Theres also Green Burrito and Red Burrito, which cobrand with some Carls Jr. and Hardees, while Roark also franchises Seattles Best Coffee internationally. Naf Naf Grills website lists 39 locations in eight states, including Illinois, Indiana, Minnesota, New Jersey, Ohio, Pennsylvania, Tennessee and Wisconsin. We want CKE to reach their potential, just like all of Roarks other brands, he says. Founded in 1975 and headquartered in San Rafael, CA, US Sports camps is the licensed operator of Nike Sports Camps. CARSTAR is the largest franchise network of automotive collision repair shops in North America. 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 differs in many ways from other private equity companies. 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 . [18], Inspire Brands announced that it was buying Jimmy John's on September 25, 2019. If capital and expertise are needed to help the brands grow, well provide that.. 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. The deal shocked an industry already stunned by the unprecedented market changes they were seeing as coronavirus shut down much of the nation. serving 10,000+ campers per year. It has strong unit-level growth and is stable, with an excellent management team and differentiated brands, Aronson says. Roark Capital Group acquired 81.5% of Arby's Restaurant Group in July 2011 and is now a majority-owner of Inspire Brands. He plans to structure the company similar to Hilton Hotels & Resorts. Atlanta, Georgia 30309 Cheesecake only franchises abroad, and on a limited basis, and it is positioned squarely in the upper echelon of casual dining. 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. GROUP. Who is corner bakery owned by? 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. Mathnasium is a leading franchisor of math learning centers with over 1,000 locations across 46 states and 12 countries. The customer is an American company that is an affiliate of the American private equity firm Roark Capital Group which currently owns Schlotzsky's, Carvel, Cinnabon, Moe's Southwest Grill, and McAlister's Deli, Auntie Anne's, and Jamba brands. Roark also owns nearly a dozen non-eatery franchise businesses. The Bar Method is a leading low-impact studio fitness franchise with locations across the US and Canada. Roark Capital Group finalized its deal to acquire Buffalo Wild Wings for $2.9 billion on February 5. The fast-casual chain started in 1991 in Chicago and launched a franchising program in 2007. In 1995, he helped launch U.S. Jimmy still owns 35%. Massage Envy is the leading provider of therapeutic massage and skincare services in the U.S. Previously, Okeson was a partner at Alston & Bird LLP in Atlanta, Georgia, where he spent 15 years specializing in corporate governance, mergers and acquisitions . Roark Capital Group Inc. operates as a private equity firm. [9] On August 28, 2018, Georgia Governor Nathan Deal announced that Inspire was moving its headquarters to Sandy Springs, Georgia in 2019. RB American is the largest Arby's franchisee, operating 370 restaurants across 9 states. 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. Phone (212) 806-6000 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. Here's what Roark is offering, and what this means for the company, its shareholders and the struggling restaurant industry. Roark Portfolio Employees Assistance Fund. A massive private equity firm, Atlanta-based Roark owns varied franchise brands including Anytime Fitness and Massage Envy, along with Inspire Brands and Focus . New York, NY 10022 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. Romaniello became the operating partner, and Hill was added as vice president of franchising and foodservice. Pet Supermarket is the largest specialty retailer of pet food and pet-related supplies based in the southeastern US. Most compete in the quick-service sector, far downmarket from Cheesecakes turf. Environmental, Social and Governance (ESG), HVAC (Heating, Ventilation and Air-Conditioning), Machine Tools, Metalworking and Metallurgy, Aboriginal, First Nations & Native American. 