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. How are the unit-level economics? The Big Take is the very best of Bloomberg's in-depth, original reporting from around the globe every day. I called Neal and said, What have you gotten me into? Romaniello says. CARSTAR is the largest franchise network of automotive collision repair shops in North America. ", 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. The franchisees hated the company, says Romaniello, now a Roark managing partner. Bill Derwin, CEO of ICWG, said, "Roark brings a deep understanding of the consumer and an operational expertise that complements our business. The numbers on this page are based on contributions of $200 or more from PACs and individuals to federal candidates and from PAC, individual and soft . Greenwood Village, CO. Leeds West Groups (LWG) was founded in 2009 by current CEO and Board Member Judd Shader and is . 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. 540 Madison Ave 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. Culver's is a family-favorite restaurant known for their ButterBurgers, Fresh Frozen Custard & Wisconsin Cheese Curds. Jimmy John's Franchise, LLC is an American franchised sandwich fast food restaurant chain owned by Inspire Brands. [24], Inspire received Franchise Times 2019 Dealmaker of the Year award for its acquisitions of Buffalo Wild Wings and Sonic Drive-In.[25]. Inspire Brands is majority-owned by affiliates of Roark Capital Group. 37th Floor Affiliates of Roark Capital Group have sold the Dallas-based Corner Bakery Cafe brand to Pandya Restaurant Growth Brands LLC, the companies said Thursday. Phone (404) 591-5200 Roark Capital Acquires ServiceMaster Brands. When typing in this field, a list of search results will appear and be automatically updated as you type. 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. Who owns Miller's Ale House? International Car Wash Group is the world's largest local car wash company, with operations in the U.S., Europe and Australia. The securities filing states that Aronson will have the discretion to manage the shares as he sees fit. Inspire operates Support Centers in Atlanta, Oklahoma City, Champaign, Minneapolis, and Canton, Massachusetts. Others acquire companies, do some financial engineering, and then flip them after a few years. Founded in 1975 and headquartered in San Rafael, CA, US Sports camps is the licensed operator of Nike Sports Camps. 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. Affiliates of Roark have acquired 55 franchise/multi-unit brands which generated approximately $21 billion in system revenues from 23,000 locations located in 50 states and 75 countries. Roark focuses on franchised and multi-unit business models in the retail, restaurant, consumer and business services sectors. 1 Answer ANSWER Neal Aronson. Youth Enrichment Brands encompasses US Sports Camps, i9 Sports, Streamline Brands, and U.S. Roark prides itself on being a trusted partner for management and business owners. Baseball Academy (Youth Enrichment Brands), U.S. Sports Camps (Youth Enrichment Brands), Roark portfolio company, Youth Enrichment Brands, acquires i9 Sports. This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. It was the public. Later on, it was sold to the Roark Capital Group back in 2010. 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. Basecamp Fitness is a growing network of fitness studios featuring high-intensity and high-energy workout sessions. Self Esteem Brands is the parent company of Anytime Fitness, Basecamp Fitness, The Bar Method, Waxing the City, Stronger U, and Healthy Contributions. Youll see us sell some companies over time, and youll see us take some companies public. Franchisees trust in the owners rose dramatically. This outlook helps makes Roark successful, says Lex Lane, Wingstop franchisee and vice president and business development officer at United Capital Business Lending in suburban Baltimore. Founded in 1983, Jimmy John's offers high-quality sandwiches with rapid preparation. 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. The mid-sized private equity firm has become a major player in the restaurant industry, says Darren Tristano, vice president of Technomic Inc., a restaurant market research firm. [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. operator of swim schools for children of all ages, serving over 150,000 swimmers per year. 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. READ MORE, Invest in Good is Roarks multi-faceted commitment to long-term social impact initiatives. Lines and paragraphs break automatically. In the book, the character doesnt bow to conventional wisdom and is seen as an authentic innovator. Branson, MO 65616-2060. Image Credit: IHOP - Legacy Capital Investment Group IHOP restaurants are franchised and operated by Glendale, California-based International House of Pancakes, LLC and its affiliates. Wingstop has a total market capitalization of a gigantic $4.73 billion! 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. ICWG operates under the IMO banner in Europe and Asia-Pacific. Roark Capital Group Contact: Debra Vilchis Fishman Public Relations 847-945-1300 [emailprotected], Cision Distribution 888-776-0942 [9][10], Inspire Brands was formed when Arby's Restaurant Group merged with Buffalo Wild Wings on February 5, 2018. Miscellaneous . Roark prides itself on partnering with entrepreneurs and executives who share this vision of growth and success across all stakeholders. While the firm has not sold any of its restaurant companies yet, that time will come. 1180 Peachtree Street NE Today the only other restaurantchain Golden Gate owns besides Red Lobster is California Pizza Kitchen, but their portfolio includes lots of non-restaurant companies, including Eddie Bauer, Payless, and J. Jill. Jimmy John's and Rusty Taco parent company has completed its acquisition of Dunkin' Brands Group for $11.3 billion (or . Moe's Southwest Grill is the neighborhood burrito place offering flavorful Southwestern fare with a healthy twist. 