Auntie Anne's menu includes hand-rolled soft pretzels baked in-store, Pretzel Nuggets, beverages (including signature lemonade) and Pretzel Dogs. Franchisees trust in the owners rose dramatically. Roark Portfolio Employees Assistance Fund. 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. Founded in 1983, Jimmy John's offers high-quality sandwiches with rapid preparation. Was decided. Fitness Connection is a leading player in the "High Value, Low Price (HVLP)" segment of the fitness industry. www.roarkcapital.com. Inspire Brands is the franchisor and operator of the Arbys, Buffalo Wild Wings, Jimmy Johns, SONIC, Dunkin, and Baskin Robbins brands. 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. 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 Company focuses on management of buy-outs, acquisitions, mergers, recapitalizations, restructuring . You can unsubscribe at any time by clicking on the unsubscribe link at the bottom of our emails. Sign up to receive texts from Restaurant Business on news and insights that matter to your brand. 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. 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. We want CKE to reach their potential, just like all of Roarks other brands, he says. Uniban is a leading network of glass repair and replacement service centers across North America. Founded in 1983, Jimmy John's offers high-quality sandwiches with rapid preparation. There was talent at Carvel that Cinnabon could benefit from, and talent at Cinnabon that Carvel could use.. The franchisees hated the company, says Romaniello, now a Roark managing partner. 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. 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. Nothing Bundt Cakes is a leading franchisor and operator of gourmet bakeries. 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. The Chicago-based company did not disclose terms of the deal or the identity of the investor group. 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. Global network of franchises providing residential and commercial restoration services, including water damage, smoke and fire damage, mold remediation, and disaster recovery. 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. 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 . Roark Capital Group General Information. 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. Merry Maids is a leading franchisor and provider of home cleaning services. Moe's Southwest Grill is the neighborhood burrito place offering flavorful Southwestern fare with a healthy twist. By the end of the first year under Roark leadership, 21 new menu items were added. Fax (212) 518-2028 Fax (404) 591-5201 For more information, please visit www.roarkcapital.com. NEW YORK OFFICE I called Neal and said, What have you gotten me into? Romaniello says. Roark Capital Group. Neal K Aronson is Managing Partner/Founder at Roark Capital Group. Pet Supermarket is the largest specialty retailer of pet food and pet-related supplies based in the southeastern US. The company is in growth mode, targeting eight to 10 new openings a year. GROUP. Driven manages a family of automotive brands including ABRA, CARSTAR, Maaco, Meineke, Take 5, Uniban, 1-800 Radiator, and others. 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. You don't drive past their logos every time you leave the house. Roark Capital Group Inc. operates as a private equity firm. We want to partner with entrepreneurs and executives who share this vision. Maintaining Automated Tests in TAF for V1 platform for API testing Please Inspire Brands is a privately owned equity company that falls under the management of Roark Capital Group . . October 01, 2020 09:01 AM Eastern Daylight Time . Theres also Green Burrito and Red Burrito, which cobrand with some Carls Jr. and Hardees, while Roark also franchises Seattles Best Coffee internationally. FOCUS Brands is also the franchisor of Seattle's Best Coffee on certain military bases and in certain international markets. Who owns capital music group? We dont know when yet, but it will happen, he says. Roark Capital Group added another brand to its wide-ranging franchise portfolio with the acquisition October 1 of residential and commercial restoration and cleaning services company. READ MORE, Site Map | Search | Terms of Use | Privacy Policy | Accessibility, Roark 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. When typing in this field, a list of search results will appear and be automatically updated as you type. Culver's is a family-favorite restaurant known for their ButterBurgers, Fresh Frozen Custard & Wisconsin Cheese Curds. 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. Arbys is the largest drive-thru sandwich chain in the United States. Roark Capital Group finalized its deal to acquire Buffalo Wild Wings for $2.9 billion on February 5. "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. Roark Capital Group is an Atlanta-based private equity firm with over $6 billion in equity capital. Previously, Okeson was a partner at Alston & Bird LLP in Atlanta, Georgia, where he spent 15 years specializing in corporate governance, mergers and acquisitions . Cheesecake only franchises abroad, and on a limited basis, and it is positioned squarely in the upper echelon of casual dining. Roarks other limited-service brands include Auntie Annes, Carvel Ice Cream, Cinnabon, Moes Southwest Grill, and Schlotzskysall of which are included under the Focus Brands umbrellaas well as Corner Bakery, McAlisters Deli, and Wingstop. Roark Capital Group owns other dining-out favorites, including Arby's, Auntie Anne's, Cinnabon, Carvel Ice Cream, Moe's Southwest Grill, and Wingstop. Fax (212) 518-2028 Cinnabon is an American chain of bakeries known for their "World Famous Cinnamon Rolls.". Baseball Academy brings together college and high school coaches to provide camp programs to aspiring baseball and softball players across the United States. 