403 Veterans Blvd. Roark Capital Group 1180 Peachtree Street NE Description. Neal K Aronson, Roark Capital Group: Profile and Biography Roark Capital Group Inc - Company Profile and News Neal K Aronson is Managing Partner/Founder at Roark Capital Group. Suite 2500 Waxing the City is a growing network of waxing studios with an emphasis on superior waxes, highly-trained staff, and compassionate customer service. 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. Take 5 Oil Change has a phenomenal brand, operating model, and team led by Marc. 1180 Peachtree Street NE Roark Capital Group owns other dining-out favorites, including Arby's, Auntie Anne's, Cinnabon, Carvel Ice Cream, Moe's Southwest Grill, and Wingstop. ATLANTA OFFICE In the multi-step deal spelled out in Mondays SEC filings, Roark will distribute 150,000 of its 200,000 preferred Cheesecake shares to three subsidiaries. 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. Arbys same-store sales rose 2.8 percent last year and have grown every quarter since Roark acquired the chain. Known as 'America's Bodyshop', Maaco is a leading provider of auto painting and light collision repair services. Inspire Brands is a privately owned equity company that falls under the management of Roark Capital Group . Morningstar Institutional Equity Research. Corner Bakery sold to Pandya Restaurant group ", Ezra Field, Senior Managing Director and Chief Investment Officer at Roark, said, "ICWG's quick conveyor car wash model provides high-quality washes at an affordable price point that is attractive to today's consumers who demand convenience and value. Buffalo Wild Wings is sold to owner of Arby's, Jimmy John's Atlanta-based private-equity Roark Capital Group invested in the concept in 2015. 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. Culver's is a family-favorite restaurant known for their ButterBurgers, Fresh Frozen Custard & Wisconsin Cheese Curds. Arby's owner Roark Capital Group said on Tuesday it would buy Buffalo Wild Wings Inc <BWLD.O> for $2.4 billion, . 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. Cinnabon is an American chain of bakeries known for their "World Famous Cinnamon Rolls.". Private equity often involves deals of dizzying size to buy companies your average consumer has never heard of. Inspire Brands is majority-owned by affiliates of Roark Capital Group. Founded in 1999, KE Camps is the leading operator of day camps for country clubs, Roark is now one of the largest holding companies in foodservice, with brands ranging from Auntie Annes to Sonic, Jimmy Johns, Arbys, Moes Southwest Grill, Schlotzskys, Carvel, 50% of Culvers, Millers Ale House and Rusty Taco. . It was the public. Pet Supermarket is the largest specialty retailer of pet food and pet-related supplies based in the southeastern US. Roark focuses on franchised and multi-unit business models in the retail, restaurant, consumer and business services sectors. Few of Arbys issues were present at CKE, which was acquired from private equity firm Apollo Global Management. Number 8860726. 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.. Romaniello became the operating partner, and Hill was added as vice president of franchising and foodservice. Since inception, affiliates of Roark have acquired 105 franchise/multilocation brands which generate approximately $70 billion in system revenues from ~67,700 locations located in 50 states and 89 countries. That step will leave him with 2.4 million shares. It met Roarks expertise then: a franchised business in the hospitality arena. 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. He plans to structure the company similar to Hilton Hotels & Resorts. Did inspire brands buy jimmy johns? As the Atlanta-based private equity firm that owns Massage Envy, Roark Capital Group published a plan in 2017 to address the . Uniban is a leading network of glass repair and replacement service centers across North America. US Sports Camps is the nations leading youth sports camp company, serving more than 100,000 campers across 1,200+ camps in 48 states. serving 10,000+ campers 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 previously announced acquisition of UK-based International Car Wash Group from TDR Capital LLP. New York, NY 10022 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. When the company was sold in 2000, it had three brands and some 500 hotels in all 50 states and five countries. 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. www.roarkcapital.com, Roark Portfolio Employees Assistance Fund. Fitness Connection is a leading player in the "High Value, Low Price (HVLP)" segment of the fitness industry. There hadnt been a new flavor in five years or a new product in eight. 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. Roark's current brands include Anytime Fitness, Arby's, Atkins Nutritionals, Batteries Plus Bulbs, CKE Restaurants (the owner of Carl's Jr. and Hardee's), Corner Bakery, Driven Brands (the owner of Maaco, Meineke, CARSTAR, 1-800-Radiator and Take 5 Oil Change), Drybar, FOCUS Brands (the owner of Auntie Anne's Pretzels, Carvel Ice Cream, Cinnabon, McAlister's Deli, Moe's Southwest Grill, and Schlotzsky's), Great Expressions Dental Centers, Il Fornaio, Jimmy John's, Jim 'N Nick's, Massage Envy, Miller's Ale House, Naf Naf Grill, Orangetheory Fitness, Pet Retail Brands (the owner of Pet Supermarket and Pet Valu), Primrose Schools and Waxing the City. Roark Capital Group is an Atlanta-based private equity firm with over $6 billion in equity capital. None were restaurants. 