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. Inspire Brands is the franchisor and operator of the Arbys, Buffalo Wild Wings, Jimmy Johns, SONIC, Dunkin, and Baskin Robbins brands. Cheesecake operates its namesake brand and a high-volume Italian casual concept called North Italia. 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. Lines and paragraphs break automatically. Mar 30, 2016, 11:48 ET. Known as 'America's Bodyshop', Maaco is a leading provider of auto painting and light collision repair services. It was the public. CKE is one of the world's largest franchisors and operators of quick-service restaurants under the Carls Jr. and Hardees brand banners. ", "This is a tremendous opportunity for Take 5 Oil Change to grow our business to the next level," said Graham. ABRA is a leading network of franchised automotive collision repair shops. The transaction will apparently not cost Paul Ginsberg, Roark Capitals president, his seat on Cheesecakes board. See Neal K Aronson's compensation, career history, education, & memberships. Aronson launched the firm in 2001 and named it for Howard Roark, the protagonist architect in Ayn Rands novel, The Fountainhead. [16], Inspire Brands on September 25, 2018 announced that it was buying Oklahoma City-based Sonic Drive-In for $2.3 billion. Founded in 2006, Streamline Brands is a leading franchisor and
Most compete in the quick-service sector, far downmarket from Cheesecakes turf. 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. 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.. 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. Environmental, Social and Governance (ESG), HVAC (Heating, Ventilation and Air-Conditioning), Machine Tools, Metalworking and Metallurgy, Aboriginal, First Nations & Native American. Auntie Anne's menu includes hand-rolled soft pretzels baked in-store, Pretzel Nuggets, beverages (including signature lemonade) and Pretzel Dogs. Flower Child is a growing, fast casual restaurant offering a customizable menu, made fresh from scratch, featuring locally-sourced, all-natural and organic ingredients. Who owns capital music group? ATLANTA, Feb. 4, 2019 /PRNewswire/ -- Roark Capital, an Atlanta -based private equity firm focused on investing in multi-unit businesses, announced today . The Bar Method is a leading low-impact studio fitness franchise with locations across the US and Canada. Massage Envy is the leading provider of therapeutic massage and skincare services in the U.S. The Company focuses on management of buy-outs, acquisitions, mergers, recapitalizations, restructuring . I called Neal and said, What have you gotten me into? Romaniello says. In 1995, he helped launch U.S. Visit Website. We look first at the brand and the company, he says. Fax (404) 591-5201 Since inception, affiliates of Roark have acquired 105 franchise/multilocation brands which generate approximately $70 billion in system revenues from ~67,700 locations located in 50 states and 89 countries. 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. For more information visit www.roarkcapital.com. See our history. Roark Capital Group Contact: Debra Vilchis Fishman Public Relations 847-945-1300 [emailprotected], Cision Distribution 888-776-0942 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. Similar Questions. 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. Roark differs in many ways from other private equity companies. 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. Youll see us sell some companies over time, and youll see us take some companies public. 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. Arby's owner Roark Capital Group said on Tuesday it would buy Buffalo Wild Wings Inc <BWLD.O> for $2.4 billion, . 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. Founded in 2001, Roark Capital Group is a private equity firm based in Atlanta, Georgia. 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 firings came Roark also owns nearly a dozen non-eatery franchise businesses. Anytime Fitness is the largest fitness franchise in the world, with gym facilities open 24 hours a day, 365 days a year. At Roark, that patience is being tested with Arbys. Stronger U is a digital, personalized nutrition-based health coaching services brand. Franchisees trust in the owners rose dramatically. International House of Pancakes, LLC is a wholly-owned subsidiary of Dine Brands Global (NYSE: DIN). [11] Brown expected that Inspire would acquire additional chains in different segments. Theyre all different, and so I think weve gotten better at it, he says. Meineke provides all regularly scheduled maintenance services, along with repair and replacement of vehicle components. Founded in 2006, Streamline Brands is a leading franchisor and
Fitness Connection is a leading player in the "High Value, Low Price (HVLP)" segment of the fitness industry. Who owns Miller's Ale House? Previously, Okeson was a partner at Alston & Bird LLP in Atlanta, Georgia, where he spent 15 years specializing in corporate governance, mergers and acquisitions . There hadnt been a new flavor in five years or a new product in eight. The purchases were financed primarily through Roarks first private equity fund. Inspire Brands is a privately owned equity company that falls under the management of Roark Capital Group . Moe's Southwest Grill is the neighborhood burrito place offering flavorful Southwestern fare with a healthy twist. US Sports Camps is the nations leading youth sports camp company, serving more than 100,000 campers across 1,200+ camps in 48 states. Roark prides itself on partnering with entrepreneurs and executives who share this vision of growth and success across all stakeholders. 