who owns roark capital group

For over 30 years, Culvers guests have been treated to cooked-to-order food made with farm-fresh ingredients, served with a smile. We look forward to partnering and helping accelerate their growth plans. The firm also provides the capital for operators to reach their goals. Fitness Connection is a leading player in the "High Value, Low Price (HVLP)" segment of the fitness industry. 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 focuses on franchised and multi-unit business models in the retail, restaurant, consumer and business services sectors. Roark prides itself on partnering with entrepreneurs and executives who share this vision of growth and success across all stakeholders. Suite 2500 The firm has $3 billion in capital under management, raised through three successively larger private-equity funds. www.roarkcapital.com, Roark In the book, the character doesnt bow to conventional wisdom and is seen as an authentic innovator. 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. When typing in this field, a list of search results will appear and be automatically updated as you type. Suite 2500 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. Before launching Roark Capital, he was the co-founder and CFO of US Franchise Systems, an owner and operator of hotel brands that increased its holdings more than 20-fold under his leadership. US Sports Camps is the nations leading youth sports camp company, serving more than 100,000 campers across 1,200+ camps in 48 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. Environmental, Social and Governance (ESG), HVAC (Heating, Ventilation and Air-Conditioning), Machine Tools, Metalworking and Metallurgy, Aboriginal, First Nations & Native American. How Roark Capital's Neal Aronson won over franchisees to build a $54 billion fast-food juggernaut with brands like Arby's, Dunkin', and Buffalo Wild Wings. Roark's current brands include Anytime Fitness, Arby's, Atkins Nutritionals, Batteries Plus Bulbs, Carl Jr.'s, Corner Bakery, Driven Brands, FOCUS Brands (the owner of Auntie Anne's Pretzels, Carvel Ice Cream, Cinnabon, McAlister's Deli, Moe's Southwest Grill, and Schlotzsky's), Hardee's, Il Fornaio, Massage Envy, Miller's Ale House, Money Mailer, Naf Naf Grill, Orangetheory Fitness, Pet Supermarket, Pet Valu, Primrose Schools, Quala, Waxing the City, and Wingstop. [10][19] The deal closed on October 18, 2019. Ron Ruggless | Oct 29, 2020. Cheesecake opted to trade 200,000 shares of preferred stock to Roark for $200 million. 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. When the company was sold in 2000, it had three brands and some 500 hotels in all 50 states and five countries. Roarks other limited-service brands include Auntie Annes, Carvel Ice Cream, Cinnabon, Moes Southwest Grill, and Schlotzskysall of which are included under the Focus Brands umbrellaas well as Corner Bakery, McAlisters Deli, and Wingstop. www.roarkcapital.com, Roark It met Roarks expertise then: a franchised business in the hospitality arena. McAlister's is a franchise chain of quick casual restaurants offering a variety of sandwiches, salads, soups, wraps and desserts. Uniban is a leading network of glass repair and replacement service centers across North America. 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. That step will leave him with 2.4 million shares. They are like the Warren Buffett of restaurants.. Stronger U is a digital, personalized nutrition-based health coaching services brand. Our goal is to be the preferred capital source for private equity solutions by earning the respect of everyone we interact with. 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. Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. New York, NY 10022 2023 PitchBook. 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. ABRA is a leading network of franchised automotive collision repair shops. Web page addresses and e-mail addresses turn into links automatically. READ MORE, Roark was named after Howard Roark, the protagonist in Ayn Rand's book The Fountainhead. operator of swim schools for children of all ages, serving over 150,000 swimmers per year. In the U.S., ICWG operates under the banners of Car Wash USA Express, Goo-Goo, Zippy's, Car Wash Express, and Supersonic Car Wash. ICWG is committed to delivering consistent wash quality for the customer while minimizing the impact on the environment. Founded in 2006, Streamline Brands is a leading franchisor and Roark Capital Group acquired 81.5% of Arby's Restaurant Group in July 2011 and is now a majority-owner of Inspire Brands. Culver's is a family-favorite restaurant known for their ButterBurgers, Fresh Frozen Custard & Wisconsin Cheese Curds. 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. ATLANTA, Feb. 4, 2019 /PRNewswire/ -- Roark Capital, an Atlanta -based private equity firm focused on investing in multi-unit businesses, announced today . 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. Please Nov 2009 - Dec 202213 years 2 months. [18], Inspire Brands announced that it was buying Jimmy John's on September 25, 2019. 37th Floor Pet Supermarket is the largest specialty retailer of pet food and pet-related supplies based in the southeastern US. Arbys is the largest drive-thru sandwich chain in the United States. 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. Self Esteem Brands is the parent company of Anytime Fitness, Basecamp Fitness, The Bar Method, Waxing the City, Stronger U, and Healthy Contributions. 