Greenwood Village, CO. Leeds West Groups (LWG) was founded in 2009 by current CEO and Board Member Judd Shader and is . He has conviction, passion, unbelievable honesty, openness, and hes loyal and trustworthy. 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. 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. Luther is Arbys chairman. They have perfected their processes and deliver industry leading customer service. Atlanta, Georgia 30309 The fast-casual chain started in 1991 in Chicago and launched a franchising program in 2007. Furniture Medic is a global leader and franchisor in the furniture repair and restoration industry. 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. Merry Maids is a leading franchisor and provider of home cleaning services. Cheesecake opted to trade 200,000 shares of preferred stock to Roark for $200 million. Roark Capital Group Affiliates. 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: . 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. 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. [14] In September 2018, Inspire had the 27-location R Taco reverted to the Rusty Taco name. An arm of Atlanta-based Roark Capital Group plans to buy ServiceMaster Brands for $1.55 billion within 30 to 60 days. Flower Child is a growing, fast casual restaurant offering a customizable menu, made fresh from scratch, featuring locally-sourced, all-natural and organic ingredients. For over 30 years, Culvers guests have been treated to cooked-to-order food made with farm-fresh ingredients, served with a smile. U.S. Roark Capital Group is an American private equity firm with over $33 billion in assets under management. By the end of the first year under Roark leadership, 21 new menu items were added. When typing in this field, a list of search results will appear and be automatically updated as you type. Latest Addition to Driven Brands Strengthens Leadership Position in Automotive Aftermarket Services Industry. Roark ATLANTA OFFICE 1180 Peachtree Street NE Suite 2500 Atlanta, Georgia 30309 Phone (404) 591-5200 Fax (404) 591-5201 www.roarkcapital.com. Phone (404) 591-5200 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. About Take 5 Oil ChangeTake 5 Oil Change has been serving customers for more than 30 years. In the early days, there were real synergies and reasons to put companies together in Focus, says Hill, who became Cinnabons president. Private equity often involves deals of dizzying size to buy companies your average consumer has never heard of. [8] Inspire Brands is majority-owned by affiliates of Roark Capital Group. www.roarkcapital.com, Roark It met Roarks expertise then: a franchised business in the hospitality arena. Thats key. 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. You can unsubscribe at any time by clicking on the unsubscribe link at the bottom of our emails. 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. . Uniban is a leading network of glass repair and replacement service centers across North America. Our Core Values have always guided the ways we support our people, businesses, and community, and guide us in how we Invest in Good. Although CKE has debtthe company refinanced $1 billion last yearAronson says its very manageable. 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. Founded in 1975 and headquartered in San Rafael, CA, US Sports camps is the licensed operator of Nike Sports Camps. Suite 2500 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. 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. When I talked to Jack, he yelled at me and shamed me into starting Roark, Aronson says. Driven manages a family of automotive brands including ABRA, CARSTAR, Maaco, Meineke, Take 5, Uniban, 1-800 Radiator, and others. Roark is an Atlantabased private equity firm with $33 billion in assets under management. Members help make our journalism possible. Their total assets, however, are around $250 million. That's because we've stayed true to our core beliefs, our approach to investing and our commitment to community. serving 10,000+ campers per year. Contact Ron Ruggless at [emailprotected], /sites/all/themes/penton_subtheme_nrn/images/logos/footer.png. 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. 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 . Romaniello became the operating partner, and Hill was added as vice president of franchising and foodservice. 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 . Please RB AMERICAN. Were growers, not cutters. He now owns the Gulfstream G-IV with registration . Lines and paragraphs break automatically. Neal K Aronson is Managing Partner/Founder at Roark Capital Group. We want to partner with entrepreneurs and executives who share this vision. When typing in this field, a list of search results will appear and be automatically updated as you type. In the announcement, ServiceMaster says: "The transaction will position the . We look first at the brand and the company, he says. Site Map | Search | Terms of Use | Privacy Policy | Accessibility, Roark 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. See our history. Site Map | Search | Terms of Use | Privacy Policy | Accessibility, Roark In 2006, Brinker sold the company ( but still owns Maggiano's ), and Corner Bakery Cafe began franchising a year later. Romaniello and Hill say Arbys had started to turn around when Roark made the acquisition, but Aronson is more blunt in his assessment of the company, which was part of the Wendys/Arbys Group, led by investor Nelson Peltzs Triarc Co. Arbys was a messin menu, speed of service, cleanliness, physical box, focus, relationships, strategy, marketing, he says, ticking off the woes. They keep their companies autonomous, but they understand how to control costs and focus on getting the profit margins up.. Nothing Bundt Cakes is a leading franchisor and operator of gourmet bakeries. Phone (404) 591-5200 Youll see us sell some companies over time, and youll see us take some companies public. None were restaurants. Number 8860726. Later acquisitions were made with capital from the second and third investment funds. Inspire Brands and Roark Capital Group own Arby's. The two companies are the parent organizations of Arby's. Inspire Brands is an American holding company and the owner and franchiser of many food industry companies, such as Arby's, Buffalo Wild Wings, Sonic Drive-In, Jimmy John's, Rusty Taco, and others. Roark is now one of the largest holding companies in foodservice, with brands ranging from Auntie Annes to Sonic, Jimmy Johns, Arbys, Moes Southwest Grill, Schlotzskys, Carvel, 50% of Culvers, Millers Ale House and Rusty Taco. from 8 AM - 9 PM ET. Jimmy John's Franchise, LLC is an American franchised sandwich fast food restaurant chain owned by Inspire Brands. Roark managing partner Neal Aronson will retain control of a 4.6% stake. Cheesecake operates its namesake brand and a high-volume Italian casual concept called North Italia. 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,
