Roark Capital Group owns other dining-out favorites, including Arby's, Auntie Anne's, Cinnabon, Carvel Ice Cream, Moe's Southwest Grill, and Wingstop. NEW YORK OFFICE Schlotzsky's is a chain of quick casual restaurants offering made-to-order sandwiches, soups, salads and pizza. 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. It has strong unit-level growth and is stable, with an excellent management team and differentiated brands, Aronson says. 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. 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. Franchise Systems, Aronson interacted regularly with two other executives, Steven Romaniello and Geoff Hill, who would later fill important operating and managing roles at Focus Brands and Roark. ATLANTA OFFICE The customer is an American company that is an affiliate of the American private equity firm Roark Capital Group which currently owns Schlotzsky's, Carvel, Cinnabon, Moe's Southwest Grill, and McAlister's Deli, Auntie Anne's, and Jamba brands. 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. 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. US Sports Camps offering spans 19 different physical sports, Esports, and academic programs for campers ranging from 6 to 18 years old. The acquisitions are a team effort, Hill says, relying on Roarks operational, financial, and other resources. Roark managing partner Neal Aronson will retain control of a 4.6% stake. 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. Miscellaneous . Was decided. We like growth, and were looking to invest in growth.. I called Neal and said, What have you gotten me into? Romaniello says. Environmental, Social and Governance (ESG), HVAC (Heating, Ventilation and Air-Conditioning), Machine Tools, Metalworking and Metallurgy, Aboriginal, First Nations & Native American. Site Map | Search | Terms of Use | Privacy Policy | Accessibility, Roark Roark Capital Acquires Fitness Connection. Nation's Restaurant News is part of the Informa Connect Division of Informa PLC. 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. 37th Floor Roark focuses on investments in consumer and business service companies, with a specialization in franchise and franchise-like business models. ABRA is a leading network of franchised automotive collision repair shops. Do not sell my personal infoPrivacy PolicyContact UsRSS, Cheesecake Factory buys most of Roark's stake for $457M. 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. 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. Anon { relativeTimeResolver(1660511260487) }} LIVE Points 3. The Bar Method is a leading low-impact studio fitness franchise with locations across the US and Canada. October 01, 2020 09:01 AM Eastern Daylight Time . Cheesecake operates its namesake brand and a high-volume Italian casual concept called North Italia. Jamba is a category-leading smoothie and juice chain that offers a variety of high quality smoothies, juices, bowls and other products. Affiliates of Roark Capital Group have sold the Dallas-based Corner Bakery Cafe brand to Pandya Restaurant Growth Brands LLC, the companies said Thursday. Elane served as Group President of Kimberly-Clark International and Global President of Kimberly . In the U.S., ICWG operates under the banners of Car Wash USA Express, Goo-Goo, Zippy's, Car Wash Express, and Supersonic Car Wash. ICWG is committed to delivering consistent wash quality for the customer while minimizing the impact on the environment. [20], Inspire Brands on October 25, 2020 announced that it was buying Dunkin' Brands for $11.3 billion. Fax (404) 591-5201 ATLANTA OFFICE Cinnabon is an American chain of bakeries known for their "World Famous Cinnamon Rolls.". Founded in 1972, Meineke is an automotive aftermarket industry pioneer and leading provider of repair and maintenance services. 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. Today, we're one of the world's largest investment management organizations, managing $2.2 trillion.*. Take 5 Oil Change has a phenomenal brand, operating model, and team led by Marc. You can unsubscribe at any time by clicking on the unsubscribe link at the bottom of our emails. 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. Arbys is the largest drive-thru sandwich chain in the United States. 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. 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. 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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. Baseball Academy. Baseball Academy (Youth Enrichment Brands), U.S. Sports Camps (Youth Enrichment Brands), Roark Portfolio Employees Assistance Fund. Dunkin is famous for its combination of high-quality coffees, espresso beverages, baked goods, and breakfast sandwiches served all day with fast, friendly service. Founded in 1999, KE Camps is the leading operator of day camps for country clubs,
Fax (212) 518-2028 Aronson will surrender 47,517 of the common shares to Cheesecake in exchange for $10.4 million in cash. Founded in 1999, KE Camps is the leading operator of day camps for country clubs,
The deal specifies that Ginsberg and Aronson are locked up for 60 days from trying to amass a controlling interest in Cheesecake. In the announcement, ServiceMaster says: "The transaction will position the . "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. Will the Fast-Food Dining Room Live On After COVID? 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. Jimmy John's and Rusty Taco parent company has completed its acquisition of Dunkin' Brands Group for $11.3 billion (or . B-Dubs might be going private. Become a Restaurant Business member today and unlock exclusive benefits, including unlimited access to all of our content. Driven Brands is the largest automotive services company in North America. Inspire operates Support Centers in Atlanta, Oklahoma City, Champaign, Minneapolis, and Canton, Massachusetts. 