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A massive private equity firm, Atlanta-based Roark owns varied franchise brands including Anytime Fitness and Massage Envy, along with Inspire Brands and Focus . GROUP. October 01, 2020 09:01 AM Eastern Daylight Time . Others acquire companies, do some financial engineering, and then flip them after a few years. In its 13 years in existence, Roark has sold only three companies. When I talked to Jack, he yelled at me and shamed me into starting Roark, Aronson says. 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. who owns ihop Official 2023 Meineke provides all regularly scheduled maintenance services, along with repair and replacement of vehicle components. The firm also provides the capital for operators to reach their goals. Focus added Schlotzskys in 2006, Moes Southwest Grill in 2007, and Auntie Annes in 2010. Environmental, Social and Governance (ESG), HVAC (Heating, Ventilation and Air-Conditioning), Machine Tools, Metalworking and Metallurgy, Aboriginal, First Nations & Native American. Contact Ron Ruggless at [emailprotected], /sites/all/themes/penton_subtheme_nrn/images/logos/footer.png. 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 . Flower Child is a growing, fast casual restaurant offering a customizable menu, made fresh from scratch, featuring locally-sourced, all-natural and organic ingredients. Inspire operates Support Centers in Atlanta, Oklahoma City, Champaign, Minneapolis, and Canton, Massachusetts. refer to our 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. [14] In September 2018, Inspire had the 27-location R Taco reverted to the Rusty Taco name. Wingstop decided to go entirely public with an IPO (Initial Public Offering) of $19 for a share. Orangetheory Fitness is one of the largest and fastest growing franchisors in the studio-based fitness market. 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. 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. ATLANTA OFFICE Naf Naf Grill and an investor group bought out the minority ownership of Roark Capital. Roark prides itself on partnering with entrepreneurs and executives who share this vision of growth and success across all stakeholders. Roark ATLANTA OFFICE 1180 Peachtree Street NE Suite 2500 Atlanta, Georgia 30309 Phone (404) 591-5200 Fax (404) 591-5201 www.roarkcapital.com. It met Roarks expertise then: a franchised business in the hospitality arena. 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. Corner Bakery Cafe sells to Boston Market owner Pandya The purchases were financed primarily through Roarks first private equity fund. Take 5 Oil Change is the market leader in speed and quality, and is the fastest growing quick lube chain in the country. 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. It has strong unit-level growth and is stable, with an excellent management team and differentiated brands, Aronson says. 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. Jimmy still owns 35%. Article continues below . Moe's Southwest Grill is the neighborhood burrito place offering flavorful Southwestern fare with a healthy twist. Orangetheory Fitness is one of the largest and fastest growing franchisors in the studio-based fitness market. In 1995, he helped launch U.S. They keep their companies autonomous, but they understand how to control costs and focus on getting the profit margins up.. Win whats next. AmeriSpec is a leading franchisor and provider of residential and commercial real estate inspection services. Roark also owns nearly a dozen non-eatery franchise businesses. 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. Anon { relativeTimeResolver(1660511260487) }} LIVE Points 3. Now that you know who owns Wingstop, it probably doesn't come as a surprise that the original owner, Antonio Swad had been in the restaurant business since . Global network of franchises providing residential and commercial restoration services, including water damage, smoke and fire damage, mold remediation, and disaster recovery. These are very smart people, he says. Phone (212) 806-6000 Most compete in the quick-service sector, far downmarket from Cheesecakes turf. Roark Capital Group Acquires Miller's Ale House - PR Newswire Roark Capital Acquires Fitness Connection - prnewswire.com ATLANTA OFFICE [15], On August 16, 2018, The Wendy's Company announced that it sold its 12.3% stake in Inspire Brands back to the company for $450 million, which included a 38% premium over the stake's most recent valuation. 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. Our portfolio companies span multiple industries including food, restaurants, consumer and business services, health, wellness and fitness, and education and youth activities. 