who owns roark capital group

operator of swim schools for children of all ages, serving over 150,000 swimmers per year. The Company provides a comprehensive suite of services primarily to retail, fleet, and industrial consumers. Howard Roarks characteristics led to Roark Capitals 12 core values, including commitment, integrity, collaboration, and accountability. READ MORE, Invest in Good is Roarks multi-faceted commitment to long-term social impact initiatives. Content warning: This article covers allegations of sexual assault. us for more details. [11][12] Arby's CEO Paul Brown was selected to continue as Inspire Brands CEO. 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 . Merry Maids is a leading franchisor and provider of home cleaning services. The firm also provides the capital for operators to reach their goals. Take 5 Oil Change has a phenomenal brand, operating model, and team led by Marc. You can unsubscribe at any time by clicking on the unsubscribe link at the bottom of our emails. Roark has acquired. Arbys is the largest drive-thru sandwich chain in the United States. 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. Cheesecake opted to trade 200,000 shares of preferred stock to Roark for $200 million. 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. Roark ATLANTA OFFICE 1180 Peachtree Street NE Suite 2500 Atlanta, Georgia 30309 Phone (404) 591-5200 Fax (404) 591-5201 www.roarkcapital.com. Cheesecake only franchises abroad, and on a limited basis, and it is positioned squarely in the upper echelon of casual dining. Roark Capital Group is an Atlanta-based private equity firm with more than $1.5 billion in equity capital under management. AmeriSpec is a leading franchisor and provider of residential and commercial real estate inspection services. The securities filing states that Aronson will have the discretion to manage the shares as he sees fit. They are like the Warren Buffett of restaurants.. 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. operator of swim schools for children of all ages, serving over 150,000 swimmers per year. "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.". ATLANTA & MEMPHIS, TENN. (BUSINESS WIRE) Roark Capital, an Atlanta-based private equity firm focused on investing in franchised and multi-location businesses, announced today that its affiliate has acquired ServiceMaster Brands.ServiceMaster Brands, one of the nation's leading providers of residential and commercial restoration and cleaning services, operates a network of over 1,850 . Marcato, which owns a 6.4 percent stake in the wing chain, launched its campaign . 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. 1 Answer ANSWER Neal Aronson. GROUP. Our portfolio companies span multiple industries including food, restaurants, consumer and business services, health, wellness and fitness, and education and youth activities. Who owns roark capital group? CARSTAR is the largest franchise network of automotive collision repair shops in North America. (417) 334-3196. Its two full-service restaurant chains are Il Fornaio and Millers Ale House. The moves largely undo Roarks $200 million equity investment in Cheesecake back in April 2020, when the pandemic was just beginning. Orangetheory Fitness is one of the largest and fastest growing franchisors in the studio-based fitness market. [18], Inspire Brands announced that it was buying Jimmy John's on September 25, 2019. 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. 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. 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. If you work your tail off and follow the rules, you can be successful. Atlanta, Georgia 30309 Fax (212) 518-2028 Dunkin is famous for its combination of high-quality coffees, espresso beverages, baked goods, and breakfast sandwiches served all day with fast, friendly service. ATLANTA OFFICE How are the unit-level economics? As the Atlanta-based private equity firm that owns Massage Envy, Roark Capital Group published a plan in 2017 to address the . 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. Driven Brands Holdings Inc, one of the largest U.S. auto services franchisers, is looking to raise as much as $760 million . . ", "This is a tremendous opportunity for Take 5 Oil Change to grow our business to the next level," said Graham. Later acquisitions were made with capital from the second and third investment funds. He follows what he believes.. Stronger U is a digital, personalized nutrition-based health coaching services brand. Youll see us sell some companies over time, and youll see us take some companies public. Number 8860726. The company is in growth mode, targeting eight to 10 new openings a year. [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. ", 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. See our history. Driven Brands manages a family of automotive companies including Maaco, Meineke Car Care Centers, CARSTAR North America, 1-800 Radiator & A/C, which collectively generate annual system revenues of more than $2.1 billion. Get todays need-to-know restaurant industry intelligence. 