Wingstop decided to go entirely public with an IPO (Initial Public Offering) of $19 for a share. The deals became larger and more diversefast-casual, full-service, and quick-service restaurants, including some with company-owned units, not just franchisees. 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 . At Roark, that patience is being tested with Arbys. Merry Maids is a leading franchisor and provider of home cleaning services. Were just not big believers in shortcuts, Aronson says. Inside Roark Capital | QSR magazine ServiceMaster Brands is the parent company of ServiceMaster Restore, ServiceMaster Clean, Merry Maids, TWO MEN AND A TRUCK, AmeriSpec, and Furniture Medic. ABRA is a leading network of franchised automotive collision repair shops. Roark focuses on middle-market investment opportunities through family-owned business transfers, anagement/corporate buyouts, recapitalizations, going-private transactions, and corporate divestitures. Atkins Nutritionals Up For Sale - WSJ Miller's appears to be in good hands with its current owners. 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. As a private equity company, we will need to, and will divest companies, Aronson says. Inspire operates Support Centers in Atlanta, Oklahoma City, Champaign, Minneapolis, and Canton, Massachusetts. Environmental, Social and Governance (ESG), HVAC (Heating, Ventilation and Air-Conditioning), Machine Tools, Metalworking and Metallurgy, Aboriginal, First Nations & Native American. . Elane served as Group President of Kimberly-Clark International and Global President of Kimberly . Aronson began his career in investment banking and private equity in New York, working for several firms, including hedge fund Odyssey Partners. All rights reserved. Fax (212) 518-2028 CHARLES WEST Net Worth $400 Million House Yacht 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. 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. 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.. Fax (212) 518-2028 Responsibilities. Arbys is the largest drive-thru sandwich chain in the United States. 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. Greenwood Village, CO. Leeds West Groups (LWG) was founded in 2009 by current CEO and Board Member Judd Shader and is . Roark focuses on franchised and multi-unit business models in the retail, restaurant, consumer and business services sectors. He refuses to follow fads, trends, or popularity. FOCUS Brands is also the franchisor of Seattle's Best Coffee on certain military bases and in certain international markets. Jamba is a category-leading smoothie and juice chain that offers a variety of high quality smoothies, juices, bowls and other products. 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. Following Roark Capital Group's acquisition of Arby's in 2011, Okeson remained with Arby's as General Counsel while assuming additional senior management responsibilities. Members help make our journalism possible. 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. We want to partner with entrepreneurs and executives who share this vision. Naf Naf Grill and an investor group bought out the minority ownership of Roark Capital. Atlanta investment firm scoops up Culver's stock - Madison Jamba is a category-leading smoothie and juice chain that offers a variety of high quality smoothies, juices, bowls and other products. Lines and paragraphs break automatically. 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. Is Arby's Roast Beef real or processed meat? from 8 AM - 9 PM ET. Driven Brands Holdings Inc, one of the largest U.S. auto services franchisers, is looking to raise as much as $760 million . 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. We like growth, and were looking to invest in growth.. 540 Madison Ave None were restaurants. Roark Capital Group Acquires Driven Brands - Yahoo! Orangetheory Fitness is one of the largest and fastest growing franchisors in the studio-based fitness market. The Bar Method is a leading low-impact studio fitness franchise with locations across the US and Canada. Image Credit: IHOP - Legacy Capital Investment Group IHOP restaurants are franchised and operated by Glendale, California-based International House of Pancakes, LLC and its affiliates. Morningstar Institutional Equity Research. Baseball Academy. When typing in this field, a list of search results will appear and be automatically updated as you type. . who owns ihop Official 2023 Roark Capital Group acquired 81.5% of Arby's Restaurant Group in July 2011 and is now a majority-owner of Inspire Brands. 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. 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. Founded in 1983, Jimmy John's offers high-quality sandwiches with rapid preparation. Wingstop has a total market capitalization of a gigantic $4.73 billion! Please Roark NEW YORK OFFICE 540 Madison Ave 37th Floor New York, NY 10022 Phone (212) 806-6000 Fax (212) 518-2028 www.roarkcapital.com So far, it seems the risk is paying off. Email this Business. ServiceMaster will rename itself Terminix, sell Brands segment Cheesecake will then repurchase the stock for $446.9 million. Did inspire brands buy jimmy johns? Explained by Sharing Culture Who owns capital music group? We learn a lot from every company we evaluate, and then as we work with the companies., Making an acquisition is just the ticket to play, he adds. Arbys same-store sales rose 2.8 percent last year and have grown every quarter since Roark acquired the chain. The latest from Restaurant Business, sent straight to your inbox. 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. "Take 5 Oil Change is an ideal addition to our portfolio of brands. Since inception, affiliates of Roark have invested in 92 franchise/multi-location brands which generate approximately $54 billion in annual system revenues from 63,000 locations in 50 states and . Youll see us sell some companies over time, and youll see us take some companies public. 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. operator of swim schools for children of all ages, serving over 150,000 swimmers per year. 