Roark ATLANTA OFFICE 1180 Peachtree Street NE Suite 2500 Atlanta, Georgia 30309 Phone (404) 591-5200 Fax (404) 591-5201 www.roarkcapital.com. In its 13 years in existence, Roark has sold only three companies. 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. Here's what Roark is offering, and what this means for the company, its shareholders and the struggling restaurant industry. The Company focuses on management of buy-outs, acquisitions, mergers, recapitalizations, restructuring . | Roark is an Atlantabased private equity firm with $35 billion in assets under management. It was founded by Jimmy John Liautaud in 1983 and is headquartered in Champaign, Illinois. Become a Restaurant Business member today and unlock exclusive benefits, including unlimited access to all of our content. Roark prides itself on being a trusted partner for management and business owners. Pet Supermarket is the largest specialty retailer of pet food and pet-related supplies based in the southeastern US. McAlister's is a franchise chain of quick casual restaurants offering a variety of sandwiches, salads, soups, wraps and desserts. Like many urban fast-casual concepts , Corner Bakery has struggled during the pandemic and has seen sharp declines in earnings and revenues since March, according to Debtwire. When typing in this field, a list of search results will appear and be automatically updated as you type. Rating. The new managers set about turning that around by refurbishing the stores and giving franchisees the OK to sell a product they wanted: Italian ice. Judd Kyle Shader - Founder & Executive Chairman - LinkedIn Suite 2500 You can unsubscribe at any time by clicking on the unsubscribe link at the bottom of our emails. Roark :: About Our Name - Roark Capital Group [24], Inspire received Franchise Times 2019 Dealmaker of the Year award for its acquisitions of Buffalo Wild Wings and Sonic Drive-In.[25]. The deal shocked an industry already stunned by the unprecedented market changes they were seeing as coronavirus shut down much of the nation. Our portfolio companies span multiple industries including food, restaurants, consumer and business services, health, wellness and fitness, and education and youth activities. READ MORE, Invest in Good is Roarks multi-faceted commitment to long-term social impact initiatives. They really know restaurants, says Andy Puzder, chief executive of Carpinteria, Californiabased CKE. Phone (404) 591-5200 ServiceMaster Brands is the parent company of ServiceMaster Restore, ServiceMaster Clean, Merry Maids, TWO MEN AND A TRUCK, AmeriSpec, and Furniture Medic. Miller's appears to be in good hands with its current owners. 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. For over 30 years, Culvers guests have been treated to cooked-to-order food made with farm-fresh ingredients, served with a smile. Inside Roark Capital | QSR magazine To this day, Wingstop is still under the Roark Capital Group. Howard Roarks characteristics led to Roark Capitals 12 core values, including commitment, integrity, collaboration, and accountability. New York, NY 10022 Sign up to receive texts from Restaurant Business on news and insights that matter to your brand. . Meineke provides all regularly scheduled maintenance services, along with repair and replacement of vehicle components. Wingstop decided to go entirely public with an IPO (Initial Public Offering) of $19 for a share. Texas-based Corner Bakery Caf files for Chapter 11 bankruptcy No, Sonic is owned by Sega, who debuted the character in "Sonic The Hedgehog" for their Genesis console in 1991. Still, Arbys core attributes lined up for Roark, including the brand differentiation, great history, a large and loyal customer base, good locations, and upside potential. Flower Child is a growing, fast casual restaurant offering a customizable menu, made fresh from scratch, featuring locally-sourced, all-natural and organic ingredients. 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. Roark Capital Group Inc. Roark Capital Group Inc. operates as a private equity firm. Who owns Miller's Ale House? The company is in growth mode, targeting eight to 10 new openings a year. That's because we've stayed true to our core beliefs, our approach to investing and our commitment to community. Roark Capital Group acquired 81.5% of Arby's Restaurant Group in July 2011 and is now a majority-owner of Inspire Brands. The company, which was sold by Roark Capital Group to Pandya Restaurant Growth Brands in October 2020, has two locations in San Antonio, Texas. Roark NEW YORK OFFICE 540 Madison Ave 37th Floor New York, NY 10022 Phone (212) 806-6000 Fax (212) 518-2028 www.roarkcapital.com In 2006, Brinker sold the company ( but still owns Maggiano's ), and Corner Bakery Cafe began franchising a year later. Similar Questions. 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. Arby's owner Roark gobbles up Buffalo Wild Wings for $2.4 billion Cheesecake will then repurchase the stock for $446.9 million. I called Neal and said, What have you gotten me into? Romaniello says. See Neal K Aronson's compensation, career history, education, & memberships. Members help make our journalism possible. 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. A massive private equity firm, Atlanta-based Roark owns varied franchise brands including Anytime Fitness and Massage Envy, along with Inspire Brands and Focus . Roark focuses on franchised and multi-unit business models in the retail, restaurant, consumer and business services sectors. Join the more than 1.5 million industry professionals who get our daily newsletter! Who Owns Who in Franchising? Over 50 of the Most Popular Franchise Roark Capital | 12,241 followers on LinkedIn. 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.. 