Driven Brands is the largest automotive services company in North America. So far, it seems the risk is paying off. NEW YORK OFFICE Our name signifies our admiration for the qualities embodied by Howard Roark but, as a firm of diverse viewpoints, it does not signify adherence to any particular political philosophy. www.roarkcapital.com. 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. International Car Wash Group is the world's largest local car wash company, with operations in the U.S., Europe and Australia. Wendy's owns about 18.5 percent of Arby's, with their stake valued at around $325.9 . Founded in 2006, Streamline Brands is a leading franchisor and
The securities filing states that Aronson will have the discretion to manage the shares as he sees fit. While the firm has not sold any of its restaurant companies yet, that time will come. Wingstop decided to go entirely public with an IPO (Initial Public Offering) of $19 for a share. 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. For over 30 years, Culvers guests have been treated to cooked-to-order food made with farm-fresh ingredients, served with a smile. Driven manages a family of automotive brands including ABRA, CARSTAR, Maaco, Meineke, Take 5, Uniban, 1-800 Radiator, and others. 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. The Take 5 Oil Change management team will remain at the helm, and the headquarters will remain in New Orleans. Theres also Green Burrito and Red Burrito, which cobrand with some Carls Jr. and Hardees, while Roark also franchises Seattles Best Coffee internationally. US Sports Camps offering spans 19 different physical sports, Esports, and academic programs for campers ranging from 6 to 18 years old. [21][22] The acquisition was completed on December 15, 2020. Nation's Restaurant News is part of the Informa Connect Division of Informa PLC. 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. The remaining 50,000 preferred Cheesecake shares will be converted to 2,448,381 common shares of the casual-dining company. International Car Wash Group is the world's largest local car wash company, with operations in the U.S., Europe and Australia. RB American is the largest Arby's franchisee, operating 370 restaurants across 9 states. Inspire Brands is a privately owned equity company that falls under the management of Roark Capital Group . GROUP. 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. Inspire Brands is the franchisor and operator of the Arbys, Buffalo Wild Wings, Jimmy Johns, SONIC, Dunkin, and Baskin Robbins brands. Founder & Chief Executive Officer. 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 is part of our obligation to our investors.. 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 Capital Group Contact: Debra Vilchis Fishman Public Relations 847-945-1300 [emailprotected], Cision Distribution 888-776-0942 When the company was sold in 2000, it had three brands and some 500 hotels in all 50 states and five countries. Most compete in the quick-service sector, far downmarket from Cheesecakes turf. The following year, Focus Brands was formed to hold Roarks foodservice acquisitions. The Chicago-based company did not disclose terms of the deal or the identity of the investor group. US Sports Camps is the nations leading youth sports camp company, serving more than 100,000 campers across 1,200+ camps in 48 states. The latest from Restaurant Business, sent straight to your inbox. Will the Fast-Food Dining Room Live On After COVID? Merry Maids is a leading franchisor and provider of home cleaning services. For more information, visit www.DrivenBrands.com. 403 Veterans Blvd. 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. As the Atlanta-based private equity firm that owns Massage Envy, Roark Capital Group published a plan in 2017 to address the . Take 5 Oil Change is the market leader in speed and quality, and is the fastest growing quick lube chain in the country. Founded in 1988, U.S. 1-800 Radiator is the largest franchised automotive parts distributor in North America. 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. About Roark Capital Group. New York, NY 10022 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. NEW YORK OFFICE Inspire Brands is majority-owned by affiliates of Roark Capital Group. 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. 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. International House of Pancakes, LLC is a wholly-owned subsidiary of Dine Brands Global (NYSE: DIN). For 91 years, we've been helping people take control of their financial futures. That is where this country has been built, because 65 percent of the job growth for 15 years leading up to the recession came from those people who built a store, then a second store, then a third.. 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. 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. Arby's owner Roark Capital Group said on Tuesday it would buy Buffalo Wild Wings Inc <BWLD.O> for $2.4 billion, . Roark focuses on middle market investment opportunities through family-owned business transfers, management and corporate buyouts . Auntie Anne's menu includes hand-rolled soft pretzels baked in-store, Pretzel Nuggets, beverages (including signature lemonade) and Pretzel Dogs. Today, we're one of the world's largest investment management organizations, managing $2.2 trillion.*. In the book, the character doesnt bow to conventional wisdom and is seen as an authentic innovator. Mathnasium is a leading franchisor of math learning centers with over 1,000 locations across 46 states and 12 countries. Orangetheory Fitness is one of the largest and fastest growing franchisors in the studio-based fitness market. 