. . In addition to the franchise brands it owns, the Italian company also designs, makes and distributes fashion, luxury and sports eyewear under almost 20 brand names such as Ray-Ban . Driven Brands is the largest automotive services company in North America. Sign up here. Massage Envy is the leading provider of therapeutic massage and skincare services in the U.S. 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. Cheesecake will then repurchase the stock for $446.9 million. Romaniello and Hill moved to Roark in 2008 to help with acquisitions and operations. 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. 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. 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. Nothing Bundt Cakes is a leading franchisor and operator of gourmet bakeries. Roark has a history of creating jobs, providing opportunities, and helping people and companies realize their potential. As chief financial officer at U.S. Founded in 1983, Jimmy John's offers high-quality sandwiches with rapid preparation. Fax (212) 518-2028 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 . Roark ATLANTA OFFICE 1180 Peachtree Street NE Suite 2500 Atlanta, Georgia 30309 Phone (404) 591-5200 Fax (404) 591-5201 www.roarkcapital.com. ABRA is a leading network of franchised automotive collision repair shops. The Take 5 Oil Change management team will remain at the helm, and the headquarters will remain in New Orleans. Roark Capital Group, the owner of restaurant chain Arby's, plans to buy Buffalo Wild Wings for $2.4 billion. If capital and expertise are needed to help the brands grow, well provide that.. See our history. Our portfolio companies span multiple industries including food, restaurants, consumer and business services, health, wellness and fitness, and education and youth activities. Founded in 1999, KE Camps is the leading operator of day camps for country clubs, We have been slowly and methodically learning as much as we can about restaurants, Romaniello says. Roark Capital Group finalized its deal to acquire Buffalo Wild Wings for $2.9 billion on February 5. 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. Atlanta, Georgia 30309 With this acquisition, Driven Brands continues to expand its Quick Lube division, which also includes Pro Oil Change and Driven Florida Lubes. 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. 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. Fax (404) 591-5201 Article continues below . We like growth, and were looking to invest in growth.. Rating. ", Matt Kaelin, Managing Director at Roark, added, "We are looking forward to working with Mike Smith, Bill Derwin, and the rest of the management team to continue to build the business.". ServiceMaster Brands is the parent company of ServiceMaster Restore, ServiceMaster Clean, Merry Maids, TWO MEN AND A TRUCK, AmeriSpec, and Furniture Medic. Roark Capital Acquires ServiceMaster Brands. Most of Carvels resources had been diverted to its supermarket business, which angered franchisees. www.roarkcapital.com, Roark It was the public. Suite 2500 READ MORE, Site Map | Search | Terms of Use | Privacy Policy | Accessibility, Roark Miscellaneous . Cheesecake opted to trade 200,000 shares of preferred stock to Roark for $200 million. FOCUS Brands is also the franchisor of Seattle's Best Coffee on certain military bases and in certain international markets. Roark Capital Group is buying the 37-unit Jim 'N Nick's Bar-B-Q, the company said on Monday, in a deal that gives the Atlanta-based, private-equity group its 20th restaurant brand. When typing in this field, a list of search results will appear and be automatically updated as you type. Suite 2500 The Company provides a comprehensive suite of services primarily to retail, fleet, and industrial consumers. Mathnasium is a leading franchisor of math learning centers with over 1,000 locations across 46 states and 12 countries. The latest from Restaurant Business, sent straight to your inbox. Content warning: This article covers allegations of sexual assault. Theyre very entrepreneurial., Besides, he says, theyre just plain good guys.. The company, which was sold by Roark Capital Group to Pandya Restaurant Growth Brands in October 2020, has two locations in San Antonio, Texas. Focus added Schlotzskys in 2006, Moes Southwest Grill in 2007, and Auntie Annes in 2010. All rights reserved. Will the Fast-Food Dining Room Live On After COVID? CKE is one of the world's largest franchisors and operators of quick-service restaurants under the Carls Jr. and Hardees brand banners. Arby's owner Roark Capital Group said on Tuesday it would buy Buffalo Wild Wings Inc <BWLD.O> for $2.4 billion, . CARSTAR is the largest franchise network of automotive collision repair shops in North America. For over 30 years, Culvers guests have been treated to cooked-to-order food made with farm-fresh ingredients, served with a smile. Responsibilities. The Company focuses on management of buy-outs, acquisitions, mergers, recapitalizations, restructuring, business transfers, corporate divestiture, and other situations. Neal Aronson founded Roark Capital in . www.roarkcapital.com, Roark Portfolio Employees Assistance Fund. The following year, Focus Brands was formed to hold Roarks foodservice acquisitions. Waxing the City is a growing network of waxing studios