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. serving 10,000+ campers per year. Buffalo Wild Wings also owned the Rusty Taco chain. Number 8860726. Buffalo Wild Wings is the largest sports bar chain in the U.S., featuring an immersive sports restaurant experience and a variety of boldly flavored menu items, including buffalo-style chicken wings spun in over 20 signature sauces and seasonings. 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. 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. Roark Capital Group acquired 81.5% of Arby's Restaurant Group in July 2011 and is now a majority-owner of Inspire Brands. 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. Founded in 1999, KE Camps is the leading operator of day camps for country clubs, 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. Stronger U is a digital, personalized nutrition-based health coaching services brand. Roark ATLANTA OFFICE 1180 Peachtree Street NE Suite 2500 Atlanta, Georgia 30309 Phone (404) 591-5200 Fax (404) 591-5201 www.roarkcapital.com. 11.16.21 ROARK INVESTMENT Roark Capital Acquires Mathnasium READ MORE . We dont know when yet, but it will happen, he says. ABRA is a leading network of franchised automotive collision repair shops. Suite 2500 from 8 AM - 9 PM ET. 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 . We look first at the brand and the company, he says. 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. At Roark, that patience is being tested with Arbys. 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. Here's what Roark is offering, and what this means for the company, its shareholders and the struggling restaurant industry. Maintaining Automated Tests in TAF for V1 platform for API testing The remaining 50,000 preferred Cheesecake shares will be converted to 2,448,381 common shares of the casual-dining company. He plans to structure the company similar to Hilton Hotels & Resorts. Roark Capital founder Neal Aronson has helped the firm grow to include several premier quick-service companies, including CKE and Arbys. Cinnabon and some franchising rights for Seattles Best Coffee were then acquired in 2004. It now owns three of the 25 biggest quick-service restaurant chainsit acquired a majority stake in Arbys three years agoand oversees a 16-brand dining empire with some $11 billion in systemwide sales and nearly 12,100 units employing some 300,000 people. Dunkin is famous for its combination of high-quality coffees, espresso beverages, baked goods, and breakfast sandwiches served all day with fast, friendly service. If you work your tail off and follow the rules, you can be successful. Founded in 1975 and headquartered in San Rafael, CA, US Sports camps is the licensed operator of Nike Sports Camps. Its pretty exciting to be part of helping people realize their dreams, Aronson says of franchising. Franchisees trust in the owners rose dramatically. Dunkin is famous for its combination of high-quality coffees, espresso beverages, baked goods, and breakfast sandwiches served all day with fast, friendly service. 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. It was the public. If its franchising, it better be great unit-level economics, or a franchisee would never get involved in it.. Franchise Systems, an Atlanta-based hotel franchisor that began with one brand and 22 hotels in nine states. Take 5 is a leading provider of oil change services through a convenient drive-thru format with fast, friendly customer experience. 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. 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.. See our history. It was founded by Jimmy John Liautaud in 1983 and is headquartered in Champaign, Illinois. Roark Capital-owned Driven Brands targets over $3 bln valuation in IPO. International Car Wash Group is the world's largest local car wash company, with operations in the U.S., Europe and Australia. FOCUS Brands is also the franchisor of Seattle's Best Coffee on certain military bases and in certain international markets. They have perfected their processes and deliver industry leading customer service. How a young private equity firm came to own 16 restaurant brands with $11 billion in systemwide sales. Rating. Our Core Values have always guided the ways we support our people, businesses, and community, and guide us in how we Invest in Good. Basecamp Fitness is a growing network of fitness studios featuring high-intensity and high-energy workout sessions. [13] Co-owner The Wendy's Company's stake was reduced from 18.5% to 12.3% due to the infusion of capital from Roark Capital to fund the purchase. 