NEW YORK OFFICE who owns ihop Official 2023 McAlister's is a franchise chain of quick casual restaurants offering a variety of sandwiches, salads, soups, wraps and desserts. Did inspire brands buy jimmy johns? 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. I agree to receive PitchBook Data's electronic newsletters, updates, promotions and related messages Fax (212) 518-2028 Disney to cut 7,000 jobs after return of CEO Iger - Worldnews.com 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. There hadnt been a new flavor in five years or a new product in eight. Orangetheory Fitness is one of the largest and fastest growing franchisors in the studio-based fitness market. 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. Romaniello became the operating partner, and Hill was added as vice president of franchising and foodservice. Sign up to receive texts from Restaurant Business on news and insights that matter to your brand. 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. 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. Roark Portfolio Employees Assistance Fund. Buffalo Wild Wings Takes Flight On Buyout Offer Neal K Aronson is Managing Partner/Founder at Roark Capital Group. 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. Roark Vacation Resort | Better Business Bureau Profile Luther is Arbys chairman. Roark Capital Group specializes in franchises in the food service, retail and consumer services industries. International Car Wash Group is the world's largest local car wash company, with operations in the U.S., Europe and Australia. [11][12] Arby's CEO Paul Brown was selected to continue as Inspire Brands CEO. 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. 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. In the early days, there were real synergies and reasons to put companies together in Focus, says Hill, who became Cinnabons president. Roark Capital Group General Information. Roark Capital Group Acquires International Car Wash Group - PR Newswire Baseball Academy (Youth Enrichment Brands), U.S. Sports Camps (Youth Enrichment Brands), Roark portfolio company, Youth Enrichment Brands, acquires i9 Sports. 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. The Denver company . Responsibilities. What are zingers at miller's ale house? Explained by Sharing Culture Lines and paragraphs break automatically. Roark Capital is an Atlanta-based private equity firm. 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. ATLANTA, Oct. 4, 2017 /PRNewswire/ --Roark Capital Group, an Atlanta-based private equity firm focused on multi-unit consumer businesses, announced today that its affiliate has closed on the previously announced acquisition of UK-based International Car Wash Group from TDR Capital LLP. Furniture Medic is a global leader and franchisor in the furniture repair and restoration industry. The Untold Truth Of Miller's Ale House - Mashed.com Cinnabon is an American chain of bakeries known for their "World Famous Cinnamon Rolls.". 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. Arby's owner Roark Capital Group said on Tuesday it would buy Buffalo Wild Wings Inc <BWLD.O> for $2.4 billion, . Rick Ross Wingstop - Everything Should Know Reverb Press International Car Wash Group is the world's largest local car wash company, with operations in the U.S., Europe and Australia. 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. Win whats next. 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 . Auntie Anne's menu includes hand-rolled soft pretzels baked in-store, Pretzel Nuggets, beverages (including signature lemonade) and Pretzel Dogs. ", 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.". Join the more than 1.5 million industry professionals who get our daily newsletter! He is my all-time favorite character in any book, Aronson says. When I talked to Jack, he yelled at me and shamed me into starting Roark, Aronson says. He plans to structure the company similar to Hilton Hotels & Resorts. Our Core Values have always guided the ways we support our people, businesses, and community, and guide us in how we Invest in Good. Our largest sector, food and restaurants, encompasses investments in brands such as: Inspire Brands (the owner of Arbys, Baskin Robbins, Buffalo Wild Wings, Dunkin, Jimmy Johns, and Sonic), Nothing Bundt Cakes, CKE Restaurants (the owner of Carls Jr and Hardees), FOCUS Brands (the owner of Auntie Annes Pretzels, Carvel Ice Cream, Cinnabon, Jamba, McAlisters Deli, Moes Southwest Grill, and Schlotzskys), Millers Ale House, Culvers, The Cheesecake Factory (the owner of North Italia and Flower Child), Jim N Nicks BBQ, and previously Corner Bakery, Il Fornaio, Naf Naf Middle Eastern Grill and Wingstop. 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. Stronger U is a digital, personalized nutrition-based health coaching services brand. None were restaurants. Fax (212) 518-2028 Theyre very entrepreneurial., Besides, he says, theyre just plain good guys.. The mid-sized private equity firm has become a major player in the restaurant industry, says Darren Tristano, vice president of Technomic Inc., a restaurant market research firm. Roark Capital Group finalized its deal to acquire Buffalo Wild Wings for $2.9 billion on February 5. Meineke provides all regularly scheduled maintenance services, along with repair and replacement of vehicle components. serving 10,000+ campers per year. Our consumer products and services investments have included Driven Brands (the owner of ABRA, ATI, CARSTAR, International Car Wash Group, Maaco, Meineke, Take 5, Uniban, 1800 Radiator, Auto Glass Now, and others), ServiceMaster Brands (the owner of ServiceMaster Restore, ServiceMaster Clean, Merry Maids, Furniture Medic, AmeriSpec, and Two Men and a Truck), Pet Supermarket, Pet Valu, Orangetheory Fitness, Massage Envy, Mathnasium, Primrose