who owns roark capital group

Driven Brands Holdings Inc, one of the largest U.S. auto services franchisers, is looking to raise as much as $760 million . It is part of Flynn Restaurant Group which also operates 441 . 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. 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. Jimmy still owns 35%. Cheesecake opted to trade 200,000 shares of preferred stock to Roark for $200 million. The purchases were financed primarily through Roarks first private equity fund. By the end of the first year under Roark leadership, 21 new menu items were added. "Arby's Restaurant Group" redirects here. [21][22] The acquisition was completed on December 15, 2020. Fax (212) 518-2028 These are very smart people, he says. Founded in 1983, Jimmy John's offers high-quality sandwiches with rapid preparation. Registered in England and Wales. AmeriSpec is a leading franchisor and provider of residential and commercial real estate inspection services. 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. 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. 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. operator of swim schools for children of all ages, serving over 150,000 swimmers per year. The deals became larger and more diversefast-casual, full-service, and quick-service restaurants, including some with company-owned units, not just franchisees. 37th Floor Jimmy John's is one of the largest sandwich chains in the US. Site Map | Search | Terms of Use | Privacy Policy | Accessibility, Roark Furniture Medic is a global leader and franchisor in the furniture repair and restoration industry. 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. 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. Rating. Phone (212) 806-6000 CKE is one of the world's largest franchisors and operators of quick-service restaurants under the Carls Jr. and Hardees brand banners. CKE is one of the world's largest franchisors and operators of quick-service restaurants under the Carls Jr. and Hardees brand banners. 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. 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. 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. We like growth, and were looking to invest in growth.. He follows what he believes.. Jimmy John's and Rusty Taco parent company has completed its acquisition of Dunkin' Brands Group for $11.3 billion (or . Meineke provides all regularly scheduled maintenance services, along with repair and replacement of vehicle components. serving 10,000+ campers per year. 2023 PitchBook. CARSTAR is the largest franchise network of automotive collision repair shops in North America. 403 Veterans Blvd. Branson, MO 65616-2060. Founded in 2006, Streamline Brands is a leading franchisor and In 1995, he helped launch U.S. If capital and expertise are needed to help the brands grow, well provide that.. Roark Capital-owned Driven Brands targets over $3 bln valuation in IPO. Most compete in the quick-service sector, far downmarket from Cheesecakes turf. 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 . Orangetheory Fitness is one of the largest and fastest growing franchisors in the studio-based fitness market. 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. 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. Nov 2009 - Dec 202213 years 2 months. At Roark, that patience is being tested with Arbys. Waxing the City is a growing network of waxing studios with an emphasis on superior waxes, highly-trained staff, and compassionate customer service. Arbys is the largest drive-thru sandwich chain in the United States. 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 managing partner Neal Aronson will retain control of a 4.6% stake. That is part of our obligation to our investors.. "Take 5 Oil Change is an ideal addition to our portfolio of brands. The firms first acquisition was Carvel in 2001 for $26 million. Roark focuses on middle-market investment opportunities through family-owned business transfers, anagement/corporate buyouts, recapitalizations, going-private transactions, and corporate divestitures. Marcato, which owns a 6.4 percent stake in the wing chain, launched its campaign . In 2016, Liautaud sold an estimated 65% of the business to Inspire's parent company, the Atlanta-based private equity firm Roark Capital, in a deal that valued Jimmy John's at around $3 . 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. 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. Who owns roark capital group? Who is corner bakery owned by? 37th Floor Article continues below . Roark Capital Group Affiliates. US Sports Camps offering spans 19 different physical sports, Esports, and academic programs for campers ranging from 6 to 18 years old. Franchisees trust in the owners rose dramatically. The Denver company . Mathnasium is a leading franchisor of math learning centers with over 1,000 locations across 46 states and 12 countries. 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. Global network of franchises providing janitorial services, carpet cleaning, hard surface floor care, tile and grout cleaning, and upholstery cleaning. The Company focuses on management of buy-outs, acquisitions, mergers, recapitalizations, restructuring, business transfers, corporate divestiture, and other situations. 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 . The Bar Method is a leading low-impact studio fitness franchise with locations across the US and Canada. Get todays need-to-know restaurant industry intelligence. In the early days, there were real synergies and reasons to put companies together in Focus, says Hill, who became Cinnabons president. 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. 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. See our history. 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. We then focus our time on what are those three or four key strategic initiatives for that business., Nash, who died in 2008, passed on several lessons to Aronson, one of the biggest being that the best investments require great patience. Roark NEW YORK OFFICE 540 Madison Ave 37th Floor New York, NY 10022 Phone (212) 806-6000 Fax (212) 518-2028 www.roarkcapital.com 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. Roark Capital Group specializes in franchises in the food service, retail and consumer services industries. Who is the CEO of Sonic? We dont know when yet, but it will happen, he says. "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. The Company focuses on management of buy-outs, acquisitions, mergers, recapitalizations, restructuring . 