Theyre very entrepreneurial., Besides, he says, theyre just plain good guys.. 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 . Roark Capital Group Acquires Miller's Ale House - PR Newswire Who is the CEO of Sonic? 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. Roark Capital Acquires Fitness Connection - prnewswire.com Judd Kyle Shader - Founder & Executive Chairman - LinkedIn 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. Later acquisitions were made with capital from the second and third investment funds. Suite 2500 Here's why Arby's acquisition of Buffalo Wild Wings is good news for The securities filing states that Aronson will have the discretion to manage the shares as he sees fit. Naf Naf Grill and an investor group bought out the minority ownership of Roark Capital. ", "This is a tremendous opportunity for Take 5 Oil Change to grow our business to the next level," said Graham. CKE is one of the world's largest franchisors and operators of quick-service restaurants under the Carls Jr. and Hardees brand banners. 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. 1180 Peachtree Street NE [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. 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 ATLANTA OFFICE 1180 Peachtree Street NE Suite 2500 Atlanta, Georgia 30309 Phone (404) 591-5200 Fax (404) 591-5201 www.roarkcapital.com. Naf Naf Grill, investor group buy out Roark ownership 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. A massive private equity firm, Atlanta-based Roark owns varied franchise brands including Anytime Fitness and Massage Envy, along with Inspire Brands and Focus . Roark Capital Acquires ServiceMaster for $1.5 Billion 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. With this acquisition, Driven Brands continues to expand its Quick Lube division, which also includes Pro Oil Change and Driven Florida Lubes. Take 5 is a leading provider of oil change services through a convenient drive-thru format with fast, friendly customer experience. . We want CKE to reach their potential, just like all of Roarks other brands, he says. 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. 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. Neal K Aronson is Managing Partner/Founder at Roark Capital Group. 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 company said Wednesday. That step will leave him with 2.4 million shares. 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. Today, we're one of the world's largest investment management organizations, managing $2.2 trillion.*. For over 30 years, Culvers guests have been treated to cooked-to-order food made with farm-fresh ingredients, served with a smile. 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. Youll see us sell some companies over time, and youll see us take some companies public. The transaction will apparently not cost Paul Ginsberg, Roark Capitals president, his seat on Cheesecakes board. 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. 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. 540 Madison Ave Phone (404) 591-5200 Dunkin is famous for its combination of high-quality coffees, espresso beverages, baked goods, and breakfast sandwiches served all day with fast, friendly service. US Sports Camps is the nations leading youth sports camp company, serving more than 100,000 campers across 1,200+ camps in 48 states. 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. Our Core Values define who we are, what we do and how we do it. 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. 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. While the firm has not sold any of its restaurant companies yet, that time will come. 1 Answer ANSWER Neal Aronson. 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. 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 . 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. 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. Driven Brands has more than 2,000 centers across North America, and combined, all businesses generate more than $2.1 billion in system sales. 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. Roark Capital | 12,241 followers on LinkedIn. 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 . Roark focuses on middle market investment opportunities through family-owned business transfers, management and corporate buyouts . [13] Co-owner The Wendy's Company's stake was reduced from 18.5% to 12.3% due to the infusion of capital from Roark Capital to fund the purchase. All rights reserved. Arbys same-store sales rose 2.8 percent last year and have grown every quarter since Roark acquired the chain. That's because we've stayed true to our core beliefs, our approach to investing and our commitment to community. ATLANTA, July 22, 2013 /PRNewswire/ -- Roark Capital Group, an Atlanta -based private equity firm, announced today that an affiliate had acquired 65 unit Miller's Ale House . 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. No, Sonic is owned by Sega, who debuted the character in "Sonic The Hedgehog" for their Genesis console in 1991. [18], Inspire Brands announced that it was buying Jimmy John's on September 25, 2019. Suite 2500 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. Makers of industrial parts and telecom infrastructure providers play a crucial role in the economy, but you don't see their commercials on TV. Uniban is a leading network of glass repair and replacement service centers across North America. McAlister's is a franchise chain of quick casual restaurants offering a variety of sandwiches, salads, soups, wraps and desserts. NEW YORK OFFICE 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. The brand offers 8- and 10-inch bundt cakes, Bundtlets and Bundtinis in multiple flavors that are hand-crafted and baked on-site. International Car Wash Group is the world's largest local car wash company, with operations in the U.S., Europe and Australia. Atlanta investment firm scoops up Culver's stock - Madison Lying on the carpet are two more frames, holding announcements for the latest purchases, Carls Jr. and Hardees, made last December in a deal valued at about $1.7 billion. EPAM Anywhere hiring Senior Automation Tester in Armenia | LinkedIn Finally, in 2015, the final answer to the previous question, who owned Wingstop? 