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Description. As chief financial officer at U.S. 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. 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. 2023 PitchBook. All of those characteristics have helped turn Roark into one of the biggest influencers in the quick-service industry. In the book, the character doesnt bow to conventional wisdom and is seen as an authentic innovator. Roark Capital | LinkedIn What are the characteristics of that concept? Naf Naf Grills website lists 39 locations in eight states, including Illinois, Indiana, Minnesota, New Jersey, Ohio, Pennsylvania, Tennessee and Wisconsin. The purchases were financed primarily through Roarks first private equity fund. Roark focuses on franchised and multi-unit business models in the retail, restaurant, consumer and business services sectors. Roark Capital Group Investor Profile: Portfolio & Exits | PitchBook 540 Madison Ave The Company focuses on management of buy-outs, acquisitions, mergers, recapitalizations, restructuring . [9][10], Inspire Brands was formed when Arby's Restaurant Group merged with Buffalo Wild Wings on February 5, 2018. Furniture Medic is a global leader and franchisor in the furniture repair and restoration industry. 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. The new managers set about turning that around by refurbishing the stores and giving franchisees the OK to sell a product they wanted: Italian ice. Roark Capital Acquires ServiceMaster Brands | ServiceMaster regarding PitchBook Data's products. Roark Capital Group, the owner of restaurant chain Arby's, plans to buy Buffalo Wild Wings for $2.4 billion. 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. Phone (212) 806-6000 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. READ MORE, Invest in Good is Roarks multi-faceted commitment to long-term social impact initiatives. He plans to structure the company similar to Hilton Hotels & Resorts. 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. 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. Miller's appears to be in good hands with its current owners. Roark Capital to buy Buffalo Wild Wings for $2.9 billion - CNBC The Chicago-based company did not disclose terms of the deal or the identity of the investor group. See our history. Buffalo Wild Wings is sold to owner of Arby's, Jimmy John's Dunkin is famous for its combination of high-quality coffees, espresso beverages, baked goods, and breakfast sandwiches served all day with fast, friendly service. 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. Site Map | Search | Terms of Use | Privacy Policy | Accessibility, Roark So far, it seems the risk is paying off. 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. Is Arby's Roast Beef real or processed meat? CHARLES WEST Net Worth $400 Million House Yacht 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. 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. Today, we're one of the world's largest investment management organizations, managing $2.2 trillion.*. For over 30 years, Culvers guests have been treated to cooked-to-order food made with farm-fresh ingredients, served with a smile. 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. Inspire Brands Completes Acquisition of Dunkin' Brands Phone (212) 806-6000 A massive private equity firm, Atlanta-based Roark owns varied franchise brands including Anytime Fitness and Massage Envy, along with Inspire Brands and Focus . 1 Answer ANSWER Neal Aronson. We want to partner with entrepreneurs and executives who share this vision. 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.. CKE is one of the world's largest franchisors and operators of quick-service restaurants under the Carls Jr. and Hardees brand banners. Rating. We look forward to partnering and helping accelerate their growth plans. 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. 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. Its pretty exciting to be part of helping people realize their dreams, Aronson says of franchising. Our Core Values define who we are, what we do and how we do it. It takes time to build a really good company, to make it sustainable, and make the growth something thats long term.. Roark also owns nearly a dozen non-eatery franchise businesses. Take 5 Oil Change has a phenomenal brand, operating model, and team led by Marc. 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. By the end of the first year under Roark leadership, 21 new menu items were added. [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. Arby's owner Roark gobbles up Buffalo Wild Wings for $2.4 billion Anytime Fitness is the largest fitness franchise in the world, with gym facilities open 24 hours a day, 365 days a year. Roark ATLANTA OFFICE 1180 Peachtree Street NE Suite 2500 Atlanta, Georgia 30309 Phone (404) 591-5200 Fax (404) 591-5201 www.roarkcapital.com. 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. The numbers on this page are based on contributions of $200 or more from PACs and individuals to federal candidates and from PAC, individual and soft . [17] The acquisition was completed on December 7, 2018. Aronson began his career in investment banking and private equity in New York, working for several firms, including hedge fund Odyssey Partners. Roark owns a huge stable of franchised restaurant brands through its two main holdings, Focus Brands and Inspire Brands. The purchase of the burger chains parent, CKE Inc., which has nearly 3,450 units around the world, is Roarks biggest deal yet, and it solidified the 13-year-old firms position as one of the worlds largest limited-service dining companies. from 8 AM - 9 PM ET. 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: . No, Sonic is owned by Sega, who debuted the character in "Sonic The Hedgehog" for their Genesis console in 1991. 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. In 2006, Brinker sold the company ( but still owns Maggiano's ), and Corner Bakery Cafe began franchising a year later. 