 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. 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:
. The Bar Method is a leading low-impact studio fitness franchise with locations across the US and Canada. serving 10,000+ campers per year. 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. 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. . Founded in 1999, KE Camps is the leading operator of day camps for country clubs,
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. He has conviction, passion, unbelievable honesty, openness, and hes loyal and trustworthy. Arbys is the largest drive-thru sandwich chain in the United States. Ron Ruggless | Oct 29, 2020. 540 Madison Ave Sign up to receive texts from Restaurant Business on news and insights that matter to your brand. Schlotzsky's is a chain of quick casual restaurants offering made-to-order sandwiches, soups, salads and pizza. The firm also provides the capital for operators to reach their goals. Inspire Brands is the franchisor and operator of the Arbys, Buffalo Wild Wings, Jimmy Johns, SONIC, Dunkin, and Baskin Robbins brands. Self Esteem Brands is the parent company of Anytime Fitness, Basecamp Fitness, The Bar Method, Waxing the City, Stronger U, and Healthy Contributions. AmeriSpec is a leading franchisor and provider of residential and commercial real estate inspection services. Miller's appears to be in good hands with its current owners. serving 10,000+ campers per year. 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. There hadnt been a new flavor in five years or a new product in eight. Started in Jupiter, FL in 1988 by husband and wife team Jack and Claire Miller, Miller's Ale House is a sports-themed full service restaurant that offers an extensive menu of freshly prepared food and top-quality drinks. Meineke provides all regularly scheduled maintenance services, along with repair and replacement of vehicle components. 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. ATLANTA, Feb. 4, 2019 /PRNewswire/ -- Roark Capital, an Atlanta -based private equity firm focused on investing in multi-unit businesses, announced today . 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. Were just not big believers in shortcuts, Aronson says. The latest from Restaurant Business, sent straight to your inbox. Miscellaneous . How a young private equity firm came to own 16 restaurant brands with $11 billion in systemwide sales. 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. 1180 Peachtree Street NE Content warning: This article covers allegations of sexual assault. 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. What are the characteristics of that concept? Rating. Auntie Anne's menu includes hand-rolled soft pretzels baked in-store, Pretzel Nuggets, beverages (including signature lemonade) and Pretzel Dogs. While the chain has over 1,700 locations around the world with thousands of employees and owners, Wingstop was sold to Roark Capital Group in 2010 and went public in 2015. We believe that successful partnerships begin with providing a compelling value proposition to all business constituencies. Roark focuses on investments in consumer and business service companies, with a specialization in franchise and franchise-like business models. 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. By the end of the first year under Roark leadership, 21 new menu items were added. Aronson began his career in investment banking and private equity in New York, working for several firms, including hedge fund Odyssey Partners. 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. Driven Brands is the largest automotive services company in North America. Founded in 1975 and headquartered in San Rafael, CA, US Sports camps is the licensed operator of Nike Sports Camps. 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 Capital Acquires ServiceMaster Brands. When Darden sold Red Lobster in 2014, it was to Golden Gate Capital, who also owned Romano's Macaroni Grill from 2008 to 2013. 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. Orangetheory Fitness is one of the largest and fastest growing franchisors in the studio-based fitness market. Pet Supermarket is the largest specialty retailer of pet food and pet-related supplies based in the southeastern US. Who owns the most Arby's franchises? Private equity often involves deals of dizzying size to buy companies your average consumer has never heard of. Uniban is a leading network of glass repair and replacement service centers across North America. "Arby's Restaurant Group" redirects here. Author has 4.2K answers and 3.1M answer views. 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. Known as 'America's Bodyshop', Maaco is a leading provider of auto painting and light collision repair services. Theyre all different, and so I think weve gotten better at it, he says. 