It met Roarks expertise then: a franchised business in the hospitality arena. Were growers, not cutters. Founded in 2006, Streamline Brands is a leading franchisor and
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. [10][19] The deal closed on October 18, 2019. Roark Capital-owned Driven Brands targets over $3 bln valuation in IPO. Still, Arbys core attributes lined up for Roark, including the brand differentiation, great history, a large and loyal customer base, good locations, and upside potential. Here's what Roark is offering, and what this means for the company, its shareholders and the struggling restaurant industry. Roark focuses on franchised and multi-unit business models in the retail, restaurant, consumer and business services sectors. While the firm has not sold any of its restaurant companies yet, that time will come. Its two full-service restaurant chains are Il Fornaio and Millers Ale House. Media ContactBrandi Neloms, Sr. Communications Manager[emailprotected] 704-644-8151, Cision Distribution 888-776-0942 ATLANTA OFFICE We are delighted to be a part of the Roark family. Roark also owns nearly a dozen non-eatery franchise businesses. 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. Visit Website. 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. Founded in 1972, Meineke is an automotive aftermarket industry pioneer and leading provider of repair and maintenance services. The franchisees hated the company, says Romaniello, now a Roark managing partner. Jimmy still owns 35%. Sign up here. Founded in 2001, Roark Capital Group is a private equity firm based in Atlanta, Georgia. Meineke provides all regularly scheduled maintenance services, along with repair and replacement of vehicle components. Miller's appears to be in good hands with its current owners. It was founded by Jimmy John Liautaud in 1983 and is headquartered in Champaign, Illinois. 1180 Peachtree Street NE 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. ", "This is a tremendous opportunity for Take 5 Oil Change to grow our business to the next level," said Graham. Youll see us sell some companies over time, and youll see us take some companies public. regarding PitchBook Data's products. Environmental, Social and Governance (ESG), HVAC (Heating, Ventilation and Air-Conditioning), Machine Tools, Metalworking and Metallurgy, Aboriginal, First Nations & Native American. The stake will be controlled by Roark founder and managing partner Neal Aronson, according to securities documents filed Monday. 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. Roark Capital Group acquired 81.5% of Arby's Restaurant Group in July 2011 and is now a majority-owner of Inspire Brands. While the chain has over 1,700 locations around the world with thousands of employees and owners, Wingstop was sold to Roark Capital Group in 2010 and went public in 2015. Merry Maids is a leading franchisor and provider of home cleaning services. [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. (417) 334-3196. We want to partner with entrepreneurs and executives who share this vision. Who is the CEO of Sonic? Affiliates of Roark Capital Group have sold the Dallas-based Corner Bakery Cafe brand to Pandya Restaurant Growth Brands LLC, the companies said Thursday. NEW YORK OFFICE Known as 'America's Bodyshop', Maaco is a leading provider of auto painting and light collision repair services. 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Were just not big believers in shortcuts, Aronson says. Roark Portfolio Employees Assistance Fund. Theyre very entrepreneurial., Besides, he says, theyre just plain good guys.. CARSTAR is the largest franchise network of automotive collision repair shops in North America. Founded in 1999, KE Camps is the leading operator of day camps for country clubs,
Furniture Medic is a global leader and franchisor in the furniture repair and restoration industry. Founded in 1983, Jimmy John's offers high-quality sandwiches with rapid preparation. [8] Inspire Brands is majority-owned by affiliates of Roark Capital Group. Naf Naf Grill and an investor group bought out the minority ownership of Roark Capital. Baseball Academy (Youth Enrichment Brands), U.S. Sports Camps (Youth Enrichment Brands), Roark portfolio company, Youth Enrichment Brands, acquires i9 Sports. He has conviction, passion, unbelievable honesty, openness, and hes loyal and trustworthy. Phone (404) 591-5200 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. Its holdings in the restaurant industry include investments in Arby's, Corner Bakery, Jimmy John's, Wingstop and FOCUS Brands, which owns chains such as Cinnabon and Schlotzsky's. As chief financial officer at U.S. CKE is one of the world's largest franchisors and operators of quick-service restaurants under the Carls Jr. and Hardees brand banners. About Take 5 Oil ChangeTake 5 Oil Change has been serving customers for more than 30 years. Merry Maids is a leading franchisor and provider of home cleaning services. 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. Finally, in 2015, the final answer to the previous question, who owned Wingstop? Stronger U is a digital, personalized nutrition-based health coaching services brand. The deals became larger and more diversefast-casual, full-service, and quick-service restaurants, including some with company-owned units, not just franchisees. So far, it seems the risk is paying off. Schlotzsky's is a chain of quick casual restaurants offering made-to-order sandwiches, soups, salads and pizza. 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. [21][22] The acquisition was completed on December 15, 2020. Roark Capital | 12,241 followers on LinkedIn. Is Arby's Roast Beef real or processed meat? What are the characteristics of that concept? Founded in 1988, U.S. 