Roark Capital-owned Driven Brands targets over $3 bln valuation in IPO. [18], Inspire Brands announced that it was buying Jimmy John's on September 25, 2019. Orangetheory Fitness is one of the largest and fastest growing franchisors in the studio-based fitness market. 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. Roark managing partner Neal Aronson will retain control of a 4.6% stake. 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. 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. Mathnasium is a leading franchisor of math learning centers with over 1,000 locations across 46 states and 12 countries. Neal K Aronson is Managing Partner/Founder at Roark Capital Group. 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. Weve been so busy we just havent had the time to put these up yet, says Neal Aronson, Roarks founder and managing partner, smiling down at the frames. We believe that successful partnerships begin with providing a compelling value proposition to all business constituencies. Site Map | Search | Terms of Use | Privacy Policy | Accessibility, Roark Who is the CEO of Sonic? New York, NY 10022 Franchise Systems, an Atlanta-based hotel franchisor that began with one brand and 22 hotels in nine states. If you work your tail off and follow the rules, you can be successful. Who owns Miller's Ale House? Merry Maids is a leading franchisor and provider of home cleaning services. Phone (404) 591-5200 Roark prides itself on being a trusted partner for management and business owners. 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 is majority-owned by affiliates of Roark Capital Group. The brand offers one of the most innovative and diverse menus in the quick-service restaurant industry, with more than 30 unique sandwiches and 8 different types of protein. He is my all-time favorite character in any book, Aronson says. They understand franchising, and they know brands and understand branding. Uniban is a leading network of glass repair and replacement service centers across North America. HOME Jimmy John's is one of the largest sandwich chains in the US. Culver's is a family-favorite restaurant known for their ButterBurgers, Fresh Frozen Custard & Wisconsin Cheese Curds. Who is corner bakery owned by? 2023 PitchBook. Nov 2009 - Dec 202213 years 2 months. Sign up to receive texts from Restaurant Business on news and insights that matter to your brand. 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. Founder & Chief Executive Officer. 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. Who owns roark capital group? Our goal is to be the preferred capital source for private equity solutions by earning the respect of everyone we interact with. 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. Wingstop has a total market capitalization of a gigantic $4.73 billion! There was talent at Carvel that Cinnabon could benefit from, and talent at Cinnabon that Carvel could use.. Nothing Bundt Cakes is a leading franchisor and operator of gourmet bakeries. 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. Jimmy John's Franchise, LLC is an American franchised sandwich fast food restaurant chain owned by Inspire Brands. Nation's Restaurant News is part of the Informa Connect Division of Informa PLC. 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. Romaniello and Hill moved to Roark in 2008 to help with acquisitions and operations. 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. ATLANTA, Feb. 4, 2019 /PRNewswire/ -- Roark Capital, an Atlanta -based private equity firm focused on investing in multi-unit businesses, announced today . 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. 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 . 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. In its 13 years in existence, Roark has sold only three companies. Take 5 Oil Change is the market leader in speed and quality, and is the fastest growing quick lube chain in the country. . 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. Fitness Connection is a leading player in the "High Value, Low Price (HVLP)" segment of the fitness industry. Roark differs in many ways from other private equity companies. 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. The brand offers 8- and 10-inch bundt cakes, Bundtlets and Bundtinis in multiple flavors that are hand-crafted and baked on-site. Roark ATLANTA OFFICE 1180 Peachtree Street NE Suite 2500 Atlanta, Georgia 30309 Phone (404) 591-5200 Fax (404) 591-5201 www.roarkcapital.com. Massage Envy is the leading provider of therapeutic massage and skincare services in the U.S. US Sports Camps is the nations leading youth sports camp company, serving more than 100,000 campers across 1,200+ camps in 48 states. US Sports Camps offering spans 19 different physical sports, Esports, and academic programs for campers ranging from 6 to 18 years old. 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. Auntie Anne's menu includes hand-rolled soft pretzels baked in-store, Pretzel Nuggets, beverages (including signature lemonade) and Pretzel Dogs. The deals became larger and more diversefast-casual, full-service, and quick-service restaurants, including some with company-owned units, not just franchisees. He plans to structure the company similar to Hilton Hotels & Resorts. 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. At Roark, that patience is being tested with Arbys. "Take 5 Oil Change is an ideal addition to our portfolio of brands. The Company provides a comprehensive suite of services primarily to retail, fleet, and industrial consumers. The Company focuses on management of buy-outs, acquisitions, mergers, recapitalizations, restructuring . Founded in 1934, Carvel is the leading manufacturer of branded ice cream cakes in the United States and a top producer of premium soft-serve ice cream. Miscellaneous . Roark is an Atlantabased private equity firm with $33 billion in assets under management. How Roark Capital's Neal Aronson won over franchisees to build a $54 billion fast-food juggernaut with brands like Arby's, Dunkin', and Buffalo Wild Wings. Its two full-service restaurant chains are Il Fornaio and Millers Ale House. Roark has acquired. 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. Rating. Furniture Medic is a global leader and franchisor in the furniture repair and restoration industry. It was founded by Jimmy John Liautaud in 1983 and is headquartered in Champaign, Illinois. To this day, Wingstop is still under the Roark Capital Group. Responsibilities. Were growers, not cutters. Neal Aronson founded Roark Capital in . Registered in England and Wales. Founded in 1999, KE Camps is the leading operator of day camps for country clubs,
