www.roarkcapital.com, Roark New York, NY 10022 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.. Elane served as Group President of Kimberly-Clark International and Global President of Kimberly . The remaining 50,000 preferred Cheesecake shares will be converted to 2,448,381 common shares of the casual-dining company. Merry Maids is a leading franchisor and provider of home cleaning services. 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 . Ron Ruggless | Oct 29, 2020. 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 founder Neal Aronson has helped the firm grow to include several premier quick-service companies, including CKE and Arbys. Roark Capital Group Inc. Roark Capital Group Inc. operates as a private equity firm. Phone (212) 806-6000 He refuses to follow fads, trends, or popularity. 37th Floor They did some digging, and went straight to the source: Arby's Quality Assurance. Roark Capital Group Contact: Debra Vilchis Fishman Public Relations 847-945-1300 [emailprotected], Cision Distribution 888-776-0942 Auntie Anne's menu includes hand-rolled soft pretzels baked in-store, Pretzel Nuggets, beverages (including signature lemonade) and Pretzel Dogs. 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. It is part of Flynn Restaurant Group which also operates 441 . Who owns Miller's Ale House? Makers of industrial parts and telecom infrastructure providers play a crucial role in the economy, but you don't see their commercials on TV. Roark Portfolio Employees Assistance Fund. There were four CEOs in six years, a problem Aronson blames on previous ownership. 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 . 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.. The Denver company . Email this Business. 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. . 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. 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. Franchisees trust in the owners rose dramatically. Take 5 is a leading provider of oil change services through a convenient drive-thru format with fast, friendly customer experience. For over 30 years, Culvers guests have been treated to cooked-to-order food made with farm-fresh ingredients, served with a smile. 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. Similar Questions. We look forward to partnering and helping accelerate their growth plans. We want to partner with entrepreneurs and executives who share this vision. 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. 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 . Atlanta, Georgia 30309 ABRA is a leading network of franchised automotive collision repair shops. The fast . 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. Global network of franchises providing janitorial services, carpet cleaning, hard surface floor care, tile and grout cleaning, and upholstery cleaning. Founded in 1984, Take 5 Oil Change operates 65 quick oil change facilities across nine states throughout the Southeast. Thats key. See Neal K Aronson's compensation, career history, education, & memberships. Roark Capital Group, the owner of restaurant chain Arby's, plans to buy Buffalo Wild Wings for $2.4 billion. 1-800 Radiator is the largest franchised automotive parts distributor in North America. Were just not big believers in shortcuts, Aronson says. As chief financial officer at U.S. Media ContactBrandi Neloms, Sr. Communications Manager[emailprotected] 704-644-8151, Cision Distribution 888-776-0942 us for more details. Neal Aronson founded Roark Capital in . Later on, it was sold to the Roark Capital Group back in 2010. Roark Capital Group General Information. www.roarkcapital.com, Roark 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. 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. 2023 PitchBook. The brand was named a Nations Restaurant News Hot Concept in 2016. Inspire Brands is a privately owned equity company that falls under the management of Roark Capital Group . 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. Sign up here. NEW YORK OFFICE Meineke provides all regularly scheduled maintenance services, along with repair and replacement of vehicle components. Fax (212) 518-2028 Jimmy John's and Rusty Taco parent company has completed its acquisition of Dunkin' Brands Group for $11.3 billion (or . Driven Brands is the largest automotive services company in North America. Fitness Connection is a leading player in the "High Value, Low Price (HVLP)" segment of the fitness industry. FOCUS Brands is also the franchisor of Seattle's Best Coffee on certain military bases and in certain international markets. 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. 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. They keep their companies autonomous, but they understand how to control costs and focus on getting the profit margins up.. ICWG operates under the IMO banner in Europe and Asia-Pacific. Baseball Academy (Youth Enrichment Brands), U.S. Sports Camps (Youth Enrichment Brands), Roark Portfolio Employees Assistance Fund. Roark Capital Acquires ServiceMaster Brands. International Car Wash Group is the world's largest local car wash company, with operations in the U.S., Europe and Australia. U.S. Roark Capital Group is an American private equity firm with over $33 billion in assets under management. For over 30 years, Culvers guests have been treated to cooked-to-order food made with farm-fresh ingredients, served with a smile. Fitness Connection is a leading player in the "High Value, Low Price (HVLP)" segment of the fitness industry. Here's what Roark is offering, and what this means for the company, its shareholders and the struggling restaurant industry. Roark Capital Group, that currently owns the Schlotzsky's, Carvel, Cinnabon, Moe's Southwest Grill, McAlister's Deli, Auntie Anne's and Jamba brands. 