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. You can unsubscribe at any time by clicking on the unsubscribe link at the bottom of our emails. www.roarkcapital.com, Roark This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. 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. 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. Roark has acquired. Mathnasium is a leading franchisor of math learning centers with over 1,000 locations across 46 states and 12 countries. What company owns Jimmy Johns? Fax (212) 518-2028 The Company provides a comprehensive suite of services primarily to retail, fleet, and industrial consumers. 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. . In its 13 years in existence, Roark has sold only three companies. us for more details. The numbers on this page are based on contributions of $200 or more from PACs and individuals to federal candidates and from PAC, individual and soft . Orangetheory Fitness is one of the largest and fastest growing franchisors in the studio-based fitness market. We believe that successful partnerships begin with providing a compelling value proposition to all business constituencies. 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. Self Esteem Brands is the parent company of Anytime Fitness, Basecamp Fitness, The Bar Method, Waxing the City, Stronger U, and Healthy Contributions. 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. Bill Derwin, CEO of ICWG, said, "Roark brings a deep understanding of the consumer and an operational expertise that complements our business. The Company focuses on management of buy-outs, acquisitions, mergers, recapitalizations, restructuring . Environmental, Social and Governance (ESG), HVAC (Heating, Ventilation and Air-Conditioning), Machine Tools, Metalworking and Metallurgy, Aboriginal, First Nations & Native American. US Sports Camps is the nations leading youth sports camp company, serving more than 100,000 campers across 1,200+ camps in 48 states. Win whats next. Founded in Germany in 1965, the Company has solidified its position as the international market leader, developing an extensive network of more than 750 car wash locations across Europe and more than 100 car wash locations in the U.S. ICWG's focus on express-service style operations appeals to a broad base of consumers seeking a quick and high quality wash at an affordable price. Later acquisitions were made with capital from the second and third investment funds. Roark focuses on franchised and multi-unit business models in the retail, restaurant, consumer and business services sectors. CKE is one of the world's largest franchisors and operators of quick-service restaurants under the Carls Jr. and Hardees brand banners. Inspire operates Support Centers in Atlanta, Oklahoma City, Champaign, Minneapolis, and Canton, Massachusetts. Orangetheory Fitness is one of the largest and fastest growing franchisors in the studio-based fitness market. 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. 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. Im not sure Id call ourselves experts at this point, but we certainly have a lot of years of study, learning about the industry and through our experiences.. . Rating. 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. If the series of financial moves are completed as expected on June 15, Roark's interest in Cheesecake will be reduced to 2.4 million shares of common stock, or 4.6% of total shares outstanding. These are very smart people, he says. Through its ownership of Fox Restaurant Group, a concept incubator, it also holds the rights to develop Flower Child, Culinary Dropout, Fly Bye and a host of other small brands. Atlanta-based private-equity Roark Capital Group invested in the concept in 2015. 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. None were restaurants. AmeriSpec is a leading franchisor and provider of residential and commercial real estate inspection services. How a young private equity firm came to own 16 restaurant brands with $11 billion in systemwide sales. 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. 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. Arby's owner Roark Capital Group said on Tuesday it would buy Buffalo Wild Wings Inc <BWLD.O> for $2.4 billion, . An arm of Atlanta-based Roark Capital Group plans to buy ServiceMaster Brands for $1.55 billion within 30 to 60 days. There was talent at Carvel that Cinnabon could benefit from, and talent at Cinnabon that Carvel could use.. Roark Capital Group General Information. The buyback more than doubled Roark's initial investment. 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. That's because we've stayed true to our core beliefs, our approach to investing and our commitment to community. Culver's is a family-favorite restaurant known for their ButterBurgers, Fresh Frozen Custard & Wisconsin Cheese Curds. It takes time to build a really good company, to make it sustainable, and make the growth something thats long term.. . Roark Capital Acquires Fitness Connection. 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. A winwinwin approach leads to a positive business environment where all stakeholders customers, employees, franchisees, strategic partners, service providers, management and shareholders share in the growth and success of our businesses. Fax (404) 591-5201 Aronson will surrender 47,517 of the common shares to Cheesecake in exchange for $10.4 million in cash. ABRA is a leading network of franchised automotive collision repair shops. 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. We learn a lot from every company we evaluate, and then as we work with the companies., Making an acquisition is just the ticket to play, he adds. Fax (212) 518-2028 Founded in 1984, Take 5 Oil Change operates 65 quick oil change facilities across nine states throughout the Southeast. We look first at the brand and the company, he says. Phone (404) 591-5200 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. International House of Pancakes, LLC is a wholly-owned subsidiary of Dine Brands Global (NYSE: DIN). They are an extremely knowledgeable group, he says, noting that the firms buy-and-hold philosophy is important to him as a lender and franchisee. 