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 . Roark Capital Group acquired Corner Bakery in 2011 from Il Fornaio Corporation. It takes time to build a really good company, to make it sustainable, and make the growth something thats long term.. Roark Vacation Resort | Better Business Bureau Profile Roark focuses on franchised and multi-unit business models in the retail, restaurant, consumer and business services sectors. Who owns the most Arby's franchises? Web page addresses and e-mail addresses turn into links automatically. Fax (404) 591-5201 US Sports Camps offering spans 19 different physical sports, Esports, and academic programs for campers ranging from 6 to 18 years old. When typing in this field, a list of search results will appear and be automatically updated as you type. 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. Its pretty exciting to be part of helping people realize their dreams, Aronson says of franchising. Fitness Connection is a leading player in the "High Value, Low Price (HVLP)" segment of the fitness industry. 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. [9] On August 28, 2018, Georgia Governor Nathan Deal announced that Inspire was moving its headquarters to Sandy Springs, Georgia in 2019. 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. Uniban is a leading network of glass repair and replacement service centers across North America. 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. When Darden sold Red Lobster in 2014, it was to Golden Gate Capital, who also owned Romano's Macaroni Grill from 2008 to 2013. 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. Inspire Brands is the franchisor and operator of the Arbys, Buffalo Wild Wings, Jimmy Johns, SONIC, Dunkin, and Baskin Robbins brands. 1180 Peachtree Street NE 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. ServiceMaster Brands is the parent company of ServiceMaster Restore, ServiceMaster Clean, Merry Maids, TWO MEN AND A TRUCK, AmeriSpec, and Furniture Medic. 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. Aronson launched the firm in 2001 and named it for Howard Roark, the protagonist architect in Ayn Rands novel, The Fountainhead. In 2016 Liautaud sold a majority share in the company to Roark Capital. 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. The Company focuses on management of buy-outs, acquisitions, mergers, recapitalizations, restructuring . Howard Roarks characteristics led to Roark Capitals 12 core values, including commitment, integrity, collaboration, and accountability. Driven Brands is the largest automotive services company in North America. privacy policy or contact Roark Capital Group Inc. Roark Capital Group Inc. operates as a private equity firm. NEW YORK OFFICE Later on, it was sold to the Roark Capital Group back in 2010. 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. Cheesecake only franchises abroad, and on a limited basis, and it is positioned squarely in the upper echelon of casual dining. Number 8860726. Roark Capital | 12,241 followers on LinkedIn. 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. Roark Acquires Great Expressions Dental Centers ", 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.". 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. If its franchising, it better be great unit-level economics, or a franchisee would never get involved in it.. Fitness Connection is a leading player in the "High Value, Low Price (HVLP)" segment of the fitness industry. CKE is one of the world's largest franchisors and operators of quick-service restaurants under the Carls Jr. and Hardees brand banners. 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. This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. In 2006, Brinker sold the company ( but still owns Maggiano's ), and Corner Bakery Cafe began franchising a year later. 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. We want CKE to reach their potential, just like all of Roarks other brands, he says. 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. 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 . Arbys same-store sales rose 2.8 percent last year and have grown every quarter since Roark acquired the chain. Its two full-service restaurant chains are Il Fornaio and Millers Ale House. 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. RB American is the largest Arby's franchisee, operating 370 restaurants across 9 states. Arbys is the largest drive-thru sandwich chain in the United States. Judd Kyle Shader - Founder & Executive Chairman - LinkedIn You don't drive past their logos every time you leave the house. Known as 'America's Bodyshop', Maaco is a leading provider of auto painting and light collision repair services. The firings came Founded in 1984, Take 5 Oil Change operates 65 quick oil change facilities across nine states throughout the Southeast. Neal K Aronson, Roark Capital Group: Profile and Biography Jul 22, 2013, 08:00 ET. Atkins Nutritionals Up For Sale - WSJ 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. Roark Capital Group Acquires International Car Wash Group - PR Newswire Buffalo Wild Wings is sold to owner of Arby's, Jimmy John's Nation's Restaurant News is part of the Informa Connect Division of Informa PLC. 