About Roark Capital Group. . For more information, please visit www.roarkcapital.com. We want to partner with entrepreneurs and executives who share this vision. 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. Here's what Roark is offering, and what this means for the company, its shareholders and the struggling restaurant industry. 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.. Site Map | Search | Terms of Use | Privacy Policy | Accessibility, Roark Roark Capital Group Inc. Roark Capital Group Inc. operates as a private equity firm. 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 . The following year, Focus Brands was formed to hold Roarks foodservice acquisitions. Roark focuses on middle-market investment opportunities through family-owned business transfers, anagement/corporate buyouts, recapitalizations, going-private transactions, and corporate divestitures. When typing in this field, a list of search results will appear and be automatically updated as you type. 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.. 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. Roark focuses on franchised and multi-unit business models in the retail, restaurant, consumer and business services sectors. Self Esteem Brands is the parent company of Anytime Fitness, Basecamp Fitness, The Bar Method, Waxing the City, Stronger U, and Healthy Contributions. The five times weekly e-newsletter that keeps you up-to-date on the latest industry news and additions to this website. Contact Ron Ruggless at [emailprotected], /sites/all/themes/penton_subtheme_nrn/images/logos/footer.png. Phone (404) 591-5200 Were just not big believers in shortcuts, Aronson says. who owns ihop Official 2023 They are an extremely knowledgeable group, he says, noting that the firms buy-and-hold philosophy is important to him as a lender and franchisee. Atlanta, Georgia 30309 540 Madison Ave The deal shocked an industry already stunned by the unprecedented market changes they were seeing as coronavirus shut down much of the nation. 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. (417) 334-3196. The Big Take is the very best of Bloomberg's in-depth, original reporting from around the globe every day. 2023 PitchBook. Cheesecake Factory buys most of Roark's stake for $457M We like growth, and were looking to invest in growth.. Get todays need-to-know restaurant industry intelligence. 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. Driven Brands Holdings Inc, one of the largest U.S. auto services franchisers, is looking to raise as much as $760 million . Who Owns Who in Franchising? Over 50 of the Most Popular Franchise Pet Supermarket is the largest specialty retailer of pet food and pet-related supplies based in the southeastern US. Texas-based Corner Bakery Caf files for Chapter 11 bankruptcy Founded in 1988, U.S. 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. For more information visit www.roarkcapital.com. ", Ezra Field, Senior Managing Director and Chief Investment Officer at Roark, said, "ICWG's quick conveyor car wash model provides high-quality washes at an affordable price point that is attractive to today's consumers who demand convenience and value. If you work your tail off and follow the rules, you can be successful. Self Esteem Brands is the parent company of Anytime Fitness, Basecamp Fitness, The Bar Method, Waxing the City, Stronger U, and Healthy Contributions. ICWG operates under the IMO banner in Europe and Asia-Pacific. 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. 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. ATLANTA, Oct. 4, 2017 /PRNewswire/ --Roark Capital Group, an Atlanta-based private equity firm focused on multi-unit consumer businesses, announced today that its affiliate has closed on the previously announced acquisition of UK-based International Car Wash Group from TDR Capital LLP. 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. Rick Ross Wingstop - Everything Should Know Reverb Press Driven Brands is the largest automotive services company in North America. Founder & Chief Executive Officer. He plans to structure the company similar to Hilton Hotels & Resorts. That is part of our obligation to our investors.. The Company provides a comprehensive suite of services primarily to retail, fleet, and industrial consumers. 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. www.roarkcapital.com. Sign up to receive texts from Restaurant Business on news and insights that matter to your brand. 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. 403 Veterans Blvd. Were growers, not cutters. 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. Founded in 2006, Streamline Brands is a leading franchisor and 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. Investor Spotlight: Roark Capital Group, where Ayn Rand meets Arby's The Chicago-based company did not disclose terms of the deal or the identity of the investor group. Roark Capital Group finalized its deal to acquire Buffalo Wild Wings for $2.9 billion on February 5. Fax (212) 518-2028 Bill Derwin, CEO of ICWG, said, "Roark brings a deep understanding of the consumer and an operational expertise that complements our business. For more information visit www.take5oilchange.com. Founded in 1988, U.S. 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 . Roark Capital Acquires Fitness Connection. Join the more than 1.5 million industry professionals who get our daily newsletter! The firm has $3 billion in capital under management, raised through three successively larger private-equity funds. Roark Capital Group serves customers in the United States. Inside Roark Capital | QSR magazine Who Owns Roark Clothing - BikeHike The latest from Restaurant Business, sent straight to your inbox. 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. I agree to receive PitchBook Data's electronic newsletters, updates, promotions and related messages Jamba is a category-leading smoothie and juice chain that offers a variety of high quality smoothies, juices, bowls and other products. 