with an emphasis on superior waxes, highly-trained staff, and compassionate customer service. Terms of . Phone (404) 591-5200 Founded in 1975 and headquartered in San Rafael, CA, US Sports camps is the licensed operator of Nike Sports Camps. The firms first acquisition was Carvel in 2001 for $26 million. READ MORE, Invest in Good is Roarks multi-faceted commitment to long-term social impact initiatives. operator of swim schools for children of all ages, serving over 150,000 swimmers per year. US Sports Camps offering spans 19 different physical sports, Esports, and academic programs for campers ranging from 6 to 18 years old. [18], Inspire Brands announced that it was buying Jimmy John's on September 25, 2019. Known as 'America's Bodyshop', Maaco is a leading provider of auto painting and light collision repair services. This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. Buffalo Wild Wings also owned the Rusty Taco chain. See Neal K Aronson's compensation, career history, education, & memberships. NEW YORK OFFICE Roark Capital Group Inc. operates as a private equity firm. Cheesecake only franchises abroad, and on a limited basis, and it is positioned squarely in the upper echelon of casual dining. 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. The Bar Method is a leading low-impact studio fitness franchise with locations across the US and Canada. Although CKE has debtthe company refinanced $1 billion last yearAronson says its very manageable. That's because we've stayed true to our core beliefs, our approach to investing and our commitment to community. Our Core Values have always guided the ways we support our people, businesses, and community, and guide us in how we Invest in Good. Founded in 1984, Take 5 Oil Change operates 65 quick oil change facilities across nine states throughout the Southeast. Schlotzsky's is a chain of quick casual restaurants offering made-to-order sandwiches, soups, salads and pizza. Phone (212) 806-6000 Founded in 1983, Jimmy John's offers high-quality sandwiches with rapid preparation. Author has 4.2K answers and 3.1M answer views. ATLANTA, Feb. 4, 2019 /PRNewswire/ -- Roark Capital, an Atlanta -based private equity firm focused on investing in multi-unit businesses, announced today . He follows what he believes.. It takes time to build a really good company, to make it sustainable, and make the growth something thats long term.. www.roarkcapital.com. In the early days, there were real synergies and reasons to put companies together in Focus, says Hill, who became Cinnabons president. Inspire Brands is majority-owned by affiliates of Roark Capital Group. 37th Floor Aronson began his career in investment banking and private equity in New York, working for several firms, including hedge fund Odyssey Partners. Howard Roarks characteristics led to Roark Capitals 12 core values, including commitment, integrity, collaboration, and accountability. 37th Floor 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. These are very smart people, he says. 1-800 Radiator is the largest franchised automotive parts distributor in North America. 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. Fax (212) 518-2028 Email this Business. 540 Madison Ave Become a Restaurant Business member today and unlock exclusive benefits, including unlimited access to all of our content. At Roark, that patience is being tested with Arbys. The deal specifies that Ginsberg and Aronson are locked up for 60 days from trying to amass a controlling interest in Cheesecake. 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. In the book, the character doesnt bow to conventional wisdom and is seen as an authentic innovator. We want CKE to reach their potential, just like all of Roarks other brands, he says. 37th Floor The securities filing states that Aronson will have the discretion to manage the shares as he sees fit. Was decided. Baseball Academy brings together college and high school coaches to provide camp programs to aspiring baseball and softball players across the United States. 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. . All of those characteristics have helped turn Roark into one of the biggest influencers in the quick-service industry. Suite 2500 [23], On December 19, 2022, Inspire Brands announced that it had sold Rusty Taco to Gala Capital Partners, owner of Cicis Pizza, Dunn Brothers Coffee, and Mooyah. serving 10,000+ campers per year. [8] Inspire Brands is majority-owned by affiliates of Roark Capital Group. Roark Capital Group specializes in franchises in the food service, retail and consumer services industries. Schlotzsky's is a chain of quick casual restaurants offering made-to-order sandwiches, soups, salads and pizza. The purchases were financed primarily through Roarks first private equity fund. 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 . 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. 540 Madison Ave When Darden sold Red Lobster in 2014, it was to Golden Gate Capital, who also owned Romano's Macaroni Grill from 2008 to 2013. He now owns the Gulfstream G-IV with registration . McAlister's is a franchise chain of quick casual restaurants offering a variety of sandwiches, salads, soups, wraps and desserts. 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.
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