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. Roark differs in many ways from other private equity companies. Dunkin is famous for its combination of high-quality coffees, espresso beverages, baked goods, and breakfast sandwiches served all day with fast, friendly service. The New Jersey State Investment Council, which manages investments in seven public pension funds, committed up to $100 million to the private equity firms latest fund in 2012 after the agencys staff cited Roarks impressive track record and strong returns. Article continues below . 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. 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. That step will leave him with 2.4 million shares. 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. Known as 'America's Bodyshop', Maaco is a leading provider of auto painting and light collision repair services. 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. Number 8860726. When the company was sold in 2000, it had three brands and some 500 hotels in all 50 states and five countries. Global network of franchises providing janitorial services, carpet cleaning, hard surface floor care, tile and grout cleaning, and upholstery cleaning. 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. 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. 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:

. They keep their companies autonomous, but they understand how to control costs and focus on getting the profit margins up.. Basecamp Fitness is a growing network of fitness studios featuring high-intensity and high-energy workout sessions. When I talked to Jack, he yelled at me and shamed me into starting Roark, Aronson says. 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. Take 5 Oil Change has a phenomenal brand, operating model, and team led by Marc. 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. Here's what Roark is offering, and what this means for the company, its shareholders and the struggling restaurant industry. As chief financial officer at U.S. Driven manages a family of automotive brands including ABRA, CARSTAR, Maaco, Meineke, Take 5, Uniban, 1-800 Radiator, and others. 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. 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. Stronger U is a digital, personalized nutrition-based health coaching services brand. We want to partner with entrepreneurs and executives who share this vision. 540 Madison Ave Elane served as Group President of Kimberly-Clark International and Global President of Kimberly . Fax (404) 591-5201 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. 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. 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 . It met Roarks expertise then: a franchised business in the hospitality arena. Cinnabon and some franchising rights for Seattles Best Coffee were then acquired in 2004. 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. Few of Arbys issues were present at CKE, which was acquired from private equity firm Apollo Global Management. You can unsubscribe at any time by clicking on the unsubscribe link at the bottom of our emails. [11] Brown expected that Inspire would acquire additional chains in different segments. Some investors, including university endowments and investment managers, have invested in all three, a sign of Roarks performance. ATLANTA, Feb. 4, 2019 /PRNewswire/ -- Roark Capital, an Atlanta -based private equity firm focused on investing in multi-unit businesses, announced today . We are delighted to be a part of the Roark family. 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. 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. Fax (404) 591-5201 The transaction will apparently not cost Paul Ginsberg, Roark Capitals president, his seat on Cheesecakes board. 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. Please 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. Founded in 1934, Carvel is the leading manufacturer of branded ice cream cakes in the United States and a top producer of premium soft-serve ice cream. If capital and expertise are needed to help the brands grow, well provide that.. ATLANTA OFFICE See our history. Baseball Academy. Roark focuses on middle-market investment opportunities through family-owned business transfers, anagement/corporate buyouts, recapitalizations, going-private transactions, and corporate divestitures. Inspire Brands is the franchisor and operator of the Arbys, Buffalo Wild Wings, Jimmy Johns, SONIC, Dunkin, and Baskin Robbins brands. 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. Arbys is the largest drive-thru sandwich chain in the United States. Morningstar Institutional Equity Research. Founded in 1972, Meineke is an automotive aftermarket industry pioneer and leading provider of repair and maintenance services. Furniture Medic is a global leader and franchisor in the furniture repair and restoration industry. Atlanta-based private-equity Roark Capital Group invested in the concept in 2015. 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. Some firms seek investments that fit into specific size parameters. Roark Capital Group finalized its deal to acquire Buffalo Wild Wings for $2.9 billion on February 5. 