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. NEW YORK OFFICE Atlanta, Georgia 30309 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. 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. 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. Roark Capital Group Contact: Debra Vilchis Fishman Public Relations 847-945-1300 [emailprotected], Cision Distribution 888-776-0942 FOCUS Brands is also the franchisor of Seattle's Best Coffee on certain military bases and in certain international markets. If capital and expertise are needed to help the brands grow, well provide that.. Fax (212) 518-2028 Founded in 1972, Meineke is an automotive aftermarket industry pioneer and leading provider of repair and maintenance services. You don't drive past their logos every time you leave the house. It was the public. The acquisitions are a team effort, Hill says, relying on Roarks operational, financial, and other resources. As of 2021, Wingstop makes a net income of about $42 million a year. . Known as 'America's Bodyshop', Maaco is a leading provider of auto painting and light collision repair services. Roark Capital Group Affiliates. Massage Envy is the leading provider of therapeutic massage and skincare services in the U.S. Cinnabon and some franchising rights for Seattles Best Coffee were then acquired in 2004. Inspire Brands is the franchisor and operator of the Arbys, Buffalo Wild Wings, Jimmy Johns, SONIC, Dunkin, and Baskin Robbins brands. ICWG operates under the IMO banner in Europe and Asia-Pacific. 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. Roark NEW YORK OFFICE 540 Madison Ave 37th Floor New York, NY 10022 Phone (212) 806-6000 Fax (212) 518-2028 www.roarkcapital.com "Arby's Restaurant Group" redirects here. As the Atlanta-based private equity firm that owns Massage Envy, Roark Capital Group published a plan in 2017 to address the . They are like the Warren Buffett of restaurants.. AmeriSpec is a leading franchisor and provider of residential and commercial real estate inspection services. Owned by private equity firm Roark Capital Group, CKE Restaurants was founded in 1966 with the opening of Carl's Jr. Clean Franchise Brands : Year Formed: 2021: . Phone (212) 806-6000 All of those characteristics have helped turn Roark into one of the biggest influencers in the quick-service industry. 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. 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. Founded in 1975 and headquartered in San Rafael, CA, US Sports camps is the licensed operator of Nike Sports Camps. Arbys is the largest drive-thru sandwich chain in the United States. 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. Founded in 1988, U.S. The deal specifies that Ginsberg and Aronson are locked up for 60 days from trying to amass a controlling interest in Cheesecake. Wendy's owns about 18.5 percent of Arby's, with their stake valued at around $325.9 . 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. They did some digging, and went straight to the source: Arby's Quality Assurance. 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. Furniture Medic is a global leader and franchisor in the furniture repair and restoration industry. Roark's current brands include Anytime Fitness, Arby's, Atkins Nutritionals, Batteries Plus Bulbs, CKE Restaurants (the owner of Carl's Jr. and Hardee's), Corner Bakery, Driven Brands (the owner of Maaco, Meineke, CARSTAR, 1-800-Radiator and Take 5 Oil Change), Drybar, FOCUS Brands (the owner of Auntie Anne's Pretzels, Carvel Ice Cream, Cinnabon, McAlister's Deli, Moe's Southwest Grill, and Schlotzsky's), Great Expressions Dental Centers, Il Fornaio, Jimmy John's, Jim 'N Nick's, Massage Envy, Miller's Ale House, Naf Naf Grill, Orangetheory Fitness, Pet Retail Brands (the owner of Pet Supermarket and Pet Valu), Primrose Schools and Waxing the City. 37th Floor 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. Founded in 2001, Roark Capital Group is a private equity firm based in Atlanta, Georgia. CHARLOTTE, N.C., March 30, 2016 /PRNewswire/ -- Driven Brands, a portfolio company of Roark Capital and the nation's leading automotive franchisor . ORLANDO, Florida: Under recently reinstated CEO Bob Iger, Walt Disney Co. announced this week that it is cutting 7,000 jobs, or 3.6 percent of the company's global workforce, to save $5.5 billion in costs and seek to make its streaming business profitable. The remaining 50,000 preferred Cheesecake shares will be converted to 2,448,381 common shares of the casual-dining company. Meineke provides all regularly scheduled maintenance services, along with repair and replacement of vehicle components. The Company focuses on management of buy-outs, acquisitions, mergers, recapitalizations, restructuring, business transfers, corporate divestiture, and other situations. Email this Business. Theyre very entrepreneurial., Besides, he says, theyre just plain good guys.. Roark Capital Acquires ServiceMaster Brands. Our team will review your remarks prior to publishing. 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. 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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. Nothing Bundt Cakes is a leading franchisor and operator of gourmet bakeries. Cheesecake operates its namesake brand and a high-volume Italian casual concept called North Italia. Roark has acquired. 