1 Answer ANSWER Neal Aronson. Inspire operates Support Centers in Atlanta, Oklahoma City, Champaign, Minneapolis, and Canton, Massachusetts. Cinnabon is an American chain of bakeries known for their "World Famous Cinnamon Rolls.". The boardroom at Roark Capital Group's offices in an Atlanta skyscraper has all the accoutrements of a nicely appointed meeting area, including a large conference table surrounded by comfortable chairs and a wide view of the city below.There's just one distinction: Two dozen black-framed notices of the private equity firm's acquisitions dot the walls along the narrow sides of the room. McAlister's is a franchise chain of quick casual restaurants offering a variety of sandwiches, salads, soups, wraps and desserts. The firms first acquisition was Carvel in 2001 for $26 million. 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. They understand franchising, and they know brands and understand branding. 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. 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. Known as 'America's Bodyshop', Maaco is a leading provider of auto painting and light collision repair services. Fitness Connection is a leading player in the "High Value, Low Price (HVLP)" segment of the fitness industry. Content warning: This article covers allegations of sexual assault. That step will leave him with 2.4 million shares. To this day, Wingstop is still under the Roark Capital Group. 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. The buyback more than doubled Roark's initial investment. Founded in 2003, i9 Sports is a leading franchisor of community-based, multi-sport leagues for children ages 3-14, serving over 3 million kids since inception. The Cheesecake Factory is reacquiring most of the equity stake held by Buffalo Wild Wings parent Roark Capital in a transaction valued at $457.3 million. NEW YORK OFFICE It has strong unit-level growth and is stable, with an excellent management team and differentiated brands, Aronson says. 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. Cinnabon is an American chain of bakeries known for their "World Famous Cinnamon Rolls.". The securities filing states that Aronson will have the discretion to manage the shares as he sees fit. Who owns capital music group? They really know restaurants, says Andy Puzder, chief executive of Carpinteria, Californiabased CKE. When I talked to Jack, he yelled at me and shamed me into starting Roark, Aronson says. That's because we've stayed true to our core beliefs, our approach to investing and our commitment to community. www.roarkcapital.com, Roark Schlotzsky's is a chain of quick casual restaurants offering made-to-order sandwiches, soups, salads and pizza. Roark focuses on investments in consumer and business service companies, with a specialization in franchise and franchise-like business models. Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. 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:

. Jimmy still owns 35%. . For more information visit www.take5oilchange.com. We are delighted to be a part of the Roark family. www.roarkcapital.com. Roark Capital Group Affiliates. Bosley's is the leading pet food retail chain in British Columbia specializing in holistic and specialty brands with a focus on pet health and wellness. Roark has a history of creating jobs, providing opportunities, and helping people and companies realize their potential. "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. 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. 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. The latest from Restaurant Business, sent straight to your inbox. 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. I called Neal and said, What have you gotten me into? Romaniello says. They did some digging, and went straight to the source: Arby's Quality Assurance. Bill Derwin, CEO of ICWG, said, "Roark brings a deep understanding of the consumer and an operational expertise that complements our business. There were four CEOs in six years, a problem Aronson blames on previous ownership. [11] Brown expected that Inspire would acquire additional chains in different segments. You can unsubscribe at any time by clicking on the unsubscribe link at the bottom of our emails. Roark Capital Group, the owner of restaurant chain Arby's, plans to buy Buffalo Wild Wings for $2.4 billion. Arby's owner Roark Capital Group said on Tuesday it would buy Buffalo Wild Wings Inc <BWLD.O> for $2.4 billion, . 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. 