He now owns the Gulfstream G-IV with registration . Roark Capital Group, that currently owns the Schlotzsky's, Carvel, Cinnabon, Moe's Southwest Grill, McAlister's Deli, Auntie Anne's and Jamba brands. 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 . Affiliates of Roark Capital Group have sold the Dallas-based Corner Bakery Cafe brand to Pandya Restaurant Growth Brands LLC, the companies said Thursday. I called Neal and said, What have you gotten me into? Romaniello says. Founded in 1983, Jimmy John's offers high-quality sandwiches with rapid preparation. 37th Floor 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. Author has 4.2K answers and 3.1M answer views. 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. 37th Floor Some investors, including university endowments and investment managers, have invested in all three, a sign of Roarks performance. Auntie Anne's menu includes hand-rolled soft pretzels baked in-store, Pretzel Nuggets, beverages (including signature lemonade) and Pretzel Dogs. It was the public. Anytime Fitness is the largest fitness franchise in the world, with gym facilities open 24 hours a day, 365 days a year. With this acquisition, Driven Brands continues to expand its Quick Lube division, which also includes Pro Oil Change and Driven Florida Lubes. Greenwood Village, CO. Leeds West Groups (LWG) was founded in 2009 by current CEO and Board Member Judd Shader and is . Our goal is to be the preferred capital source for private equity solutions by earning the respect of everyone we interact with. Inspire Brands and Roark Capital Group own Arby's. The two companies are the parent organizations of Arby's. Inspire Brands is an American holding company and the owner and franchiser of many food industry companies, such as Arby's, Buffalo Wild Wings, Sonic Drive-In, Jimmy John's, Rusty Taco, and others. Fitness Connection is a leading player in the "High Value, Low Price (HVLP)" segment of the fitness industry. Known as 'America's Bodyshop', Maaco is a leading provider of auto painting and light collision repair services. Flower Child is a growing, fast casual restaurant offering a customizable menu, made fresh from scratch, featuring locally-sourced, all-natural and organic ingredients. 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. [8] Inspire Brands is majority-owned by affiliates of Roark Capital Group. Nothing Bundt Cakes is a leading franchisor and operator of gourmet bakeries. Were just not big believers in shortcuts, Aronson says. McAlister's is a franchise chain of quick casual restaurants offering a variety of sandwiches, salads, soups, wraps and desserts. Roark NEW YORK OFFICE 540 Madison Ave 37th Floor New York, NY 10022 Phone (212) 806-6000 Fax (212) 518-2028 www.roarkcapital.com In 1996 Take 5 designed the first "5 Minute Drive-Thru Oil Change" location. Baseball Academy. Sign up to receive texts from Restaurant Business on news and insights that matter to your brand. 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. Founded in 1999, KE Camps is the leading operator of day camps for country clubs, Bill Derwin, CEO of ICWG, said, "Roark brings a deep understanding of the consumer and an operational expertise that complements our business. 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. New York, NY 10022 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. 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. Driven Brands is the largest automotive services company in North America. Roark Capital Acquires ServiceMaster Brands. The fast . The Bar Method is a leading low-impact studio fitness franchise with locations across the US and Canada. 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. 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. Our name signifies our admiration for the qualities embodied by Howard Roark but, as a firm of diverse viewpoints, it does not signify adherence to any particular political philosophy. 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. Their total assets, however, are around $250 million. Schlotzsky's is a chain of quick casual restaurants offering made-to-order sandwiches, soups, salads and pizza. 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. Merry Maids is a leading franchisor and provider of home cleaning services. In 2006, Brinker sold the company ( but still owns Maggiano's ), and Corner Bakery Cafe began franchising a year later. from 8 AM - 9 PM ET. Members help make our journalism possible. Today, we're one of the world's largest investment management organizations, managing $2.2 trillion.*. Content warning: This article covers allegations of sexual assault. The Company provides a comprehensive suite of services primarily to retail, fleet, and industrial consumers. [18], Inspire Brands announced that it was buying Jimmy John's on September 25, 2019. Who owns roark capital group? Baseball Academy (Youth Enrichment Brands), U.S. Sports Camps (Youth Enrichment Brands), Roark portfolio company, Youth Enrichment Brands, acquires i9 Sports. Self Esteem Brands is the parent company of Anytime Fitness, Basecamp Fitness, The Bar Method, Waxing the City, Stronger U, and Healthy Contributions. Inspire Brands is the franchisor and operator of the Arbys, Buffalo Wild Wings, Jimmy Johns, SONIC, Dunkin, and Baskin Robbins brands. Site Map | Search | Terms of Use | Privacy Policy | Accessibility, Roark Youll see us sell some companies over time, and youll see us take some companies public. [10][19] The deal closed on October 18, 2019. Roark Capital Acquires Fitness Connection. Driven Brands has more than 2,000 centers across North America, and combined, all businesses generate more than $2.1 billion in system sales. Terms of . 