Schools, Self Esteem Brands (the owner of Anytime Fitness, Basecamp Fitness, The Bar Method, Waxing the City, and Stronger U), Fitness Connection, Youth Enrichment Brands (the owner of US Sports Camps, US Baseball Academy, i9 Sports, Streamline Brands and KE Camps), Great Expressions Dental Centers, and previously Atkins Nutritionals, Batteries Plus Bulbs, Drybar, FASTSIGNS, and US Franchise Systems. Roark also owns nearly a dozen non-eatery franchise businesses. READ MORE, Invest in Good is Roarks multi-faceted commitment to long-term social impact initiatives. For 91 years, we've been helping people take control of their financial futures. Wingstop has a total market capitalization of a gigantic $4.73 billion! Known as 'America's Bodyshop', Maaco is a leading provider of auto painting and light collision repair services. Schlotzsky's is a chain of quick casual restaurants offering made-to-order sandwiches, soups, salads and pizza. 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. Basecamp Fitness is a growing network of fitness studios featuring high-intensity and high-energy workout sessions. See Neal K Aronson's compensation, career history, education, & memberships. Wingstop decided to go entirely public with an IPO (Initial Public Offering) of $19 for a share. US Sports Camps offering spans 19 different physical sports, Esports, and academic programs for campers ranging from 6 to 18 years old. An arm of Atlanta-based Roark Capital Group plans to buy ServiceMaster Brands for $1.55 billion within 30 to 60 days. Roark Capital Acquires ServiceMaster Brands | Business Wire Terms of . ServiceMaster Brands is the parent company of ServiceMaster Restore, ServiceMaster Clean, Merry Maids, TWO MEN AND A TRUCK, AmeriSpec, and Furniture Medic. Founded in 1988, U.S. The securities filing states that Aronson will have the discretion to manage the shares as he sees fit. 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. Roark Capital Group, the owner of restaurant chain Arby's, plans to buy Buffalo Wild Wings for $2.4 billion. Uniban is a leading network of glass repair and replacement service centers across North America. Naf Naf Grill, investor group buy out Roark ownership Cheesecake will then repurchase the stock for $446.9 million. Buffalo Wild Wings' Owner Has Diverse Empire - Business Insider Roark Capital-owned Driven Brands targets over $3 bln - Nasdaq 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. ", "This is a tremendous opportunity for Take 5 Oil Change to grow our business to the next level," said Graham. Arbys same-store sales rose 2.8 percent last year and have grown every quarter since Roark acquired the chain. 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 - CB Insights The fast . US Sports Camps offering spans 19 different physical sports, Esports, and academic programs for campers ranging from 6 to 18 years old. Founded in 2006, Streamline Brands is a leading franchisor and Roark Capital to buy Buffalo Wild Wings for $2.9 billion - CNBC The Company focuses on management of buy-outs, acquisitions, mergers, recapitalizations, restructuring . 37th Floor Some investors, including university endowments and investment managers, have invested in all three, a sign of Roarks performance. 1-800 Radiator is the largest franchised automotive parts distributor in North America. Anytime Fitness is the largest fitness franchise in the world, with gym facilities open 24 hours a day, 365 days a year. He now owns the Gulfstream G-IV with registration . It met Roarks expertise then: a franchised business in the hospitality arena. For over 30 years, Culvers guests have been treated to cooked-to-order food made with farm-fresh ingredients, served with a smile. 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. Waxing the City is a growing network of waxing studios with an emphasis on superior waxes, highly-trained staff, and compassionate customer service. Merry Maids is a leading franchisor and provider of home cleaning services. The firms first acquisition was Carvel in 2001 for $26 million. Jimmy John's Franchise, LLC is an American franchised sandwich fast food restaurant chain owned by Inspire Brands. 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. 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. The New Jersey State Investment Council, which manages investments in seven public pension funds, committed up to $100 million to the private equity firms latest fund in 2012 after the agencys staff cited Roarks impressive track record and strong returns. Basecamp Fitness is a growing network of fitness studios featuring high-intensity and high-energy workout sessions. Jul 22, 2013, 08:00 ET. 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. Romaniello and Hill moved to Roark in 2008 to help with acquisitions and operations. Others acquire companies, do some financial engineering, and then flip them after a few years. Aronson began his career in investment banking and private equity in New York, working for several firms, including hedge fund Odyssey Partners. Roark Capital Group is an Atlanta-based private equity firm with over $6 billion in equity capital. Was decided. Roark Capital Group Affiliates. 11.16.21 ROARK INVESTMENT Roark Capital Acquires Mathnasium READ MORE . Our goal is to be the preferred capital source for private equity solutions by earning the respect of everyone we interact with. 