Uniban is a leading network of glass repair and replacement service centers across North America. Branson, MO 65616-2060. 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. RB American is the largest Arby's franchisee, operating 370 restaurants across 9 states. Who owns Miller's Ale House? 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: . 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. Founded in 1999, KE Camps is the leading operator of day camps for country clubs, Global network of franchises providing janitorial services, carpet cleaning, hard surface floor care, tile and grout cleaning, and upholstery cleaning. Aronson began his career in investment banking and private equity in New York, working for several firms, including hedge fund Odyssey Partners. Arbys same-store sales rose 2.8 percent last year and have grown every quarter since Roark acquired the chain. Roark Capital Group specializes in franchises in the food service, retail and consumer services industries. Atlanta, Georgia 30309 See our history. 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. Baseball Academy. 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. Atlanta, Georgia 30309 Aronson will surrender 47,517 of the common shares to Cheesecake in exchange for $10.4 million in cash. Roark Capital Group is buying the 37-unit Jim 'N Nick's Bar-B-Q, the company said on Monday, in a deal that gives the Atlanta-based, private-equity group its 20th restaurant brand. 540 Madison Ave Founded in 1983, Jimmy John's offers high-quality sandwiches with rapid preparation. Sign up to receive texts from Restaurant Business on news and insights that matter to your brand. Installation Made Easy coordinates the lead generation, sale, and installation of do-it-for-me home improvement projects on a nationwide basis on behalf of several of America's most respected home improvement and general merchandise "Big Box" retailers. The company is in growth mode, targeting eight to 10 new openings a year. Meineke provides all regularly scheduled maintenance services, along with repair and replacement of vehicle components. 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. Mathnasium is a leading franchisor of math learning centers with over 1,000 locations across 46 states and 12 countries. "Take 5 Oil Change is an ideal addition to our portfolio of brands. 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. ", Ezra Field, Senior Managing Director and Chief Investment Officer at Roark, said, "ICWG's quick conveyor car wash model provides high-quality washes at an affordable price point that is attractive to today's consumers who demand convenience and value. Roark Capital Group, the owner of restaurant chain Arby's, plans to buy Buffalo Wild Wings for $2.4 billion. Theres also Green Burrito and Red Burrito, which cobrand with some Carls Jr. and Hardees, while Roark also franchises Seattles Best Coffee internationally. 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. 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. Nov 2009 - Dec 202213 years 2 months. Was decided. 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. Youth Enrichment Brands encompasses US Sports Camps, i9 Sports, Streamline Brands, and U.S. Do not sell my personal infoPrivacy PolicyContact UsRSS, Cheesecake Factory buys most of Roark's stake for $457M. [8] Inspire Brands is majority-owned by affiliates of Roark Capital Group. CHARLOTTE, N.C., March 30, 2016 /PRNewswire/ -- Driven Brands, a portfolio company of Roark Capital and the nation's leading automotive franchisor . Baseball Academy. Similar Questions. 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. Roark Capital Group Contact: Debra Vilchis Fishman Public Relations 847-945-1300 [emailprotected], Cision Distribution 888-776-0942 Aronson says the firm talks about the core values and lives them out every day, and that theyre on laminated cards given to each of Roarks 45 employees. International House of Pancakes, LLC is a wholly-owned subsidiary of Dine Brands Global (NYSE: DIN). No, Sonic is owned by Sega, who debuted the character in "Sonic The Hedgehog" for their Genesis console in 1991. Cheesecake operates its namesake brand and a high-volume Italian casual concept called North Italia. . Get todays need-to-know restaurant industry intelligence. 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. Through its ownership of Fox Restaurant Group, a concept incubator, it also holds the rights to develop Flower Child, Culinary Dropout, Fly Bye and a host of other small brands. 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 . Romaniello and Hill moved to Roark in 2008 to help with acquisitions and operations. Jamba is a category-leading smoothie and juice chain that offers a variety of high quality smoothies, juices, bowls and other products. The following year, Focus Brands was formed to hold Roarks foodservice acquisitions. Wendy's owns about 18.5 percent of Arby's, with their stake valued at around $325.9 . 2023 PitchBook. Nothing Bundt Cakes is a leading franchisor and operator of gourmet bakeries. from 8 AM - 9 PM ET. Visit Website. Roark Capital Group Affiliates. At Roark, that patience is being tested with Arbys. The moves largely undo Roarks $200 million equity investment in Cheesecake back in April 2020, when the pandemic was just beginning. Roark Capital Group owns other dining-out favorites, including Arby's, Auntie Anne's, Cinnabon, Carvel Ice Cream, Moe's Southwest Grill, and Wingstop. 