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. Meineke provides all regularly scheduled maintenance services, along with repair and replacement of vehicle components. 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. ICWG operates under the IMO banner in Europe and Asia-Pacific. 1-800 Radiator is the largest franchised automotive parts distributor in North America. There were four CEOs in six years, a problem Aronson blames on previous ownership. Fax (404) 591-5201 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. 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 . Cheesecake will then repurchase the stock for $446.9 million. 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. Fax (404) 591-5201 Media ContactBrandi Neloms, Sr. Communications Manager[emailprotected] 704-644-8151, Cision Distribution 888-776-0942 Self Esteem Brands is the parent company of Anytime Fitness, Basecamp Fitness, The Bar Method, Waxing the City, Stronger U, and Healthy Contributions. 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. [24], Inspire received Franchise Times 2019 Dealmaker of the Year award for its acquisitions of Buffalo Wild Wings and Sonic Drive-In.[25]. Phone (404) 591-5200 Description. U.S. Roark Capital Group is an American private equity firm with over $33 billion in assets under management. Nation's Restaurant News is part of the Informa Connect Division of Informa PLC. CKE is one of the world's largest franchisors and operators of quick-service restaurants under the Carls Jr. and Hardees brand banners. Arby's owner Roark Capital Group said on Tuesday it would buy Buffalo Wild Wings Inc <BWLD.O> for $2.4 billion, . Take 5 is a leading provider of oil change services through a convenient drive-thru format with fast, friendly customer experience. Flower Child is a growing, fast casual restaurant offering a customizable menu, made fresh from scratch, featuring locally-sourced, all-natural and organic ingredients. Contact Ron Ruggless at [emailprotected], /sites/all/themes/penton_subtheme_nrn/images/logos/footer.png. The franchisees hated the company, says Romaniello, now a Roark managing partner. Roark Capital Group acquired Corner Bakery in 2011 from Il Fornaio Corporation. Here's What It Said, Supporting New Restaurant Franchisees, By Experience Level, The Power of Transformation in the Restaurant World, Fast-Food Chains Turn Focus to Better In-App Experiences, How to Effectively Market a Restaurant Anniversary. 1-800 Radiator is the largest franchised automotive parts distributor in North America. They keep their companies autonomous, but they understand how to control costs and focus on getting the profit margins up.. International Car Wash Group is the world's largest local car wash company, with operations in the U.S., Europe and Australia. | Roark is an Atlantabased private equity firm with $35 billion in assets under management. Its pretty exciting to be part of helping people realize their dreams, Aronson says of franchising. 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. Roark managing partner Neal Aronson will retain control of a 4.6% stake. Jamba is a category-leading smoothie and juice chain that offers a variety of high quality smoothies, juices, bowls and other products. The firms first acquisition was Carvel in 2001 for $26 million. [16], Inspire Brands on September 25, 2018 announced that it was buying Oklahoma City-based Sonic Drive-In for $2.3 billion. . operator of swim schools for children of all ages, serving over 150,000 swimmers per year. Roark Portfolio Employees Assistance Fund. Roark Capital Acquires Fitness Connection. 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. 540 Madison Ave Youth Enrichment Brands encompasses US Sports Camps, i9 Sports, Streamline Brands, and U.S. RB American is the largest Arby's franchisee, operating 370 restaurants across 9 states. Previously, Okeson was a partner at Alston & Bird LLP in Atlanta, Georgia, where he spent 15 years specializing in corporate governance, mergers and acquisitions . A massive private equity firm, Atlanta-based Roark owns varied franchise brands including Anytime Fitness and Massage Envy, along with Inspire Brands and Focus . Howard Roarks characteristics led to Roark Capitals 12 core values, including commitment, integrity, collaboration, and accountability. Massage Envy is the leading provider of therapeutic massage and skincare services in the U.S. Maintaining Automated Tests in TAF for V1 platform for API testing Most of Carvels resources had been diverted to its supermarket business, which angered franchisees. Jimmy John's is one of the largest sandwich chains in the US. Members help make our journalism possible. 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. Roark Capital Group Contact: Debra Vilchis Fishman Public Relations 847-945-1300 [emailprotected], Cision Distribution 888-776-0942 The company is in growth mode, targeting eight to 10 new openings a year. Roark Capital Group, an Atlanta-based private equity firm focused on franchise and consumer brands, announced today that its affiliate has acquired Driven Brands, the nation's leading franchise . 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. 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. Makers of industrial parts and telecom infrastructure providers play a crucial role in the economy, but you don't see their commercials on TV. Meineke provides all regularly scheduled maintenance services, along with repair and replacement of vehicle components. www.roarkcapital.com, Roark 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. 