who owns roark capital group

who owns roark capital group

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. Related: Naf Naf Grill founder dies at 47, Greg Willman, left, who was named Naf Naf Grill CEO in May 2020, said in a statement: I am excited about the future of Naf Naf Grill and want to thank Roark for its support and positive contributions to the company.. Today, we're one of the world's largest investment management organizations, managing $2.2 trillion.*. Self Esteem Brands is the parent company of Anytime Fitness, Basecamp Fitness, The Bar Method, Waxing the City, Stronger U, and Healthy Contributions. regarding PitchBook Data's products. 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. Known as 'America's Bodyshop', Maaco is a leading provider of auto painting and light collision repair services. "Arby's Restaurant Group" redirects here. 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. Our portfolio companies span multiple industries including food, restaurants, consumer and business services, health, wellness and fitness, and education and youth activities. ATLANTA, Feb. 4, 2019 /PRNewswire/ -- Roark Capital, an Atlanta -based private equity firm focused on investing in multi-unit businesses, announced today . It has strong unit-level growth and is stable, with an excellent management team and differentiated brands, Aronson says. There was talent at Carvel that Cinnabon could benefit from, and talent at Cinnabon that Carvel could use.. The fast . [18], Inspire Brands announced that it was buying Jimmy John's on September 25, 2019. Primrose Schools is a leading franchisor of pre-K schools providing high quality educational programs for children 6 weeks to 5 years old and after-school learning programs for 6 to 12 year olds. Do not sell my personal infoPrivacy PolicyContact UsRSS, Cheesecake Factory buys most of Roark's stake for $457M. The Denver company . | Roark is an Atlantabased private equity firm with $35 billion in assets under management. 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. By the time Focus Brands--an arm of Atlanta-based private equity firm, Roark Capital Group--took over the company in 2006 they had sold or closed all but one franchise. from 8 AM - 9 PM ET. Roark Capital Group owns other dining-out favorites, including Arby's, Auntie Anne's, Cinnabon, Carvel Ice Cream, Moe's Southwest Grill, and Wingstop. Theyre very entrepreneurial., Besides, he says, theyre just plain good guys.. We look first at the brand and the company, he says. They really know restaurants, says Andy Puzder, chief executive of Carpinteria, Californiabased CKE. 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. Get todays need-to-know restaurant industry intelligence. 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. Our Core Values define who we are, what we do and how we do it. Number 8860726. Affiliates of Roark have acquired 55 franchise/multi-unit brands which generated approximately $21 billion in system revenues from 23,000 locations located in 50 states and 75 countries. 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. When the company was sold in 2000, it had three brands and some 500 hotels in all 50 states and five countries. The private-equity firm helped turn around Arby's after buying a majority stake in 2011. Arbys is the largest drive-thru sandwich chain in the United States. 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. Sign up here. Inspire operates Support Centers in Atlanta, Oklahoma City, Champaign, Minneapolis, and Canton, Massachusetts. Take 5 is a leading provider of oil change services through a convenient drive-thru format with fast, friendly customer experience. [9][10], Inspire Brands was formed when Arby's Restaurant Group merged with Buffalo Wild Wings on February 5, 2018. Roark focuses on franchised and multi-unit business models in the retail, restaurant, consumer and business services sectors. Roark ATLANTA OFFICE 1180 Peachtree Street NE Suite 2500 Atlanta, Georgia 30309 Phone (404) 591-5200 Fax (404) 591-5201 www.roarkcapital.com. Phone (212) 806-6000 Roark Capital Group serves customers in the United States. Merry Maids is a leading franchisor and provider of home cleaning services. 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. Ron Ruggless | Oct 29, 2020. 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. 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. Schlotzsky's is a chain of quick casual restaurants offering made-to-order sandwiches, soups, salads and pizza. Affiliates of Roark Capital Group have sold the Dallas-based Corner Bakery Cafe brand to Pandya Restaurant Growth Brands LLC, the companies said Thursday. McAlister's is a franchise chain of quick casual restaurants offering a variety of sandwiches, salads, soups, wraps and desserts. operator of swim schools for children of all ages, serving over 150,000 swimmers per year. The five times weekly e-newsletter that keeps you up-to-date on the latest industry news and additions to this website. 