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. If capital and expertise are needed to help the brands grow, well provide that.. Youth Enrichment Brands encompasses US Sports Camps, i9 Sports, Streamline Brands, and U.S. www.roarkcapital.com, Roark Roark has acquired. Known as 'America's Bodyshop', Maaco is a leading provider of auto painting and light collision repair services. Who Owns Massage Envy? Details on Spa Franchisor Amid Allegations He now owns the Gulfstream G-IV with registration . As of 2021, Wingstop makes a net income of about $42 million a year. Auntie Anne's menu includes hand-rolled soft pretzels baked in-store, Pretzel Nuggets, beverages (including signature lemonade) and Pretzel Dogs. 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. They understand franchising, and they know brands and understand branding. Others acquire companies, do some financial engineering, and then flip them after a few years. US Sports Camps offering spans 19 different physical sports, Esports, and academic programs for campers ranging from 6 to 18 years old. The fast-casual chain started in 1991 in Chicago and launched a franchising program in 2007. 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. Cheesecake opted to trade 200,000 shares of preferred stock to Roark for $200 million. The acquisitions are a team effort, Hill says, relying on Roarks operational, financial, and other resources. Stronger U is a digital, personalized nutrition-based health coaching services brand. 540 Madison Ave If you work your tail off and follow the rules, you can be successful. Massage Envy is the leading provider of therapeutic massage and skincare services in the U.S. Jamba is a category-leading smoothie and juice chain that offers a variety of high quality smoothies, juices, bowls and other products. 1-800 Radiator is the largest franchised automotive parts distributor in North America. Inspire Brands Completes Acquisition of Dunkin' Brands 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. Waxing the City is a growing network of waxing studios with an emphasis on superior waxes, highly-trained staff, and compassionate customer service. Here's what Roark is offering, and what this means for the company, its shareholders and the struggling restaurant industry. Fitness Connection is a leading player in the "High Value, Low Price (HVLP)" segment of the fitness industry. The moves largely undo Roarks $200 million equity investment in Cheesecake back in April 2020, when the pandemic was just beginning. AmeriSpec is a leading franchisor and provider of residential and commercial real estate inspection services. The Company provides a comprehensive suite of services primarily to retail, fleet, and industrial consumers. Who is corner bakery owned by? Corner Bakery Files for Bankruptcy Protection As Office Worker Later on, it was sold to the Roark Capital Group back in 2010. Number 8860726. Franchise Systems, an Atlanta-based hotel franchisor that began with one brand and 22 hotels in nine states. Jul 22, 2013, 08:00 ET. The company is in growth mode, targeting eight to 10 new openings a year. Email this Business. You don't drive past their logos every time you leave the house. . Maintaining Automated Tests in TAF for V1 platform for API testing McAlister's is a franchise chain of quick casual restaurants offering a variety of sandwiches, salads, soups, wraps and desserts. Is Arby's Roast Beef real or processed meat? Driven manages a family of automotive brands including ABRA, CARSTAR, Maaco, Meineke, Take 5, Uniban, 1-800 Radiator, and others. Few of Arbys issues were present at CKE, which was acquired from private equity firm Apollo Global Management. Environmental, Social and Governance (ESG), HVAC (Heating, Ventilation and Air-Conditioning), Machine Tools, Metalworking and Metallurgy, Aboriginal, First Nations & Native American. from 8 AM - 9 PM ET. Roark Capital Group Contact: Debra Vilchis Fishman Public Relations 847-945-1300 [emailprotected], Cision Distribution 888-776-0942 Mar 30, 2016, 11:48 ET. 1180 Peachtree Street NE Massage Envy is the leading provider of therapeutic massage and skincare services in the U.S. 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. Some investors, including university endowments and investment managers, have invested in all three, a sign of Roarks performance. 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. 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. 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. 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. In its 13 years in existence, Roark has sold only three companies. AmeriSpec is a leading franchisor and provider of residential and commercial real estate inspection services. Arby's owner Roark gobbles up Buffalo Wild Wings for $2.4 billion Was decided. ServiceMaster Brands is the parent company of ServiceMaster Restore, ServiceMaster Clean, Merry Maids, TWO MEN AND A TRUCK, AmeriSpec, and Furniture Medic. Roark Capital Group Affiliates. Will the Fast-Food Dining Room Live On After COVID? 11.16.21 ROARK INVESTMENT Roark Capital Acquires Mathnasium READ MORE . Media ContactBrandi Neloms, Sr. Communications Manager[emailprotected] 704-644-8151, Cision Distribution 888-776-0942 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. Buffalo Wild Wings' Owner Has Diverse Empire - Business Insider We look forward to partnering and helping accelerate their growth plans. As chief financial officer at U.S. Jimmy John's and Rusty Taco parent company has completed its acquisition of Dunkin' Brands Group for $11.3 billion (or . . Cheesecake only franchises abroad, and on a limited basis, and it is positioned squarely in the upper echelon of casual dining. "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. 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. 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. serving 10,000+ campers per year. Naf Naf Grills website lists 39 locations in eight states, including Illinois, Indiana, Minnesota, New Jersey, Ohio, Pennsylvania, Tennessee and Wisconsin. Take 5 Oil Change is the market leader in speed and quality, and is the fastest growing quick lube chain in the country. Roark prides itself on partnering with entrepreneurs and executives who share this vision of growth and success across all stakeholders. 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. Cinnabon is an American chain of bakeries known for their "World Famous Cinnamon Rolls.". Aronson will surrender 47,517 of the common shares to Cheesecake in exchange for $10.4 million in cash. We look first at the brand and the company, he says. 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. 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 is an Atlantabased private equity firm with $33 billion in assets under management. Visit Website. Founded in 1999, KE Camps is the leading operator of day camps for country clubs,
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