who owns roark capital group

Fitness Connection is a leading player in the "High Value, Low Price (HVLP)" segment of the fitness industry. The company, which was sold by Roark Capital Group to Pandya Restaurant Growth Brands in October 2020, has two locations in San Antonio, Texas. 1 Answer ANSWER Neal Aronson. Our Core Values have always guided the ways we support our people, businesses, and community, and guide us in how we Invest in Good. 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 Group is an Atlanta-based private equity firm with more than $1.5 billion in equity capital under management. Suite 2500 The Company provides a comprehensive suite of services primarily to retail, fleet, and industrial consumers. 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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. 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. Each deal brings its own set of challenges, says Erik Morris, a managing director who joined Roark in 2007 after leading investments in several quick-service restaurant companies at private equity firm Grotech Capital Group. Roark focuses on franchised and multi-unit business models in the retail, restaurant, consumer and business services sectors. International Car Wash Group is the world's largest local car wash company, with operations in the U.S., Europe and Australia. 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. That step will leave him with 2.4 million shares. 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. [17] The acquisition was completed on December 7, 2018. Roark owns a huge stable of franchised restaurant brands through its two main holdings, Focus Brands and Inspire Brands. The firings came Take 5 Oil Change is the market leader in speed and quality, and is the fastest growing quick lube chain in the country. Cinnabon is an American chain of bakeries known for their "World Famous Cinnamon Rolls.". Here's What It Said, Supporting New Restaurant Franchisees, By Experience Level, The Power of Transformation in the Restaurant World, Fast-Food Chains Turn Focus to Better In-App Experiences, How to Effectively Market a Restaurant Anniversary. Founded in 1983, Jimmy John's offers high-quality sandwiches with rapid preparation. Roark focuses on investments in consumer and business service companies, with a specialization in franchise and franchise-like business models. 37th Floor All rights reserved. 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 is an Atlantabased private equity firm with $35 billion in assets under management. Aronson will surrender 47,517 of the common shares to Cheesecake in exchange for $10.4 million in cash. Later acquisitions were made with capital from the second and third investment funds. Roark Capital Group. Auntie Anne's menu includes hand-rolled soft pretzels baked in-store, Pretzel Nuggets, beverages (including signature lemonade) and Pretzel Dogs. With this acquisition, Driven Brands continues to expand its Quick Lube division, which also includes Pro Oil Change and Driven Florida Lubes. Roark Capital Group acquired Corner Bakery in 2011 from Il Fornaio Corporation. 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. 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 new managers set about turning that around by refurbishing the stores and giving franchisees the OK to sell a product they wanted: Italian ice. AmeriSpec is a leading franchisor and provider of residential and commercial real estate inspection services. Its pretty exciting to be part of helping people realize their dreams, Aronson says of franchising. 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. 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. 540 Madison Ave FOCUS Brands is also the franchisor of Seattle's Best Coffee on certain military bases and in certain international markets. Article continues below . You don't drive past their logos every time you leave the house. Youll see us sell some companies over time, and youll see us take some companies public. . Its holdings in the restaurant industry include investments in Arby's, Corner Bakery, Jimmy John's, Wingstop and FOCUS Brands, which owns chains such as Cinnabon and Schlotzsky's. Inspire operates Support Centers in Atlanta, Oklahoma City, Champaign, Minneapolis, and Canton, Massachusetts. Naf Naf Grills website lists 39 locations in eight states, including Illinois, Indiana, Minnesota, New Jersey, Ohio, Pennsylvania, Tennessee and Wisconsin. Not knowing what to expect during the impending crisis, most restaurant companies scrambled to maximize their liquidity, fearful theyd have insufficient cash on hand to sustain operations as dining rooms were ordered to close and sales fell to a trickle. A massive private equity firm, Atlanta-based Roark owns varied franchise brands including Anytime Fitness and Massage Envy, along with Inspire Brands and Focus . He plans to structure the company similar to Hilton Hotels & Resorts. [13] Co-owner The Wendy's Company's stake was reduced from 18.5% to 12.3% due to the infusion of capital from Roark Capital to fund the purchase. They understand franchising, and they know brands and understand branding. He is my all-time favorite character in any book, Aronson says. 