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. Cheesecake will then repurchase the stock for $446.9 million. For more information, visit www.DrivenBrands.com. Romaniello and Hill say Arbys had started to turn around when Roark made the acquisition, but Aronson is more blunt in his assessment of the company, which was part of the Wendys/Arbys Group, led by investor Nelson Peltzs Triarc Co. Arbys was a messin menu, speed of service, cleanliness, physical box, focus, relationships, strategy, marketing, he says, ticking off the woes. 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. New York, NY 10022 When Darden sold Red Lobster in 2014, it was to Golden Gate Capital, who also owned Romano's Macaroni Grill from 2008 to 2013. [11][12] Arby's CEO Paul Brown was selected to continue as Inspire Brands CEO. Take 5 Oil Change has a phenomenal brand, operating model, and team led by Marc. Inspire Brands is the franchisor and operator of the Arbys, Buffalo Wild Wings, Jimmy Johns, SONIC, Dunkin, and Baskin Robbins brands. Become a Restaurant Business member today and unlock exclusive benefits, including unlimited access to all of our content. Content warning: This article covers allegations of sexual assault. Cinnabon is an American chain of bakeries known for their "World Famous Cinnamon Rolls.". Affiliates of Roark Capital Group have sold the Dallas-based Corner Bakery Cafe brand to Pandya Restaurant Growth Brands LLC, the companies said Thursday. The firm seeks to invest in consumer and business service companies in the restaurant, specialty retail, consumer and business services, and health, wellness, and beauty sectors. Youll see us sell some companies over time, and youll see us take some companies public. Moe's Southwest Grill is the neighborhood burrito place offering flavorful Southwestern fare with a healthy twist. Anytime Fitness is the largest fitness franchise in the world, with gym facilities open 24 hours a day, 365 days a year. You don't drive past their logos every time you leave the house. With this acquisition, Driven Brands continues to expand its Quick Lube division, which also includes Pro Oil Change and Driven Florida Lubes. 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 . 37th Floor Members help make our journalism possible. Roark Capital Group is an Atlanta-based private equity firm with over $6 billion in equity capital. (417) 334-3196. Were just not big believers in shortcuts, Aronson says. Basecamp Fitness is a growing network of fitness studios featuring high-intensity and high-energy workout sessions. 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. Fax (212) 518-2028 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. 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. Founded in 1975 and headquartered in San Rafael, CA, US Sports camps is the licensed operator of Nike Sports Camps. 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.. The firms first acquisition was Carvel in 2001 for $26 million. 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. 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. ATLANTA OFFICE 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. Wingstop decided to go entirely public with an IPO (Initial Public Offering) of $19 for a share. READ MORE, Invest in Good is Roarks multi-faceted commitment to long-term social impact initiatives. The company, which was sold by Roark Capital Group to Pandya Restaurant Growth Brands in October 2020, has two locations in San Antonio, Texas. The firings came October 01, 2020 09:01 AM Eastern Daylight Time . Im not sure Id call ourselves experts at this point, but we certainly have a lot of years of study, learning about the industry and through our experiences.. Their total assets, however, are around $250 million. He is my all-time favorite character in any book, Aronson says. Waxing the City is a growing network of waxing studios with an emphasis on superior waxes, highly-trained staff, and compassionate customer service. Roark Capital Group, that currently owns the Schlotzsky's, Carvel, Cinnabon, Moe's Southwest Grill, McAlister's Deli, Auntie Anne's and Jamba brands. Site Map | Search | Terms of Use | Privacy Policy | Accessibility, Roark www.roarkcapital.com, Roark operator of swim schools for children of all ages, serving over 150,000 swimmers per year. Number 8860726. Take 5 CEO Marc Graham, who headed Take 5 Oil Change as CEO since 2013 and has more than 40 years of experience in the automotive aftermarket, will lead the Driven Brands Quick Lube division. Roark focuses on middle-market investment opportunities through family-owned business transfers, anagement/corporate buyouts, recapitalizations, going-private transactions, and corporate divestitures. 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. I agree to receive PitchBook Data's electronic newsletters, updates, promotions and related messages Roark has a history of creating jobs, providing opportunities, and helping people and companies realize their potential. Theyre very entrepreneurial., Besides, he says, theyre just plain good guys.. CARSTAR is the largest franchise network of automotive collision repair shops in North America. 