10 Companies That Own Your Favorite Chain Restaurants - The Daily Meal 1 Answer ANSWER Neal Aronson. [16], Inspire Brands on September 25, 2018 announced that it was buying Oklahoma City-based Sonic Drive-In for $2.3 billion. Jimmy John's Franchise, LLC is an American franchised sandwich fast food restaurant chain owned by Inspire Brands. Roark Acquires Great Expressions Dental Centers Fitness Connection is a leading player in the "High Value, Low Price (HVLP)" segment of the fitness industry. Roark Capital Group acquired Corner Bakery in 2011 from Il Fornaio Corporation. Today, we're one of the world's largest investment management organizations, managing $2.2 trillion.*. No, Sonic is owned by Sega, who debuted the character in "Sonic The Hedgehog" for their Genesis console in 1991. [21][22] The acquisition was completed on December 15, 2020. Number 8860726. The transaction will apparently not cost Paul Ginsberg, Roark Capitals president, his seat on Cheesecakes board. Roark focuses on middle market investment opportunities through family-owned business transfers, management and corporate buyouts . Cheesecake operates its namesake brand and a high-volume Italian casual concept called North Italia. Romaniello became the operating partner, and Hill was added as vice president of franchising and foodservice. For over 30 years, Culvers guests have been treated to cooked-to-order food made with farm-fresh ingredients, served with a smile. Buffalo Wild Wings also owned the Rusty Taco chain. 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. 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. Registered in England and Wales. 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. FOCUS Brands is also the franchisor of Seattle's Best Coffee on certain military bases and in certain international markets. They are like the Warren Buffett of restaurants.. Baseball Academy. Elane served as Group President of Kimberly-Clark International and Global President of Kimberly . If its franchising, it better be great unit-level economics, or a franchisee would never get involved in it.. Roark Capital Acquires Nothing Bundt Cakes | Business Wire All rights reserved. Atlanta, Georgia 30309 www.roarkcapital.com, Roark 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. 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. 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. In its 13 years in existence, Roark has sold only three companies. Mathnasium is a leading franchisor of math learning centers with over 1,000 locations across 46 states and 12 countries. It was the public. 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 . The moves largely undo Roarks $200 million equity investment in Cheesecake back in April 2020, when the pandemic was just beginning. Roark prides itself on partnering with entrepreneurs and executives who share this vision of growth and success across all stakeholders. 1180 Peachtree Street NE 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. He is my all-time favorite character in any book, Aronson says. 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. Roark prides itself on being a trusted partner for management and business owners. You can unsubscribe at any time by clicking on the unsubscribe link at the bottom of our emails. 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. About Take 5 Oil ChangeTake 5 Oil Change has been serving customers for more than 30 years. When Darden sold Red Lobster in 2014, it was to Golden Gate Capital, who also owned Romano's Macaroni Grill from 2008 to 2013. Roark :: About Roark - Roark Capital Group Roark focuses on investments in consumer and business service companies, with a specialization in franchise and franchise-like business models. 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. Stronger U is a digital, personalized nutrition-based health coaching services brand. As of 2021, Wingstop makes a net income of about $42 million a year. 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CHARLES WEST Net Worth $400 Million House Yacht Take 5 is a leading provider of oil change services through a convenient drive-thru format with fast, friendly customer experience. I called Neal and said, What have you gotten me into? Romaniello says. Branson, MO 65616-2060. AmeriSpec is a leading franchisor and provider of residential and commercial real estate inspection services. It comes down to a few basic principles treat everyone the way you want to be treated, always do what you say, and always do what is right and long-term smart regardless of conventional wisdom, even when its really hard and when no one is looking. Franchise Systems, an Atlanta-based hotel franchisor that began with one brand and 22 hotels in nine states. 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. 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. 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 . Jul 22, 2013, 08:00 ET. Global network of franchises providing residential and commercial restoration services, including water damage, smoke and fire damage, mold remediation, and disaster recovery. Atkins Nutritionals Up For Sale - WSJ In the book, the character doesnt bow to conventional wisdom and is seen as an authentic innovator. As of Dec 2022, the chains that the company owns and/or operates include: On this Wikipedia the language links are at the top of the page across from the article title. ATLANTA, Oct. 4, 2017 /PRNewswire/ -- Roark Capital Group, an Atlanta -based private equity firm focused on multi-unit consumer businesses, announced today that its affiliate has closed on the . It takes time to build a really good company, to make it sustainable, and make the growth something thats long term.. Most of Carvels resources had been diverted to its supermarket business, which angered franchisees. He follows what he believes.. For 91 years, we've been helping people take control of their financial futures. By the time Focus Brands--an arm of Atlanta-based private equity firm, Roark Capital Group--took over the company in 2006 they had sold or closed all but one franchise. They have perfected their processes and deliver industry leading customer service. [18], Inspire Brands announced that it was buying Jimmy John's on September 25, 2019. Founded in 1999, KE Camps is the leading operator of day camps for country clubs, See our history. ", "This is a tremendous opportunity for Take 5 Oil Change to grow our business to the next level," said Graham. 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.