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. Some firms seek investments that fit into specific size parameters. Its holdings in the restaurant industry include investments in Arby's, Corner Bakery, Jimmy John's, Wingstop and FOCUS Brands, which owns chains such as Cinnabon and Schlotzsky's. 540 Madison Ave Roark Capital Group specializes in franchises in the food service, retail and consumer services industries. We want to partner with entrepreneurs and executives who share this vision. 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. When Darden sold Red Lobster in 2014, it was to Golden Gate Capital, who also owned Romano's Macaroni Grill from 2008 to 2013. [11] Brown expected that Inspire would acquire additional chains in different segments. The firms first acquisition was Carvel in 2001 for $26 million. 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.. I agree to receive PitchBook Data's electronic newsletters, updates, promotions and related messages "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. 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 (404) 591-5200 [11][12] Arby's CEO Paul Brown was selected to continue as Inspire Brands CEO. HOME Wingstop has a total market capitalization of a gigantic $4.73 billion! 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. Howard Roarks characteristics led to Roark Capitals 12 core values, including commitment, integrity, collaboration, and accountability. Baseball Academy (Youth Enrichment Brands), U.S. Sports Camps (Youth Enrichment Brands), Roark Portfolio Employees Assistance Fund. Roark Capital | 12,241 followers on LinkedIn. Roark :: Current Investments - Roark Capital Group Roarks strategy is to focus on a few industries and dive deeply into them, gaining knowledge and insight that is important to make acquisitions and providing expertise to its operating company managers, who typically hold an equity stake. Who owns the most Arby's franchises? 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. 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. serving 10,000+ campers per year. 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. CHARLOTTE, N.C., March 30, 2016 /PRNewswire/ -- Driven Brands, a portfolio company of Roark Capital and the nation's leading automotive franchisor . 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. How are the unit-level economics? How Roark Capital's Neal Aronson won over franchisees to build a $54 billion fast-food juggernaut with brands like Arby's, Dunkin', and Buffalo Wild Wings. Basecamp Fitness is a growing network of fitness studios featuring high-intensity and high-energy workout sessions. Roark Capital Acquires ServiceMaster Brands. Driven Brands Holdings Inc, one of the largest U.S. auto services franchisers, is looking to raise as much as $760 million . 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. The securities filing states that Aronson will have the discretion to manage the shares as he sees fit. 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. Theyre very entrepreneurial., Besides, he says, theyre just plain good guys.. Maintaining Automated Tests in TAF for V1 platform for API testing 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 . 540 Madison Ave Judd Kyle Shader - Founder & Executive Chairman - LinkedIn Roark focuses on middle market investment opportunities through family-owned business transfers, management and corporate buyouts . For more information visit www.roarkcapital.com. Contact Ron Ruggless at [emailprotected], /sites/all/themes/penton_subtheme_nrn/images/logos/footer.png. Miller's appears to be in good hands with its current owners. We dont know when yet, but it will happen, he says. By the time Focus Brands--an arm of Atlanta-based private equity firm, Roark Capital Group--took over the company in 2006 they had sold or closed all but one franchise. 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. www.roarkcapital.com, Roark 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. 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. Roark Capital-owned Driven Brands targets over $3 bln valuation in IPO. Roark NEW YORK OFFICE 540 Madison Ave 37th Floor New York, NY 10022 Phone (212) 806-6000 Fax (212) 518-2028 www.roarkcapital.com If you work your tail off and follow the rules, you can be successful. Cheesecake only franchises abroad, and on a limited basis, and it is positioned squarely in the upper echelon of casual dining. 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 . Who is the CEO of Sonic? Aronson will surrender 47,517 of the common shares to Cheesecake in exchange for $10.4 million in cash. Founded in 1972, Meineke is an automotive aftermarket industry pioneer and leading provider of repair and maintenance services. Sign up to receive texts from Restaurant Business on news and insights that matter to your brand. Was decided. Corner Bakery Files for Bankruptcy Protection As Office Worker Global network of franchises providing residential and commercial restoration services, including water damage, smoke and fire damage, mold remediation, and disaster recovery. Roark has a history of creating jobs, providing opportunities, and helping people and companies realize their potential. The Take 5 Oil Change management team will remain at the helm, and the headquarters will remain in New Orleans. For more information, please visit www.roarkcapital.com. The Rinse-and-Repeat Franchise Model That Makes This Couple $25 Million The acquisitions are a team effort, Hill says, relying on Roarks operational, financial, and other resources. 540 Madison Ave
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