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. [20], Inspire Brands on October 25, 2020 announced that it was buying Dunkin' Brands for $11.3 billion. Do not sell my personal infoPrivacy PolicyContact UsRSS, Cheesecake Factory buys most of Roark's stake for $457M. 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. Roark focuses on middle market investment opportunities through family-owned business transfers, management and corporate buyouts . NEW YORK OFFICE Roark is an Atlantabased private equity firm with $33 billion in assets under management. FOCUS Brands is also the franchisor of Seattle's Best Coffee on certain military bases and in certain international markets. Roark Capital Group is buying the 37-unit Jim 'N Nick's Bar-B-Q, the company said on Monday, in a deal that gives the Atlanta-based, private-equity group its 20th restaurant brand. 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. Nothing Bundt Cakes is a leading franchisor and operator of gourmet bakeries. Join the more than 1.5 million industry professionals who get our daily newsletter! 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. Neal Aronson founded Roark Capital in . "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. To help with Arbys, two industry prosJon Luther, Dunkin Brands chairman, and former Yorkshire Global Restaurants CEO Sid Feltensteinwere added as independent directors on Arbys board. 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. Our portfolio companies span multiple industries including food, restaurants, consumer and business services, health, wellness and fitness, and education and youth activities. The following year, Focus Brands was formed to hold Roarks foodservice acquisitions. 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. Roark Capital Group Contact: Debra Vilchis Fishman Public Relations 847-945-1300 [emailprotected], Cision Distribution 888-776-0942 Furniture Medic is a global leader and franchisor in the furniture repair and restoration industry. . 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, that patience is being tested with Arbys. Fax (212) 518-2028 Phone (212) 806-6000 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. Roark Capital | 12,241 followers on LinkedIn. Fax (404) 591-5201 Roark Capital Group, the owner of restaurant chain Arby's, plans to buy Buffalo Wild Wings for $2.4 billion. In the book, the character doesnt bow to conventional wisdom and is seen as an authentic innovator. We like growth, and were looking to invest in growth.. Roark ATLANTA OFFICE 1180 Peachtree Street NE Suite 2500 Atlanta, Georgia 30309 Phone (404) 591-5200 Fax (404) 591-5201 www.roarkcapital.com. Email this Business. The Company focuses on management of buy-outs, acquisitions, mergers, recapitalizations, restructuring . 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 Denver company . 1 Answer ANSWER Neal Aronson. 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. Massage Envy is the leading provider of therapeutic massage and skincare services in the U.S. Inspire Brands is a privately owned equity company that falls under the management of Roark Capital Group . Roark Capital founder Neal Aronson has helped the firm grow to include several premier quick-service companies, including CKE and Arbys. The transaction will apparently not cost Paul Ginsberg, Roark Capitals president, his seat on Cheesecakes board. Our largest sector, food and restaurants, encompasses investments in brands such as: Inspire Brands (the owner of Arbys, Baskin Robbins, Buffalo Wild Wings, Dunkin, Jimmy Johns, and Sonic), Nothing Bundt Cakes, CKE Restaurants (the owner of Carls Jr and Hardees), FOCUS Brands (the owner of Auntie Annes Pretzels, Carvel Ice Cream, Cinnabon, Jamba, McAlisters Deli, Moes Southwest Grill, and Schlotzskys), Millers Ale House, Culvers, The Cheesecake Factory (the owner of North Italia and Flower Child), Jim N Nicks BBQ, and previously Corner Bakery, Il Fornaio, Naf Naf Middle Eastern Grill and Wingstop. Roark NEW YORK OFFICE 540 Madison Ave 37th Floor New York, NY 10022 Phone (212) 806-6000 Fax (212) 518-2028 www.roarkcapital.com He has conviction, passion, unbelievable honesty, openness, and hes loyal and trustworthy. Culver's is a family-favorite restaurant known for their ButterBurgers, Fresh Frozen Custard & Wisconsin Cheese Curds. In the early days, there were real synergies and reasons to put companies together in Focus, says Hill, who became Cinnabons president. Founded in 1988, U.S. You don't drive past their logos every time you leave the house. McAlister's is a franchise chain of quick casual restaurants offering a variety of sandwiches, salads, soups, wraps and desserts. 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. Founder & Chief Executive Officer. Buffalo Wild Wings also owned the Rusty Taco chain. Founded in 2001, Roark Capital Group is a private equity firm based in Atlanta, Georgia. For over 30 years, Culvers guests have been treated to cooked-to-order food made with farm-fresh ingredients, served with a smile. 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. In October 2020, Pandya Restaurant Growth Brands, part of Rohan Group of Cos., owned by real estate investor and restaurant operator Jignesh Pandya of Newtown, Pennsylvania, acquired Corner Bakery . The brand offers 8- and 10-inch bundt cakes, Bundtlets and Bundtinis in multiple flavors that are hand-crafted and baked on-site. Nation's Restaurant News is part of the Informa Connect Division of Informa PLC. 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. Global network of franchises providing residential and commercial restoration services, including water damage, smoke and fire damage, mold remediation, and disaster recovery. 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. 