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. B-Dubs might be going private. The deal specifies that Ginsberg and Aronson are locked up for 60 days from trying to amass a controlling interest in Cheesecake. Article continues below . Fax (212) 518-2028 Atlanta, Georgia 30309 Win whats next. Roark NEW YORK OFFICE 540 Madison Ave 37th Floor New York, NY 10022 Phone (212) 806-6000 Fax (212) 518-2028 www.roarkcapital.com Meineke provides all regularly scheduled maintenance services, along with repair and replacement of vehicle components. ", 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.". Take 5 Oil Change has a phenomenal brand, operating model, and team led by Marc. US Sports Camps is the nations leading youth sports camp company, serving more than 100,000 campers across 1,200+ camps in 48 states. As of 2021, Wingstop makes a net income of about $42 million a year. When Darden sold Red Lobster in 2014, it was to Golden Gate Capital, who also owned Romano's Macaroni Grill from 2008 to 2013. Global network of franchises providing janitorial services, carpet cleaning, hard surface floor care, tile and grout cleaning, and upholstery cleaning. Cinnabon is an American chain of bakeries known for their "World Famous Cinnamon Rolls.". Latest Addition to Driven Brands Strengthens Leadership Position in Automotive Aftermarket Services Industry. Youll see us sell some companies over time, and youll see us take some companies public. Wingstop has a total market capitalization of a gigantic $4.73 billion! NEW YORK OFFICE Dunkin is famous for its combination of high-quality coffees, espresso beverages, baked goods, and breakfast sandwiches served all day with fast, friendly service. 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. The company is in growth mode, targeting eight to 10 new openings a year. 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. In 1996 Take 5 designed the first "5 Minute Drive-Thru Oil Change" location. Founded in 1988, U.S. Miller's appears to be in good hands with its current owners. Founded in 1983, Jimmy John's offers high-quality sandwiches with rapid preparation. 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. Roark Capital Group Contact: Debra Vilchis Fishman Public Relations 847-945-1300 [emailprotected], Cision Distribution 888-776-0942 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. Baseball Academy. 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. 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. The franchisees hated the company, says Romaniello, now a Roark managing partner. Culver's is a family-favorite restaurant known for their ButterBurgers, Fresh Frozen Custard & Wisconsin Cheese Curds. Roark Capital Acquires ServiceMaster Brands. Makers of industrial parts and telecom infrastructure providers play a crucial role in the economy, but you don't see their commercials on TV. After a few quiet years, Roark raised its first flagship fund in 2005, a $413 million vehicle, and quickly got to work making deals, completing four . Focus added Schlotzskys in 2006, Moes Southwest Grill in 2007, and Auntie Annes in 2010. 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. With this acquisition, Driven Brands continues to expand its Quick Lube division, which also includes Pro Oil Change and Driven Florida Lubes. Roark also owns nearly a dozen non-eatery franchise businesses. Web page addresses and e-mail addresses turn into links automatically. [20], Inspire Brands on October 25, 2020 announced that it was buying Dunkin' Brands for $11.3 billion. [23], On December 19, 2022, Inspire Brands announced that it had sold Rusty Taco to Gala Capital Partners, owner of Cicis Pizza, Dunn Brothers Coffee, and Mooyah. Massage Envy is the leading provider of therapeutic massage and skincare services in the U.S. 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.. Roark Portfolio Employees Assistance Fund. Later acquisitions were made with capital from the second and third investment funds. 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. [24], Inspire received Franchise Times 2019 Dealmaker of the Year award for its acquisitions of Buffalo Wild Wings and Sonic Drive-In.[25]. 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. 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. Inspire Brands and Roark Capital Group own Arby's. The two companies are the parent organizations of Arby's. Inspire Brands is an American holding company and the owner and franchiser of many food industry companies, such as Arby's, Buffalo Wild Wings, Sonic Drive-In, Jimmy John's, Rusty Taco, and others. Jimmy John's Franchise, LLC is an American franchised sandwich fast food restaurant chain owned by Inspire Brands. Finally, in 2015, the final answer to the previous question, who owned Wingstop? In the announcement, ServiceMaster says: "The transaction will position the . A massive private equity firm, Atlanta-based Roark owns varied franchise brands including Anytime Fitness and Massage Envy, along with Inspire Brands and Focus . Anytime Fitness is the largest fitness franchise in the world, with gym facilities open 24 hours a day, 365 days a year. Roark is an Atlantabased private equity firm with $33 billion in assets under management. 