37th Floor Roark NEW YORK OFFICE 540 Madison Ave 37th Floor New York, NY 10022 Phone (212) 806-6000 Fax (212) 518-2028 www.roarkcapital.com International Car Wash Group is the world's largest local car wash company, with operations in the U.S., Europe and Australia. Thats key. The Company focuses on management of buy-outs, acquisitions, mergers, recapitalizations, restructuring . Roark prides itself on partnering with entrepreneurs and executives who share this vision of growth and success across all stakeholders. Jimmy John's and Rusty Taco parent company has completed its acquisition of Dunkin' Brands Group for $11.3 billion (or . Although CKE has debtthe company refinanced $1 billion last yearAronson says its very manageable. Maintaining Automated Tests in TAF for V1 platform for API testing Stronger U is a digital, personalized nutrition-based health coaching services brand. He follows what he believes.. Our team will review your remarks prior to publishing. It was the public. READ MORE, Roark was named after Howard Roark, the protagonist in Ayn Rand's book The Fountainhead. We earn trust by abiding by the highest moral standards and treating our investors, management teams, lenders, advisors, service providers and communities with dignity and respect. Naf Naf Grill and an investor group bought out the minority ownership of Roark Capital. Makers of industrial parts and telecom infrastructure providers play a crucial role in the economy, but you don't see their commercials on TV. Sign up here. Founded in 1975 and headquartered in San Rafael, CA, US Sports camps is the licensed operator of Nike Sports Camps. As chief financial officer at U.S. International Car Wash Group is the world's largest local car wash company, with operations in the U.S., Europe and Australia. Inspire Brands is the franchisor and operator of the Arbys, Buffalo Wild Wings, Jimmy Johns, SONIC, Dunkin, and Baskin Robbins brands. We look first at the brand and the company, he says. 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. Merry Maids is a leading franchisor and provider of home cleaning services. 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. Roark focuses on middle market investment opportunities through family-owned business transfers, management and corporate buyouts . Members help make our journalism possible. All rights reserved. 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. [8] Inspire Brands is majority-owned by affiliates of Roark Capital Group. Mathnasium is a leading franchisor of math learning centers with over 1,000 locations across 46 states and 12 countries. 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. 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. Since inception, affiliates of Roark have invested in 61 franchise/multi-unit brands which collectively generate $25 billion in annual system revenues from 28,000 locations in 50 states and 78 countries. Branson, MO 65616-2060. The firings came Baseball Academy brings together college and high school coaches to provide camp programs to aspiring baseball and softball players across the United States. 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. 2023 PitchBook. Roark focuses on middle-market investment opportunities through family-owned business transfers, anagement/corporate buyouts, recapitalizations, going-private transactions, and corporate divestitures. 540 Madison Ave Affiliates of Roark Capital Group have sold the Dallas-based Corner Bakery Cafe brand to Pandya Restaurant Growth Brands LLC, the companies said Thursday. The firms first acquisition was Carvel in 2001 for $26 million. Aronson launched the firm in 2001 and named it for Howard Roark, the protagonist architect in Ayn Rands novel, The Fountainhead. 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. 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. About Roark Capital Group. Driven Brands is the largest automotive services company in North America. Howard Roarks characteristics led to Roark Capitals 12 core values, including commitment, integrity, collaboration, and accountability. Now that you know who owns Wingstop, it probably doesn't come as a surprise that the original owner, Antonio Swad had been in the restaurant business since . Roark focuses on investments in consumer and business service companies, with a specialization in franchise and franchise-like business models. Jimmy John's is one of the largest sandwich chains in the US. U.S. Roark Capital Group is an American private equity firm with over $33 billion in assets under management. 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.. To this day, Wingstop is still under the Roark Capital Group. The five times weekly e-newsletter that keeps you up-to-date on the latest industry news and additions to this website. Jamba is a category-leading smoothie and juice chain that offers a variety of high quality smoothies, juices, bowls and other products. . The company, which was sold by Roark Capital Group to Pandya Restaurant Growth Brands in October 2020, has two locations in San Antonio, Texas. ServiceMaster Brands is the parent company of ServiceMaster Restore, ServiceMaster Clean, Merry Maids, TWO MEN AND A TRUCK, AmeriSpec, and Furniture Medic. Private-equity firm Roark Capital Group, which owns Atkins, is gearing up to seek a buyer for the low-carbohydrate-diet pioneer, according to people familiar with the matter. [11] Brown expected that Inspire would acquire additional chains in different segments. CARSTAR is the largest franchise network of automotive collision repair shops in North America. Baseball Academy (Youth Enrichment Brands), U.S. Sports Camps (Youth Enrichment Brands), Roark Portfolio Employees Assistance Fund. Cheesecake will then repurchase the stock for $446.9 million. Miscellaneous . 