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. He has conviction, passion, unbelievable honesty, openness, and hes loyal and trustworthy. Roark Capital Group Affiliates. 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. Following Roark Capital Group's acquisition of Arby's in 2011, Okeson remained with Arby's as General Counsel while assuming additional senior management responsibilities. Cheesecake opted to trade 200,000 shares of preferred stock to Roark for $200 million. We want CKE to reach their potential, just like all of Roarks other brands, he says. B-Dubs might be going private. McAlister's is a franchise chain of quick casual restaurants offering a variety of sandwiches, salads, soups, wraps and desserts. Cinnabon is an American chain of bakeries known for their "World Famous Cinnamon Rolls.". The Bar Method is a leading low-impact studio fitness franchise with locations across the US and Canada. Global network of franchises providing janitorial services, carpet cleaning, hard surface floor care, tile and grout cleaning, and upholstery cleaning. Global network of franchises providing residential and commercial restoration services, including water damage, smoke and fire damage, mold remediation, and disaster recovery. 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. www.roarkcapital.com, Roark Win whats next. 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. International House of Pancakes, LLC is a wholly-owned subsidiary of Dine Brands Global (NYSE: DIN). Roark prides itself on partnering with entrepreneurs and executives who share this vision of growth and success across all stakeholders. Founder & Chief Executive Officer. [21][22] The acquisition was completed on December 15, 2020. In the multi-step deal spelled out in Mondays SEC filings, Roark will distribute 150,000 of its 200,000 preferred Cheesecake shares to three subsidiaries. He plans to structure the company similar to Hilton Hotels & Resorts. The fast-casual chain started in 1991 in Chicago and launched a franchising program in 2007. Environmental, Social and Governance (ESG), HVAC (Heating, Ventilation and Air-Conditioning), Machine Tools, Metalworking and Metallurgy, Aboriginal, First Nations & Native American. "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.". Driven Brands has more than 2,000 centers across North America, and combined, all businesses generate more than $2.1 billion in system sales. Known as 'America's Bodyshop', Maaco is a leading provider of auto painting and light collision repair services. The Company provides a comprehensive suite of services primarily to retail, fleet, and industrial consumers. Arbys is the largest drive-thru sandwich chain in the United States. 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. Its pretty exciting to be part of helping people realize their dreams, Aronson says of franchising. 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. 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. Roark Capital Acquires Fitness Connection. 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. For more information visit www.roarkcapital.com. Uniban is a leading network of glass repair and replacement service centers across North America. If capital and expertise are needed to help the brands grow, well provide that.. 540 Madison Ave READ MORE, Invest in Good is Roarks multi-faceted commitment to long-term social impact initiatives. Founded in 1972, Meineke is an automotive aftermarket industry pioneer and leading provider of repair and maintenance services. Furniture Medic is a global leader and franchisor in the furniture repair and restoration industry. Wingstop has a total market capitalization of a gigantic $4.73 billion! Orangetheory Fitness is one of the largest and fastest growing franchisors in the studio-based fitness market. 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 . Baseball Academy. Number 8860726. Orangetheory Fitness is one of the largest and fastest growing franchisors in the studio-based fitness market. ATLANTA OFFICE Pet Supermarket is the largest specialty retailer of pet food and pet-related supplies based in the southeastern US. The Take 5 Oil Change management team will remain at the helm, and the headquarters will remain in New Orleans. What company owns Jimmy Johns? AmeriSpec is a leading franchisor and provider of residential and commercial real estate inspection services. 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. Driven Brands is the largest automotive services company in North America. [16], Inspire Brands on September 25, 2018 announced that it was buying Oklahoma City-based Sonic Drive-In for $2.3 billion. READ MORE, Site Map | Search | Terms of Use | Privacy Policy | Accessibility, Roark About Roark Capital Group. Cheesecake will then repurchase the stock for $446.9 million. 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. 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. 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 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. 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. Few of Arbys issues were present at CKE, which was acquired from private equity firm Apollo Global Management. "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. October 01, 2020 09:01 AM Eastern Daylight Time . All of those characteristics have helped turn Roark into one of the biggest influencers in the quick-service industry. Terms of . Image Credit: IHOP - Legacy Capital Investment Group IHOP restaurants are franchised and operated by Glendale, California-based International House of Pancakes, LLC and its affiliates. . Greenwood Village, CO. Leeds West Groups (LWG) was founded in 2009 by current CEO and Board Member Judd Shader and is . Sign up to receive texts from Restaurant Business on news and insights that matter to your brand. 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. 