1 Answer ANSWER Neal Aronson. 37th Floor ATLANTA OFFICE 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. Roark focuses on middle-market investment opportunities through family-owned business transfers, anagement/corporate buyouts, recapitalizations, going-private transactions, and corporate divestitures. regarding PitchBook Data's products. 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. Sign up to receive texts from Restaurant Business on news and insights that matter to your brand. US Sports Camps offering spans 19 different physical sports, Esports, and academic programs for campers ranging from 6 to 18 years old. Roark Capital Group. Known as 'America's Bodyshop', Maaco is a leading provider of auto painting and light collision repair services. 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. 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. The New Jersey State Investment Council, which manages investments in seven public pension funds, committed up to $100 million to the private equity firms latest fund in 2012 after the agencys staff cited Roarks impressive track record and strong returns. The deal specifies that Ginsberg and Aronson are locked up for 60 days from trying to amass a controlling interest in Cheesecake. 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. Jimmy still owns 35%. This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. 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. Fax (212) 518-2028 403 Veterans Blvd. There was talent at Carvel that Cinnabon could benefit from, and talent at Cinnabon that Carvel could use.. Waxing the City is a growing network of waxing studios with an emphasis on superior waxes, highly-trained staff, and compassionate customer service. Roark focuses on middle market investment opportunities through family-owned business transfers, management and corporate buyouts . The brand offers 8- and 10-inch bundt cakes, Bundtlets and Bundtinis in multiple flavors that are hand-crafted and baked on-site. 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. 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 . Atlanta, Georgia 30309 Driven Brands is the largest automotive services company in North America. ServiceMaster Brands is the parent company of ServiceMaster Restore, ServiceMaster Clean, Merry Maids, TWO MEN AND A TRUCK, AmeriSpec, and Furniture Medic. Were just not big believers in shortcuts, Aronson says. 11.16.21 ROARK INVESTMENT Roark Capital Acquires Mathnasium READ MORE . Orangetheory Fitness is one of the largest and fastest growing franchisors in the studio-based fitness market. 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. 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.. Roark is an Atlantabased private equity firm with $33 billion in assets under management. Jimmy John's is one of the largest sandwich chains in the US. Phone (212) 806-6000 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. 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. 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. 1180 Peachtree Street NE Dunkin is famous for its combination of high-quality coffees, espresso beverages, baked goods, and breakfast sandwiches served all day with fast, friendly service. www.roarkcapital.com. We dont know when yet, but it will happen, he says. They really know restaurants, says Andy Puzder, chief executive of Carpinteria, Californiabased CKE. All rights reserved. Theyre all different, and so I think weve gotten better at it, he says. The purchases were financed primarily through Roarks first private equity fund. Here's what Roark is offering, and what this means for the company, its shareholders and the struggling restaurant industry. The brand offers 8- and 10-inch bundt cakes, Bundtlets and Bundtinis in multiple flavors that are hand-crafted and baked on-site. Phone (404) 591-5200 Founded in 1975 and headquartered in San Rafael, CA, US Sports camps is the licensed operator of Nike Sports Camps. Baseball Academy. 540 Madison Ave There hadnt been a new flavor in five years or a new product in eight. Driven manages a family of automotive brands including ABRA, CARSTAR, Maaco, Meineke, Take 5, Uniban, 1-800 Radiator, and others. US Sports Camps offering spans 19 different physical sports, Esports, and academic programs for campers ranging from 6 to 18 years old. 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. 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. ServiceMaster Brands is the parent company of ServiceMaster Restore, ServiceMaster Clean, Merry Maids, TWO MEN AND A TRUCK, AmeriSpec, and Furniture Medic. Responsibilities. Roark Capital Group finalized its deal to acquire Buffalo Wild Wings for $2.9 billion on February 5. The Company focuses on management of buy-outs, acquisitions, mergers, recapitalizations, restructuring, business transfers, corporate divestiture, and other situations. Do not sell my personal infoPrivacy PolicyContact UsRSS, Cheesecake Factory buys most of Roark's stake for $457M. Massage Envy is the leading provider of therapeutic massage and skincare services in the U.S. Founded in 1972, Meineke is an automotive aftermarket industry pioneer and leading provider of repair and maintenance services. The Bar Method is a leading low-impact studio fitness franchise with locations across the US and Canada. Theyre very entrepreneurial., Besides, he says, theyre just plain good guys..

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