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. He follows what he believes.. 37th Floor Responsibilities. Our portfolio companies span multiple industries including food, restaurants, consumer and business services, health, wellness and fitness, and education and youth activities. Roark Capital Group Inc. Roark Capital Group Inc. operates as a private equity firm. Mathnasium is a leading franchisor of math learning centers with over 1,000 locations across 46 states and 12 countries. Nov 2009 - Dec 202213 years 2 months. He is my all-time favorite character in any book, Aronson says. When typing in this field, a list of search results will appear and be automatically updated as you type. Suite 2500 1180 Peachtree Street NE www.roarkcapital.com. Finally, in 2015, the final answer to the previous question, who owned Wingstop? New York, NY 10022 ServiceMaster Brands is the parent company of ServiceMaster Restore, ServiceMaster Clean, Merry Maids, TWO MEN AND A TRUCK, AmeriSpec, and Furniture Medic. 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. New York, NY 10022 CHARLOTTE, N.C., March 30, 2016 /PRNewswire/ --Driven Brands, a portfolio company of Roark Capital and the nation's leading automotive franchisor, announced today that its affiliate has acquired Louisiana-based Take 5 Oil Change. 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 prides itself on partnering with entrepreneurs and executives who share this vision of growth and success across all stakeholders. Founded in 2001, Roark Capital Group is a private equity firm based in Atlanta, Georgia. Texas-based Corner Bakery Caf files for Chapter 11 bankruptcy 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. Nothing Bundt Cakes is a leading franchisor and operator of gourmet bakeries. 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. We like growth, and were looking to invest in growth.. We look first at the brand and the company, he says. Roark has acquired. Elane served as Group President of Kimberly-Clark International and Global President of Kimberly . 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. The Bar Method is a leading low-impact studio fitness franchise with locations across the US and Canada. www.roarkcapital.com, Roark The acquisitions are a team effort, Hill says, relying on Roarks operational, financial, and other resources. 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. [20], Inspire Brands on October 25, 2020 announced that it was buying Dunkin' Brands for $11.3 billion. Who Owns Wingstop? How It Started - Under30CEO Roark Capital Acquires ServiceMaster Brands | Business Wire If you work your tail off and follow the rules, you can be successful. 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. In 1996 Take 5 designed the first "5 Minute Drive-Thru Oil Change" location. [9] On August 28, 2018, Georgia Governor Nathan Deal announced that Inspire was moving its headquarters to Sandy Springs, Georgia in 2019. 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. Roark Capital Group. Driven Brands is the largest automotive services company in North America. Most compete in the quick-service sector, far downmarket from Cheesecakes turf. 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. 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. [10][19] The deal closed on October 18, 2019. 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. 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. This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. The Cheesecake Factory is an iconic casual dining brand with best-in-class service and high-quality, made-from-scratch food across a diverse menu with over 250 items. Roark Capital Group is an Atlanta-based private equity firm with more than $1.5 billion in equity capital under management. FOCUS Brands is also the franchisor of Seattle's Best Coffee on certain military bases and in certain international markets. Cheesecake opted to trade 200,000 shares of preferred stock to Roark for $200 million. 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. After the hotel business was sold, one of Aronson's mentors, Odyssey Partners cofounder Jack Nash, encouraged him to try his hand at private equity. Wendy's owns about 18.5 percent of Arby's, with their stake valued at around $325.9 . You can unsubscribe at any time by clicking on the unsubscribe link at the bottom of our emails. Was decided. ServiceMaster will rename itself Terminix, sell Brands segment [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. Roark's current brands include Anytime Fitness, Arby's, Atkins Nutritionals, Batteries Plus Bulbs, Carl Jr.'s, Corner Bakery, Driven Brands, FOCUS Brands (the owner of Auntie Anne's Pretzels, Carvel Ice Cream, Cinnabon, McAlister's Deli, Moe's Southwest Grill, and Schlotzsky's), Hardee's, Il Fornaio, Massage Envy, Miller's Ale House, Money Mailer, Naf Naf Grill, Orangetheory Fitness, Pet Supermarket, Pet Valu, Primrose Schools, Quala, Waxing the City, and Wingstop. Founded in 1975 and headquartered in San Rafael, CA, US Sports camps is the licensed operator of Nike Sports Camps. Roark Capital Group is an Atlanta-based private equity firm with over $6 billion in equity capital. Greenwood Village, CO. Leeds West Groups (LWG) was founded in 2009 by current CEO and Board Member Judd Shader and is . 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. 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. Atlanta, Georgia 30309 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. For 91 years, we've been helping people take control of their financial futures. 