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. 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 is an Atlantabased private equity firm with $35 billion in assets under management. Romaniello and Hill moved to Roark in 2008 to help with acquisitions and operations. 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: . Uniban is a leading network of glass repair and replacement service centers across North America. Jamba is a category-leading smoothie and juice chain that offers a variety of high quality smoothies, juices, bowls and other products. Baseball Academy. 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 latest from Restaurant Business, sent straight to your inbox. Roark focuses on franchised and multi-unit business models in the retail, restaurant, consumer and business services sectors. Roark owns a huge stable of franchised restaurant brands through its two main holdings, Focus Brands and Inspire Brands. Is Arby's Roast Beef real or processed meat? 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. Founded in 1999, KE Camps is the leading operator of day camps for country clubs, 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. Some firms seek investments that fit into specific size parameters. 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. regarding PitchBook Data's products. Cinnabon is an American chain of bakeries known for their "World Famous Cinnamon Rolls.". 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.. Phone (212) 806-6000 Inspire Brands is the franchisor and operator of the Arbys, Buffalo Wild Wings, Jimmy Johns, SONIC, Dunkin, and Baskin Robbins brands. Description. Schlotzsky's is a chain of quick casual restaurants offering made-to-order sandwiches, soups, salads and pizza. They did some digging, and went straight to the source: Arby's Quality Assurance. Roark Capital Group. It is part of Flynn Restaurant Group which also operates 441 . 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. ", 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.". 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. 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. Environmental, Social and Governance (ESG), HVAC (Heating, Ventilation and Air-Conditioning), Machine Tools, Metalworking and Metallurgy, Aboriginal, First Nations & Native American. Site Map | Search | Terms of Use | Privacy Policy | Accessibility, Roark Makers of industrial parts and telecom infrastructure providers play a crucial role in the economy, but you don't see their commercials on TV. When the company was sold in 2000, it had three brands and some 500 hotels in all 50 states and five countries. Flower Child is a growing, fast casual restaurant offering a customizable menu, made fresh from scratch, featuring locally-sourced, all-natural and organic ingredients. Not knowing what to expect during the impending crisis, most restaurant companies scrambled to maximize their liquidity, fearful theyd have insufficient cash on hand to sustain operations as dining rooms were ordered to close and sales fell to a trickle. 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. It was founded by Jimmy John Liautaud in 1983 and is headquartered in Champaign, Illinois. Furniture Medic is a global leader and franchisor in the furniture repair and restoration industry. SONIC is the largest drive-in chain in the United States, well-known for its unique drive-in format, carhop service model, and broad menu of food and beverages with over 1.3 million drink combinations. We have been slowly and methodically learning as much as we can about restaurants, Romaniello says. Founded in 1988, U.S. Maintaining Automated Tests in TAF for V1 platform for API testing [14] In September 2018, Inspire had the 27-location R Taco reverted to the Rusty Taco name. 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. Our Core Values have always guided the ways we support our people, businesses, and community, and guide us in how we Invest in Good. "Take 5 Oil Change is an ideal addition to our portfolio of brands. Although CKE has debtthe company refinanced $1 billion last yearAronson says its very manageable. U.S. Roark Capital Group is an American private equity firm with over $33 billion in assets under management. US Sports Camps offering spans 19 different physical sports, Esports, and academic programs for campers ranging from 6 to 18 years old. We believe that successful partnerships begin with providing a compelling value proposition to all business constituencies. Suite 2500 Roark Capital Group is an Atlanta-based private equity firm with over $6 billion in equity capital. Theyre very entrepreneurial., Besides, he says, theyre just plain good guys.. The Denver company . Known as 'America's Bodyshop', Maaco is a leading provider of auto painting and light collision repair services. Site Map | Search | Terms of Use | Privacy Policy | Accessibility, Roark Buffalo Wild Wings also owned the Rusty Taco