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. Roark NEW YORK OFFICE 540 Madison Ave 37th Floor New York, NY 10022 Phone (212) 806-6000 Fax (212) 518-2028 www.roarkcapital.com Inspire Brands is majority-owned by affiliates of Roark Capital Group. Sign up to receive texts from Restaurant Business on news and insights that matter to your brand. The purchases were financed primarily through Roarks first private equity fund. The stake will be controlled by Roark founder and managing partner Neal Aronson, according to securities documents filed Monday. Roark focuses on investments in consumer and business service companies, with a specialization in franchise and franchise-like business models. 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.. Some firms seek investments that fit into specific size parameters. Phone (404) 591-5200 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. What are the characteristics of that concept? operator of swim schools for children of all ages, serving over 150,000 swimmers per year. 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? Roark focuses on franchised and multi-unit business models in the retail, restaurant, consumer and business services sectors. Roark Capital Group finalized its deal to acquire Buffalo Wild Wings for $2.9 billion on February 5. "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. Finally, in 2015, the final answer to the previous question, who owned Wingstop? . 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. This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. The firm also provides the capital for operators to reach their goals. Jamba is a category-leading smoothie and juice chain that offers a variety of high quality smoothies, juices, bowls and other products. Thats key. Aronson says the firm talks about the core values and lives them out every day, and that theyre on laminated cards given to each of Roarks 45 employees. Get todays need-to-know restaurant industry intelligence. Number 8860726. For more information, visit www.DrivenBrands.com. Dunkin is famous for its combination of high-quality coffees, espresso beverages, baked goods, and breakfast sandwiches served all day with fast, friendly service. Jimmy John's Franchise, LLC is an American franchised sandwich fast food restaurant chain owned by Inspire Brands. 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. None were restaurants. 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. McAlister's is a franchise chain of quick casual restaurants offering a variety of sandwiches, salads, soups, wraps and desserts. Theyre all different, and so I think weve gotten better at it, he says. Roark Capital Group specializes in franchises in the food service, retail and consumer services industries. 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 . 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. [17] The acquisition was completed on December 7, 2018. Registered in England and Wales. ServiceMaster Brands is the parent company of ServiceMaster Restore, ServiceMaster Clean, Merry Maids, TWO MEN AND A TRUCK, AmeriSpec, and Furniture Medic. About Roark Capital GroupRoark focuses on consumer and business service companies with a specialization in franchised and multi-unit business models in the retail, restaurant, consumer and business services sectors. Roark focuses on franchised and multi-unit business models in the retail, restaurant, consumer and business services sectors. 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. 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 . [10][19] The deal closed on October 18, 2019. Cheesecake opted to trade 200,000 shares of preferred stock to Roark for $200 million. from 8 AM - 9 PM ET. Aronson will surrender 47,517 of the common shares to Cheesecake in exchange for $10.4 million in cash. [18], Inspire Brands announced that it was buying Jimmy John's on September 25, 2019. "With this partnership, we have access to world-class technology, purchasing power, operational support and resources that will enable us to accelerate our growth and success.". Roark managing partner Neal Aronson will retain control of a 4.6% stake. Take 5 is a leading provider of oil change services through a convenient drive-thru format with fast, friendly customer experience. 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. Greenwood Village, CO. Leeds West Groups (LWG) was founded in 2009 by current CEO and Board Member Judd Shader and is . 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. In October 2020, Pandya Restaurant Growth Brands, part of Rohan Group of Cos., owned by real estate investor and restaurant operator Jignesh Pandya of Newtown, Pennsylvania, acquired Corner Bakery . 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. Baseball Academy brings together college and high school coaches to provide camp programs to aspiring baseball and softball players across the United States. We dont know when yet, but it will happen, he says. How are the unit-level economics? 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. These are very smart people, he says. So far, it seems the risk is paying off. Later on, it was sold to the Roark Capital Group back in 2010. We look forward to partnering and helping accelerate their growth plans. 