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. [24], Inspire received Franchise Times 2019 Dealmaker of the Year award for its acquisitions of Buffalo Wild Wings and Sonic Drive-In.[25]. 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. . 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. 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: . Founded in 1975 and headquartered in San Rafael, CA, US Sports camps is the licensed operator of Nike Sports Camps. Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. When the company was sold in 2000, it had three brands and some 500 hotels in all 50 states and five countries. If capital and expertise are needed to help the brands grow, well provide that.. READ MORE, Site Map | Search | Terms of Use | Privacy Policy | Accessibility, Roark [20], Inspire Brands on October 25, 2020 announced that it was buying Dunkin' Brands for $11.3 billion. There was talent at Carvel that Cinnabon could benefit from, and talent at Cinnabon that Carvel could use.. Roark Capital Group is an Atlanta-based private equity firm with more than $1.5 billion in equity capital under management. Cinnabon is an American chain of bakeries known for their "World Famous Cinnamon Rolls.". For more information, please visit www.roarkcapital.com. 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. who owns arbys Official 2023 The five times weekly e-newsletter that keeps you up-to-date on the latest industry news and additions to this website. Media ContactBrandi Neloms, Sr. Communications Manager[emailprotected] 704-644-8151, Cision Distribution 888-776-0942 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. What are zingers at miller's ale house? Explained by Sharing Culture Who Owns Massage Envy? Details on Spa Franchisor Amid Allegations 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. 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. Few of Arbys issues were present at CKE, which was acquired from private equity firm Apollo Global Management. Phone (404) 591-5200 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 Big Take is the very best of Bloomberg's in-depth, original reporting from around the globe every day. Miscellaneous . Working At Arby's: Employee Reviews And Culture - Zippia Roark Capital Group acquires Jim 'N Nick's Bar-B-Q The securities filing states that Aronson will have the discretion to manage the shares as he sees fit. Jimmy John's is one of the largest sandwich chains in the US. The Company focuses on management of buy-outs, acquisitions, mergers, recapitalizations, restructuring, business transfers, corporate divestiture, and other situations. [16], Inspire Brands on September 25, 2018 announced that it was buying Oklahoma City-based Sonic Drive-In for $2.3 billion. Founded in 1983, Jimmy John's offers high-quality sandwiches with rapid preparation. They understand franchising, and they know brands and understand branding. Nothing Bundt Cakes is a leading franchisor and operator of gourmet bakeries. Roark Capital Acquires Nothing Bundt Cakes | Business Wire 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. READ MORE, Invest in Good is Roarks multi-faceted commitment to long-term social impact initiatives. serving 10,000+ campers per year. We like growth, and were looking to invest in growth.. Dunkin is famous for its combination of high-quality coffees, espresso beverages, baked goods, and breakfast sandwiches served all day with fast, friendly service. Miller's appears to be in good hands with its current owners. Driven Brands is the largest automotive services company in North America. Basecamp Fitness is a growing network of fitness studios featuring high-intensity and high-energy workout sessions. I agree to receive PitchBook Data's electronic newsletters, updates, promotions and related messages Founded in 1988, U.S. Maintaining Automated Tests in TAF for V1 platform for API testing 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. . ", "This is a tremendous opportunity for Take 5 Oil Change to grow our business to the next level," said Graham. Naf Naf Grill, investor group buy out Roark ownership Fax (212) 518-2028 Phone (404) 591-5200 [21][22] The acquisition was completed on December 15, 2020. 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.. New York, NY 10022 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. The Company provides a comprehensive suite of services primarily to retail, fleet, and industrial consumers. 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. The Bar Method is a leading low-impact studio fitness franchise with locations across the US and Canada. "Take 5 Oil Change is an ideal addition to our portfolio of brands. Roark Capital Group - CB Insights