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. Environmental, Social and Governance (ESG), HVAC (Heating, Ventilation and Air-Conditioning), Machine Tools, Metalworking and Metallurgy, Aboriginal, First Nations & Native American. refer to our So far, it seems the risk is paying off. Others acquire companies, do some financial engineering, and then flip them after a few years. US Sports Camps offering spans 19 different physical sports, Esports, and academic programs for campers ranging from 6 to 18 years old. 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. Jul 22, 2013, 08:00 ET. Driven Brands Holdings Inc, one of the largest U.S. auto services franchisers, is looking to raise as much as $760 million . Description. Phone (212) 806-6000 Become a Restaurant Business member today and unlock exclusive benefits, including unlimited access to all of our content. It met Roarks expertise then: a franchised business in the hospitality arena. 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. Howard Roarks characteristics led to Roark Capitals 12 core values, including commitment, integrity, collaboration, and accountability. Join the more than 1.5 million industry professionals who get our daily newsletter! Do not sell my personal infoPrivacy PolicyContact UsRSS, Cheesecake Factory buys most of Roark's stake for $457M. [11] Brown expected that Inspire would acquire additional chains in different segments. Cinnabon is an American chain of bakeries known for their "World Famous Cinnamon Rolls.". 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. 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. www.roarkcapital.com, Roark www.roarkcapital.com, Roark Youth Enrichment Brands encompasses US Sports Camps, i9 Sports, Streamline Brands, and U.S. The fast-casual chain started in 1991 in Chicago and launched a franchising program in 2007. 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. Romaniello became the operating partner, and Hill was added as vice president of franchising and foodservice. Wingstop decided to go entirely public with an IPO (Initial Public Offering) of $19 for a share. Jamba is a category-leading smoothie and juice chain that offers a variety of high quality smoothies, juices, bowls and other products. 37th Floor It is part of Flynn Restaurant Group which also operates 441 . READ MORE, Roark was named after Howard Roark, the protagonist in Ayn Rand's book The Fountainhead. The firms first acquisition was Carvel in 2001 for $26 million. Web page addresses and e-mail addresses turn into links automatically. As a private equity company, we will need to, and will divest companies, Aronson says. 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. While the firm has not sold any of its restaurant companies yet, that time will come. We like growth, and were looking to invest in growth.. [14] In September 2018, Inspire had the 27-location R Taco reverted to the Rusty Taco name. Cheesecake opted to trade 200,000 shares of preferred stock to Roark for $200 million. 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. Pet Supermarket is the largest specialty retailer of pet food and pet-related supplies based in the southeastern US. Franchise Systems, an Atlanta-based hotel franchisor that began with one brand and 22 hotels in nine states. 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. Anytime Fitness is the largest fitness franchise in the world, with gym facilities open 24 hours a day, 365 days a year. Their total assets, however, are around $250 million. Miller's appears to be in good hands with its current owners. The firm also provides the capital for operators to reach their goals. It has strong unit-level growth and is stable, with an excellent management team and differentiated brands, Aronson says. ", Matt Kaelin, Managing Director at Roark, added, "We are looking forward to working with Mike Smith, Bill Derwin, and the rest of the management team to continue to build the business.". The Rohan Group of Companies, which owns Pandya Restaurant Growth Brands, had hoped to expand the Corner Bakery brand, but it remains unclear how the bankruptcy filing will impact those plans. RB American is the largest Arby's franchisee, operating 370 restaurants across 9 states. How are the unit-level economics? Focus added Schlotzskys in 2006, Moes Southwest Grill in 2007, and Auntie Annes in 2010. For over 30 years, Culvers guests have been treated to cooked-to-order food made with farm-fresh ingredients, served with a smile. Cheesecake operates its namesake brand and a high-volume Italian casual concept called North Italia. ABRA is a leading network of franchised automotive collision repair shops. When Darden sold Red Lobster in 2014, it was to Golden Gate Capital, who also owned Romano's Macaroni Grill from 2008 to 2013. Most of Carvels resources had been diverted to its supermarket business, which angered franchisees. 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 . 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. Moe's Southwest Grill is the neighborhood burrito place offering flavorful Southwestern fare with a healthy twist. 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. 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.. 