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 securities filing states that Aronson will have the discretion to manage the shares as he sees fit. He now owns the Gulfstream G-IV with registration . In its 13 years in existence, Roark has sold only three companies. operator of swim schools for children of all ages, serving over 150,000 swimmers per year. Global network of franchises providing residential and commercial restoration services, including water damage, smoke and fire damage, mold remediation, and disaster recovery. 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. What company owns Jimmy Johns? Franchise Systems, Aronson interacted regularly with two other executives, Steven Romaniello and Geoff Hill, who would later fill important operating and managing roles at Focus Brands and Roark. The 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. 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. 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. 1180 Peachtree Street NE Theres also Green Burrito and Red Burrito, which cobrand with some Carls Jr. and Hardees, while Roark also franchises Seattles Best Coffee internationally. The purchases were financed primarily through Roarks first private equity fund. Global network of franchises providing residential and commercial restoration services, including water damage, smoke and fire damage, mold remediation, and disaster recovery. Roark Capital-owned Driven Brands targets over $3 bln valuation in IPO. 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. U.S. Roark Capital Group is an American private equity firm with over $33 billion in assets under management. Roark Capital Group. You can unsubscribe at any time by clicking on the unsubscribe link at the bottom of our emails. Become a Restaurant Business member today and unlock exclusive benefits, including unlimited access to all of our content. Who is corner bakery owned by? Flower Child is a growing, fast casual restaurant offering a customizable menu, made fresh from scratch, featuring locally-sourced, all-natural and organic ingredients. Roark focuses on investments in consumer and business service companies, with a specialization in franchise and franchise-like business models. New York, NY 10022 us for more details. Previously, Okeson was a partner at Alston & Bird LLP in Atlanta, Georgia, where he spent 15 years specializing in corporate governance, mergers and acquisitions . 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. US Sports Camps offering spans 19 different physical sports, Esports, and academic programs for campers ranging from 6 to 18 years old. Environmental, Social and Governance (ESG), HVAC (Heating, Ventilation and Air-Conditioning), Machine Tools, Metalworking and Metallurgy, Aboriginal, First Nations & Native American. Culver's is a family-favorite restaurant known for their ButterBurgers, Fresh Frozen Custard & Wisconsin Cheese Curds. Baseball Academy. from 8 AM - 9 PM ET. Similar Questions. [17] The acquisition was completed on December 7, 2018. Stronger U is a digital, personalized nutrition-based health coaching services brand. The Take 5 Oil Change management team will remain at the helm, and the headquarters will remain in New Orleans. Driven Brands has more than 2,000 centers across North America, and combined, all businesses generate more than $2.1 billion in system sales. International House of Pancakes, LLC is a wholly-owned subsidiary of Dine Brands Global (NYSE: DIN). Like many urban fast-casual concepts , Corner Bakery has struggled during the pandemic and has seen sharp declines in earnings and revenues since March, according to Debtwire. Others acquire companies, do some financial engineering, and then flip them after a few years. 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. In 2016 Liautaud sold a majority share in the company to Roark Capital. Site Map | Search | Terms of Use | Privacy Policy | Accessibility, Roark Roark prides itself on partnering with entrepreneurs and executives who share this vision of growth and success across all stakeholders. Registered in England and Wales. Our Core Values have always guided the ways we support our people, businesses, and community, and guide us in how we Invest in Good. Founded in 1983, Jimmy John's offers high-quality sandwiches with rapid preparation. He refuses to follow fads, trends, or popularity. Nash had a tough exterior, but he was honest and off-the-chart smart, so he gave you great advice. He was also Roarks biggest early investor. CKE is one of the world's largest franchisors and operators of quick-service restaurants under the Carls Jr. and Hardees brand banners.

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