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. Furniture Medic is a global leader and franchisor in the furniture repair and restoration industry. The acquisitions are a team effort, Hill says, relying on Roarks operational, financial, and other resources. If you work your tail off and follow the rules, you can be successful. Later on, it was sold to the Roark Capital Group back in 2010. Arbys is the largest drive-thru sandwich chain in the United States. [10][19] The deal closed on October 18, 2019. Pet Supermarket is the largest specialty retailer of pet food and pet-related supplies based in the southeastern US. Roark ATLANTA OFFICE 1180 Peachtree Street NE Suite 2500 Atlanta, Georgia 30309 Phone (404) 591-5200 Fax (404) 591-5201 www.roarkcapital.com. CKE is one of the world's largest franchisors and operators of quick-service restaurants under the Carls Jr. and Hardees brand banners. 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. 11.16.21 ROARK INVESTMENT Roark Capital Acquires Mathnasium READ MORE . He now owns the Gulfstream G-IV with registration . 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. Romaniello became the operating partner, and Hill was added as vice president of franchising and foodservice. A massive private equity firm, Atlanta-based Roark owns varied franchise brands including Anytime Fitness and Massage Envy, along with Inspire Brands and Focus . FOCUS Brands is also the franchisor of Seattle's Best Coffee on certain military bases and in certain international markets. Join the more than 1.5 million industry professionals who get our daily newsletter! As of 2021, Wingstop makes a net income of about $42 million a year. They keep their companies autonomous, but they understand how to control costs and focus on getting the profit margins up.. Today, we're one of the world's largest investment management organizations, managing $2.2 trillion.*. 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 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 . Founded in 1999, KE Camps is the leading operator of day camps for country clubs, [14] In September 2018, Inspire had the 27-location R Taco reverted to the Rusty Taco name. Phone (404) 591-5200 How are the unit-level economics? 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. Our Core Values define who we are, what we do and how we do it. Roark NEW YORK OFFICE 540 Madison Ave 37th Floor New York, NY 10022 Phone (212) 806-6000 Fax (212) 518-2028 www.roarkcapital.com In 1995, he helped launch U.S. Youth Enrichment Brands encompasses US Sports Camps, i9 Sports, Streamline Brands, and U.S. 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. 1180 Peachtree Street NE Luther is Arbys chairman. Phone (212) 806-6000 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. The Company provides a comprehensive suite of services primarily to retail, fleet, and industrial consumers. "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.". Founded in 2006, Streamline Brands is a leading franchisor and Suite 2500 Driven Brands is the largest automotive services company in North America. Roark Capital founder Neal Aronson has helped the firm grow to include several premier quick-service companies, including CKE and Arbys. What company owns Jimmy Johns? Media ContactBrandi Neloms, Sr. Communications Manager[emailprotected] 704-644-8151, Cision Distribution 888-776-0942 Roark NEW YORK OFFICE 540 Madison Ave 37th Floor New York, NY 10022 Phone (212) 806-6000 Fax (212) 518-2028 www.roarkcapital.com Take 5 Oil Change is the market leader in speed and quality, and is the fastest growing quick lube chain in the country. He refuses to follow fads, trends, or popularity. We look first at the brand and the company, he says. In the announcement, ServiceMaster says: "The transaction will position the . Known as 'America's Bodyshop', Maaco is a leading provider of auto painting and light collision repair services. 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. In the early days, there were real synergies and reasons to put companies together in Focus, says Hill, who became Cinnabons president. HOME [11] Brown expected that Inspire would acquire additional chains in different segments. 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 company said Wednesday. Take 5 Oil Change represents the 5th acquisition for Driven Brands in the year since Roark Capital acquired the business, expanding the collective brands' footprint to more than 2,000 locations in the U.S. About Driven BrandsDriven Brands, headquartered in Charlotte, NC, is the parent company of North America's leading automotive aftermarket brands across four distinct verticals: Repair & Maintenance, housing Meineke Car Care Centers and Merlin 200,000 Mile Shops; Paint & Collision, housing Maaco, CARSTAR North America and Drive N Style; Distribution, housing 1-800-Radiator & A/C; and Quick Lube, housing Pro Oil Change, Econo Lube N' Tune, Driven Florida Lubes and Take 5 Oil Change. The deal specifies that Ginsberg and Aronson are locked up for 60 days from trying to amass a controlling interest in Cheesecake. The Bar Method is a leading low-impact studio fitness franchise with locations across the US and Canada. Roark Capital Group acquired Corner Bakery in 2011 from Il Fornaio Corporation. Jimmy still owns 35%. The private-equity firm helped turn around Arby's after buying a majority stake in 2011. How a young private equity firm came to own 16 restaurant brands with $11 billion in systemwide sales. Auntie Anne's menu includes hand-rolled soft pretzels baked in-store, Pretzel Nuggets, beverages (including signature lemonade) and Pretzel Dogs. 540 Madison Ave AmeriSpec is a leading franchisor and provider of residential and commercial real estate inspection services. 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.