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 Take 5 Oil Change management team will remain at the helm, and the headquarters will remain in New Orleans. Founded in 1983, Jimmy John's offers high-quality sandwiches with rapid preparation. [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. 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. Roark prides itself on partnering with entrepreneurs and executives who share this vision of growth and success across all stakeholders. who owns ihop Official 2023 Nothing Bundt Cakes is a leading franchisor and operator of gourmet bakeries. Schlotzsky's is a chain of quick casual restaurants offering made-to-order sandwiches, soups, salads and pizza. Responsibilities. I agree to receive PitchBook Data's electronic newsletters, updates, promotions and related messages Corner Bakery Cafe sells to Boston Market owner Pandya The following year, Focus Brands was formed to hold Roarks foodservice acquisitions. Founded in 1988, U.S. Neal Aronson founded Roark Capital in . . 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 . Founded in 1999, KE Camps is the leading operator of day camps for country clubs, Few of Arbys issues were present at CKE, which was acquired from private equity firm Apollo Global Management. Neal K Aronson, Roark Capital Group: Profile and Biography 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. For the restaurant, see, "Jimmy John's Sale To Inspire Brands Now Complete", "Why Fast Food's Smartest Operator Is Expanding When Business Is Terrible", "Wendy's sells stake in Arby's owner for $450 million", "Arby's owner beefs up portfolio, eating up another fast-food franchise", "Arby's, Buffalo Wild Wings new parent Inspire Brands debuts", "Arby's closes deal for Buffalo Wild Wings, makes new company", "Arby's CEO: We're Not Done Buying Brands After BWW", "Wendy's Sells Inspire Brands Stake for $450 Million", "Inspire Brands reveals plans for its 3rd brand, now Rusty Taco", "Inspire Brands bringing 1,100 jobs, $32 million to Sandy Springs", "Inspire Brands to buy Sonic Corp. for $2.3B", "Arby's owner Inspire Brands buys Jimmy John's", "Inspire completes purchase of Jimmy John's", "Dunkin' closes in on $9bn sale to Inspire Brands", "Inspire Brands to Acquire Dunkin' Brands Group for $11.3 Billion Including Debt", "Inspire Brands Completes Acquisition of Dunkin' Brands", "Inspire Brands sells Rusty Taco to the owner of Cicis Pizza", "Art of the deal panel to highlight FFGC", https://en.wikipedia.org/w/index.php?title=Inspire_Brands&oldid=1139069937, Companies based in Sandy Springs, Georgia, 2018 establishments in Georgia (U.S. state), Economy of the Southeastern United States, Short description is different from Wikidata, Official website different in Wikidata and Wikipedia, Creative Commons Attribution-ShareAlike License 3.0, This page was last edited on 13 February 2023, at 05:48. Roark owns a huge stable of franchised restaurant brands through its two main holdings, Focus Brands and Inspire Brands. Arbys is the largest drive-thru sandwich chain in the United States. Baseball Academy (Youth Enrichment Brands), U.S. Sports Camps (Youth Enrichment Brands), Roark Portfolio Employees Assistance Fund. 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. Visit Website. 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. Roark Capital Group General Information. Buffalo Wild Wings' Owner Has Diverse Empire - Business Insider When I talked to Jack, he yelled at me and shamed me into starting Roark, Aronson says. Self Esteem Brands is the parent company of Anytime Fitness, Basecamp Fitness, The Bar Method, Waxing the City, Stronger U, and Healthy Contributions. 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 acquisitions are a team effort, Hill says, relying on Roarks operational, financial, and other resources. . Today, we're one of the world's largest investment management organizations, managing $2.2 trillion.*. Neal K Aronson is Managing Partner/Founder at Roark Capital Group. Will the Fast-Food Dining Room Live On After COVID? CARSTAR is the largest franchise network of automotive collision repair shops in North America. Focus added Schlotzskys in 2006, Moes Southwest Grill in 2007, and Auntie Annes in 2010. 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. Roark focuses on investments in consumer and business service companies, with a specialization in franchise and franchise-like business models. The brand offers one of the most innovative and diverse menus in the quick-service restaurant industry, with more than 30 unique sandwiches and 8 different types of protein. The firings came The things that were wrong we saw as fixable, as long as we had time, Aronson says, noting that a private company has that luxury. Not knowing what to expect during the impending crisis, most restaurant companies scrambled to maximize their liquidity, fearful theyd have insufficient cash on hand to sustain operations as dining rooms were ordered to close and sales fell to a trickle. Terms of . International Car Wash Group is the world's largest local car wash company, with operations in the U.S., Europe and Australia. Corner Bakery sold to Pandya Restaurant group Working At Arby's: Employee Reviews And Culture - Zippia Schlotzsky's is a chain of quick casual restaurants offering made-to-order sandwiches, soups, salads and pizza. 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. US Sports Camps is the nations leading youth sports camp company, serving more than 100,000 campers across 1,200+ camps in 48 states. The five times weekly e-newsletter that keeps you up-to-date on the latest industry news and additions to this website.
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