Phone (212) 806-6000 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. Is Arby's Roast Beef real or processed meat? Roark focuses on middle-market investment opportunities through family-owned business transfers, anagement/corporate buyouts, recapitalizations, going-private transactions, and corporate divestitures. The firm has $3 billion in capital under management, raised through three successively larger private-equity funds. Wingstop has a total market capitalization of a gigantic $4.73 billion! Fax (212) 518-2028 [21][22] The acquisition was completed on December 15, 2020. If you work your tail off and follow the rules, you can be successful. 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. US Sports Camps is the nations leading youth sports camp company, serving more than 100,000 campers across 1,200+ camps in 48 states. Roark Capital Group finalized its deal to acquire Buffalo Wild Wings for $2.9 billion on February 5. 1-800 Radiator is the largest franchised automotive parts distributor in North America. Roark Capital | 12,241 followers on LinkedIn. Jimmy John's Franchise, LLC is an American franchised sandwich fast food restaurant chain owned by Inspire Brands. 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. Arby's owner Roark Capital Group said on Tuesday it would buy Buffalo Wild Wings Inc <BWLD.O> for $2.4 billion, . The transaction will apparently not cost Paul Ginsberg, Roark Capitals president, his seat on Cheesecakes board. Sign up to receive texts from Restaurant Business on news and insights that matter to your brand. The Take 5 Oil Change management team will remain at the helm, and the headquarters will remain in New Orleans. Moe's Southwest Grill is the neighborhood burrito place offering flavorful Southwestern fare with a healthy twist. 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. Were just not big believers in shortcuts, Aronson says. The deal specifies that Ginsberg and Aronson are locked up for 60 days from trying to amass a controlling interest in Cheesecake. 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. [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. With this acquisition, Driven Brands continues to expand its Quick Lube division, which also includes Pro Oil Change and Driven Florida Lubes. US Sports Camps offering spans 19 different physical sports, Esports, and academic programs for campers ranging from 6 to 18 years old. Driven Brands is the largest automotive services company in North America. operator of swim schools for children of all ages, serving over 150,000 swimmers per year. U.S. Roark Capital Group is an American private equity firm with over $33 billion in assets under management. Founded in 1983, Jimmy John's offers high-quality sandwiches with rapid preparation. 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. Private-equity firm had taken minority stake in fast-casual Middle Eastern concept in 2015, 2023 Informa USA, Inc., All rights reserved, NRN editors talk about the NRAs recent report, what happens when children are banned from restaurants, and celebrity marketing, Duffys Sports Grill Mastered Gift Cards in a Flash, Examining new ways to collect restaurant guest data, It's time to Roll Up to Win at Tim Hortons with exciting new prizes, Subway opens new dual headquarters building in Miami, Menu Tracker: New items from Burger King, KFC, and Chipotle, San Diegos Trust Restaurant Group drives retention, innovation with culture of yes, Nations Restaurant News launches new CREATE Roadshow event series, Allowed HTML tags: . 403 Veterans Blvd. 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. "Take 5 Oil Change is an ideal addition to our portfolio of brands. "Arby's Restaurant Group" redirects here. ", 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.". Nothing Bundt Cakes is a leading franchisor and operator of gourmet bakeries. They are an extremely knowledgeable group, he says, noting that the firms buy-and-hold philosophy is important to him as a lender and franchisee. RB American is the largest Arby's franchisee, operating 370 restaurants across 9 states. [13] Co-owner The Wendy's Company's stake was reduced from 18.5% to 12.3% due to the infusion of capital from Roark Capital to fund the purchase. 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. The fast . Jimmy John's and Rusty Taco parent company has completed its acquisition of Dunkin' Brands Group for $11.3 billion (or . It met Roarks expertise then: a franchised business in the hospitality arena. Howard Roarks characteristics led to Roark Capitals 12 core values, including commitment, integrity, collaboration, and accountability. These are very smart people, he says. We dont know when yet, but it will happen, he says. Article continues below . The firm seeks to invest in consumer and business service companies in the restaurant, specialty retail, consumer and business services, and health, wellness, and beauty sectors. Roark Capital Group Inc. operates as a private equity firm. 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. 1-800 Radiator is the largest franchised automotive parts distributor in North America. Become a Restaurant Business member today and unlock exclusive benefits, including unlimited access to all of our content. 37th Floor Jul 22, 2013, 08:00 ET. Baseball Academy brings together college and high school coaches to provide camp programs to aspiring baseball and softball players across the United States. Roark ATLANTA OFFICE 1180 Peachtree Street NE Suite 2500 Atlanta, Georgia 30309 Phone (404) 591-5200 Fax (404) 591-5201 www.roarkcapital.com. Culver's is a family-favorite restaurant known for their ButterBurgers, Fresh Frozen Custard & Wisconsin Cheese Curds. Fax (212) 518-2028 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. 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. The Cheesecake Factory is reacquiring most of the equity stake held by Buffalo Wild Wings parent Roark Capital in a transaction valued at $457.3 million. FOCUS Brands is also the franchisor of Seattle's Best Coffee on certain military bases and in certain international markets. Roark Capital Acquires Fitness Connection. In 2016 Liautaud sold a majority share in the company to Roark Capital. There were four CEOs in six years, a problem Aronson blames on previous ownership. from 8 AM - 9 PM ET. Thats key. . You don't drive past their logos every time you leave the house. [18], Inspire Brands announced that it was buying Jimmy John's on September 25, 2019. Founder & Chief Executive Officer. All of those characteristics have helped turn Roark into one of the biggest influencers in the quick-service industry. The following year, Focus Brands was formed to hold Roarks foodservice acquisitions. www.roarkcapital.com, Roark . That is part of our obligation to our investors.. When I talked to Jack, he yelled at me and shamed me into starting Roark, Aronson says. Dunkin is famous for its combination of high-quality coffees, espresso beverages, baked goods, and breakfast sandwiches served all day with fast, friendly service. Take 5 Oil Change is the market leader in speed and quality, and is the fastest growing quick lube chain in the country. 