Anytime Fitness is the largest fitness franchise in the world, with gym facilities open 24 hours a day, 365 days a year. serving 10,000+ campers per year. 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. 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. Roark Capital Group is an Atlanta-based private equity firm with over $6 billion in equity capital. FOCUS Brands is also the franchisor of Seattle's Best Coffee on certain military bases and in certain international markets. Roark Portfolio Employees Assistance Fund. 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. us for more details. Stronger U is a digital, personalized nutrition-based health coaching services brand. Jimmy still owns 35%. ABRA is a leading network of franchised automotive collision repair shops. Founded in 2006, Streamline Brands is a leading franchisor and
The Chicago-based company did not disclose terms of the deal or the identity of the investor 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. Later acquisitions were made with capital from the second and third investment funds. Roark Capital Acquires Fitness Connection. Howard Roarks characteristics led to Roark Capitals 12 core values, including commitment, integrity, collaboration, and accountability. Ron Ruggless | Oct 29, 2020. If its franchising, it better be great unit-level economics, or a franchisee would never get involved in it.. Morningstar Institutional Equity Research. The remaining 50,000 preferred Cheesecake shares will be converted to 2,448,381 common shares of the casual-dining company. 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. Known as 'America's Bodyshop', Maaco is a leading provider of auto painting and light collision repair services. Our team will review your remarks prior to publishing. CKE is one of the world's largest franchisors and operators of quick-service restaurants under the Carls Jr. and Hardees brand banners. Affiliates of Roark Capital Group have sold the Dallas-based Corner Bakery Cafe brand to Pandya Restaurant Growth Brands LLC, the companies said Thursday. [9] On August 28, 2018, Georgia Governor Nathan Deal announced that Inspire was moving its headquarters to Sandy Springs, Georgia in 2019. It met Roarks expertise then: a franchised business in the hospitality arena. By the end of the first year under Roark leadership, 21 new menu items were added. Roark Capital Group General Information. Roark NEW YORK OFFICE 540 Madison Ave 37th Floor New York, NY 10022 Phone (212) 806-6000 Fax (212) 518-2028 www.roarkcapital.com The moves largely undo Roarks $200 million equity investment in Cheesecake back in April 2020, when the pandemic was just beginning. READ MORE, Site Map | Search | Terms of Use | Privacy Policy | Accessibility, Roark All of those characteristics have helped turn Roark into one of the biggest influencers in the quick-service industry. 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. How a young private equity firm came to own 16 restaurant brands with $11 billion in systemwide sales. For 91 years, we've been helping people take control of their financial futures. You can unsubscribe at any time by clicking on the unsubscribe link at the bottom of our emails. Massage Envy is the leading provider of therapeutic massage and skincare services in the U.S. 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. 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. ATLANTA OFFICE 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. Roark Capital Group specializes in franchises in the food service, retail and consumer services industries. Get todays need-to-know restaurant industry intelligence. Global network of franchises providing residential and commercial restoration services, including water damage, smoke and fire damage, mold remediation, and disaster recovery. Founded in 1972, Meineke is an automotive aftermarket industry pioneer and leading provider of repair and maintenance services. Email this Business. 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. In the announcement, ServiceMaster says: "The transaction will position the . AmeriSpec is a leading franchisor and provider of residential and commercial real estate inspection services. ABRA is a leading network of franchised automotive collision repair shops. The company is in growth mode, targeting eight to 10 new openings a year. 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. Dunkin is famous for its combination of high-quality coffees, espresso beverages, baked goods, and breakfast sandwiches served all day with fast, friendly service. Please Sign up here. In 2016 Liautaud sold a majority share in the company to Roark Capital. Roark Capital Group Contact: Debra Vilchis Fishman Public Relations 847-945-1300 [emailprotected], Cision Distribution 888-776-0942 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. A massive private equity firm, Atlanta-based Roark owns varied franchise brands including Anytime Fitness and Massage Envy, along with Inspire Brands and Focus . You don't drive past their logos every time you leave the house. Fax (404) 591-5201 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: .