Cinnabon is an American chain of bakeries known for their "World Famous Cinnamon Rolls.". Self Esteem Brands is the parent company of Anytime Fitness, Basecamp Fitness, The Bar Method, Waxing the City, Stronger U, and Healthy Contributions. The Bar Method is a leading low-impact studio fitness franchise with locations across the US and Canada. In the early days, there were real synergies and reasons to put companies together in Focus, says Hill, who became Cinnabons president. He now owns the Gulfstream G-IV with registration . The stake will be controlled by Roark founder and managing partner Neal Aronson, according to securities documents filed Monday. The five times weekly e-newsletter that keeps you up-to-date on the latest industry news and additions to this website. 1180 Peachtree Street NE Meineke provides all regularly scheduled maintenance services, along with repair and replacement of vehicle components. CKE is one of the world's largest franchisors and operators of quick-service restaurants under the Carls Jr. and Hardees brand banners. Roark Capital Acquires Fitness Connection. Our team will review your remarks prior to publishing. Morningstar Institutional Equity Research. Cheesecake Factory buys most of Roark's stake for $457M Most of Carvels resources had been diverted to its supermarket business, which angered franchisees. There was talent at Carvel that Cinnabon could benefit from, and talent at Cinnabon that Carvel could use.. Atlanta, Georgia 30309 Naf Naf Grill and an investor group bought out the minority ownership of Roark Capital. If capital and expertise are needed to help the brands grow, well provide that.. 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. Furniture Medic is a global leader and franchisor in the furniture repair and restoration industry. Orangetheory Fitness is one of the largest and fastest growing franchisors in the studio-based fitness market. It now owns three of the 25 biggest quick-service restaurant chainsit acquired a majority stake in Arbys three years agoand oversees a 16-brand dining empire with some $11 billion in systemwide sales and nearly 12,100 units employing some 300,000 people. The following year, Focus Brands was formed to hold Roarks foodservice acquisitions. operator of swim schools for children of all ages, serving over 150,000 swimmers per year. NEW YORK OFFICE An arm of Atlanta-based Roark Capital Group plans to buy ServiceMaster Brands for $1.55 billion within 30 to 60 days. 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. Moe's Southwest Grill is the neighborhood burrito place offering flavorful Southwestern fare with a healthy twist. 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. New York, NY 10022 Media ContactBrandi Neloms, Sr. Communications Manager[emailprotected] 704-644-8151, Cision Distribution 888-776-0942 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. Inspire Brands is the franchisor and operator of the Arbys, Buffalo Wild Wings, Jimmy Johns, SONIC, Dunkin, and Baskin Robbins brands. 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. Auntie Anne's menu includes hand-rolled soft pretzels baked in-store, Pretzel Nuggets, beverages (including signature lemonade) and Pretzel Dogs. None were restaurants. Roark Capital Group Acquires Miller's Ale House - PR Newswire Billionaire Founder Of Jimmy John's Sells His Remaining - Forbes 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. Greenwood Village, CO. Leeds West Groups (LWG) was founded in 2009 by current CEO and Board Member Judd Shader and is . 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. The securities filing states that Aronson will have the discretion to manage the shares as he sees fit. regarding PitchBook Data's products. The private-equity firm helped turn around Arby's after buying a majority stake in 2011. Global network of franchises providing residential and commercial restoration services, including water damage, smoke and fire damage, mold remediation, and disaster recovery. That is where this country has been built, because 65 percent of the job growth for 15 years leading up to the recession came from those people who built a store, then a second store, then a third.. Terms of . Roark Vacation Resort | Better Business Bureau Profile Affiliates of Roark have invested in 56 franchise/multi-unit brands which collectively generate $21 billion in annual system revenues from 23,000 locations in 50 states and 75 countries. I agree to receive PitchBook Data's electronic newsletters, updates, promotions and related messages us for more details. 