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. In 1996 Take 5 designed the first "5 Minute Drive-Thru Oil Change" location. He follows what he believes.. 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 brand offers 8- and 10-inch bundt cakes, Bundtlets and Bundtinis in multiple flavors that are hand-crafted and baked on-site. Who is corner bakery owned by? Roark Capital Group specializes in franchises in the food service, retail and consumer services industries. Suite 2500 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. Roark has acquired. Roark also owns nearly a dozen non-eatery franchise businesses. For more information visit www.take5oilchange.com. Roark Capital Group is an Atlanta-based private equity firm with more than $1.5 billion in equity capital under management. US Sports Camps offering spans 19 different physical sports, Esports, and academic programs for campers ranging from 6 to 18 years old. Web page addresses and e-mail addresses turn into links automatically. That step will leave him with 2.4 million shares. Global network of franchises providing residential and commercial restoration services, including water damage, smoke and fire damage, mold remediation, and disaster recovery. 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. For 91 years, we've been helping people take control of their financial futures. 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. Affiliates of Roark Capital Group have sold the Dallas-based Corner Bakery Cafe brand to Pandya Restaurant Growth Brands LLC, the companies said Thursday. ", "This is a tremendous opportunity for Take 5 Oil Change to grow our business to the next level," said Graham. "Arby's Restaurant Group" redirects here. serving 10,000+ campers per year. 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. Uniban is a leading network of glass repair and replacement service centers across North America. Fax (404) 591-5201 At Roark, that patience is being tested with Arbys. ", 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. Founded in 1983, Jimmy John's offers high-quality sandwiches with rapid preparation. FOCUS Brands is also the franchisor of Seattle's Best Coffee on certain military bases and in certain international markets. The brand offers 8- and 10-inch bundt cakes, Bundtlets and Bundtinis in multiple flavors that are hand-crafted and baked on-site. Arbys same-store sales rose 2.8 percent last year and have grown every quarter since Roark acquired the chain. Anytime Fitness is the largest fitness franchise in the world, with gym facilities open 24 hours a day, 365 days a year. It was founded by Jimmy John Liautaud in 1983 and is headquartered in Champaign, Illinois. The deal shocked an industry already stunned by the unprecedented market changes they were seeing as coronavirus shut down much of the nation. 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. In the early days, there were real synergies and reasons to put companies together in Focus, says Hill, who became Cinnabons president. So far, it seems the risk is paying off. Auntie Anne's menu includes hand-rolled soft pretzels baked in-store, Pretzel Nuggets, beverages (including signature lemonade) and Pretzel Dogs. The five times weekly e-newsletter that keeps you up-to-date on the latest industry news and additions to this website. Aronson will surrender 47,517 of the common shares to Cheesecake in exchange for $10.4 million in cash. 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 . Roark Capital Group is an Atlanta-based private equity firm that specializes in franchise, brand management, environmental services and marketing services companies with attractive growth prospects. Driven manages a family of automotive brands including ABRA, CARSTAR, Maaco, Meineke, Take 5, Uniban, 1-800 Radiator, and others. Responsibilities. Nov 2009 - Dec 202213 years 2 months. Moe's Southwest Grill is the neighborhood burrito place offering flavorful Southwestern fare with a healthy twist. The Company focuses on management of buy-outs, acquisitions, mergers, recapitalizations, restructuring, business transfers, corporate divestiture, and other situations. 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. Nation's Restaurant News is part of the Informa Connect Division of Informa PLC. The Cheesecake Factory is reacquiring most of the equity stake held by Buffalo Wild Wings parent Roark Capital in a transaction valued at $457.3 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. 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. 37th Floor ServiceMaster Brands is the parent company of ServiceMaster Restore, ServiceMaster Clean, Merry Maids, TWO MEN AND A TRUCK, AmeriSpec, and Furniture Medic. When the company was sold in 2000, it had three brands and some 500 hotels in all 50 states and five countries. For more information, please visit www.roarkcapital.com. [11] Brown expected that Inspire would acquire additional chains in different segments. Who owns roark capital group? 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. He now owns the Gulfstream G-IV with registration . How are the unit-level economics? 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: . 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. Branson, MO 65616-2060. Howard Roarks characteristics led to Roark Capitals 12 core values, including commitment, integrity, collaboration, and accountability. Roark managing partner Neal Aronson will retain control of a 4.6% stake. ServiceMaster Brands is the parent company of ServiceMaster Restore, ServiceMaster Clean, Merry Maids, TWO MEN AND A TRUCK, AmeriSpec, and Furniture Medic. Finally, in 2015, the final answer to the previous question, who owned Wingstop? We believe that successful partnerships begin with providing a compelling value proposition to all business constituencies.