who owns roark capital group

Driven manages a family of automotive brands including ABRA, CARSTAR, Maaco, Meineke, Take 5, Uniban, 1-800 Radiator, and others. In the announcement, ServiceMaster says: "The transaction will position the . Environmental, Social and Governance (ESG), HVAC (Heating, Ventilation and Air-Conditioning), Machine Tools, Metalworking and Metallurgy, Aboriginal, First Nations & Native American. GROUP. About Take 5 Oil ChangeTake 5 Oil Change has been serving customers for more than 30 years. 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. When typing in this field, a list of search results will appear and be automatically updated as you type. Basecamp Fitness is a growing network of fitness studios featuring high-intensity and high-energy workout sessions. Founded in 2006, Streamline Brands is a leading franchisor and The firm has $3 billion in capital under management, raised through three successively larger private-equity funds. 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. Were growers, not cutters. Fitness Connection is a leading player in the "High Value, Low Price (HVLP)" segment of the fitness industry. 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. www.roarkcapital.com, Roark from 8 AM - 9 PM ET. 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. They understand franchising, and they know brands and understand branding. Environmental, Social and Governance (ESG), HVAC (Heating, Ventilation and Air-Conditioning), Machine Tools, Metalworking and Metallurgy, Aboriginal, First Nations & Native American. Roark Capital-owned Driven Brands targets over $3 bln valuation in IPO. Inspire Brands is the franchisor and operator of the Arbys, Buffalo Wild Wings, Jimmy Johns, SONIC, Dunkin, and Baskin Robbins brands. They did some digging, and went straight to the source: Arby's Quality Assurance. RB American is the largest Arby's franchisee, operating 370 restaurants across 9 states. Wingstop has a total market capitalization of a gigantic $4.73 billion! We dont know when yet, but it will happen, he says. ABRA is a leading network of franchised automotive collision repair shops. 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. 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. US Sports Camps is the nations leading youth sports camp company, serving more than 100,000 campers across 1,200+ camps in 48 states. Self Esteem Brands is the parent company of Anytime Fitness, Basecamp Fitness, The Bar Method, Waxing the City, Stronger U, and Healthy Contributions. 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. Schlotzsky's is a chain of quick casual restaurants offering made-to-order sandwiches, soups, salads and pizza. 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. Suite 2500 2023 PitchBook. 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. "Take 5 Oil Change is an ideal addition to our portfolio of brands. 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. 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. [23], On December 19, 2022, Inspire Brands announced that it had sold Rusty Taco to Gala Capital Partners, owner of Cicis Pizza, Dunn Brothers Coffee, and Mooyah. us for more details. The fast-casual chain started in 1991 in Chicago and launched a franchising program in 2007. 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. 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 . Pet Supermarket is the largest specialty retailer of pet food and pet-related supplies based in the southeastern US. Roark Capital Group. Roark Portfolio Employees Assistance Fund. Mar 30, 2016, 11:48 ET. 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. Members help make our journalism possible. Driven Brands has more than 2,000 centers across North America, and combined, all businesses generate more than $2.1 billion in system sales. 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 . Although CKE has debtthe company refinanced $1 billion last yearAronson says its very manageable. Orangetheory Fitness is one of the largest and fastest growing franchisors in the studio-based fitness market. Baseball Academy. 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. Atlanta, Georgia 30309 Get todays need-to-know restaurant industry intelligence. Arby's owner Roark Capital Group said on Tuesday it would buy Buffalo Wild Wings Inc <BWLD.O> for $2.4 billion, . Cinnabon and some franchising rights for Seattles Best Coffee were then acquired in 2004. ATLANTA OFFICE The acquisitions are a team effort, Hill says, relying on Roarks operational, financial, and other resources. Mathnasium is a leading franchisor of math learning centers with over 1,000 locations across 46 states and 12 countries. 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 . 37th Floor 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. ", 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. NEW YORK OFFICE Roark Capital Group is an Atlanta-based private equity firm with over $6 billion in equity capital. An arm of Atlanta-based Roark Capital Group plans to buy ServiceMaster Brands for $1.55 billion within 30 to 60 days. Fax (404) 591-5201 [9] On August 28, 2018, Georgia Governor Nathan Deal announced that Inspire was moving its headquarters to Sandy Springs, Georgia in 2019. Luther is Arbys chairman. [14] In September 2018, Inspire had the 27-location R Taco reverted to the Rusty Taco name. Founded in 1984, Take 5 Oil Change operates 65 quick oil change facilities across nine states throughout the Southeast. The company is in growth mode, targeting eight to 10 new openings a year. Founded in 1975 and headquartered in San Rafael, CA, US Sports camps is the licensed operator of Nike Sports Camps. 