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. The Untold Truth Of Miller's Ale House - Mashed.com 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. Naf Naf Grill, investor group buy out Roark ownership Roark Capital is an Atlanta-based private equity firm. Roark has a history of creating jobs, providing opportunities, and helping people and companies realize their potential. Aronson began his career in investment banking and private equity in New York, working for several firms, including hedge fund Odyssey Partners. Roark ATLANTA OFFICE 1180 Peachtree Street NE Suite 2500 Atlanta, Georgia 30309 Phone (404) 591-5200 Fax (404) 591-5201 www.roarkcapital.com. Founded in 2001, Roark Capital Group is a private equity firm based in Atlanta, Georgia. Roark Capital Acquires ServiceMaster Brands | Business Wire 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 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. 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. In 2006, Brinker sold the company ( but still owns Maggiano's ), and Corner Bakery Cafe began franchising a year later. The Company provides a comprehensive suite of services primarily to retail, fleet, and industrial consumers. Mathnasium is a leading franchisor of math learning centers with over 1,000 locations across 46 states and 12 countries. Global network of franchises providing janitorial services, carpet cleaning, hard surface floor care, tile and grout cleaning, and upholstery cleaning. 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. . That is part of our obligation to our investors.. Baseball Academy. Our goal is to be the preferred capital source for private equity solutions by earning the respect of everyone we interact with. Atlanta, Georgia 30309 READ MORE, Roark was named after Howard Roark, the protagonist in Ayn Rand's book The Fountainhead. We learn a lot from every company we evaluate, and then as we work with the companies., Making an acquisition is just the ticket to play, he adds. 37th Floor 540 Madison Ave Healthy Contributions helps employers, health insurers and partners engage and activate members to participate in wellness programs and reward healthy behaviors to change lives for better health. 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. Rating. Anon { relativeTimeResolver(1660511260487) }} LIVE Points 3. For more information, visit www.DrivenBrands.com. Driven Brands has more than 2,000 centers across North America, and combined, all businesses generate more than $2.1 billion in system sales. Roark Capital Group serves customers in the United States. The remaining 50,000 preferred Cheesecake shares will be converted to 2,448,381 common shares of the casual-dining company. 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. Roark Acquires Great Expressions Dental Centers 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 . ", 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.". If you work your tail off and follow the rules, you can be successful. Since inception, affiliates of Roark have invested in 61 franchise/multi-unit brands which collectively generate $25 billion in annual system revenues from 28,000 locations in 50 states and 78 countries. 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. www.roarkcapital.com, Roark www.roarkcapital.com, Roark Portfolio Employees Assistance Fund. Theyre very entrepreneurial., Besides, he says, theyre just plain good guys.. Founded in 2006, Streamline Brands is a leading franchisor and For over 30 years, Culvers guests have been treated to cooked-to-order food made with farm-fresh ingredients, served with a smile. Roark Capital Group, the owner of restaurant chain Arby's, plans to buy Buffalo Wild Wings for $2.4 billion. Roark also owns nearly a dozen non-eatery franchise businesses. Roark ATLANTA OFFICE 1180 Peachtree Street NE Suite 2500 Atlanta, Georgia 30309 Phone (404) 591-5200 Fax (404) 591-5201 www.roarkcapital.com. GROUP. 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. 11.16.21 ROARK INVESTMENT Roark Capital Acquires Mathnasium READ MORE . 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. Who Owns Massage Envy? Details on Spa Franchisor Amid Allegations Who is corner bakery owned by? Phone (212) 806-6000 Although CKE has debtthe company refinanced $1 billion last yearAronson says its very manageable. McAlister's is a franchise chain of quick casual restaurants offering a variety of sandwiches, salads, soups, wraps and desserts. Furniture Medic is a global leader and franchisor in the furniture repair and restoration industry. As a private equity company, we will need to, and will divest companies, Aronson says. These are very smart people, he says. 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. Founded in 1999, KE Camps is the leading operator of day camps for country clubs, How a young private equity firm came to own 16 restaurant brands with $11 billion in systemwide sales. Later on, it was sold to the Roark Capital Group back in 2010. Jul 22, 2013, 08:00 ET. Bill Derwin, CEO of ICWG, said, "Roark brings a deep understanding of the consumer and an operational expertise that complements our business. Environmental, Social and Governance (ESG), HVAC (Heating, Ventilation and Air-Conditioning), Machine Tools, Metalworking and Metallurgy, Aboriginal, First Nations & Native American. Roark Capital Acquires ServiceMaster Brands | ServiceMaster Who is the CEO of Sonic? 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:

. The buyback more than doubled Roark's initial investment. The deals became larger and more diversefast-casual, full-service, and quick-service restaurants, including some with company-owned units, not just franchisees. New York, NY 10022 [24], Inspire received Franchise Times 2019 Dealmaker of the Year award for its acquisitions of Buffalo Wild Wings and Sonic Drive-In.[25]. 540 Madison Ave Cheesecake operates its namesake brand and a high-volume Italian casual concept called North Italia. Roark Capital Group Inc. Roark Capital Group Inc. operates as a private equity firm. Driven manages a family of automotive brands including ABRA, CARSTAR, Maaco, Meineke, Take 5, Uniban, 1-800 Radiator, and others. 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. 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. Who owns capital music group? Naf Naf Grills website lists 39 locations in eight states, including Illinois, Indiana, Minnesota, New Jersey, Ohio, Pennsylvania, Tennessee and Wisconsin. Roark Capital Group finalized its deal to acquire Buffalo Wild Wings for $2.9 billion on February 5. 1180 Peachtree Street NE Most compete in the quick-service sector, far downmarket from Cheesecakes turf. 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 . Since inception, affiliates of Roark Capital have acquired 52 franchise/multi-unit brands, which generate $20 billion in annual system revenues from 22,000 locations in 50 states and 75 countries. The boardroom at Roark Capital Group's 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.There's just one distinction: Two dozen black-framed notices of the private equity firm's acquisitions dot the walls along the narrow sides of the room. Roark NEW YORK OFFICE 540 Madison Ave 37th Floor New York, NY 10022 Phone (212) 806-6000 Fax (212) 518-2028 www.roarkcapital.com Theyre all different, and so I think weve gotten better at it, he says. Roark Capital to buy Buffalo Wild Wings for $2.9 billion - CNBC Responsibilities. Disney to cut 7,000 jobs after return of CEO Iger - Worldnews.com Howard Roarks characteristics led to Roark Capitals 12 core values, including commitment, integrity, collaboration, and accountability. Phone (404) 591-5200 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. Roark :: About Roark - Roark Capital Group [11] Brown expected that Inspire would acquire additional chains in different segments. Wingstop decided to go entirely public with an IPO (Initial Public Offering) of $19 for a share. Anytime Fitness is the largest fitness franchise in the world, with gym facilities open 24 hours a day, 365 days a year. who owns ihop Official 2023 If its franchising, it better be great unit-level economics, or a franchisee would never get involved in it.. The fast . What company owns Jimmy Johns? Stronger U is a digital, personalized nutrition-based health coaching services brand. You can unsubscribe at any time by clicking on the unsubscribe link at the bottom of our emails. The Bar Method is a leading low-impact studio fitness franchise with locations across the US and Canada. AmeriSpec is a leading franchisor and provider of residential and commercial real estate inspection services. 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. Others acquire companies, do some financial engineering, and then flip them after a few years. serving 10,000+ campers per year. Take 5 is a leading provider of oil change services through a convenient drive-thru format with fast, friendly customer experience. Driven Brands Holdings Inc, one of the largest U.S. auto services franchisers, is looking to raise as much as $760 million . It is part of Flynn Restaurant Group which also operates 441 . Global network of franchises providing janitorial services, carpet cleaning, hard surface floor care, tile and grout cleaning, and upholstery cleaning. 