Miller's appears to be in good hands with its current owners. Theyre all different, and so I think weve gotten better at it, he says. 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 Capital Acquires ServiceMaster Brands. International House of Pancakes, LLC is a wholly-owned subsidiary of Dine Brands Global (NYSE: DIN). See Neal K Aronson's compensation, career history, education, & memberships. While the firm has not sold any of its restaurant companies yet, that time will come. Merry Maids is a leading franchisor and provider of home cleaning services. Dunkin is famous for its combination of high-quality coffees, espresso beverages, baked goods, and breakfast sandwiches served all day with fast, friendly service. Were just not big believers in shortcuts, Aronson says. Is Arby's Roast Beef real or processed meat? [18], Inspire Brands announced that it was buying Jimmy John's on September 25, 2019. The purchases were financed primarily through Roarks first private equity fund. 37th Floor 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. NEW YORK OFFICE Founded in 1975 and headquartered in San Rafael, CA, US Sports camps is the licensed operator of Nike Sports Camps. FOCUS Brands is also the franchisor of Seattle's Best Coffee on certain military bases and in certain international markets. 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. All of those characteristics have helped turn Roark into one of the biggest influencers in the quick-service industry. [20], Inspire Brands on October 25, 2020 announced that it was buying Dunkin' Brands for $11.3 billion. serving 10,000+ campers per year. 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. For the restaurant, see, "Jimmy John's Sale To Inspire Brands Now Complete", "Why Fast Food's Smartest Operator Is Expanding When Business Is Terrible", "Wendy's sells stake in Arby's owner for $450 million", "Arby's owner beefs up portfolio, eating up another fast-food franchise", "Arby's, Buffalo Wild Wings new parent Inspire Brands debuts", "Arby's closes deal for Buffalo Wild Wings, makes new company", "Arby's CEO: We're Not Done Buying Brands After BWW", "Wendy's Sells Inspire Brands Stake for $450 Million", "Inspire Brands reveals plans for its 3rd brand, now Rusty Taco", "Inspire Brands bringing 1,100 jobs, $32 million to Sandy Springs", "Inspire Brands to buy Sonic Corp. for $2.3B", "Arby's owner Inspire Brands buys Jimmy John's", "Inspire completes purchase of Jimmy John's", "Dunkin' closes in on $9bn sale to Inspire Brands", "Inspire Brands to Acquire Dunkin' Brands Group for $11.3 Billion Including Debt", "Inspire Brands Completes Acquisition of Dunkin' Brands", "Inspire Brands sells Rusty Taco to the owner of Cicis Pizza", "Art of the deal panel to highlight FFGC", https://en.wikipedia.org/w/index.php?title=Inspire_Brands&oldid=1139069937, Companies based in Sandy Springs, Georgia, 2018 establishments in Georgia (U.S. state), Economy of the Southeastern United States, Short description is different from Wikidata, Official website different in Wikidata and Wikipedia, Creative Commons Attribution-ShareAlike License 3.0, This page was last edited on 13 February 2023, at 05:48. The Bar Method is a leading low-impact studio fitness franchise with locations across the US and Canada. They are like the Warren Buffett of restaurants.. Roark prides itself on being a trusted partner for management and business owners. Founded in 1988, U.S. For more information, visit www.DrivenBrands.com. 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. That's because we've stayed true to our core beliefs, our approach to investing and our commitment to community. 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. Elane served as Group President of Kimberly-Clark International and Global President of Kimberly . It takes time to build a really good company, to make it sustainable, and make the growth something thats long term.. Marcato, which owns a 6.4 percent stake in the wing chain, launched its campaign . Roark differs in many ways from other private equity companies. Its two full-service restaurant chains are Il Fornaio and Millers Ale House. [24], Inspire received Franchise Times 2019 Dealmaker of the Year award for its acquisitions of Buffalo Wild Wings and Sonic Drive-In.[25]. Theres just one distinction: Two dozen black-framed notices of the private equity firms acquisitions dot the walls along the narrow sides of the room. 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. Founded in 1975 and headquartered in San Rafael, CA, US Sports camps is the licensed operator of Nike Sports Camps. It has strong unit-level growth and is stable, with an excellent management team and differentiated brands, Aronson says. 540 Madison Ave 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 Group, the owner of restaurant chain Arby's, plans to buy Buffalo Wild Wings for $2.4 billion. Jimmy John's is one of the largest sandwich chains in the US. 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. In 2016 Liautaud sold a majority share in the company to Roark Capital. It met Roarks expertise then: a franchised business in the hospitality arena. Mathnasium is a leading franchisor of math learning centers with over 1,000 locations across 46 states and 12 countries. Arbys is the largest drive-thru sandwich chain in the United States. [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. Roark ATLANTA OFFICE 1180 Peachtree Street NE Suite 2500 Atlanta, Georgia 30309 Phone (404) 591-5200 Fax (404) 591-5201 www.roarkcapital.com. Schlotzsky's is a chain of quick casual restaurants offering made-to-order sandwiches, soups, salads and pizza. Rating. 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. Roark Capital Group Inc. Roark Capital Group Inc. operates as a private equity firm. 2023 PitchBook. Atlanta, Georgia 30309 Finally, in 2015, the final answer to the previous question, who owned Wingstop? 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 . www.roarkcapital.com, Roark Portfolio Employees Assistance Fund. 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. Arby's owner Roark Capital Group said on Tuesday it would buy Buffalo Wild Wings Inc <BWLD.O> for $2.4 billion, . Jul 22, 2013, 08:00 ET. They have perfected their processes and deliver industry leading customer service. ATLANTA OFFICE You don't drive past their logos every time you leave the house. Self Esteem Brands is the parent company of Anytime Fitness, Basecamp Fitness, The Bar Method, Waxing the City, Stronger U, and Healthy Contributions. Baseball Academy (Youth Enrichment Brands), U.S. Sports Camps (Youth Enrichment Brands), Roark Portfolio Employees Assistance Fund. ICWG operates under the IMO banner in Europe and Asia-Pacific. www.roarkcapital.com, Roark The fast . 