1180 Peachtree Street NE 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. serving 10,000+ campers per year. We then focus our time on what are those three or four key strategic initiatives for that business., Nash, who died in 2008, passed on several lessons to Aronson, one of the biggest being that the best investments require great patience. 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. Mathnasium is a leading franchisor of math learning centers with over 1,000 locations across 46 states and 12 countries. 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. Owned by private equity firm Roark Capital Group, CKE Restaurants was founded in 1966 with the opening of Carl's Jr. Clean Franchise Brands : Year Formed: 2021: . As chief financial officer at U.S. Since inception, affiliates of Roark Capital have acquired 52 franchise/multi-unit brands, which generate $20 billion in annual system revenues from 22,000 locations in 50 states and 75 countries. International House of Pancakes, LLC is a wholly-owned subsidiary of Dine Brands Global (NYSE: DIN). Phone (404) 591-5200 Nov 2009 - Dec 202213 years 2 months. 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. Roark is now one of the largest holding companies in foodservice, with brands ranging from Auntie Annes to Sonic, Jimmy Johns, Arbys, Moes Southwest Grill, Schlotzskys, Carvel, 50% of Culvers, Millers Ale House and Rusty Taco. The Bar Method is a leading low-impact studio fitness franchise with locations across the US and Canada. New York, NY 10022 Bill Derwin, CEO of ICWG, said, "Roark brings a deep understanding of the consumer and an operational expertise that complements our business. It was the public. FOCUS Brands is also the franchisor of Seattle's Best Coffee on certain military bases and in certain international markets. Inspire operates Support Centers in Atlanta, Oklahoma City, Champaign, Minneapolis, and Canton, Massachusetts. Roark Capital Group serves customers in the United States. 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. Jimmy still owns 35%. Youll see us sell some companies over time, and youll see us take some companies public. 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Others acquire companies, do some financial engineering, and then flip them after a few years. Anon { relativeTimeResolver(1660511260487) }} LIVE Points 3. This outlook helps makes Roark successful, says Lex Lane, Wingstop franchisee and vice president and business development officer at United Capital Business Lending in suburban Baltimore. See our history. 1180 Peachtree Street NE For over 30 years, Culvers guests have been treated to cooked-to-order food made with farm-fresh ingredients, served with a smile. Roark differs in many ways from other private equity companies. CARSTAR is the largest franchise network of automotive collision repair shops in North America. Roark Capital founder Neal Aronson has helped the firm grow to include several premier quick-service companies, including CKE and Arbys. 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 . Miller's appears to be in good hands with its current owners. This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. That is part of our obligation to our investors.. Founded in 2003, i9 Sports is a leading franchisor of community-based, multi-sport leagues for children ages 3-14, serving over 3 million kids since inception. serving 10,000+ campers per year. Founded in 1934, Carvel is the leading manufacturer of branded ice cream cakes in the United States and a top producer of premium soft-serve ice cream. Who is corner bakery owned by? Roark also owns nearly a dozen non-eatery franchise businesses. ICWG operates under the IMO banner in Europe and Asia-Pacific. 1-800 Radiator is the largest franchised automotive parts distributor in North America. Dunkin is famous for its combination of high-quality coffees, espresso beverages, baked goods, and breakfast sandwiches served all day with fast, friendly service. Aronson says the firm talks about the core values and lives them out every day, and that theyre on laminated cards given to each of Roarks 45 employees. Before launching Roark Capital, he was the co-founder and CFO of US Franchise Systems, an owner and operator of hotel brands that increased its holdings more than 20-fold under his leadership. The deal specifies that Ginsberg and Aronson are locked up for 60 days from trying to amass a controlling interest in Cheesecake. 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. 