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. Driven Brands is the largest automotive services company in North America. Most of Carvels resources had been diverted to its supermarket business, which angered franchisees. We want to partner with entrepreneurs and executives who share this vision. Roark Capital Group , an Atlanta-based private equity firm, acquired Miller's Ale House, a growing casual dining restaurant chain, from owners Jack Miller, KarpReilly and SKM Equity Fund III. ATLANTA OFFICE Baseball Academy brings together college and high school coaches to provide camp programs to aspiring baseball and softball players across the United States. The stake will be controlled by Roark founder and managing partner Neal Aronson, according to securities documents filed Monday. 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. Cinnabon is an American chain of bakeries known for their "World Famous Cinnamon Rolls.". Howard Roarks characteristics led to Roark Capitals 12 core values, including commitment, integrity, collaboration, and accountability. Naf Naf Grills website lists 39 locations in eight states, including Illinois, Indiana, Minnesota, New Jersey, Ohio, Pennsylvania, Tennessee and Wisconsin. The private-equity firm helped turn around Arby's after buying a majority stake in 2011. 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. 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. 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. Auntie Anne's menu includes hand-rolled soft pretzels baked in-store, Pretzel Nuggets, beverages (including signature lemonade) and Pretzel Dogs. 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. 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. These are very smart people, he says. Suite 2500 Roark focuses on franchised and multi-unit business models in the retail, restaurant, consumer and business services sectors. Youth Enrichment Brands encompasses US Sports Camps, i9 Sports, Streamline Brands, and U.S. Who owns roark capital group? 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. Maintaining Automated Tests in TAF for V1 platform for API testing For more information visit www.take5oilchange.com. Sign up to receive texts from Restaurant Business on news and insights that matter to your brand. It was founded by Jimmy John Liautaud in 1983 and is headquartered in Champaign, Illinois. Elane served as Group President of Kimberly-Clark International and Global President of Kimberly . serving 10,000+ campers per year. 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. New York, NY 10022 The boardroom at Roark Capital Groups 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. [9][10], Inspire Brands was formed when Arby's Restaurant Group merged with Buffalo Wild Wings on February 5, 2018. Neal K Aronson is Managing Partner/Founder at Roark Capital Group. 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. [8] Inspire Brands is majority-owned by affiliates of Roark Capital Group. Article continues below . Franchise Systems, an Atlanta-based hotel franchisor that began with one brand and 22 hotels in nine states. Number 8860726. The securities filing states that Aronson will have the discretion to manage the shares as he sees fit. 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 reacquiring most of the equity stake held by Buffalo Wild Wings parent Roark Capital in a transaction valued at $457.3 million. When Darden sold Red Lobster in 2014, it was to Golden Gate Capital, who also owned Romano's Macaroni Grill from 2008 to 2013. Suite 2500 Site Map | Search | Terms of Use | Privacy Policy | Accessibility, Roark 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. Luther is Arbys chairman. www.roarkcapital.com. Nov 2009 - Dec 202213 years 2 months. Jimmy John's is one of the largest sandwich chains in the US. Baseball Academy. The brand offers 8- and 10-inch bundt cakes, Bundtlets and Bundtinis in multiple flavors that are hand-crafted and baked on-site. 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Join the more than 1.5 million industry professionals who get our daily newsletter! B-Dubs might be going private. 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. Basecamp Fitness is a growing network of fitness studios featuring high-intensity and high-energy workout sessions. They keep their companies autonomous, but they understand how to control costs and focus on getting the profit margins up.. [11][12] Arby's CEO Paul Brown was selected to continue as Inspire Brands CEO. 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. What are the characteristics of that concept? . Affiliates of Roark Capital Group have sold the Dallas-based Corner Bakery Cafe brand to Pandya Restaurant Growth Brands LLC, the companies said Thursday. Known as 'America's Bodyshop', Maaco is a leading provider of auto painting and light collision repair services. Cinnabon is an American chain of bakeries known for their "World Famous Cinnamon Rolls.". Take 5 is a leading provider of oil change services through a convenient drive-thru format with fast, friendly customer experience. Latest Addition to Driven Brands Strengthens Leadership Position in Automotive Aftermarket Services Industry. 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. Cheesecake opted to trade 200,000 shares of preferred stock to Roark for $200 million. This outlook helps makes Roark successful, says Lex Lane, Wingstop franchisee and vice president and business development officer at United Capital Business Lending in suburban Baltimore. Private-equity firm had taken minority stake in fast-casual Middle Eastern concept in 2015, 2023 Informa USA, Inc., All rights reserved, NRN editors talk about the NRAs recent report, what happens when children are banned from restaurants, and celebrity marketing, Duffys Sports Grill Mastered Gift Cards in a Flash, Examining new ways to collect restaurant guest data, It's time to Roll Up to Win at Tim Hortons with exciting new prizes, Subway opens new dual headquarters building in Miami, Menu Tracker: New items from Burger King, KFC, and Chipotle, San Diegos Trust Restaurant Group drives retention, innovation with culture of yes, Nations Restaurant News launches new CREATE Roadshow event series, Allowed HTML tags: . It comes down to a few basic principles treat everyone the way you want to be treated, always do what you say, and always do what is right and long-term smart regardless of conventional wisdom, even when its really hard and when no one is looking. Who is corner bakery owned by? By the end of the first year under Roark leadership, 21 new menu items were added. The fast-casual chain started in 1991 in Chicago and launched a franchising program in 2007. If you work your tail off and follow the rules, you can be successful. 