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. Baseball Academy brings together college and high school coaches to provide camp programs to aspiring baseball and softball players across the United States. Wendy's owns about 18.5 percent of Arby's, with their stake valued at around $325.9 . Join the more than 1.5 million industry professionals who get our daily newsletter! refer to our 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. Mathnasium is a leading franchisor of math learning centers with over 1,000 locations across 46 states and 12 countries. Dunkin is famous for its combination of high-quality coffees, espresso beverages, baked goods, and breakfast sandwiches served all day with fast, friendly service. Roark differs in many ways from other private equity companies. Naf Naf Grill, investor group buy out Roark ownership Corner Bakery Files for Bankruptcy Protection As Office Worker We believe that successful partnerships begin with providing a compelling value proposition to all business constituencies. They understand franchising, and they know brands and understand branding. The company, which was sold by Roark Capital Group to Pandya Restaurant Growth Brands in October 2020, has two locations in San Antonio, Texas. NEW YORK OFFICE Roark also owns nearly a dozen non-eatery franchise businesses. There hadnt been a new flavor in five years or a new product in eight. When Darden sold Red Lobster in 2014, it was to Golden Gate Capital, who also owned Romano's Macaroni Grill from 2008 to 2013. It takes time to build a really good company, to make it sustainable, and make the growth something thats long term.. Today the only other restaurantchain Golden Gate owns besides Red Lobster is California Pizza Kitchen, but their portfolio includes lots of non-restaurant companies, including Eddie Bauer, Payless, and J. Jill. Number 8860726. Rating. Maintaining Automated Tests in TAF for V1 platform for API testing It has strong unit-level growth and is stable, with an excellent management team and differentiated brands, Aronson says. 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. 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 more information, visit www.DrivenBrands.com. Roark prides itself on being a trusted partner for management and business owners. Our consumer products and services investments have included Driven Brands (the owner of ABRA, ATI, CARSTAR, International Car Wash Group, Maaco, Meineke, Take 5, Uniban, 1800 Radiator, Auto Glass Now, and others), ServiceMaster Brands (the owner of ServiceMaster Restore, ServiceMaster Clean, Merry Maids, Furniture Medic, AmeriSpec, and Two Men and a Truck), Pet Supermarket, Pet Valu, Orangetheory Fitness, Massage Envy, Mathnasium, Primrose Schools, Self Esteem Brands (the owner of Anytime Fitness, Basecamp Fitness, The Bar Method, Waxing the City, and Stronger U), Fitness Connection, Youth Enrichment Brands (the owner of US Sports Camps, US Baseball Academy, i9 Sports, Streamline Brands and KE Camps), Great Expressions Dental Centers, and previously Atkins Nutritionals, Batteries Plus Bulbs, Drybar, FASTSIGNS, and US Franchise Systems. RB American is the largest Arby's franchisee, operating 370 restaurants across 9 states. 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 Capital Group General Information. October 01, 2020 09:01 AM Eastern Daylight Time . Meineke provides all regularly scheduled maintenance services, along with repair and replacement of vehicle components. Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world. 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 . 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. Latest Addition to Driven Brands Strengthens Leadership Position in Automotive Aftermarket Services Industry. Roark Capital Group is an Atlanta-based private equity firm with more than $1.5 billion in equity capital under management. Founded in Germany in 1965, the Company has solidified its position as the international market leader, developing an extensive network of more than 750 car wash locations across Europe and more than 100 car wash locations in the U.S. ICWG's focus on express-service style operations appeals to a broad base of consumers seeking a quick and high quality wash at an affordable price. They really know restaurants, says Andy Puzder, chief executive of Carpinteria, Californiabased CKE. 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. GROUP. In 2016 Liautaud sold a majority share in the company to Roark Capital. Waxing the City is a growing network of waxing studios with an emphasis on superior waxes, highly-trained staff, and compassionate customer service. 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 brand offers 8- and 10-inch bundt cakes, Bundtlets and Bundtinis in multiple flavors that are hand-crafted and baked on-site. McAlister's is a franchise chain of quick casual restaurants offering a variety of sandwiches, salads, soups, wraps and desserts. 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. 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. 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. No, Sonic is owned by Sega, who debuted the character in "Sonic The Hedgehog" for their Genesis console in 1991. Cheesecake opted to trade 200,000 shares of preferred stock to Roark for $200 million. Phone (404) 591-5200 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. Texas-based Corner Bakery Caf files for Chapter 11 bankruptcy [14] In September 2018, Inspire had the 27-location R Taco reverted to the Rusty Taco name. Roark Capital Acquires ServiceMaster Brands. The transaction will apparently not cost Paul Ginsberg, Roark Capitals president, his seat on Cheesecakes board. We look first at the brand and the company, he says. Inspire Brands Completes Acquisition of Dunkin' Brands Investor Spotlight: Roark Capital Group, where Ayn Rand meets Arby's 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. 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. [8] Inspire Brands is majority-owned by affiliates of Roark Capital Group. 