2023 PitchBook. They keep their companies autonomous, but they understand how to control costs and focus on getting the profit margins up.. Founded in 1999, KE Camps is the leading operator of day camps for country clubs, Cinnabon is an American chain of bakeries known for their "World Famous Cinnamon Rolls.". We have been slowly and methodically learning as much as we can about restaurants, Romaniello says. We look first at the brand and the company, he says. Auntie Anne's menu includes hand-rolled soft pretzels baked in-store, Pretzel Nuggets, beverages (including signature lemonade) and Pretzel Dogs. Basecamp Fitness is a growing network of fitness studios featuring high-intensity and high-energy workout sessions. Founded in 1984, Take 5 Oil Change operates 65 quick oil change facilities across nine states throughout the Southeast. 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 . Schlotzsky's is a chain of quick casual restaurants offering made-to-order sandwiches, soups, salads and pizza. from 8 AM - 9 PM ET. Similar Questions. Who owns the most Arby's franchises? Anon { relativeTimeResolver(1660511260487) }} LIVE Points 3. With the acquisition of ICWG, affiliates of Roark have acquired 61 multi-unit brands which combined generate annual system revenues of approximately $25 billion from 28,000 locations in 50 states and 78 countries. Jimmy John's and Rusty Taco parent company has completed its acquisition of Dunkin' Brands Group for $11.3 billion (or . Mar 30, 2016, 11:48 ET. The firm has $3 billion in capital under management, raised through three successively larger private-equity funds. www.roarkcapital.com. Baseball Academy brings together college and high school coaches to provide camp programs to aspiring baseball and softball players across the United States. Stronger U is a digital, personalized nutrition-based health coaching services brand. We dont know when yet, but it will happen, he says. 37th Floor 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. Responsibilities. HOME Environmental, Social and Governance (ESG), HVAC (Heating, Ventilation and Air-Conditioning), Machine Tools, Metalworking and Metallurgy, Aboriginal, First Nations & Native American. New York, NY 10022 ABRA is a leading network of franchised automotive collision repair shops. Roark focuses on investments in consumer and business service companies, with a specialization in franchise and franchise-like business models. Roark focuses on middle-market investment opportunities through family-owned business transfers, anagement/corporate buyouts, recapitalizations, going-private transactions, and corporate divestitures. Furniture Medic is a global leader and franchisor in the furniture repair and restoration industry. About Take 5 Oil ChangeTake 5 Oil Change has been serving customers for more than 30 years. Mathnasium is a leading franchisor of math learning centers with over 1,000 locations across 46 states and 12 countries. The only way your investment is going to be rewarded in the long term is if you make long-term focused decisions that improve the business, which they do very well. After the hotel business was sold, one of Aronson's mentors, Odyssey Partners cofounder Jack Nash, encouraged him to try his hand at private equity. AmeriSpec is a leading franchisor and provider of residential and commercial real estate inspection services. When typing in this field, a list of search results will appear and be automatically updated as you type. 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.. The remaining 50,000 preferred Cheesecake shares will be converted to 2,448,381 common shares of the casual-dining company. How a young private equity firm came to own 16 restaurant brands with $11 billion in systemwide sales. Our business services investments have included Divisions Maintenance Group, Driven Brands,ServiceMaster Brands, Installation Made Easy, and previously Solterra Recycling Solutions, Batteries Plus Bulbs, CyberCore, FASTSIGNS, Money Mailer, Peachtree Business Products, PSC, Quala, Waste Pro, and GFL Environmental. 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. Suite 2500 It met Roarks expertise then: a franchised business in the hospitality arena. Most of Carvels resources had been diverted to its supermarket business, which angered franchisees. Franchisees trust in the owners rose dramatically. 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. Roark Capital Group Inc. Roark Capital Group Inc. operates as a private equity firm. Founded in 1975 and headquartered in San Rafael, CA, US Sports camps is the licensed operator of Nike Sports Camps. 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. The deal shocked an industry already stunned by the unprecedented market changes they were seeing as coronavirus shut down much of the nation. 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. Previously, Okeson was a partner at Alston & Bird LLP in Atlanta, Georgia, where he spent 15 years specializing in corporate governance, mergers and acquisitions . 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. He refuses to follow fads, trends, or popularity. Win whats next. See our history. It takes time to build a really good company, to make it sustainable, and make the growth something thats long term.. The five times weekly e-newsletter that keeps you up-to-date on the latest industry news and additions to this website. 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. Was decided. By the end of the first year under Roark leadership, 21 new menu items were added. Fax (212) 518-2028 For more information, please visit www.roarkcapital.com. There was talent at Carvel that Cinnabon could benefit from, and talent at Cinnabon that Carvel could use.. GROUP. 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 . Please 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. Here's what Roark is offering, and what this means for the company, its shareholders and the struggling restaurant industry.