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. The acquisitions are a team effort, Hill says, relying on Roarks operational, financial, and other resources. They did some digging, and went straight to the source: Arby's Quality Assurance. Fax (212) 518-2028 The deal specifies that Ginsberg and Aronson are locked up for 60 days from trying to amass a controlling interest in Cheesecake. Few of Arbys issues were present at CKE, which was acquired from private equity firm Apollo Global Management. Ron Ruggless | Oct 29, 2020. | Roark is an Atlantabased private equity firm with $35 billion in assets under management. Jamba is a category-leading smoothie and juice chain that offers a variety of high quality smoothies, juices, bowls and other products. Pet Supermarket is the largest specialty retailer of pet food and pet-related supplies based in the southeastern US. Roark owns a huge stable of franchised restaurant brands through its two main holdings, Focus Brands and Inspire Brands. Who Owns Who in Franchising? Over 50 of the Most Popular Franchise Roark prides itself on partnering with entrepreneurs and executives who share this vision of growth and success across all stakeholders. Latest Addition to Driven Brands Strengthens Leadership Position in Automotive Aftermarket Services Industry. Aronson will surrender 47,517 of the common shares to Cheesecake in exchange for $10.4 million in cash. In 2016, Liautaud sold an estimated 65% of the business to Inspire's parent company, the Atlanta-based private equity firm Roark Capital, in a deal that valued Jimmy John's at around $3 . Who Owns Wingstop? How It Started - Under30CEO US Sports Camps is the nations leading youth sports camp company, serving more than 100,000 campers across 1,200+ camps in 48 states. Founded in 2006, Streamline Brands is a leading franchisor and All of those characteristics have helped turn Roark into one of the biggest influencers in the quick-service industry. How are the unit-level economics? Baseball Academy (Youth Enrichment Brands), U.S. Sports Camps (Youth Enrichment Brands), Roark Portfolio Employees Assistance Fund. 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. Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. 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. Elane served as Group President of Kimberly-Clark International and Global President of Kimberly . 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. 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. AmeriSpec is a leading franchisor and provider of residential and commercial real estate inspection services. 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. [14] In September 2018, Inspire had the 27-location R Taco reverted to the Rusty Taco name. Roark Capital Group, that currently owns the Schlotzsky's, Carvel, Cinnabon, Moe's Southwest Grill, McAlister's Deli, Auntie Anne's and Jamba brands. ATLANTA OFFICE Inspire Brands is the franchisor and operator of the Arbys, Buffalo Wild Wings, Jimmy Johns, SONIC, Dunkin, and Baskin Robbins brands. refer to our 1 Answer ANSWER Neal Aronson. Roark Capital Group Fax (212) 518-2028 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. Roark prides itself on being a trusted partner for management and business owners. Arby's owner Roark Capital Group said on Tuesday it would buy Buffalo Wild Wings Inc <BWLD.O> for $2.4 billion, . Fitness Connection is a leading player in the "High Value, Low Price (HVLP)" segment of the fitness industry. The firms first acquisition was Carvel in 2001 for $26 million. Did inspire brands buy jimmy johns? Explained by Sharing Culture 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. ATLANTA OFFICE 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. The brand offers 8- and 10-inch bundt cakes, Bundtlets and Bundtinis in multiple flavors that are hand-crafted and baked on-site. The deal shocked an industry already stunned by the unprecedented market changes they were seeing as coronavirus shut down much of the nation. Similar Questions. "Take 5 Oil Change is an ideal addition to our portfolio of brands. 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. "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. Who owns roark capital group? - Alexa Answers About Roark Capital Group. 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. Roark has acquired. 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. Will the Fast-Food Dining Room Live On After COVID? Roark Capital Group Contact: Debra Vilchis Fishman Public Relations 847-945-1300 [emailprotected], Cision Distribution 888-776-0942 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. operator of swim schools for children of all ages, serving over 150,000 swimmers per year. Its pretty exciting to be part of helping people realize their dreams, Aronson says of franchising. Is Arby's Roast Beef real or processed meat? from 8 AM - 9 PM ET. Some investors, including university endowments and investment managers, have invested in all three, a sign of Roarks performance. ", "This is a tremendous opportunity for Take 5 Oil Change to grow our business to the next level," said Graham. Driven Brands is the largest automotive services company in North America. CHARLES WEST Net Worth $400 Million House Yacht Aronson launched the firm in 2001 and named it for Howard Roark, the protagonist architect in Ayn Rands novel, The Fountainhead.