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. Take 5 Oil Change has a phenomenal brand, operating model, and team led by Marc. Aronson will surrender 47,517 of the common shares to Cheesecake in exchange for $10.4 million in cash. Dunkin is famous for its combination of high-quality coffees, espresso beverages, baked goods, and breakfast sandwiches served all day with fast, friendly service. Jamba is a category-leading smoothie and juice chain that offers a variety of high quality smoothies, juices, bowls and other products. 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. 1180 Peachtree Street NE Waxing the City is a growing network of waxing studios with an emphasis on superior waxes, highly-trained staff, and compassionate customer service. 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. 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.. Our portfolio companies span multiple industries including food, restaurants, consumer and business services, health, wellness and fitness, and education and youth activities. You don't drive past their logos every time you leave the house. [20], Inspire Brands on October 25, 2020 announced that it was buying Dunkin' Brands for $11.3 billion. Inspire operates Support Centers in Atlanta, Oklahoma City, Champaign, Minneapolis, and Canton, Massachusetts. Registered in England and Wales. Roark Capital Acquires Fitness Connection. The mid-sized private equity firm has become a major player in the restaurant industry, says Darren Tristano, vice president of Technomic Inc., a restaurant market research firm. www.roarkcapital.com. Terms of . Description. Later on, it was sold to the Roark Capital Group back in 2010. Roark ATLANTA OFFICE 1180 Peachtree Street NE Suite 2500 Atlanta, Georgia 30309 Phone (404) 591-5200 Fax (404) 591-5201 www.roarkcapital.com. Fax (212) 518-2028 Stronger U is a digital, personalized nutrition-based health coaching services brand. For 91 years, we've been helping people take control of their financial futures. He is my all-time favorite character in any book, Aronson says. The franchisees hated the company, says Romaniello, now a Roark managing partner. Previously, Okeson was a partner at Alston & Bird LLP in Atlanta, Georgia, where he spent 15 years specializing in corporate governance, mergers and acquisitions . 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. 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. What company owns Jimmy Johns? Roark Capital Group finalized its deal to acquire Buffalo Wild Wings for $2.9 billion on February 5. Schlotzsky's is a chain of quick casual restaurants offering made-to-order sandwiches, soups, salads and pizza. Roark Capital Group, the owner of restaurant chain Arby's, plans to buy Buffalo Wild Wings for $2.4 billion. CARSTAR is the largest franchise network of automotive collision repair shops in North America. Was decided. 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 . 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. Culver's is a family-favorite restaurant known for their ButterBurgers, Fresh Frozen Custard & Wisconsin Cheese Curds. Phone (404) 591-5200 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. It was founded by Jimmy John Liautaud in 1983 and is headquartered in Champaign, Illinois. ServiceMaster Brands is the parent company of ServiceMaster Restore, ServiceMaster Clean, Merry Maids, TWO MEN AND A TRUCK, AmeriSpec, and Furniture Medic. READ MORE, Invest in Good is Roarks multi-faceted commitment to long-term social impact initiatives. Lines and paragraphs break automatically. us for more details. 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. Romaniello and Hill say Arbys had started to turn around when Roark made the acquisition, but Aronson is more blunt in his assessment of the company, which was part of the Wendys/Arbys Group, led by investor Nelson Peltzs Triarc Co. Arbys was a messin menu, speed of service, cleanliness, physical box, focus, relationships, strategy, marketing, he says, ticking off the woes. These are very smart people, he says. Roark ATLANTA OFFICE 1180 Peachtree Street NE Suite 2500 Atlanta, Georgia 30309 Phone (404) 591-5200 Fax (404) 591-5201 www.roarkcapital.com. Baseball Academy. 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. 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. The moves largely undo Roarks $200 million equity investment in Cheesecake back in April 2020, when the pandemic was just beginning. B-Dubs might be going private. No, Sonic is owned by Sega, who debuted the character in "Sonic The Hedgehog" for their Genesis console in 1991. 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. In 1995, he helped launch U.S. We have been slowly and methodically learning as much as we can about restaurants, Romaniello says. Founded in 1984, Take 5 Oil Change operates 65 quick oil change facilities across nine states throughout the Southeast.