Roark Capital Acquires Fitness Connection - prnewswire.com Roark focuses on middle-market investment opportunities through family-owned business transfers, anagement/corporate buyouts, recapitalizations, going-private transactions, and corporate divestitures. . ABRA is a leading network of franchised automotive collision repair shops. Branson, MO 65616-2060. 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. We want CKE to reach their potential, just like all of Roarks other brands, he says. Suite 2500 The Company provides a comprehensive suite of services primarily to retail, fleet, and industrial consumers. The firms first acquisition was Carvel in 2001 for $26 million. If its franchising, it better be great unit-level economics, or a franchisee would never get involved in it.. Basecamp Fitness is a growing network of fitness studios featuring high-intensity and high-energy workout sessions. 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. Cheesecake only franchises abroad, and on a limited basis, and it is positioned squarely in the upper echelon of casual dining. Atlanta, Georgia 30309 Our portfolio companies span multiple industries including food, restaurants, consumer and business services, health, wellness and fitness, and education and youth activities. 540 Madison Ave 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. Roark NEW YORK OFFICE 540 Madison Ave 37th Floor New York, NY 10022 Phone (212) 806-6000 Fax (212) 518-2028 www.roarkcapital.com Roark :: About Our Name - Roark Capital Group He plans to structure the company similar to Hilton Hotels & Resorts. In the early days, there were real synergies and reasons to put companies together in Focus, says Hill, who became Cinnabons president. Roark Capital founder Neal Aronson has helped the firm grow to include several premier quick-service companies, including CKE and Arbys. Baseball Academy brings together college and high school coaches to provide camp programs to aspiring baseball and softball players across the United States. When Darden sold Red Lobster in 2014, it was to Golden Gate Capital, who also owned Romano's Macaroni Grill from 2008 to 2013. Known as 'America's Bodyshop', Maaco is a leading provider of auto painting and light collision repair services. Maintaining Automated Tests in TAF for V1 platform for API testing Its pretty exciting to be part of helping people realize their dreams, Aronson says of franchising. It is part of Flynn Restaurant Group which also operates 441 . Naf Naf Grill, investor group buy out Roark ownership Romaniello and Hill moved to Roark in 2008 to help with acquisitions and operations. GROUP. 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. Dunkin is famous for its combination of high-quality coffees, espresso beverages, baked goods, and breakfast sandwiches served all day with fast, friendly service. Roark prides itself on being a trusted partner for management and business owners. How are the unit-level economics? Culver's is a family-favorite restaurant known for their ButterBurgers, Fresh Frozen Custard & Wisconsin Cheese Curds. Roark Capital Acquires ServiceMaster Brands | Business Wire Were just not big believers in shortcuts, Aronson says. Massage Envy is the leading provider of therapeutic massage and skincare services in the U.S. The moves largely undo Roarks $200 million equity investment in Cheesecake back in April 2020, when the pandemic was just beginning. B-Dubs might be going private. Who Owns Wingstop? All About the Chicken Wing Chain Atlanta-based private-equity Roark Capital Group invested in the concept in 2015. 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. Founded in 1975 and headquartered in San Rafael, CA, US Sports camps is the licensed operator of Nike Sports Camps. 1180 Peachtree Street NE 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 . [9][10], Inspire Brands was formed when Arby's Restaurant Group merged with Buffalo Wild Wings on February 5, 2018. It met Roarks expertise then: a franchised business in the hospitality arena. 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. 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. 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 more information visit www.roarkcapital.com. Cinnabon is an American chain of bakeries known for their "World Famous Cinnamon Rolls.". Roark Capital to buy Buffalo Wild Wings for $2.9 billion - CNBC Disney to cut 7,000 jobs after return of CEO Iger - Worldnews.com Roarks strategy is to focus on a few industries and dive deeply into them, gaining knowledge and insight that is important to make acquisitions and providing expertise to its operating company managers, who typically hold an equity stake. ATLANTA OFFICE It takes time to build a really good company, to make it sustainable, and make the growth something thats long term.. Environmental, Social and Governance (ESG), HVAC (Heating, Ventilation and Air-Conditioning), Machine Tools, Metalworking and Metallurgy, Aboriginal, First Nations & Native American. 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. 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 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. Who Owns Who in Franchising? Over 50 of the Most Popular Franchise Arby's owner Roark Capital Group said on Tuesday it would buy Buffalo Wild Wings Inc <BWLD.O> for $2.4 billion, . 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International House of Pancakes, LLC is a wholly-owned subsidiary of Dine Brands Global (NYSE: DIN). Most of Carvels resources had been diverted to its supermarket business, which angered franchisees. AmeriSpec is a leading franchisor and provider of residential and commercial real estate inspection services. 