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. Miller's appears to be in good hands with its current owners. 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. Driven manages a family of automotive brands including ABRA, CARSTAR, Maaco, Meineke, Take 5, Uniban, 1-800 Radiator, and others. Rating. 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. Finally, in 2015, the final answer to the previous question, who owned Wingstop? Founded in 1988, U.S. Phone (212) 806-6000 Arbys is the largest drive-thru sandwich chain in the United States. Later on, it was sold to the Roark Capital Group back in 2010. 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. Roark focuses on franchised and multi-unit business models in the retail, restaurant, consumer and business services sectors. To help with Arbys, two industry prosJon Luther, Dunkin Brands chairman, and former Yorkshire Global Restaurants CEO Sid Feltensteinwere added as independent directors on Arbys board. Self Esteem Brands is the parent company of Anytime Fitness, Basecamp Fitness, The Bar Method, Waxing the City, Stronger U, and Healthy Contributions. As the Atlanta-based private equity firm that owns Massage Envy, Roark Capital Group published a plan in 2017 to address the . Who owns capital music group? Some investors, including university endowments and investment managers, have invested in all three, a sign of Roarks performance. CKE is one of the world's largest franchisors and operators of quick-service restaurants under the Carls Jr. and Hardees brand banners. 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. Morningstar Institutional Equity Research. Others acquire companies, do some financial engineering, and then flip them after a few years. Romaniello and Hill moved to Roark in 2008 to help with acquisitions and operations. 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 . 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. ATLANTA, July 22, 2013 /PRNewswire/ -- Roark Capital Group, an Atlanta -based private equity firm, announced today that an affiliate had acquired 65 unit Miller's Ale House . Content warning: This article covers allegations of sexual assault. Ron Ruggless | Oct 29, 2020. Email this Business. Auntie Anne's menu includes hand-rolled soft pretzels baked in-store, Pretzel Nuggets, beverages (including signature lemonade) and Pretzel Dogs. 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. 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. 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 Chicago-based company did not disclose terms of the deal or the identity of the investor group. Founded in 1999, KE Camps is the leading operator of day camps for country clubs, from 8 AM - 9 PM ET. US Sports Camps is the nations leading youth sports camp company, serving more than 100,000 campers across 1,200+ camps in 48 states. If you work your tail off and follow the rules, you can be successful. The purchases were financed primarily through Roarks first private equity fund. Inspire operates Support Centers in Atlanta, Oklahoma City, Champaign, Minneapolis, and Canton, Massachusetts. Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. ", "This is a tremendous opportunity for Take 5 Oil Change to grow our business to the next level," said Graham. The securities filing states that Aronson will have the discretion to manage the shares as he sees fit. [14] In September 2018, Inspire had the 27-location R Taco reverted to the Rusty Taco name. In the announcement, ServiceMaster says: "The transaction will position the . The franchisees hated the company, says Romaniello, now a Roark managing partner. Roark has a history of creating jobs, providing opportunities, and helping people and companies realize their potential. 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. RB AMERICAN. Image Credit: IHOP - Legacy Capital Investment Group IHOP restaurants are franchised and operated by Glendale, California-based International House of Pancakes, LLC and its affiliates. 