chain. Roark ATLANTA OFFICE 1180 Peachtree Street NE Suite 2500 Atlanta, Georgia 30309 Phone (404) 591-5200 Fax (404) 591-5201 www.roarkcapital.com. Roark Capital | 12,241 followers on LinkedIn. Win whats next. Web page addresses and e-mail addresses turn into links automatically. Cheesecake operates its namesake brand and a high-volume Italian casual concept called North Italia. Sign up to receive texts from Restaurant Business on news and insights that matter to your brand. Sign up here. . Will the Fast-Food Dining Room Live On After COVID? Massage Envy is the leading provider of therapeutic massage and skincare services in the U.S. 37th Floor 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 Roark differs in many ways from other private equity companies. The Company provides a comprehensive suite of services primarily to retail, fleet, and industrial consumers. ICWG is the largest car wash operator in the world, washing more than 35 million cars every year through more than 900 locations in 14 countries across Europe, the United States, and Australia. Started in Jupiter, FL in 1988 by husband and wife team Jack and Claire Miller, Miller's Ale House is a sports-themed full service restaurant that offers an extensive menu of freshly prepared food and top-quality drinks. For 91 years, we've been helping people take control of their financial futures. 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. Mathnasium is a leading franchisor of math learning centers with over 1,000 locations across 46 states and 12 countries. Dunkin is famous for its combination of high-quality coffees, espresso beverages, baked goods, and breakfast sandwiches served all day with fast, friendly service. He refuses to follow fads, trends, or popularity. Aronson launched the firm in 2001 and named it for Howard Roark, the protagonist architect in Ayn Rands novel, The Fountainhead. Branson, MO 65616-2060. About Take 5 Oil ChangeTake 5 Oil Change has been serving customers for more than 30 years. Media ContactBrandi Neloms, Sr. Communications Manager[emailprotected] 704-644-8151, Cision Distribution 888-776-0942 Weve been so busy we just havent had the time to put these up yet, says Neal Aronson, Roarks founder and managing partner, smiling down at the frames. It was the public. That step will leave him with 2.4 million shares. Schlotzsky's is a chain of quick casual restaurants offering made-to-order sandwiches, soups, salads and pizza. 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. Roark Capital Acquires Fitness Connection. McAlister's is a franchise chain of quick casual restaurants offering a variety of sandwiches, salads, soups, wraps and desserts. Roark ATLANTA OFFICE 1180 Peachtree Street NE Suite 2500 Atlanta, Georgia 30309 Phone (404) 591-5200 Fax (404) 591-5201 www.roarkcapital.com. 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Founded in 1975 and headquartered in San Rafael, CA, US Sports camps is the licensed operator of Nike Sports Camps. 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. 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. In 1995, he helped launch U.S. Was decided. Waxing the City is a growing network of waxing studios with an emphasis on superior waxes, highly-trained staff, and compassionate customer service. If its franchising, it better be great unit-level economics, or a franchisee would never get involved in it.. International Car Wash Group is the world's largest local car wash company, with operations in the U.S., Europe and Australia. In addition to the franchise brands it owns, the Italian company also designs, makes and distributes fashion, luxury and sports eyewear under almost 20 brand names such as Ray-Ban . ServiceMaster Brands is the parent company of ServiceMaster Restore, ServiceMaster Clean, Merry Maids, TWO MEN AND A TRUCK, AmeriSpec, and Furniture Medic. Email this Business. 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. They keep their companies autonomous, but they understand how to control costs and focus on getting the profit margins up.. The deal specifies that Ginsberg and Aronson are locked up for 60 days from trying to amass a controlling interest in Cheesecake. The firm has $3 billion in capital under management, raised through three successively larger private-equity funds. The following year, Focus Brands was formed to hold Roarks foodservice acquisitions. October 01, 2020 09:01 AM Eastern Daylight Time . Massage Envy is the leading provider of therapeutic massage and skincare services in the U.S. The private-equity firm helped turn around Arby's after buying a majority stake in 2011. The Bar Method is a leading low-impact studio fitness franchise with locations across the US and Canada. 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. Their total assets, however, are around $250 million. ServiceMaster Brands is the parent company of ServiceMaster Restore, ServiceMaster Clean, Merry Maids, TWO MEN AND A TRUCK, AmeriSpec, and Furniture Medic. 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. 