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. "We are excited to partner with Roark, an experienced investor in growing multi-unit businesses, to help us accelerate ICWG's growth," said Mike Smith, Executive Chairman of ICWG. Sign up here. With this acquisition, Driven Brands continues to expand its Quick Lube division, which also includes Pro Oil Change and Driven Florida Lubes. Today the only other restaurantchain Golden Gate owns besides Red Lobster is California Pizza Kitchen, but their portfolio includes lots of non-restaurant companies, including Eddie Bauer, Payless, and J. Jill. Is Arby's Roast Beef real or processed meat? The Take 5 Oil Change management team will remain at the helm, and the headquarters will remain in New Orleans. READ MORE, Roark was named after Howard Roark, the protagonist in Ayn Rand's book The Fountainhead. We look first at the brand and the company, he says. Suite 2500 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 ATLANTA OFFICE 1180 Peachtree Street NE Suite 2500 Atlanta, Georgia 30309 Phone (404) 591-5200 Fax (404) 591-5201 www.roarkcapital.com. Its two full-service restaurant chains are Il Fornaio and Millers Ale House. 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. October 01, 2020 09:01 AM Eastern Daylight Time . About Take 5 Oil ChangeTake 5 Oil Change has been serving customers for more than 30 years. Moe's Southwest Grill is the neighborhood burrito place offering flavorful Southwestern fare with a healthy twist. . 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.. 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. See Neal K Aronson's compensation, career history, education, & memberships. The five times weekly e-newsletter that keeps you up-to-date on the latest industry news and additions to this website. Roark owns a huge stable of franchised restaurant brands through its two main holdings, Focus Brands and Inspire Brands. Stronger U is a digital, personalized nutrition-based health coaching services brand. from 8 AM - 9 PM ET. 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. 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. Affiliates of Roark Capital Group have sold the Dallas-based Corner Bakery Cafe brand to Pandya Restaurant Growth Brands LLC, the companies said Thursday. He is my all-time favorite character in any book, Aronson says. New York, NY 10022 Lines and paragraphs break automatically. Culver's is a family-favorite restaurant known for their ButterBurgers, Fresh Frozen Custard & Wisconsin Cheese Curds. Roarks other limited-service brands include Auntie Annes, Carvel Ice Cream, Cinnabon, Moes Southwest Grill, and Schlotzskysall of which are included under the Focus Brands umbrellaas well as Corner Bakery, McAlisters Deli, and Wingstop. No, Sonic is owned by Sega, who debuted the character in "Sonic The Hedgehog" for their Genesis console in 1991. For over 30 years, Culvers guests have been treated to cooked-to-order food made with farm-fresh ingredients, served with a smile. [24], Inspire received Franchise Times 2019 Dealmaker of the Year award for its acquisitions of Buffalo Wild Wings and Sonic Drive-In.[25]. Culver's is a family-favorite restaurant known for their ButterBurgers, Fresh Frozen Custard & Wisconsin Cheese Curds. To this day, Wingstop is still under the Roark Capital Group. Naf Naf Grill, the fast-casual Middle Eastern concept, and an investor group have acquired the entire minority ownership in the company previously held by affiliates of Roark Capital Group, the company said Wednesday. 540 Madison Ave They have perfected their processes and deliver industry leading customer service. 2023 PitchBook. When I talked to Jack, he yelled at me and shamed me into starting Roark, Aronson says. 11.16.21 ROARK INVESTMENT Roark Capital Acquires Mathnasium READ MORE . When Darden sold Red Lobster in 2014, it was to Golden Gate Capital, who also owned Romano's Macaroni Grill from 2008 to 2013. Branson, MO 65616-2060. U.S. Roark Capital Group is an American private equity firm with over $33 billion in assets under management. US Sports Camps offering spans 19 different physical sports, Esports, and academic programs for campers ranging from 6 to 18 years old. . www.roarkcapital.com, Roark Portfolio Employees Assistance Fund. Nov 2009 - Dec 202213 years 2 months. RB American is the largest Arby's franchisee, operating 370 restaurants across 9 states. Cheesecake opted to trade 200,000 shares of preferred stock to Roark for $200 million, Bojangles makes no bones about its future, Pollo Tropical starts the year off with more customers and better profits, For Wendy's, keeping pace with competitors is harder than it looks, Jack in the Box reaches a 'turning point' in its bid for growth, Chevys Fresh Mex owner adds 2 more brands to portfolio. refer to our Roark Capital Group owns other dining-out favorites, including Arby's, Auntie Anne's, Cinnabon, Carvel Ice Cream, Moe's Southwest Grill, and Wingstop. Fax (212) 518-2028 Take 5 Oil Change is the market leader in speed and quality, and is the fastest growing quick lube chain in the country. Fax (404) 591-5201 It is part of Flynn Restaurant Group which also operates 441 . 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. Anytime Fitness is the largest fitness franchise in the world, with gym facilities open 24 hours a day, 365 days a year. Roark Capital Group added another brand to its wide-ranging franchise portfolio with the acquisition October 1 of residential and commercial restoration and cleaning services company. [9][10], Inspire Brands was formed when Arby's Restaurant Group merged with Buffalo Wild Wings on February 5, 2018. The deals became larger and more diversefast-casual, full-service, and quick-service restaurants, including some with company-owned units, not just franchisees. As chief financial officer at U.S. 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, Georgia 30309 Furniture Medic is a global leader and franchisor in the furniture repair and restoration industry.