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. . Roark Capital Group serves customers in the United States. The moves largely undo Roarks $200 million equity investment in Cheesecake back in April 2020, when the pandemic was just beginning. 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. Jimmy still owns 35%. U.S. Roark Capital Group is an American private equity firm with over $33 billion in assets under management. Before launching Roark Capital, he was the co-founder and CFO of US Franchise Systems, an owner and operator of hotel brands that increased its holdings more than 20-fold under his leadership. Its pretty exciting to be part of helping people realize their dreams, Aronson says of franchising. We look forward to partnering and helping accelerate their growth plans. Was decided. Howard Roarks characteristics led to Roark Capitals 12 core values, including commitment, integrity, collaboration, and accountability. US Sports Camps is the nations leading youth sports camp company, serving more than 100,000 campers across 1,200+ camps in 48 states. Content warning: This article covers allegations of sexual assault. 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. Neal Aronson founded Roark Capital in . Roark Portfolio Employees Assistance Fund. from 8 AM - 9 PM ET. 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. 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. The Company provides a comprehensive suite of services primarily to retail, fleet, and industrial consumers. Roark managing partner Neal Aronson will retain control of a 4.6% stake. Since inception, affiliates of Roark have invested in 92 franchise/multi-location brands which generate approximately $54 billion in annual system revenues from 63,000 locations in 50 states and . Roark Capital Group acquired Corner Bakery in 2011 from Il Fornaio Corporation. The latest from Restaurant Business, sent straight to your inbox. The company is in growth mode, targeting eight to 10 new openings a year. (417) 334-3196. The firings came Similar Questions. Roark Capital Group, that currently owns the Schlotzsky's, Carvel, Cinnabon, Moe's Southwest Grill, McAlister's Deli, Auntie Anne's and Jamba brands. 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.. 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. serving 10,000+ campers per year. from 8 AM - 9 PM ET. Lying on the carpet are two more frames, holding announcements for the latest purchases, Carls Jr. and Hardees, made last December in a deal valued at about $1.7 billion. READ MORE, Site Map | Search | Terms of Use | Privacy Policy | Accessibility, Roark All of those characteristics have helped turn Roark into one of the biggest influencers in the quick-service industry. Wendy's owns about 18.5 percent of Arby's, with their stake valued at around $325.9 . www.roarkcapital.com, Roark Roark Capital Group is an Atlanta-based private equity firm with more than $1.5 billion in equity capital under management. 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. Media ContactBrandi Neloms, Sr. Communications Manager[emailprotected] 704-644-8151, Cision Distribution 888-776-0942 It has strong unit-level growth and is stable, with an excellent management team and differentiated brands, 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. ServiceMaster Brands is the parent company of ServiceMaster Restore, ServiceMaster Clean, Merry Maids, TWO MEN AND A TRUCK, AmeriSpec, and Furniture Medic. He plans to structure the company similar to Hilton Hotels & Resorts. Roark Capital Group General Information. Email this Business. He now owns the Gulfstream G-IV with registration . Baseball Academy (Youth Enrichment Brands), U.S. Sports Camps (Youth Enrichment Brands), Roark Portfolio Employees Assistance Fund. Waxing the City is a growing network of waxing studios with an emphasis on superior waxes, highly-trained staff, and compassionate customer service. 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. Flower Child is a growing, fast casual restaurant offering a customizable menu, made fresh from scratch, featuring locally-sourced, all-natural and organic ingredients. 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.. 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. . 11.16.21 ROARK INVESTMENT Roark Capital Acquires Mathnasium READ MORE . 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. Founded in 2006, Streamline Brands is a leading franchisor and Founded in 2006, Streamline Brands is a leading franchisor and Furniture Medic is a global leader and franchisor in the furniture repair and restoration industry. 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. [18], Inspire Brands announced that it was buying Jimmy John's on September 25, 2019. Phone (212) 806-6000 Sign up here. Cheesecake opted to trade 200,000 shares of preferred stock to Roark for $200 million. 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. 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 Company focuses on management of buy-outs, acquisitions, mergers, recapitalizations, restructuring . For more information visit www.take5oilchange.com. The firm has $3 billion in capital under management, raised through three successively larger private-equity funds. Today, we're one of the world's largest investment management organizations, managing $2.2 trillion.*. Baseball Academy brings together college and high school coaches to provide camp programs to aspiring baseball and softball players across the United States. Our goal is to be the preferred capital source for private equity solutions by earning the respect of everyone we interact with.

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