11.16.21 ROARK INVESTMENT Roark Capital Acquires Mathnasium READ MORE . | Roark is an Atlantabased private equity firm with $35 billion in assets under management. Media ContactBrandi Neloms, Sr. Communications Manager[emailprotected] 704-644-8151, Cision Distribution 888-776-0942 Atlanta, Georgia 30309 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. Franchise Systems, an Atlanta-based hotel franchisor that began with one brand and 22 hotels in nine states. ATLANTA OFFICE They did some digging, and went straight to the source: Arby's Quality Assurance. Fax (404) 591-5201 For over 30 years, Culvers guests have been treated to cooked-to-order food made with farm-fresh ingredients, served with a smile. It is part of Flynn Restaurant Group which also operates 441 . The deals became larger and more diversefast-casual, full-service, and quick-service restaurants, including some with company-owned units, not just franchisees. What company owns Jimmy Johns? 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. Roark Capital Group, the owner of restaurant chain Arby's, plans to buy Buffalo Wild Wings for $2.4 billion. McAlister's is a franchise chain of quick casual restaurants offering a variety of sandwiches, salads, soups, wraps and desserts. Culver's is a family-favorite restaurant known for their ButterBurgers, Fresh Frozen Custard & Wisconsin Cheese Curds. us for more details. Global network of franchises providing janitorial services, carpet cleaning, hard surface floor care, tile and grout cleaning, and upholstery cleaning. We want to partner with entrepreneurs and executives who share this vision. We have been slowly and methodically learning as much as we can about restaurants, Romaniello says. Nothing Bundt Cakes is a leading franchisor and operator of gourmet bakeries. Take 5 Oil Change is the market leader in speed and quality, and is the fastest growing quick lube chain in the country. 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. Atlanta-based private-equity Roark Capital Group invested in the concept in 2015. Moe's Southwest Grill is the neighborhood burrito place offering flavorful Southwestern fare with a healthy twist. Few of Arbys issues were present at CKE, which was acquired from private equity firm Apollo Global Management. The acquisitions are a team effort, Hill says, relying on Roarks operational, financial, and other resources. Our greater purpose reminds us to appreciate who we work hard for each daywhen Roark does well, more kids go to college, more research gets done for curing disease and the people who protect our streets and teach our kids get a better life. operator of swim schools for children of all ages, serving over 150,000 swimmers per year. 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 . McAlister's is a franchise chain of quick casual restaurants offering a variety of sandwiches, salads, soups, wraps and desserts. For more information, visit www.DrivenBrands.com. Cheesecake operates its namesake brand and a high-volume Italian casual concept called North Italia. 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. [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. NEW YORK OFFICE So far, it seems the risk is paying off. For more information, please visit www.roarkcapital.com. Founder & Chief Executive Officer. 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. 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 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. CHARLOTTE, N.C., March 30, 2016 /PRNewswire/ -- Driven Brands, a portfolio company of Roark Capital and the nation's leading automotive franchisor . Wingstop decided to go entirely public with an IPO (Initial Public Offering) of $19 for a share. 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. Arbys same-store sales rose 2.8 percent last year and have grown every quarter since Roark acquired the chain. Youll see us sell some companies over time, and youll see us take some companies public. Founded in 1999, KE Camps is the leading operator of day camps for country clubs, 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. Take 5 Oil Change has a phenomenal brand, operating model, and team led by Marc. Moe's Southwest Grill is the neighborhood burrito place offering flavorful Southwestern fare with a healthy twist. Most of Carvels resources had been diverted to its supermarket business, which angered franchisees. Contact Ron Ruggless at [emailprotected], /sites/all/themes/penton_subtheme_nrn/images/logos/footer.png. Founded in 1988, U.S. And that someone, who snapped the company up in early 2018, was Roark Capital, also the owner of the fast-food company Arby's, which has been pegged as one of the least respected fast-food chains . 1180 Peachtree Street NE The brand offers 8- and 10-inch bundt cakes, Bundtlets and Bundtinis in multiple flavors that are hand-crafted and baked on-site. Fitness Connection is a leading player in the "High Value, Low Price (HVLP)" segment of the fitness industry. Roark Capital is an Atlanta-based private equity firm. 1-800 Radiator is the largest franchised automotive parts distributor in North America. International House of Pancakes, LLC is a wholly-owned subsidiary of Dine Brands Global (NYSE: DIN).

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