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. ATLANTA, Feb. 4, 2019 /PRNewswire/ -- Roark Capital, an Atlanta -based private equity firm focused on investing in multi-unit businesses, announced today . 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. Few of Arbys issues were present at CKE, which was acquired from private equity firm Apollo Global Management. CARSTAR is the largest franchise network of automotive collision repair shops in North America. Roark is an Atlantabased private equity firm with $33 billion in assets under management. Roark Capital Acquires ServiceMaster Brands. 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. Private equity often involves deals of dizzying size to buy companies your average consumer has never heard of. And that someone, who snapped the company up in early 2018, was Roark Capital, also the owner of the fast-food company Arby's, which has been pegged as one of the least respected fast-food chains . Most compete in the quick-service sector, far downmarket from Cheesecakes turf. serving 10,000+ campers per year. 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. 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. Roark Capital Group Contact: Debra Vilchis Fishman Public Relations 847-945-1300 [emailprotected], Cision Distribution 888-776-0942 Media ContactBrandi Neloms, Sr. Communications Manager[emailprotected] 704-644-8151, Cision Distribution 888-776-0942 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. 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. 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. Were just not big believers in shortcuts, Aronson says. This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. Suite 2500 That's because we've stayed true to our core beliefs, our approach to investing and our commitment to community. Atlanta, Georgia 30309 1180 Peachtree Street NE . Author has 4.2K answers and 3.1M answer views. [20], Inspire Brands on October 25, 2020 announced that it was buying Dunkin' Brands for $11.3 billion. Roark Capital Group, that currently owns the Schlotzsky's, Carvel, Cinnabon, Moe's Southwest Grill, McAlister's Deli, Auntie Anne's and Jamba brands. Still, Arbys core attributes lined up for Roark, including the brand differentiation, great history, a large and loyal customer base, good locations, and upside potential. 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. 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. For more information visit www.roarkcapital.com. In 1995, he helped launch U.S. See our history. 11.16.21 ROARK INVESTMENT Roark Capital Acquires Mathnasium READ MORE . Jimmy John's Franchise, LLC is an American franchised sandwich fast food restaurant chain owned by Inspire Brands. Massage Envy is the leading provider of therapeutic massage and skincare services in the U.S. Roark ATLANTA OFFICE 1180 Peachtree Street NE Suite 2500 Atlanta, Georgia 30309 Phone (404) 591-5200 Fax (404) 591-5201 www.roarkcapital.com. HOME 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. In 2016 Liautaud sold a majority share in the company to Roark Capital. The Company provides a comprehensive suite of services primarily to retail, fleet, and industrial consumers. ATLANTA OFFICE ORLANDO, Florida: Under recently reinstated CEO Bob Iger, Walt Disney Co. announced this week that it is cutting 7,000 jobs, or 3.6 percent of the company's global workforce, to save $5.5 billion in costs and seek to make its streaming business profitable. | Roark is an Atlantabased private equity firm with $35 billion in assets under management. Nothing Bundt Cakes is a leading franchisor and operator of gourmet bakeries. Roark focuses on investments in consumer and business service companies, with a specialization in franchise and franchise-like business models. ATLANTA OFFICE 1 Answer ANSWER Neal Aronson. 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 . 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. Founded in 1984, Take 5 Oil Change operates 65 quick oil change facilities across nine states throughout the Southeast. Dunkin is famous for its combination of high-quality coffees, espresso beverages, baked goods, and breakfast sandwiches served all day with fast, friendly service. 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. In the announcement, ServiceMaster says: "The transaction will position the . Roark prides itself on being a trusted partner for management and business owners. [10][19] The deal closed on October 18, 2019. 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. They understand franchising, and they know brands and understand branding. Aronson launched the firm in 2001 and named it for Howard Roark, the protagonist architect in Ayn Rands novel, The Fountainhead. NEW YORK OFFICE Founded in 1975 and headquartered in San Rafael, CA, US Sports camps is the licensed operator of Nike Sports Camps. "Take 5 Oil Change is an ideal addition to our portfolio of brands. See Neal K Aronson's compensation, career history, education, & memberships. Finally, in 2015, the final answer to the previous question, who owned Wingstop? Roark Capital Group , an Atlanta-based private equity firm, acquired Miller's Ale House, a growing casual dining restaurant chain, from owners Jack Miller, KarpReilly and SKM Equity Fund III. Waxing the City is a growing network of waxing studios with an emphasis on superior waxes, highly-trained staff, and compassionate customer service. Will the Fast-Food Dining Room Live On After COVID? Some firms seek investments that fit into specific size parameters.