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. Will the Fast-Food Dining Room Live On After COVID? CARSTAR is the largest franchise network of automotive collision repair shops in North America. www.roarkcapital.com. When Darden sold Red Lobster in 2014, it was to Golden Gate Capital, who also owned Romano's Macaroni Grill from 2008 to 2013. "Arby's Restaurant Group" redirects here. [14] In September 2018, Inspire had the 27-location R Taco reverted to the Rusty Taco name. Driven manages a family of automotive brands including ABRA, CARSTAR, Maaco, Meineke, Take 5, Uniban, 1-800 Radiator, and others. Flower Child is a growing, fast casual restaurant offering a customizable menu, made fresh from scratch, featuring locally-sourced, all-natural and organic ingredients. New York, NY 10022 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. While the firm has not sold any of its restaurant companies yet, that time will come. 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 Big Take is the very best of Bloomberg's in-depth, original reporting from around the globe every day. CKE is one of the world's largest franchisors and operators of quick-service restaurants under the Carls Jr. and Hardees brand banners. Global network of franchises providing janitorial services, carpet cleaning, hard surface floor care, tile and grout cleaning, and upholstery cleaning. 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. (417) 334-3196. Visit Website. 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. After a few quiet years, Roark raised its first flagship fund in 2005, a $413 million vehicle, and quickly got to work making deals, completing four . Howard Roarks characteristics led to Roark Capitals 12 core values, including commitment, integrity, collaboration, and accountability. 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. "Take 5 Oil Change is an ideal addition to our portfolio of brands. Self Esteem Brands is the parent company of Anytime Fitness, Basecamp Fitness, The Bar Method, Waxing the City, Stronger U, and Healthy Contributions. For over 30 years, Culvers guests have been treated to cooked-to-order food made with farm-fresh ingredients, served with a smile. Environmental, Social and Governance (ESG), HVAC (Heating, Ventilation and Air-Conditioning), Machine Tools, Metalworking and Metallurgy, Aboriginal, First Nations & Native American. Roark prides itself on being a trusted partner for management and business owners. Romaniello became the operating partner, and Hill was added as vice president of franchising and foodservice. Win whats next. [8] Inspire Brands is majority-owned by affiliates of Roark Capital Group. 540 Madison Ave 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 . There hadnt been a new flavor in five years or a new product in eight. 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 . READ MORE, Roark was named after Howard Roark, the protagonist in Ayn Rand's book The Fountainhead. US Sports Camps offering spans 19 different physical sports, Esports, and academic programs for campers ranging from 6 to 18 years old. Massage Envy is the leading provider of therapeutic massage and skincare services in the U.S. [18], Inspire Brands announced that it was buying Jimmy John's on September 25, 2019. Author has 4.2K answers and 3.1M answer views. us for more details. The franchisees hated the company, says Romaniello, now a Roark managing partner. ABRA is a leading network of franchised automotive collision repair shops. ICWG operates under the IMO banner in Europe and Asia-Pacific. What are the characteristics of that concept? Baseball Academy. Luther is Arbys chairman. He has conviction, passion, unbelievable honesty, openness, and hes loyal and trustworthy. 37th Floor Roark Capital Group acquired Corner Bakery in 2011 from Il Fornaio Corporation. 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. Naf Naf Grill and an investor group bought out the minority ownership of Roark Capital. 1180 Peachtree Street NE 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. Cheesecake will then repurchase the stock for $446.9 million. All of those characteristics have helped turn Roark into one of the biggest influencers in the quick-service industry. There was talent at Carvel that Cinnabon could benefit from, and talent at Cinnabon that Carvel could use.. Roark's current brands include Anytime Fitness, Arby's, Atkins Nutritionals, Batteries Plus Bulbs, Carl Jr.'s, Corner Bakery, Driven Brands, FOCUS Brands (the owner of Auntie Anne's Pretzels, Carvel Ice Cream, Cinnabon, McAlister's Deli, Moe's Southwest Grill, and Schlotzsky's), Hardee's, Il Fornaio, Massage Envy, Miller's Ale House, Money Mailer, Naf Naf Grill, Orangetheory Fitness, Pet Supermarket, Pet Valu, Primrose Schools, Quala, Waxing the City, and Wingstop. Nash had a tough exterior, but he was honest and off-the-chart smart, so he gave you great advice. He was also Roarks biggest early investor.