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 has acquired. Some firms seek investments that fit into specific size parameters. "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. Suite 2500 It is part of Flynn Restaurant Group which also operates 441 . 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. 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. Roark also owns nearly a dozen non-eatery franchise businesses. As a private equity company, we will need to, and will divest companies, Aronson says. Although CKE has debtthe company refinanced $1 billion last yearAronson says its very manageable. [16], Inspire Brands on September 25, 2018 announced that it was buying Oklahoma City-based Sonic Drive-In for $2.3 billion. . 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. Naf Naf Grills website lists 39 locations in eight states, including Illinois, Indiana, Minnesota, New Jersey, Ohio, Pennsylvania, Tennessee and Wisconsin. Basecamp Fitness is a growing network of fitness studios featuring high-intensity and high-energy workout sessions. [11][12] Arby's CEO Paul Brown was selected to continue as Inspire Brands CEO. Founded in 1988, U.S. READ MORE, Invest in Good is Roarks multi-faceted commitment to long-term social impact initiatives. The Chicago-based company did not disclose terms of the deal or the identity of the investor group. U.S. Roark Capital Group is an American private equity firm with over $33 billion in assets under management. The acquisitions are a team effort, Hill says, relying on Roarks operational, financial, and other resources. 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 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. Fax (404) 591-5201 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. Aronson will surrender 47,517 of the common shares to Cheesecake in exchange for $10.4 million in cash. For over 30 years, Culvers guests have been treated to cooked-to-order food made with farm-fresh ingredients, served with a smile. 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. These are very smart people, he says. | Roark is an Atlantabased private equity firm with $35 billion in assets under management. . CARSTAR is the largest franchise network of automotive collision repair shops in North America. 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. The moves largely undo Roarks $200 million equity investment in Cheesecake back in April 2020, when the pandemic was just beginning. operator of swim schools for children of all ages, serving over 150,000 swimmers per year. Others acquire companies, do some financial engineering, and then flip them after a few years. 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. Jamba is a category-leading smoothie and juice chain that offers a variety of high quality smoothies, juices, bowls and other products. 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. 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. This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. Terms of . The boardroom at Roark Capital Group's offices in an Atlanta skyscraper has all the accoutrements of a nicely appointed meeting area, including a large conference table surrounded by comfortable chairs and a wide view of the city below.There's just one distinction: Two dozen black-framed notices of the private equity firm's acquisitions dot the walls along the narrow sides of the room. Dunkin is famous for its combination of high-quality coffees, espresso beverages, baked goods, and breakfast sandwiches served all day with fast, friendly service. 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 company is in growth mode, targeting eight to 10 new openings a year. In the early days, there were real synergies and reasons to put companies together in Focus, says Hill, who became Cinnabons president. regarding PitchBook Data's products. Affiliates of Roark Capital Group have sold the Dallas-based Corner Bakery Cafe brand to Pandya Restaurant Growth Brands LLC, the companies said Thursday. www.roarkcapital.com. Environmental, Social and Governance (ESG), HVAC (Heating, Ventilation and Air-Conditioning), Machine Tools, Metalworking and Metallurgy, Aboriginal, First Nations & Native American. Phone (404) 591-5200 "We are actively expanding our footprint through the strategic acquisition of top-performing, complementary auto aftermarket services companies," said Jonathan Fitzpatrick, CEO of Driven Brands. Inspire Brands is majority-owned by affiliates of Roark Capital Group. In 1996 Take 5 designed the first "5 Minute Drive-Thru Oil Change" location. The remaining 50,000 preferred Cheesecake shares will be converted to 2,448,381 common shares of the casual-dining company. CARSTAR is the largest franchise network of automotive collision repair shops in North America. Anytime Fitness is the largest fitness franchise in the world, with gym facilities open 24 hours a day, 365 days a year. "Take 5 Oil Change is an ideal addition to our portfolio of brands. 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. Since inception, affiliates of Roark have invested in 61 franchise/multi-unit brands which collectively generate $25 billion in annual system revenues from 28,000 locations in 50 states and 78 countries. What are the characteristics of that concept? Each deal brings its own set of challenges, says Erik Morris, a managing director who joined Roark in 2007 after leading investments in several quick-service restaurant companies at private equity firm Grotech Capital Group. The Company provides a comprehensive suite of services primarily to retail, fleet, and industrial consumers. We believe that successful partnerships begin with providing a compelling value proposition to all business constituencies. Youth Enrichment Brands encompasses US Sports Camps, i9 Sports, Streamline Brands, and U.S. Fax (404) 591-5201 The deal shocked an industry already stunned by the unprecedented market changes they were seeing as coronavirus shut down much of the nation.
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