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. When typing in this field, a list of search results will appear and be automatically updated as you type. Anytime Fitness is the largest fitness franchise in the world, with gym facilities open 24 hours a day, 365 days a year. 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. Makers of industrial parts and telecom infrastructure providers play a crucial role in the economy, but you don't see their commercials on TV. Quick Answer: Does Corner Bakery have bagels? - De Kooktips - Homepage Founded in 2006, Streamline Brands is a leading franchisor and Dunkin is famous for its combination of high-quality coffees, espresso beverages, baked goods, and breakfast sandwiches served all day with fast, friendly service. Roark ATLANTA OFFICE 1180 Peachtree Street NE Suite 2500 Atlanta, Georgia 30309 Phone (404) 591-5200 Fax (404) 591-5201 www.roarkcapital.com. Aronson launched the firm in 2001 and named it for Howard Roark, the protagonist architect in Ayn Rands novel, The Fountainhead. Roark managing partner Neal Aronson will retain control of a 4.6% stake. ATLANTA, July 22, 2013 /PRNewswire/ -- Roark Capital Group, an Atlanta -based private equity firm, announced today that an affiliate had acquired 65 unit Miller's Ale House . who owns sonic Official 2023 Roark Capital Group acquires Jim 'N Nick's Bar-B-Q Founded in 1984, Take 5 Oil Change operates 65 quick oil change facilities across nine states throughout the Southeast. Founded in 1988, U.S. Meineke provides all regularly scheduled maintenance services, along with repair and replacement of vehicle components. When the company was sold in 2000, it had three brands and some 500 hotels in all 50 states and five countries. 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 . Baseball Academy. Roark Capital Group acquired Corner Bakery in 2011 from Il Fornaio Corporation. Schlotzsky's is a chain of quick casual restaurants offering made-to-order sandwiches, soups, salads and pizza. International Car Wash Group is the world's largest local car wash company, with operations in the U.S., Europe and Australia. In 2006, Brinker sold the company ( but still owns Maggiano's ), and Corner Bakery Cafe began franchising a year later. Roark Capital Group - Crunchbase Investor Profile & Investments RB American is the largest Arby's franchisee, operating 370 restaurants across 9 states. Flower Child is a growing, fast casual restaurant offering a customizable menu, made fresh from scratch, featuring locally-sourced, all-natural and organic ingredients. 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. Aronson will surrender 47,517 of the common shares to Cheesecake in exchange for $10.4 million in cash. 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. refer to our 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 . The deal shocked an industry already stunned by the unprecedented market changes they were seeing as coronavirus shut down much of the nation. Stronger U is a digital, personalized nutrition-based health coaching services brand. 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. The Untold Truth Of Miller's Ale House - Mashed.com Founded in 2006, Streamline Brands is a leading franchisor and [14] In September 2018, Inspire had the 27-location R Taco reverted to the Rusty Taco name. Thats key. Roark Capital Group Acquires International Car Wash Group - PR Newswire [9] On August 28, 2018, Georgia Governor Nathan Deal announced that Inspire was moving its headquarters to Sandy Springs, Georgia in 2019. New York, NY 10022 For over 30 years, Culvers guests have been treated to cooked-to-order food made with farm-fresh ingredients, served with a smile. Few of Arbys issues were present at CKE, which was acquired from private equity firm Apollo Global Management. 11.16.21 ROARK INVESTMENT Roark Capital Acquires Mathnasium READ MORE . 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. Their total assets, however, are around $250 million. 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 . 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. Although CKE has debtthe company refinanced $1 billion last yearAronson says its very manageable. Our team will review your remarks prior to publishing. SONIC is the largest drive-in chain in the United States, well-known for its unique drive-in format, carhop service model, and broad menu of food and beverages with over 1.3 million drink combinations. [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. Cheesecake opted to trade 200,000 shares of preferred stock to Roark for $200 million. Fitness Connection is a leading player in the "High Value, Low Price (HVLP)" segment of the fitness industry. The franchisees hated the company, says Romaniello, now a Roark managing partner. Take 5 is a leading provider of oil change services through a convenient drive-thru format with fast, friendly customer experience. Judd Kyle Shader - Founder & Executive Chairman - LinkedIn The Company provides a comprehensive suite of services primarily to retail, fleet, and industrial consumers. 