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. 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. Our greater purpose reminds us to appreciate who we work hard for each daywhen Roark does well, more kids go to college, more research gets done for curing disease and the people who protect our streets and teach our kids get a better life. 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. ORLANDO, Florida: Under recently reinstated CEO Bob Iger, Walt Disney Co. announced this week that it is cutting 7,000 jobs, or 3.6 percent of the company's global workforce, to save $5.5 billion in costs and seek to make its streaming business profitable. Youth Enrichment Brands encompasses US Sports Camps, i9 Sports, Streamline Brands, and U.S. 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. www.roarkcapital.com. Waxing the City is a growing network of waxing studios with an emphasis on superior waxes, highly-trained staff, and compassionate customer service. Nation's Restaurant News is part of the Informa Connect Division of Informa PLC. About Roark Capital Group. Wingstop has a total market capitalization of a gigantic $4.73 billion! Global network of franchises providing residential and commercial restoration services, including water damage, smoke and fire damage, mold remediation, and disaster recovery. Roark prides itself on being a trusted partner for management and business owners. Inspire Brands, Inc. is an American holding company and the owner and franchisor[7] of the Arby's, Buffalo Wild Wings, Sonic Drive-In, Jimmy John's, Mister Donut, Dunkin' Donuts and Baskin-Robbins restaurant chains. Roark Capital Group owns other dining-out favorites, including Arby's, Auntie Anne's, Cinnabon, Carvel Ice Cream, Moe's Southwest Grill, and Wingstop. Our business services investments have included Divisions Maintenance Group, Driven Brands,ServiceMaster Brands, Installation Made Easy, and previously Solterra Recycling Solutions, Batteries Plus Bulbs, CyberCore, FASTSIGNS, Money Mailer, Peachtree Business Products, PSC, Quala, Waste Pro, and GFL Environmental. Its pretty exciting to be part of helping people realize their dreams, Aronson says of franchising. HOME RB AMERICAN. 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. In 1996 Take 5 designed the first "5 Minute Drive-Thru Oil Change" location. Take 5 Oil Change is the market leader in speed and quality, and is the fastest growing quick lube chain in the country. 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. The deal shocked an industry already stunned by the unprecedented market changes they were seeing as coronavirus shut down much of the nation. 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. Latest Addition to Driven Brands Strengthens Leadership Position in Automotive Aftermarket Services Industry. 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. 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. Luther is Arbys chairman. For more information visit www.roarkcapital.com. Theyre all different, and so I think weve gotten better at it, he says. McAlister's is a franchise chain of quick casual restaurants offering a variety of sandwiches, salads, soups, wraps and desserts. The Big Take is the very best of Bloomberg's in-depth, original reporting from around the globe every day. 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. Franchisees trust in the owners rose dramatically. AmeriSpec is a leading franchisor and provider of residential and commercial real estate inspection services. 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 . www.roarkcapital.com, Roark 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. Do not sell my personal infoPrivacy PolicyContact UsRSS, Cheesecake Factory buys most of Roark's stake for $457M. Global network of franchises providing residential and commercial restoration services, including water damage, smoke and fire damage, mold remediation, and disaster recovery. [8] Inspire Brands is majority-owned by affiliates of Roark Capital Group. Moe's Southwest Grill is the neighborhood burrito place offering flavorful Southwestern fare with a healthy twist. 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. 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. US Sports Camps is the nations leading youth sports camp company, serving more than 100,000 campers across 1,200+ camps in 48 states. Join the more than 1.5 million industry professionals who get our daily newsletter! NEW YORK OFFICE For over 30 years, Culvers guests have been treated to cooked-to-order food made with farm-fresh ingredients, served with a smile. 540 Madison Ave Stronger U is a digital, personalized nutrition-based health coaching services brand. The five times weekly e-newsletter that keeps you up-to-date on the latest industry news and additions to this website. refer to our Roark Capital-owned Driven Brands targets over $3 bln valuation in IPO. Cinnabon and some franchising rights for Seattles Best Coffee were then acquired in 2004.

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