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 . CHARLOTTE, N.C., March 30, 2016 /PRNewswire/ -- Driven Brands, a portfolio company of Roark Capital and the nation's leading automotive franchisor . The Bar Method is a leading low-impact studio fitness franchise with locations across the US and Canada. It takes time to build a really good company, to make it sustainable, and make the growth something thats long term.. Is Arby's Roast Beef real or processed meat? Maintaining Automated Tests in TAF for V1 platform for API testing . [8] Inspire Brands is majority-owned by affiliates of Roark Capital Group. Roark :: About Our Name - Roark Capital Group Who owns roark capital group? Roark Capital Acquires ServiceMaster Brands | ServiceMaster As chief financial officer at U.S. When typing in this field, a list of search results will appear and be automatically updated as you type. Mathnasium is a leading franchisor of math learning centers with over 1,000 locations across 46 states and 12 countries. Roark Capital Group Investor Profile: Portfolio & Exits | PitchBook FOCUS Brands is also the franchisor of Seattle's Best Coffee on certain military bases and in certain international markets. Billionaire Founder Of Jimmy John's Sells His Remaining - Forbes 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. We want CKE to reach their potential, just like all of Roarks other brands, he says. For over 30 years, Culvers guests have been treated to cooked-to-order food made with farm-fresh ingredients, served with a smile. Founded in 1999, KE Camps is the leading operator of day camps for country clubs, As the Atlanta-based private equity firm that owns Massage Envy, Roark Capital Group published a plan in 2017 to address the . Roark Capital Group, that currently owns the Schlotzsky's, Carvel, Cinnabon, Moe's Southwest Grill, McAlister's Deli, Auntie Anne's and Jamba brands. Nation's Restaurant News is part of the Informa Connect Division of Informa PLC. Who is the CEO of Sonic? No, Sonic is owned by Sega, who debuted the character in "Sonic The Hedgehog" for their Genesis console in 1991. Roark focuses on middle-market investment opportunities through family-owned business transfers, anagement/corporate buyouts, recapitalizations, going-private transactions, and corporate divestitures. Roark ATLANTA OFFICE 1180 Peachtree Street NE Suite 2500 Atlanta, Georgia 30309 Phone (404) 591-5200 Fax (404) 591-5201 www.roarkcapital.com. ICWG operates under the IMO banner in Europe and Asia-Pacific. 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. The deal specifies that Ginsberg and Aronson are locked up for 60 days from trying to amass a controlling interest in Cheesecake. Latest Addition to Driven Brands Strengthens Leadership Position in Automotive Aftermarket Services Industry. Jimmy John's and Rusty Taco parent company has completed its acquisition of Dunkin' Brands Group for $11.3 billion (or . 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. The brand offers 8- and 10-inch bundt cakes, Bundtlets and Bundtinis in multiple flavors that are hand-crafted and baked on-site. 540 Madison Ave 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. Roark Capital Group Inc. operates as a private equity firm. NEW YORK OFFICE See our history. Roark Capital Group acquires Jim 'N Nick's Bar-B-Q Phone (404) 591-5200 Naf Naf Grills website lists 39 locations in eight states, including Illinois, Indiana, Minnesota, New Jersey, Ohio, Pennsylvania, Tennessee and Wisconsin. Phone (404) 591-5200 The firm also provides the capital for operators to reach their goals. Aronson launched the firm in 2001 and named it for Howard Roark, the protagonist architect in Ayn Rands novel, The Fountainhead. Focus added Schlotzskys in 2006, Moes Southwest Grill in 2007, and Auntie Annes in 2010. Inspire Brands is majority-owned by affiliates of Roark Capital Group. All of those characteristics have helped turn Roark into one of the biggest influencers in the quick-service industry. In the announcement, ServiceMaster says: "The transaction will position the . The purchases were financed primarily through Roarks first private equity fund. The remaining 50,000 preferred Cheesecake shares will be converted to 2,448,381 common shares of the casual-dining company. 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. Later acquisitions were made with capital from the second and third investment funds. Contact Ron Ruggless at [emailprotected], /sites/all/themes/penton_subtheme_nrn/images/logos/footer.png. Founded in 2001, Roark Capital Group is a private equity firm based in Atlanta, Georgia. [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. Inspire Brands Completes Acquisition of Dunkin' Brands 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. 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. Get todays need-to-know restaurant industry intelligence. 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.. Inspire operates Support Centers in Atlanta, Oklahoma City, Champaign, Minneapolis, and Canton, Massachusetts. Media ContactBrandi Neloms, Sr. Communications Manager[emailprotected] 704-644-8151, Cision Distribution 888-776-0942 The company is in growth mode, targeting eight to 10 new openings a year. Atlanta investment firm scoops up Culver's stock - Madison Jamba is a category-leading smoothie and juice chain that offers a variety of high quality smoothies, juices, bowls and other products. Founded in 1988, U.S. If capital and expertise are needed to help the brands grow, well provide that.. [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. Driven Brands is the largest automotive services company in North America. Known as 'America's Bodyshop', Maaco is a leading provider of auto painting and light collision repair services. Driven manages a family of automotive brands including ABRA, CARSTAR, Maaco, Meineke, Take 5, Uniban, 1-800 Radiator, and others. who owns sonic Official 2023 If the series of financial moves are completed as expected on June 15, Roark's interest in Cheesecake will be reduced to 2.4 million shares of common stock, or 4.6% of total shares outstanding. 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. 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.
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