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 . [10][19] The deal closed on October 18, 2019. Roark has a history of creating jobs, providing opportunities, and helping people and companies realize their potential. Inspire Brands is majority-owned by affiliates of Roark Capital Group. [11][12] Arby's CEO Paul Brown was selected to continue as Inspire Brands CEO. How are the unit-level economics? Auntie Anne's menu includes hand-rolled soft pretzels baked in-store, Pretzel Nuggets, beverages (including signature lemonade) and Pretzel Dogs. A massive private equity firm, Atlanta-based Roark owns varied franchise brands including Anytime Fitness and Massage Envy, along with Inspire Brands and Focus . If its franchising, it better be great unit-level economics, or a franchisee would never get involved in it.. By the end of the first year under Roark leadership, 21 new menu items were added. The latest from Restaurant Business, sent straight to your inbox. Stronger U is a digital, personalized nutrition-based health coaching services brand. Email this Business. [17] The acquisition was completed on December 7, 2018. We want CKE to reach their potential, just like all of Roarks other brands, he says. McAlister's is a franchise chain of quick casual restaurants offering a variety of sandwiches, salads, soups, wraps and desserts. 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. For 91 years, we've been helping people take control of their financial futures. Roark prides itself on being a trusted partner for management and business owners. As a private equity company, we will need to, and will divest companies, Aronson says. 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. Theres also Green Burrito and Red Burrito, which cobrand with some Carls Jr. and Hardees, while Roark also franchises Seattles Best Coffee internationally. HOME Stronger U is a digital, personalized nutrition-based health coaching services brand. [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. The Denver company . The franchisees hated the company, says Romaniello, now a Roark managing partner. 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. Today, we're one of the world's largest investment management organizations, managing $2.2 trillion.*. Youth Enrichment Brands encompasses US Sports Camps, i9 Sports, Streamline Brands, and U.S. 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. [20], Inspire Brands on October 25, 2020 announced that it was buying Dunkin' Brands for $11.3 billion. Baseball Academy brings together college and high school coaches to provide camp programs to aspiring baseball and softball players across the United States. Roark focuses on franchised and multi-unit business models in the retail, restaurant, consumer and business services sectors. Site Map | Search | Terms of Use | Privacy Policy | Accessibility, Roark Franchisees trust in the owners rose dramatically. NEW YORK OFFICE Roark Capital Group is an Atlanta-based private equity firm with more than $1.5 billion in equity capital under management. The Bar Method is a leading low-impact studio fitness franchise with locations across the US and Canada. Contributions to 527s are not included in the Individuals, PACs, Soft (Indivs), or Soft (Orgs) columns, so the sum of these columns may not equal the Total column. Become a Restaurant Business member today and unlock exclusive benefits, including unlimited access to all of our content. While the chain has over 1,700 locations around the world with thousands of employees and owners, Wingstop was sold to Roark Capital Group in 2010 and went public in 2015. 1 Answer ANSWER Neal Aronson. B-Dubs might be going private. 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. Fax (404) 591-5201 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. Who is the CEO of Sonic? ", "This is a tremendous opportunity for Take 5 Oil Change to grow our business to the next level," said Graham. 540 Madison Ave privacy policy or contact 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. Meineke provides all regularly scheduled maintenance services, along with repair and replacement of vehicle components. Wendy's owns about 18.5 percent of Arby's, with their stake valued at around $325.9 . 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. Contact Ron Ruggless at [emailprotected], /sites/all/themes/penton_subtheme_nrn/images/logos/footer.png. 540 Madison Ave U.S. Roark Capital Group is an American private equity firm with over $33 billion in assets under management. Romaniello became the operating partner, and Hill was added as vice president of franchising and foodservice. . Franchise Systems, an Atlanta-based hotel franchisor that began with one brand and 22 hotels in nine states. Founded in 1988, U.S. ABRA is a leading network of franchised automotive collision repair shops. CKE is one of the world's largest franchisors and operators of quick-service restaurants under the Carls Jr. and Hardees brand banners. Atlanta-based private-equity Roark Capital Group invested in the concept in 2015. For more information, please visit www.roarkcapital.com. Phone (404) 591-5200 Cheesecake opted to trade 200,000 shares of preferred stock to Roark for $200 million, Bojangles makes no bones about its future, Pollo Tropical starts the year off with more customers and better profits, For Wendy's, keeping pace with competitors is harder than it looks, Jack in the Box reaches a 'turning point' in its bid for growth, Chevys Fresh Mex owner adds 2 more brands to portfolio.

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