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. If capital and expertise are needed to help the brands grow, well provide that.. Auntie Anne's menu includes hand-rolled soft pretzels baked in-store, Pretzel Nuggets, beverages (including signature lemonade) and Pretzel Dogs. The transaction will apparently not cost Paul Ginsberg, Roark Capitals president, his seat on Cheesecakes board. Weve been so busy we just havent had the time to put these up yet, says Neal Aronson, Roarks founder and managing partner, smiling down at the frames. Win whats next. Buffalo Wild Wings' Owner Has Diverse Empire - Business Insider 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. 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: . Roark Capital Group Acquires Miller's Ale House - PR Newswire The company is in growth mode, targeting eight to 10 new openings a year. In 1996 Take 5 designed the first "5 Minute Drive-Thru Oil Change" location. 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. Fax (212) 518-2028 READ MORE, Site Map | Search | Terms of Use | Privacy Policy | Accessibility, Roark 403 Veterans Blvd. He now owns the Gulfstream G-IV with registration . In 2016 Liautaud sold a majority share in the company to Roark Capital. Phone (212) 806-6000 Howard Roarks characteristics led to Roark Capitals 12 core values, including commitment, integrity, collaboration, and accountability. 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 . Global network of franchises providing residential and commercial restoration services, including water damage, smoke and fire damage, mold remediation, and disaster recovery. Roark Capital Group Inc - Company Profile and News The boardroom at Roark Capital Group's 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.There's just one distinction: Two dozen black-framed notices of the private equity firm's acquisitions dot the walls along the narrow sides of the room. So far, it seems the risk is paying off. [21][22] The acquisition was completed on December 15, 2020. We like growth, and were looking to invest in growth.. 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. Cheesecake operates its namesake brand and a high-volume Italian casual concept called North Italia. 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. 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 . Some investors, including university endowments and investment managers, have invested in all three, a sign of Roarks performance. 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. 1180 Peachtree Street NE Roark Capital Group Investor Profile: Portfolio & Exits | PitchBook 1-800 Radiator is the largest franchised automotive parts distributor in North America. Jimmy John's is one of the largest sandwich chains in the US. 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. Registered in England and Wales. When I talked to Jack, he yelled at me and shamed me into starting Roark, Aronson says. www.roarkcapital.com, Roark The private-equity firm helped turn around Arby's after buying a majority stake in 2011. As chief financial officer at U.S. Inspire Brands is a privately owned equity company that falls under the management of Roark Capital Group . Founded in 1972, Meineke is an automotive aftermarket industry pioneer and leading provider of repair and maintenance services. 540 Madison Ave 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. Roark Capital Group, that currently owns the Schlotzsky's, Carvel, Cinnabon, Moe's Southwest Grill, McAlister's Deli, Auntie Anne's and Jamba brands. Here's why Arby's acquisition of Buffalo Wild Wings is good news for We have been slowly and methodically learning as much as we can about restaurants, Romaniello says. Youth Enrichment Brands encompasses US Sports Camps, i9 Sports, Streamline Brands, and U.S. Contact Ron Ruggless at [emailprotected], /sites/all/themes/penton_subtheme_nrn/images/logos/footer.png. 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. Global network of franchises providing janitorial services, carpet cleaning, hard surface floor care, tile and grout cleaning, and upholstery cleaning. . Baseball Academy (Youth Enrichment Brands), U.S. Sports Camps (Youth Enrichment Brands), Roark portfolio company, Youth Enrichment Brands, acquires i9 Sports. Bill Derwin, CEO of ICWG, said, "Roark brings a deep understanding of the consumer and an operational expertise that complements our business. "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. 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. 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 . ATLANTA OFFICE 1-800 Radiator is the largest franchised automotive parts distributor in North America. "With this partnership, we have access to world-class technology, purchasing power, operational support and resources that will enable us to accelerate our growth and success.". 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. Mathnasium is a leading franchisor of math learning centers with over 1,000 locations across 46 states and 12 countries. 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. 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. Morningstar Institutional Equity Research. International Car Wash Group is the world's largest local car wash company, with operations in the U.S., Europe and Australia. Email this Business. ICWG operates under the IMO banner in Europe and Asia-Pacific. 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 . 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 Acquires Nothing Bundt Cakes | Business Wire The five times weekly e-newsletter that keeps you up-to-date on the latest industry news and additions to this website. Neal K Aronson, Roark Capital Group: Profile and Biography U.S. Roark Capital Group is an American private equity firm with over $33 billion in assets under management.