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.. In 1996 Take 5 designed the first "5 Minute Drive-Thru Oil Change" location. The moves largely undo Roarks $200 million equity investment in Cheesecake back in April 2020, when the pandemic was just beginning. 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. Our goal is to be the preferred capital source for private equity solutions by earning the respect of everyone we interact with. Roark Capital Group owns other dining-out favorites, including Arby's, Auntie Anne's, Cinnabon, Carvel Ice Cream, Moe's Southwest Grill, and Wingstop. ", "This is a tremendous opportunity for Take 5 Oil Change to grow our business to the next level," said Graham. At Roark, we believe the best way to create value is to form a close partnership with outstanding operating executives and a value-added Board of Directors. [11][12] Arby's CEO Paul Brown was selected to continue as Inspire Brands CEO. 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 . So far, it seems the risk is paying off. Terms of . Phone (404) 591-5200 Furniture Medic is a global leader and franchisor in the furniture repair and restoration industry. You can unsubscribe at any time by clicking on the unsubscribe link at the bottom of our emails. Roark Capital Group serves customers in the United States. Roark differs in many ways from other private equity companies. Founded in 2003, i9 Sports is a leading franchisor of community-based, multi-sport leagues for children ages 3-14, serving over 3 million kids since inception. Theyre very entrepreneurial., Besides, he says, theyre just plain good guys.. Roark Capital Group, the owner of restaurant chain Arby's, plans to buy Buffalo Wild Wings for $2.4 billion. from 8 AM - 9 PM ET. Roark Capital Group. How are the unit-level economics? 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. refer to our Members help make our journalism possible. In the announcement, ServiceMaster says: "The transaction will position the . CHARLOTTE, N.C., March 30, 2016 /PRNewswire/ -- Driven Brands, a portfolio company of Roark Capital and the nation's leading automotive franchisor . They really know restaurants, says Andy Puzder, chief executive of Carpinteria, Californiabased CKE. The firms first acquisition was Carvel in 2001 for $26 million. 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. 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 . Uniban is a leading network of glass repair and replacement service centers across North America. Inspire operates Support Centers in Atlanta, Oklahoma City, Champaign, Minneapolis, and Canton, Massachusetts. 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. Inspire Brands, Inc. is an American holding company and the owner and franchisor of the Arby's, Buffalo Wild Wings, Sonic Drive-In, Jimmy John's, Mister Donut, Dunkin' Donuts and Baskin-Robbins restaurant chains. New York, NY 10022 Baseball Academy (Youth Enrichment Brands), U.S. Sports Camps (Youth Enrichment Brands), Roark portfolio company, Youth Enrichment Brands, acquires i9 Sports. 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. 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. Basecamp Fitness is a growing network of fitness studios featuring high-intensity and high-energy workout sessions. We look forward to partnering and helping accelerate their growth plans. 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. It has strong unit-level growth and is stable, with an excellent management team and differentiated brands, Aronson says. Jamba is a category-leading smoothie and juice chain that offers a variety of high quality smoothies, juices, bowls and other products. That step will leave him with 2.4 million shares. Jimmy John's is one of the largest sandwich chains in the US. It is part of Flynn Restaurant Group which also operates 441 . 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. Site Map | Search | Terms of Use | Privacy Policy | Accessibility, Roark 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. Flower Child is a growing, fast casual restaurant offering a customizable menu, made fresh from scratch, featuring locally-sourced, all-natural and organic ingredients. 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. 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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. Cheesecake only franchises abroad, and on a limited basis, and it is positioned squarely in the upper echelon of casual dining. . 1180 Peachtree Street NE Today, we're one of the world's largest investment management organizations, managing $2.2 trillion.*. Inspire Brands is the franchisor and operator of the Arbys, Buffalo Wild Wings, Jimmy Johns, SONIC, Dunkin, and Baskin Robbins brands. Phone (212) 806-6000 FOCUS Brands is also the franchisor of Seattle's Best Coffee on certain military bases and in certain international markets. 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 . 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. The acquisitions are a team effort, Hill says, relying on Roarks operational, financial, and other resources. About Roark Capital Group. Similar Questions. The franchisees hated the company, says Romaniello, now a Roark managing partner. International Car Wash Group is the world's largest local car wash company, with operations in the U.S., Europe and Australia. We like growth, and were looking to invest in growth.. Cinnabon is an American chain of bakeries known for their "World Famous Cinnamon Rolls.". 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. When the company was sold in 2000, it had three brands and some 500 hotels in all 50 states and five countries. Sign up here. Take 5 Oil Change represents the 5th acquisition for Driven Brands in the year since Roark Capital acquired the business, expanding the collective brands' footprint to more than 2,000 locations in the U.S. About Driven BrandsDriven Brands, headquartered in Charlotte, NC, is the parent company of North America's leading automotive aftermarket brands across four distinct verticals: Repair & Maintenance, housing Meineke Car Care Centers and Merlin 200,000 Mile Shops; Paint & Collision, housing Maaco, CARSTAR North America and Drive N Style; Distribution, housing 1-800-Radiator & A/C; and Quick Lube, housing Pro Oil Change, Econo Lube N' Tune, Driven Florida Lubes and Take 5 Oil Change.
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