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. Roark Capital Group acquires Jim 'N Nick's Bar-B-Q Founder & Chief Executive Officer. Private equity often involves deals of dizzying size to buy companies your average consumer has never heard of. Related: Naf Naf Grill founder dies at 47, Greg Willman, left, who was named Naf Naf Grill CEO in May 2020, said in a statement: I am excited about the future of Naf Naf Grill and want to thank Roark for its support and positive contributions to the company.. ATLANTA OFFICE For more information visit www.take5oilchange.com. Theres also Green Burrito and Red Burrito, which cobrand with some Carls Jr. and Hardees, while Roark also franchises Seattles Best Coffee internationally. Private-equity firm had taken minority stake in fast-casual Middle Eastern concept in 2015, 2023 Informa USA, Inc., All rights reserved, NRN editors talk about the NRAs recent report, what happens when children are banned from restaurants, and celebrity marketing, Duffys Sports Grill Mastered Gift Cards in a Flash, Examining new ways to collect restaurant guest data, It's time to Roll Up to Win at Tim Hortons with exciting new prizes, Subway opens new dual headquarters building in Miami, Menu Tracker: New items from Burger King, KFC, and Chipotle, San Diegos Trust Restaurant Group drives retention, innovation with culture of yes, Nations Restaurant News launches new CREATE Roadshow event series, Allowed HTML tags:

. Roark Capital Group Meineke provides all regularly scheduled maintenance services, along with repair and replacement of vehicle components. . 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 . 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. Who Owns Massage Envy? Details on Spa Franchisor Amid Allegations Judd Kyle Shader - Founder & Executive Chairman - LinkedIn 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. 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. Jimmy still owns 35%. Suite 2500 Global network of franchises providing janitorial services, carpet cleaning, hard surface floor care, tile and grout cleaning, and upholstery cleaning. Fax (404) 591-5201 Affiliates of Roark Capital Group have sold the Dallas-based Corner Bakery Cafe brand to Pandya Restaurant Growth Brands LLC, the companies said Thursday. 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. 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. 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. ", "This is a tremendous opportunity for Take 5 Oil Change to grow our business to the next level," said Graham. Some firms seek investments that fit into specific size parameters. 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 Capital Group specializes in franchises in the food service, retail and consumer services industries. What company owns Jimmy Johns? The remaining 50,000 preferred Cheesecake shares will be converted to 2,448,381 common shares of the casual-dining company. 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. Baseball Academy (Youth Enrichment Brands), U.S. Sports Camps (Youth Enrichment Brands), Roark portfolio company, Youth Enrichment Brands, acquires i9 Sports. For more information, visit www.DrivenBrands.com. Who Owns Roark Clothing - BikeHike Although CKE has debtthe company refinanced $1 billion last yearAronson says its very manageable. The firms first acquisition was Carvel in 2001 for $26 million. 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. The firm has $3 billion in capital under management, raised through three successively larger private-equity funds. "We are actively expanding our footprint through the strategic acquisition of top-performing, complementary auto aftermarket services companies," said Jonathan Fitzpatrick, CEO of Driven Brands. refer to our Stronger U is a digital, personalized nutrition-based health coaching services brand. The brand offers 8- and 10-inch bundt cakes, Bundtlets and Bundtinis in multiple flavors that are hand-crafted and baked on-site. Roark Capital Group Affiliates. Who is corner bakery owned by? "Arby's Restaurant Group" redirects here. See Neal K Aronson's compensation, career history, education, & memberships. 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. Roark Capital Group serves customers in the United States. In 1995, he helped launch U.S. As a private equity company, we will need to, and will divest companies, Aronson says. The deal specifies that Ginsberg and Aronson are locked up for 60 days from trying to amass a controlling interest in Cheesecake. [11] Brown expected that Inspire would acquire additional chains in different segments. ABRA is a leading network of franchised automotive collision repair shops. Fitness Connection is a leading player in the "High Value, Low Price (HVLP)" segment of the fitness industry. "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.". When the company was sold in 2000, it had three brands and some 500 hotels in all 50 states and five countries. Their total assets, however, are around $250 million. The company is in growth mode, targeting eight to 10 new openings a year. 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. 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. Roark Capital Group acquired Corner Bakery in 2011 from Il Fornaio Corporation. Nation's Restaurant News is part of the Informa Connect Division of Informa PLC. who owns sonic Official 2023 Roark differs in many ways from other private equity companies. 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. Jul 22, 2013, 08:00 ET. 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. 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. Fax (404) 591-5201 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 . Roark ATLANTA OFFICE 1180 Peachtree Street NE Suite 2500 Atlanta, Georgia 30309 Phone (404) 591-5200 Fax (404) 591-5201 www.roarkcapital.com. 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. Who owns roark capital group? 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. As the Atlanta-based private equity firm that owns Massage Envy, Roark Capital Group published a plan in 2017 to address the . About Roark Capital Group. serving 10,000+ campers per year. ABRA is a leading network of franchised automotive collision repair shops. Who owns the most Arby's franchises? The firings came Roark Capital Group - CB Insights

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