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. Suite 2500 Although CKE has debtthe company refinanced $1 billion last yearAronson says its very manageable. Moe's Southwest Grill is the neighborhood burrito place offering flavorful Southwestern fare with a healthy twist. Roark Capital Group owns other dining-out favorites, including Arby's, Auntie Anne's, Cinnabon, Carvel Ice Cream, Moe's Southwest Grill, and Wingstop. ICWG operates under the IMO banner in Europe and Asia-Pacific. He follows what he believes.. 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. Founded in 1984, Take 5 Oil Change operates 65 quick oil change facilities across nine states throughout the Southeast. When I talked to Jack, he yelled at me and shamed me into starting Roark, Aronson says. Wendy's owns about 18.5 percent of Arby's, with their stake valued at around $325.9 . Through its ownership of Fox Restaurant Group, a concept incubator, it also holds the rights to develop Flower Child, Culinary Dropout, Fly Bye and a host of other small brands. Latest Addition to Driven Brands Strengthens Leadership Position in Automotive Aftermarket Services Industry. For the restaurant, see, "Jimmy John's Sale To Inspire Brands Now Complete", "Why Fast Food's Smartest Operator Is Expanding When Business Is Terrible", "Wendy's sells stake in Arby's owner for $450 million", "Arby's owner beefs up portfolio, eating up another fast-food franchise", "Arby's, Buffalo Wild Wings new parent Inspire Brands debuts", "Arby's closes deal for Buffalo Wild Wings, makes new company", "Arby's CEO: We're Not Done Buying Brands After BWW", "Wendy's Sells Inspire Brands Stake for $450 Million", "Inspire Brands reveals plans for its 3rd brand, now Rusty Taco", "Inspire Brands bringing 1,100 jobs, $32 million to Sandy Springs", "Inspire Brands to buy Sonic Corp. for $2.3B", "Arby's owner Inspire Brands buys Jimmy John's", "Inspire completes purchase of Jimmy John's", "Dunkin' closes in on $9bn sale to Inspire Brands", "Inspire Brands to Acquire Dunkin' Brands Group for $11.3 Billion Including Debt", "Inspire Brands Completes Acquisition of Dunkin' Brands", "Inspire Brands sells Rusty Taco to the owner of Cicis Pizza", "Art of the deal panel to highlight FFGC", https://en.wikipedia.org/w/index.php?title=Inspire_Brands&oldid=1139069937, Companies based in Sandy Springs, Georgia, 2018 establishments in Georgia (U.S. state), Economy of the Southeastern United States, Short description is different from Wikidata, Official website different in Wikidata and Wikipedia, Creative Commons Attribution-ShareAlike License 3.0, This page was last edited on 13 February 2023, at 05:48. Were growers, not cutters. 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. Naf Naf Grill and an investor group bought out the minority ownership of Roark Capital. Jamba is a category-leading smoothie and juice chain that offers a variety of high quality smoothies, juices, bowls and other products. Nation's Restaurant News is part of the Informa Connect Division of Informa PLC. When typing in this field, a list of search results will appear and be automatically updated as you type. HOME As of 2021, Wingstop makes a net income of about $42 million a year. 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. 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. Jamba is a category-leading smoothie and juice chain that offers a variety of high quality smoothies, juices, bowls and other products. [11][12] Arby's CEO Paul Brown was selected to continue as Inspire Brands CEO. Known as 'America's Bodyshop', Maaco is a leading provider of auto painting and light collision repair services. Phone (404) 591-5200 We look forward to partnering and helping accelerate their growth plans. The company is in growth mode, targeting eight to 10 new openings a year. US Sports Camps offering spans 19 different physical sports, Esports, and academic programs for campers ranging from 6 to 18 years old. www.roarkcapital.com. The Bar Method is a leading low-impact studio fitness franchise with locations across the US and Canada. NEW YORK OFFICE Content warning: This article covers allegations of sexual assault. Contact Ron Ruggless at [emailprotected], /sites/all/themes/penton_subtheme_nrn/images/logos/footer.png. Roark Capital Group Affiliates. Thats key. 540 Madison Ave Uniban is a leading network of glass repair and replacement service centers across North America. CKE is one of the world's largest franchisors and operators of quick-service restaurants under the Carls Jr. and Hardees brand banners. Were just not big believers in shortcuts, Aronson says. Number 8860726. Roark Capital | 12,241 followers on LinkedIn. 