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. We dont know when yet, but it will happen, he says. 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. Responsibilities. Roark Capital Group owns other dining-out favorites, including Arby's, Auntie Anne's, Cinnabon, Carvel Ice Cream, Moe's Southwest Grill, and Wingstop. Morningstar Institutional Equity Research. Fitness Connection is a leading player in the "High Value, Low Price (HVLP)" segment of the fitness industry. Massage Envy is the leading provider of therapeutic massage and skincare services in the U.S. He refuses to follow fads, trends, or popularity. Inspire operates Support Centers in Atlanta, Oklahoma City, Champaign, Minneapolis, and Canton, Massachusetts. 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. Was decided. Roark Capital Group serves customers in the United States. Neal Aronson founded Roark Capital in . I called Neal and said, What have you gotten me into? Romaniello says. 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. 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. Franchise Systems, an Atlanta-based hotel franchisor that began with one brand and 22 hotels in nine states. "Take 5 Oil Change is an ideal addition to our portfolio of brands. Youth Enrichment Brands encompasses US Sports Camps, i9 Sports, Streamline Brands, and U.S. 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. 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 . ATLANTA, Oct. 4, 2017 /PRNewswire/ --Roark Capital Group, an Atlanta-based private equity firm focused on multi-unit consumer businesses, announced today that its affiliate has closed on the previously announced acquisition of UK-based International Car Wash Group from TDR Capital LLP. 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. McAlister's is a franchise chain of quick casual restaurants offering a variety of sandwiches, salads, soups, wraps and desserts. Their total assets, however, are around $250 million. 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. Today, we're one of the world's largest investment management organizations, managing $2.2 trillion.*. Roark Capital founder Neal Aronson has helped the firm grow to include several premier quick-service companies, including CKE and Arbys. 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. Private equity often involves deals of dizzying size to buy companies your average consumer has never heard of. Roark prides itself on being a trusted partner for management and business owners. The company, which was sold by Roark Capital Group to Pandya Restaurant Growth Brands in October 2020, has two locations in San Antonio, Texas. Phone (212) 806-6000 Roark has plenty of capital now for its companies needs and to make additional acquisitions, but Aronson can see a fourth private equity fund down the road. He now owns the Gulfstream G-IV with registration . Site Map | Search | Terms of Use | Privacy Policy | Accessibility, Roark 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. Our Core Values have always guided the ways we support our people, businesses, and community, and guide us in how we Invest in Good. Roark focuses on investments in consumer and business service companies, with a specialization in franchise and franchise-like business models. A massive private equity firm, Atlanta-based Roark owns varied franchise brands including Anytime Fitness and Massage Envy, along with Inspire Brands and Focus . Later on, it was sold to the Roark Capital Group back in 2010. 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. Aronson launched the firm in 2001 and named it for Howard Roark, the protagonist architect in Ayn Rands novel, The Fountainhead. For more information, please visit www.roarkcapital.com. Auntie Anne's menu includes hand-rolled soft pretzels baked in-store, Pretzel Nuggets, beverages (including signature lemonade) and Pretzel Dogs. Driven Brands is the largest automotive services company in North America. 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. | Roark is an Atlantabased private equity firm with $35 billion in assets under management. At Roark, we believe the best way to create value is to form a close partnership with outstanding operating executives and a value-added Board of Directors. With this acquisition, Driven Brands continues to expand its Quick Lube division, which also includes Pro Oil Change and Driven Florida Lubes. Author has 4.2K answers and 3.1M answer views. 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. They are like the Warren Buffett of restaurants.. In 1995, he helped launch U.S. Jamba is a category-leading smoothie and juice chain that offers a variety of high quality smoothies, juices, bowls and other products. Uniban is a leading network of glass repair and replacement service centers across North America. All of those characteristics have helped turn Roark into one of the biggest influencers in the quick-service industry. As a private equity company, we will need to, and will divest companies, Aronson says. Fax (404) 591-5201 Roark Capital Group finalized its deal to acquire Buffalo Wild Wings for $2.9 billion on February 5. Global network of franchises providing janitorial services, carpet cleaning, hard surface floor care, tile and grout cleaning, and upholstery cleaning. By the end of the first year under Roark leadership, 21 new menu items were added. Founded in 2006, Streamline Brands is a leading franchisor and
When the company was sold in 2000, it had three brands and some 500 hotels in all 50 states and five countries. 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. 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.