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: . Our business services investments have included Divisions Maintenance Group, Driven Brands,ServiceMaster Brands, Installation Made Easy, and previously Solterra Recycling Solutions, Batteries Plus Bulbs, CyberCore, FASTSIGNS, Money Mailer, Peachtree Business Products, PSC, Quala, Waste Pro, and GFL Environmental. U.S. Roark Capital Group is an American private equity firm with over $33 billion in assets under management. (417) 334-3196. 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. The Bar Method is a leading low-impact studio fitness franchise with locations across the US and Canada. Our goal is to be the preferred capital source for private equity solutions by earning the respect of everyone we interact with. READ MORE, Site Map | Search | Terms of Use | Privacy Policy | Accessibility, Roark Suite 2500 Its pretty exciting to be part of helping people realize their dreams, Aronson says of franchising. 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. In the book, the character doesnt bow to conventional wisdom and is seen as an authentic innovator. Was decided. Founded in 1972, Meineke is an automotive aftermarket industry pioneer and leading provider of repair and maintenance services. He refuses to follow fads, trends, or popularity. Makers of industrial parts and telecom infrastructure providers play a crucial role in the economy, but you don't see their commercials on TV. 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. 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 . [16], Inspire Brands on September 25, 2018 announced that it was buying Oklahoma City-based Sonic Drive-In for $2.3 billion. Roark Capital founder Neal Aronson has helped the firm grow to include several premier quick-service companies, including CKE and Arbys. Jimmy John's Franchise, LLC is an American franchised sandwich fast food restaurant chain owned by Inspire Brands. RB American is the largest Arby's franchisee, operating 370 restaurants across 9 states. www.roarkcapital.com, Roark None were restaurants. 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.. You don't drive past their logos every time you leave the house. 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 . Few of Arbys issues were present at CKE, which was acquired from private equity firm Apollo Global Management. FOCUS Brands is also the franchisor of Seattle's Best Coffee on certain military bases and in certain international markets. [24], Inspire received Franchise Times 2019 Dealmaker of the Year award for its acquisitions of Buffalo Wild Wings and Sonic Drive-In.[25]. Web page addresses and e-mail addresses turn into links automatically. Theres also Green Burrito and Red Burrito, which cobrand with some Carls Jr. and Hardees, while Roark also franchises Seattles Best Coffee internationally. 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.. The company, which was sold by Roark Capital Group to Pandya Restaurant Growth Brands in October 2020, has two locations in San Antonio, Texas. Franchise Systems, an Atlanta-based hotel franchisor that began with one brand and 22 hotels in nine states. Founded in 1999, KE Camps is the leading operator of day camps for country clubs, Baseball Academy brings together college and high school coaches to provide camp programs to aspiring baseball and softball players across the United States. 37th Floor 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. Others acquire companies, do some financial engineering, and then flip them after a few years. He plans to structure the company similar to Hilton Hotels & Resorts. CHARLOTTE, N.C., March 30, 2016 /PRNewswire/ -- Driven Brands, a portfolio company of Roark Capital and the nation's leading automotive franchisor . The deal shocked an industry already stunned by the unprecedented market changes they were seeing as coronavirus shut down much of the nation. It was the public. . 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. We believe that successful partnerships begin with providing a compelling value proposition to all business constituencies. For more information visit www.roarkcapital.com. Roark Capital Group acquired Corner Bakery in 2011 from Il Fornaio Corporation. Were just not big believers in shortcuts, Aronson says. Our consumer products and services investments have included Driven Brands (the owner of ABRA, ATI, CARSTAR, International Car Wash Group, Maaco, Meineke, Take 5, Uniban, 1800 Radiator, Auto Glass Now, and others), ServiceMaster Brands (the owner of ServiceMaster Restore, ServiceMaster Clean, Merry Maids, Furniture Medic, AmeriSpec, and Two Men and a Truck), Pet Supermarket, Pet Valu, Orangetheory Fitness, Massage Envy, Mathnasium, Primrose Schools, Self Esteem Brands (the owner of Anytime Fitness, Basecamp Fitness, The Bar Method, Waxing the City, and Stronger U), Fitness Connection, Youth Enrichment Brands (the owner of US Sports Camps, US Baseball Academy, i9 Sports, Streamline Brands and KE Camps), Great Expressions Dental Centers, and previously Atkins Nutritionals, Batteries Plus Bulbs, Drybar, FASTSIGNS, and US Franchise Systems. Baseball Academy. We are delighted to be a part of the Roark family. Affiliates of Roark Capital Group have sold the Dallas-based Corner Bakery Cafe brand to Pandya Restaurant Growth Brands LLC, the companies said Thursday. Roark Capital Group Contact: Debra Vilchis Fishman Public Relations 847-945-1300 [emailprotected], Cision Distribution 888-776-0942 Global network of franchises providing residential and commercial restoration services, including water damage, smoke and fire damage, mold remediation, and disaster recovery. International Car Wash Group is the world's largest local car wash company, with operations in the U.S., Europe and Australia. Neal K Aronson is Managing Partner/Founder at Roark Capital Group. Roark Capital is an Atlanta-based private equity firm. Email this Business. Roark Capital | 12,241 followers on LinkedIn. 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. Furniture Medic is a global leader and franchisor in the furniture repair and restoration industry. 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. 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. It takes time to build a really good company, to make it sustainable, and make the growth something thats long term.. 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. Were growers, not cutters. As chief financial officer at U.S. [20], Inspire Brands on October 25, 2020 announced that it was buying Dunkin' Brands for $11.3 billion. You can unsubscribe at any time by clicking on the unsubscribe link at the bottom of our emails.