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. Visit Website. Schlotzsky's is a chain of quick casual restaurants offering made-to-order sandwiches, soups, salads and pizza. This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. Site Map | Search | Terms of Use | Privacy Policy | Accessibility, Roark Founder & Chief Executive Officer. www.roarkcapital.com. These are very smart people, he says. Miller's appears to be in good hands with its current owners. Roark Capital-owned Driven Brands targets over $3 bln valuation in IPO. Wingstop has a total market capitalization of a gigantic $4.73 billion! The buyback more than doubled Roark's initial investment. Roark prides itself on being a trusted partner for management and business owners. 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. . Web page addresses and e-mail addresses turn into links automatically. from 8 AM - 9 PM ET. Others acquire companies, do some financial engineering, and then flip them after a few years. [9] On August 28, 2018, Georgia Governor Nathan Deal announced that Inspire was moving its headquarters to Sandy Springs, Georgia in 2019. 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. As chief financial officer at U.S. Private equity often involves deals of dizzying size to buy companies your average consumer has never heard of. Environmental, Social and Governance (ESG), HVAC (Heating, Ventilation and Air-Conditioning), Machine Tools, Metalworking and Metallurgy, Aboriginal, First Nations & Native American. [18], Inspire Brands announced that it was buying Jimmy John's on September 25, 2019. 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. 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. Roark prides itself on partnering with entrepreneurs and executives who share this vision of growth and success across all stakeholders. Roark has a history of creating jobs, providing opportunities, and helping people and companies realize their potential. We earn trust by abiding by the highest moral standards and treating our investors, management teams, lenders, advisors, service providers and communities with dignity and respect. We look first at the brand and the company, he says. Roark NEW YORK OFFICE 540 Madison Ave 37th Floor New York, NY 10022 Phone (212) 806-6000 Fax (212) 518-2028 www.roarkcapital.com Self Esteem Brands is the parent company of Anytime Fitness, Basecamp Fitness, The Bar Method, Waxing the City, Stronger U, and Healthy Contributions. Jimmy John's and Rusty Taco parent company has completed its acquisition of Dunkin' Brands Group for $11.3 billion (or . Global network of franchises providing janitorial services, carpet cleaning, hard surface floor care, tile and grout cleaning, and upholstery cleaning. No, Sonic is owned by Sega, who debuted the character in "Sonic The Hedgehog" for their Genesis console in 1991. 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. ABRA is a leading network of franchised automotive collision repair shops. 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. 540 Madison Ave US Sports Camps is the nations leading youth sports camp company, serving more than 100,000 campers across 1,200+ camps in 48 states. operator of swim schools for children of all ages, serving over 150,000 swimmers per year. Lying on the carpet are two more frames, holding announcements for the latest purchases, Carls Jr. and Hardees, made last December in a deal valued at about $1.7 billion. Anon { relativeTimeResolver(1660511260487) }} LIVE Points 3. See our history. 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. Arbys same-store sales rose 2.8 percent last year and have grown every quarter since Roark acquired the chain. The remaining 50,000 preferred Cheesecake shares will be converted to 2,448,381 common shares of the casual-dining company. As a private equity company, we will need to, and will divest companies, Aronson says. CHARLOTTE, N.C., March 30, 2016 /PRNewswire/ -- Driven Brands, a portfolio company of Roark Capital and the nation's leading automotive franchisor . McAlister's is a franchise chain of quick casual restaurants offering a variety of sandwiches, salads, soups, wraps and desserts. Founded in 1975 and headquartered in San Rafael, CA, US Sports camps is the licensed operator of Nike Sports Camps. In addition to the franchise brands it owns, the Italian company also designs, makes and distributes fashion, luxury and sports eyewear under almost 20 brand names such as Ray-Ban . 