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. Contributions to 527s are not included in the Individuals, PACs, Soft (Indivs), or Soft (Orgs) columns, so the sum of these columns may not equal the Total column. Environmental, Social and Governance (ESG), HVAC (Heating, Ventilation and Air-Conditioning), Machine Tools, Metalworking and Metallurgy, Aboriginal, First Nations & Native American. Founded in 1975 and headquartered in San Rafael, CA, US Sports camps is the licensed operator of Nike Sports Camps. Merry Maids is a leading franchisor and provider of home cleaning services. US Sports Camps offering spans 19 different physical sports, Esports, and academic programs for campers ranging from 6 to 18 years old. 37th Floor [17] The acquisition was completed on December 7, 2018. Our Core Values define who we are, what we do and how we do it. www.roarkcapital.com, Roark ATLANTA & MEMPHIS, TENN. (BUSINESS WIRE) Roark Capital, an Atlanta-based private equity firm focused on investing in franchised and multi-location businesses, announced today that its affiliate has acquired ServiceMaster Brands.ServiceMaster Brands, one of the nation's leading providers of residential and commercial restoration and cleaning services, operates a network of over 1,850 . Jimmy still owns 35%. | Roark is an Atlantabased private equity firm with $35 billion in assets under management. Roark Capital Group finalized its deal to acquire Buffalo Wild Wings for $2.9 billion on February 5. Fax (404) 591-5201 A massive private equity firm, Atlanta-based Roark owns varied franchise brands including Anytime Fitness and Massage Envy, along with Inspire Brands and Focus . 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. 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. . Rating. 1-800 Radiator is the largest franchised automotive parts distributor in 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. The Rohan Group of Companies, which owns Pandya Restaurant Growth Brands, had hoped to expand the Corner Bakery brand, but it remains unclear how the bankruptcy filing will impact those plans. AmeriSpec is a leading franchisor and provider of residential and commercial real estate inspection services. The brand was named a Nations Restaurant News Hot Concept in 2016. We want CKE to reach their potential, just like all of Roarks other brands, he says. [8] Inspire Brands is majority-owned by affiliates of Roark Capital Group. Join the more than 1.5 million industry professionals who get our daily newsletter! 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. [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. We are delighted to be a part of the Roark family. That's because we've stayed true to our core beliefs, our approach to investing and our commitment to community. 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. Who owns capital music group? Roark Capital Group acquired Corner Bakery in 2011 from Il Fornaio Corporation. About Take 5 Oil ChangeTake 5 Oil Change has been serving customers for more than 30 years. For over 30 years, Culvers guests have been treated to cooked-to-order food made with farm-fresh ingredients, served with a smile. Content warning: This article covers allegations of sexual assault. 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. Who is the CEO of Sonic? Mathnasium is a leading franchisor of math learning centers with over 1,000 locations across 46 states and 12 countries. "Arby's Restaurant Group" redirects here. 1 Answer ANSWER Neal Aronson. 11.16.21 ROARK INVESTMENT Roark Capital Acquires Mathnasium READ MORE . The fast-casual chain started in 1991 in Chicago and launched a franchising program in 2007. They have perfected their processes and deliver industry leading customer service. Finally, in 2015, the final answer to the previous question, who owned Wingstop? Roark owns a huge stable of franchised restaurant brands through its two main holdings, Focus Brands and Inspire Brands. He plans to structure the company similar to Hilton Hotels & Resorts. Roark Capital-owned Driven Brands targets over $3 bln valuation in IPO. 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. 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. Were growers, not cutters. Buffalo Wild Wings is the largest sports bar chain in the U.S., featuring an immersive sports restaurant experience and a variety of boldly flavored menu items, including buffalo-style chicken wings spun in over 20 signature sauces and seasonings. 540 Madison Ave Founded in 1984, Take 5 Oil Change operates 65 quick oil change facilities across nine states throughout the Southeast. Baseball Academy. As chief financial officer at U.S. Cinnabon and some franchising rights for Seattles Best Coffee were then acquired in 2004. In the early days, there were real synergies and reasons to put companies together in Focus, says Hill, who became Cinnabons president. AmeriSpec is a leading franchisor and provider of residential and commercial real estate inspection services. Jimmy John's Franchise, LLC is an American franchised sandwich fast food restaurant chain owned by Inspire Brands. An arm of Atlanta-based Roark Capital Group plans to buy ServiceMaster Brands for $1.55 billion within 30 to 60 days. HOME Roark Capital is an Atlanta-based private equity firm. Cheesecake will then repurchase the stock for $446.9 million. He refuses to follow fads, trends, or popularity. Franchise Systems, an Atlanta-based hotel franchisor that began with one brand and 22 hotels in nine states. Suite 2500 Theres also Green Burrito and Red Burrito, which cobrand with some Carls Jr. and Hardees, while Roark also franchises Seattles Best Coffee internationally. The company is in growth mode, targeting eight to 10 new openings a year. Furniture Medic is a global leader and franchisor in the furniture repair and restoration industry. 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. If its franchising, it better be great unit-level economics, or a franchisee would never get involved in it.. The Company provides a comprehensive suite of services primarily to retail, fleet, and industrial consumers. Suite 2500 www.roarkcapital.com, Roark Maintaining Automated Tests in TAF for V1 platform for API testing Founded in 2001, Roark Capital Group is a private equity firm based in Atlanta, Georgia. If the series of financial moves are completed as expected on June 15, Roarks interest in Cheesecake will be reduced to 2.4 million shares of common stock, or 4.6% of total shares outstanding. Fax (212) 518-2028 Cheesecake opted to trade 200,000 shares of preferred stock to Roark for $200 million, Bojangles makes no bones about its future, Pollo Tropical starts the year off with more customers and better profits, For Wendy's, keeping pace with competitors is harder than it looks, Jack in the Box reaches a 'turning point' in its bid for growth, Chevys Fresh Mex owner adds 2 more brands to portfolio. 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.