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. [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. Winsight is a leading B2B information services company focused on the food and beverage industry, providing insight and market intelligence to business leaders in every channel consumers buy food and beverage convenience stores, grocery retailing, restaurants and noncommercial foodservice through media, events, data products, advisory services, and trade shows. In the early days, there were real synergies and reasons to put companies together in Focus, says Hill, who became Cinnabons president. Youth Enrichment Brands encompasses US Sports Camps, i9 Sports, Streamline Brands, and U.S. 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. In its 13 years in existence, Roark has sold only three companies. 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. operator of swim schools for children of all ages, serving over 150,000 swimmers per year. In 2016 Liautaud sold a majority share in the company to Roark Capital. Driven Brands manages a family of automotive companies including Maaco, Meineke Car Care Centers, CARSTAR North America, 1-800 Radiator & A/C, which collectively generate annual system revenues of more than $2.1 billion. 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. We dont know when yet, but it will happen, he says. ABRA is a leading network of franchised automotive collision repair shops. The stake will be controlled by Roark founder and managing partner Neal Aronson, according to securities documents filed Monday. Roark Capital Group, the owner of restaurant chain Arby's, plans to buy Buffalo Wild Wings for $2.4 billion. Theyre all different, and so I think weve gotten better at it, he says. 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. Neal Aronson founded Roark Capital in . | Roark is an Atlantabased private equity firm with $35 billion in assets under management. Roark NEW YORK OFFICE 540 Madison Ave 37th Floor New York, NY 10022 Phone (212) 806-6000 Fax (212) 518-2028 www.roarkcapital.com Contact Ron Ruggless at [emailprotected], /sites/all/themes/penton_subtheme_nrn/images/logos/footer.png. Nothing Bundt Cakes is a leading franchisor and operator of gourmet bakeries. Private equity often involves deals of dizzying size to buy companies your average consumer has never heard of. As the Atlanta-based private equity firm that owns Massage Envy, Roark Capital Group published a plan in 2017 to address the . www.roarkcapital.com, Roark Nothing Bundt Cakes is a leading franchisor and operator of gourmet bakeries. As of 2021, Wingstop makes a net income of about $42 million a year. The Company provides a comprehensive suite of services primarily to retail, fleet, and industrial consumers. If its franchising, it better be great unit-level economics, or a franchisee would never get involved in it.. Massage Envy is the leading provider of therapeutic massage and skincare services in the U.S. Members help make our journalism possible. Web page addresses and e-mail addresses turn into links automatically. Later on, it was sold to the Roark Capital Group back in 2010. Inspire Brands and Roark Capital Group own Arby's. The two companies are the parent organizations of Arby's. Inspire Brands is an American holding company and the owner and franchiser of many food industry companies, such as Arby's, Buffalo Wild Wings, Sonic Drive-In, Jimmy John's, Rusty Taco, and others. Fitness Connection is a leading player in the "High Value, Low Price (HVLP)" segment of the fitness industry. Affiliates of Roark Capital Group have sold the Dallas-based Corner Bakery Cafe brand to Pandya Restaurant Growth Brands LLC, the companies said Thursday. privacy policy or contact Flower Child is a growing, fast casual restaurant offering a customizable menu, made fresh from scratch, featuring locally-sourced, all-natural and organic ingredients. Phone (212) 806-6000 Baseball Academy. Jul 22, 2013, 08:00 ET. He refuses to follow fads, trends, or popularity. 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. Driven Brands is the largest automotive services company in North America. If you work your tail off and follow the rules, you can be successful. Cheesecake operates its namesake brand and a high-volume Italian casual concept called North Italia. Fax (212) 518-2028 I called Neal and said, What have you gotten me into? Romaniello says. 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: . 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. You can unsubscribe at any time by clicking on the unsubscribe link at the bottom of our emails. Arby's restaurant owner Roark Capital Group will buy Buffalo Wild Wings for $2.4 billion, months after an activist investor won seats on the chicken wing restaurant's board following a proxy . For 91 years, we've been helping people take control of their financial futures. Through its ownership of Fox Restaurant Group, a concept incubator, it also holds the rights to develop Flower Child, Culinary Dropout, Fly Bye and a host of other small brands. The brand offers 8- and 10-inch bundt cakes, Bundtlets and Bundtinis in multiple flavors that are hand-crafted and baked on-site. Roark Capital Group is an Atlanta-based private equity firm with over $6 billion in equity capital. Today, we're one of the world's largest investment management organizations, managing $2.2 trillion.*. 1180 Peachtree Street NE Roark Capital Acquires ServiceMaster Brands. 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. Take 5 Oil Change has a phenomenal brand, operating model, and team led by Marc. from 8 AM - 9 PM ET. 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. 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. 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. That step will leave him with 2.4 million shares. www.roarkcapital.com. Suite 2500 New York, NY 10022 It takes time to build a really good company, to make it sustainable, and make the growth something thats long term.. Baskin-Robbins, the worlds largest chain of ice cream specialty shops, is known for its variety of 31 flavors of ice cream, along with their creative ice cream cakes, milkshakes, and ice cream sundaes. Finally, in 2015, the final answer to the previous question, who owned Wingstop? Arby's owner Roark Capital Group said on Tuesday it would buy Buffalo Wild Wings Inc <BWLD.O> for $2.4 billion, . When Darden sold Red Lobster in 2014, it was to Golden Gate Capital, who also owned Romano's Macaroni Grill from 2008 to 2013. For more information visit www.take5oilchange.com. 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. If capital and expertise are needed to help the brands grow, well provide that.. Known as 'America's Bodyshop', Maaco is a leading provider of auto painting and light collision repair services. Roark Capital Group acquired Corner Bakery in 2011 from Il Fornaio Corporation. See Neal K Aronson's compensation, career history, education, & memberships. Become a Restaurant Business member today and unlock exclusive benefits, including unlimited access to all of our content. [11][12] Arby's CEO Paul Brown was selected to continue as Inspire Brands CEO. The deal specifies that Ginsberg and Aronson are locked up for 60 days from trying to amass a controlling interest in Cheesecake. Merry Maids is a leading franchisor and provider of home cleaning services. Global network of franchises providing residential and commercial restoration services, including water damage, smoke and fire damage, mold remediation, and disaster recovery. [16], Inspire Brands on September 25, 2018 announced that it was buying Oklahoma City-based Sonic Drive-In for $2.3 billion. "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. When typing in this field, a list of search results will appear and be automatically updated as you type. 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. Meineke provides all regularly scheduled maintenance services, along with repair and replacement of vehicle components. In the U.S., ICWG operates under the banners of Car Wash USA Express, Goo-Goo, Zippy's, Car Wash Express, and Supersonic Car Wash. ICWG is committed to delivering consistent wash quality for the customer while minimizing the impact on the environment. Roark Portfolio Employees Assistance Fund. Global network of franchises providing janitorial services, carpet cleaning, hard surface floor care, tile and grout cleaning, and upholstery cleaning. Dunkin is famous for its combination of high-quality coffees, espresso beverages, baked goods, and breakfast sandwiches served all day with fast, friendly service. That's because we've stayed true to our core beliefs, our approach to investing and our commitment to community. 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. Moe's Southwest Grill is the neighborhood burrito place offering flavorful Southwestern fare with a healthy twist. The purchase of the burger chains parent, CKE Inc., which has nearly 3,450 units around the world, is Roarks biggest deal yet, and it solidified the 13-year-old firms position as one of the worlds largest limited-service dining companies.
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