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 . If its franchising, it better be great unit-level economics, or a franchisee would never get involved in it.. When the company was sold in 2000, it had three brands and some 500 hotels in all 50 states and five countries. They did some digging, and went straight to the source: Arby's Quality Assurance. 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. 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. 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 . 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. . 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. Theres also Green Burrito and Red Burrito, which cobrand with some Carls Jr. and Hardees, while Roark also franchises Seattles Best Coffee internationally. Driven Brands is the largest automotive services company in North America. Our team will review your remarks prior to publishing. operator of swim schools for children of all ages, serving over 150,000 swimmers per year. Driven Brands Holdings Inc, one of the largest U.S. auto services franchisers, is looking to raise as much as $760 million . Self Esteem Brands is the parent company of Anytime Fitness, Basecamp Fitness, The Bar Method, Waxing the City, Stronger U, and Healthy Contributions. Registered in England and Wales. 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. Description. McAlister's is a franchise chain of quick casual restaurants offering a variety of sandwiches, salads, soups, wraps and desserts. For more information, please visit www.roarkcapital.com. After the hotel business was sold, one of Aronson's mentors, Odyssey Partners cofounder Jack Nash, encouraged him to try his hand at private equity. Wingstop decided to go entirely public with an IPO (Initial Public Offering) of $19 for a share. CKE is one of the world's largest franchisors and operators of quick-service restaurants under the Carls Jr. and Hardees brand banners. GROUP. 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. Phone (212) 806-6000 Founded in 1988, U.S. When I talked to Jack, he yelled at me and shamed me into starting Roark, Aronson says. For more information, visit www.DrivenBrands.com. serving 10,000+ campers per 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. 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. CARSTAR is the largest franchise network of automotive collision repair shops in North America. "Arby's Restaurant Group" redirects here. Schlotzsky's is a chain of quick casual restaurants offering made-to-order sandwiches, soups, salads and pizza. 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. Finally, in 2015, the final answer to the previous question, who owned Wingstop? Phone (212) 806-6000 Roark NEW YORK OFFICE 540 Madison Ave 37th Floor New York, NY 10022 Phone (212) 806-6000 Fax (212) 518-2028 www.roarkcapital.com Atlanta-based private-equity Roark Capital Group invested in the concept in 2015. Anytime Fitness is the largest fitness franchise in the world, with gym facilities open 24 hours a day, 365 days a year. For 91 years, we've been helping people take control of their financial futures. Founded in 1965, ICWG is the world's largest conveyor car wash company currently operating in 14 countries around the globe, washing more than 35 million cars every year through a network of more than 900 locations. 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. 1180 Peachtree Street NE The company is in growth mode, targeting eight to 10 new openings a year. Furniture Medic is a global leader and franchisor in the furniture repair and restoration industry. Ron Ruggless | Oct 29, 2020. Take 5 Oil Change is the market leader in speed and quality, and is the fastest growing quick lube chain in the country. Jimmy John's Franchise, LLC is an American franchised sandwich fast food restaurant chain owned by Inspire Brands. He has conviction, passion, unbelievable honesty, openness, and hes loyal and trustworthy. 37th Floor Author has 4.2K answers and 3.1M answer views. 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 the announcement, ServiceMaster says: "The transaction will position the . Do not sell my personal infoPrivacy PolicyContact UsRSS, Cheesecake Factory buys most of Roark's stake for $457M. [17] The acquisition was completed on December 7, 2018. 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. The buyback more than doubled Roark's initial investment. Aronson began his career in investment banking and private equity in New York, working for several firms, including hedge fund Odyssey Partners. Founded in 1972, Meineke is an automotive aftermarket industry pioneer and leading provider of repair and maintenance services. Our goal is to be the preferred capital source for private equity solutions by earning the respect of everyone we interact with. Later on, it was sold to the Roark Capital Group back in 2010. [10][19] The deal closed on October 18, 2019. All rights reserved. www.roarkcapital.com, Roark ATLANTA OFFICE RB AMERICAN. New York, NY 10022 That is part of our obligation to our investors.. Global network of franchises providing janitorial services, carpet cleaning, hard surface floor care, tile and grout cleaning, and upholstery cleaning. 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. 540 Madison Ave 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. Affiliates of Roark Capital Group have sold the Dallas-based Corner Bakery Cafe brand to Pandya Restaurant Growth Brands LLC, the companies said Thursday.