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. 540 Madison Ave Youth Enrichment Brands encompasses US Sports Camps, i9 Sports, Streamline Brands, and U.S. Morningstar Institutional Equity Research. Atlanta, Georgia 30309 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. . Cinnabon and some franchising rights for Seattles Best Coffee were then acquired in 2004. Baseball Academy brings together college and high school coaches to provide camp programs to aspiring baseball and softball players across the United States. The five times weekly e-newsletter that keeps you up-to-date on the latest industry news and additions to this website. . CARSTAR is the largest franchise network of automotive collision repair shops in North America. We want CKE to reach their potential, just like all of Roarks other brands, he says. Win whats next. 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. 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. 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. Roark Capital Group, the owner of restaurant chain Arby's, plans to buy Buffalo Wild Wings for $2.4 billion. It was founded by Jimmy John Liautaud in 1983 and is headquartered in Champaign, Illinois. In 1996 Take 5 designed the first "5 Minute Drive-Thru Oil Change" location. Under the terms of the transaction, affiliates of Roark Capital Group will pay $157 a share for Buffalo Wild Wings, just a few dollars more than the $150 price that the company traded at on the . When Darden sold Red Lobster in 2014, it was to Golden Gate Capital, who also owned Romano's Macaroni Grill from 2008 to 2013. . Founded in 1983, Jimmy John's offers high-quality sandwiches with rapid preparation. Baseball Academy brings together college and high school coaches to provide camp programs to aspiring baseball and softball players across the United States. 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. What company owns Jimmy Johns? Roark Capital Group specializes in franchises in the food service, retail and consumer services industries. Focus added Schlotzskys in 2006, Moes Southwest Grill in 2007, and Auntie Annes in 2010. Finally, in 2015, the final answer to the previous question, who owned Wingstop? With the acquisition of ICWG, affiliates of Roark have acquired 61 multi-unit brands which combined generate annual system revenues of approximately $25 billion from 28,000 locations in 50 states and 78 countries. I called Neal and said, What have you gotten me into? Romaniello says. Elane served as Group President of Kimberly-Clark International and Global President of Kimberly . | Roark is an Atlantabased private equity firm with $35 billion in assets under management. Roark Capital Group, that currently owns the Schlotzsky's, Carvel, Cinnabon, Moe's Southwest Grill, McAlister's Deli, Auntie Anne's and Jamba brands. www.roarkcapital.com. Affiliates of Roark Capital Group have sold the Dallas-based Corner Bakery Cafe brand to Pandya Restaurant Growth Brands LLC, the companies said Thursday. "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. 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. Started in Jupiter, FL in 1988 by husband and wife team Jack and Claire Miller, Miller's Ale House is a sports-themed full service restaurant that offers an extensive menu of freshly prepared food and top-quality drinks. Roark bought control of Arbys for $430 million in cash and debt, despite 2010 results that one analyst dubbed amongst the worst in modern restaurant history.. Few of Arbys issues were present at CKE, which was acquired from private equity firm Apollo Global Management. Similar Questions. 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. The transaction will apparently not cost Paul Ginsberg, Roark Capitals president, his seat on Cheesecakes board. 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. 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. The company, which was sold by Roark Capital Group to Pandya Restaurant Growth Brands in October 2020, has two locations in San Antonio, Texas. ", Ezra Field, Senior Managing Director and Chief Investment Officer at Roark, said, "ICWG's quick conveyor car wash model provides high-quality washes at an affordable price point that is attractive to today's consumers who demand convenience and value. The Big Take is the very best of Bloomberg's in-depth, original reporting from around the globe every day. The stake will be controlled by Roark founder and managing partner Neal Aronson, according to securities documents filed Monday. . 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. Founded in 1984, Take 5 Oil Change operates 65 quick oil change facilities across nine states throughout the Southeast. [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. B-Dubs might be going private. ", "This is a tremendous opportunity for Take 5 Oil Change to grow our business to the next level," said Graham. Cheesecake only franchises abroad, and on a limited basis, and it is positioned squarely in the upper echelon of casual dining. 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. HOME Orangetheory Fitness is one of the largest and fastest growing franchisors in the studio-based fitness market. READ MORE, Invest in Good is Roarks multi-faceted commitment to long-term social impact initiatives. Global network of franchises providing janitorial services, carpet cleaning, hard surface floor care, tile and grout cleaning, and upholstery cleaning. Sign up here. Others acquire companies, do some financial engineering, and then flip them after a few years. Roark Capital Group finalized its deal to acquire Buffalo Wild Wings for $2.9 billion on February 5. Wingstop has a total market capitalization of a gigantic $4.73 billion! New York, NY 10022 www.roarkcapital.com, Roark Inspire operates Support Centers in Atlanta, Oklahoma City, Champaign, Minneapolis, and Canton, Massachusetts. Cheesecake will then repurchase the stock for $446.9 million. Jimmy John's is one of the largest sandwich chains in the US. The deals became larger and more diversefast-casual, full-service, and quick-service restaurants, including some with company-owned units, not just franchisees.