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. Roark Capital Acquires Nothing Bundt Cakes | Business Wire There were four CEOs in six years, a problem Aronson blames on previous ownership. Its two full-service restaurant chains are Il Fornaio and Millers Ale House. Franchisees trust in the owners rose dramatically. serving 10,000+ campers per year. Arbys is the largest drive-thru sandwich chain in the United States. Some investors, including university endowments and investment managers, have invested in all three, a sign of Roarks performance. Roark Acquires Great Expressions Dental Centers The Denver company . Phone (212) 806-6000 EPAM Anywhere hiring Senior Automation Tester in Armenia | LinkedIn . Roark Capital Group finalized its deal to acquire Buffalo Wild Wings for $2.9 billion on February 5. Cinnabon is an American chain of bakeries known for their "World Famous Cinnamon Rolls.". US Sports Camps is the nations leading youth sports camp company, serving more than 100,000 campers across 1,200+ camps in 48 states. ATLANTA OFFICE 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. New York, NY 10022 Some firms seek investments that fit into specific size parameters. 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. Merry Maids is a leading franchisor and provider of home cleaning services. Anytime Fitness is the largest fitness franchise in the world, with gym facilities open 24 hours a day, 365 days a 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. Take 5 Oil Change has a phenomenal brand, operating model, and team led by Marc. Basecamp Fitness is a growing network of fitness studios featuring high-intensity and high-energy workout sessions. CARSTAR is the largest franchise network of automotive collision repair shops in North America. 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. Our goal is to be the preferred capital source for private equity solutions by earning the respect of everyone we interact with. ATLANTA, Feb. 4, 2019 /PRNewswire/ -- Roark Capital, an Atlanta -based private equity firm focused on investing in multi-unit businesses, announced today . Roark managing partner Neal Aronson will retain control of a 4.6% stake. Jimmy John's Franchise, LLC is an American franchised sandwich fast food restaurant chain owned by Inspire Brands. 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.. Who Owns Wingstop? All About the Chicken Wing Chain Founded in 1972, Meineke is an automotive aftermarket industry pioneer and leading provider of repair and maintenance services. Roark NEW YORK OFFICE 540 Madison Ave 37th Floor New York, NY 10022 Phone (212) 806-6000 Fax (212) 518-2028 www.roarkcapital.com Jul 22, 2013, 08:00 ET. Roark Capital Group, the owner of restaurant chain Arby's, plans to buy Buffalo Wild Wings for $2.4 billion. who owns arbys Official 2023 READ MORE, Roark was named after Howard Roark, the protagonist in Ayn Rand's book The Fountainhead. Site Map | Search | Terms of Use | Privacy Policy | Accessibility, Roark Neal Aronson founded Roark Capital in . Affiliates of Roark have invested in 56 franchise/multi-unit brands which collectively generate $21 billion in annual system revenues from 23,000 locations in 50 states and 75 countries. In 2016, Liautaud sold an estimated 65% of the business to Inspire's parent company, the Atlanta-based private equity firm Roark Capital, in a deal that valued Jimmy John's at around $3 . Cinnabon is an American chain of bakeries known for their "World Famous Cinnamon Rolls.". Global network of franchises providing janitorial services, carpet cleaning, hard surface floor care, tile and grout cleaning, and upholstery cleaning. Flower Child is a growing, fast casual restaurant offering a customizable menu, made fresh from scratch, featuring locally-sourced, all-natural and organic ingredients. Founded in 1965, ICWG is the world's largest conveyor car wash company currently operating in 14 countries around the globe, washing more than 35 million cars every year through a network of more than 900 locations. Known as 'America's Bodyshop', Maaco is a leading provider of auto painting and light collision repair services. The firms first acquisition was Carvel in 2001 for $26 million. Similar Questions. who owns sonic Official 2023 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. For more information visit www.take5oilchange.com. Jimmy John's and Rusty Taco parent company has completed its acquisition of Dunkin' Brands Group for $11.3 billion (or . AmeriSpec is a leading franchisor and provider of residential and commercial real estate inspection services. Who is corner bakery owned by? ", "This is a tremendous opportunity for Take 5 Oil Change to grow our business to the next level," said Graham. www.roarkcapital.com, Roark Previously, Okeson was a partner at Alston & Bird LLP in Atlanta, Georgia, where he spent 15 years specializing in corporate governance, mergers and acquisitions . Roark Capital Group Inc. operates as a private equity firm. The stake will be controlled by Roark founder and managing partner Neal Aronson, according to securities documents filed Monday. 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. The acquisitions are a team effort, Hill says, relying on Roarks operational, financial, and other resources. Roark Capital Acquires ServiceMaster for $1.5 Billion 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. Under the terms of the transaction, affiliates of Roark Capital Group will pay $157 a share for Buffalo Wild Wings, just a few dollars more than the $150 price that the company traded at on the . ICWG operates under the IMO banner in Europe and Asia-Pacific. Dunkin is famous for its combination of high-quality coffees, espresso beverages, baked goods, and breakfast sandwiches served all day with fast, friendly service. [17] The acquisition was completed on December 7, 2018. Did inspire brands buy jimmy johns? When the company was sold in 2000, it had three brands and some 500 hotels in all 50 states and five countries. To this day, Wingstop is still under the Roark Capital Group. The firings came . 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 Cheesecake Factory buys most of Roark's stake for $457M 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. Atlanta, Georgia 30309