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. Mar 30, 2016, 11:48 ET. 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 Bar Method is a leading low-impact studio fitness franchise with locations across the US and Canada. www.roarkcapital.com, Roark Portfolio Employees Assistance Fund. The Denver company . Luther is Arbys chairman. 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. Auntie Anne's menu includes hand-rolled soft pretzels baked in-store, Pretzel Nuggets, beverages (including signature lemonade) and Pretzel Dogs. Baseball Academy (Youth Enrichment Brands), U.S. Sports Camps (Youth Enrichment Brands), Roark Portfolio Employees Assistance Fund. FOCUS Brands is also the franchisor of Seattle's Best Coffee on certain military bases and in certain international markets. The brand offers 8- and 10-inch bundt cakes, Bundtlets and Bundtinis in multiple flavors that are hand-crafted and baked on-site. They really know restaurants, says Andy Puzder, chief executive of Carpinteria, Californiabased CKE. How a young private equity firm came to own 16 restaurant brands with $11 billion in systemwide sales. Inspire Brands is the franchisor and operator of the Arbys, Buffalo Wild Wings, Jimmy Johns, SONIC, Dunkin, and Baskin Robbins brands. [11] Brown expected that Inspire would acquire additional chains in different segments. Culver's is a family-favorite restaurant known for their ButterBurgers, Fresh Frozen Custard & Wisconsin Cheese Curds. CARSTAR is the largest franchise network of automotive collision repair shops in North America. In the U.S., ICWG operates under the banners of Car Wash USA Express, Goo-Goo, Zippy's, Car Wash Express, and Supersonic Car Wash. ICWG is committed to delivering consistent wash quality for the customer while minimizing the impact on the environment. 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. Roark ATLANTA OFFICE 1180 Peachtree Street NE Suite 2500 Atlanta, Georgia 30309 Phone (404) 591-5200 Fax (404) 591-5201 www.roarkcapital.com. 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. 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. 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. 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. 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. For more information, please visit www.roarkcapital.com. Founded in 1972, Meineke is an automotive aftermarket industry pioneer and leading provider of repair and maintenance services. 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 . 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. 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. 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.. They did some digging, and went straight to the source: Arby's Quality Assurance. Founded in 1988, U.S. 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. Most compete in the quick-service sector, far downmarket from Cheesecakes turf. [8] Inspire Brands is majority-owned by affiliates of Roark Capital Group. Uniban is a leading network of glass repair and replacement service centers across North America. Responsibilities. Some firms seek investments that fit into specific size parameters. 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. In the announcement, ServiceMaster says: "The transaction will position the . Arby's owner Roark Capital Group said on Tuesday it would buy Buffalo Wild Wings Inc <BWLD.O> for $2.4 billion, . 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. Basecamp Fitness is a growing network of fitness studios featuring high-intensity and high-energy workout sessions. All of those characteristics have helped turn Roark into one of the biggest influencers in the quick-service industry. The fast . NEW YORK OFFICE 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. Affiliates of Roark Capital Group have sold the Dallas-based Corner Bakery Cafe brand to Pandya Restaurant Growth Brands LLC, the companies said Thursday. Baseball Academy. 403 Veterans Blvd. Basecamp Fitness is a growing network of fitness studios featuring high-intensity and high-energy workout sessions. Known as 'America's Bodyshop', Maaco is a leading provider of auto painting and light collision repair services.

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