NEW YORK OFFICE 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. 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. Furniture Medic is a global leader and franchisor in the furniture repair and restoration industry. Who owns Miller's Ale House? 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. Orangetheory Fitness is one of the largest and fastest growing franchisors in the studio-based fitness market. 37th Floor ATLANTA OFFICE 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. Few of Arbys issues were present at CKE, which was acquired from private equity firm Apollo Global Management. Cheesecake operates its namesake brand and a high-volume Italian casual concept called North Italia. 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. You can unsubscribe at any time by clicking on the unsubscribe link at the bottom of our emails. 2023 PitchBook. McAlister's is a franchise chain of quick casual restaurants offering a variety of sandwiches, salads, soups, wraps and desserts. Others acquire companies, do some financial engineering, and then flip them after a few years. International Car Wash Group is the world's largest local car wash company, with operations in the U.S., Europe and Australia. Suite 2500 1-800 Radiator is the largest franchised automotive parts distributor in North America. Driven Brands has more than 2,000 centers across North America, and combined, all businesses generate more than $2.1 billion in system sales. When I talked to Jack, he yelled at me and shamed me into starting Roark, Aronson says. The Company provides a comprehensive suite of services primarily to retail, fleet, and industrial consumers. 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. "Take 5 Oil Change is an ideal addition to our portfolio of brands. 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. ", 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. READ MORE, Invest in Good is Roarks multi-faceted commitment to long-term social impact initiatives. 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. Auntie Anne's menu includes hand-rolled soft pretzels baked in-store, Pretzel Nuggets, beverages (including signature lemonade) and Pretzel Dogs. Waxing the City is a growing network of waxing studios with an emphasis on superior waxes, highly-trained staff, and compassionate customer service. 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. The remaining 50,000 preferred Cheesecake shares will be converted to 2,448,381 common shares of the casual-dining company. Culver's is a family-favorite restaurant known for their ButterBurgers, Fresh Frozen Custard & Wisconsin Cheese Curds. Wingstop has a total market capitalization of a gigantic $4.73 billion! It was the public. [9] On August 28, 2018, Georgia Governor Nathan Deal announced that Inspire was moving its headquarters to Sandy Springs, Georgia in 2019. 540 Madison Ave ", 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.". Atlanta, Georgia 30309 The Company provides a comprehensive suite of services primarily to retail, fleet, and industrial consumers. 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. It is part of Flynn Restaurant Group which also operates 441 . CKE is one of the world's largest franchisors and operators of quick-service restaurants under the Carls Jr. and Hardees brand banners. The deal specifies that Ginsberg and Aronson are locked up for 60 days from trying to amass a controlling interest in Cheesecake. Aronson began his career in investment banking and private equity in New York, working for several firms, including hedge fund Odyssey Partners. regarding PitchBook Data's products. 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. Is Arby's Roast Beef real or processed meat? 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Morningstar Institutional Equity Research. It takes time to build a really good company, to make it sustainable, and make the growth something thats long term.. Maintaining Automated Tests in TAF for V1 platform for API testing It has strong unit-level growth and is stable, with an excellent management team and differentiated brands, Aronson says. Similar Questions. The buyback more than doubled Roark's initial investment. We like growth, and were looking to invest in growth.. Environmental, Social and Governance (ESG), HVAC (Heating, Ventilation and Air-Conditioning), Machine Tools, Metalworking and Metallurgy, Aboriginal, First Nations & Native American. The company is in growth mode, targeting eight to 10 new openings a year. We are delighted to be a part of the Roark family. For over 30 years, Culvers guests have been treated to cooked-to-order food made with farm-fresh ingredients, served with a smile. Romaniello became the operating partner, and Hill was added as vice president of franchising and foodservice. As chief financial officer at U.S. ATLANTA OFFICE Take 5 CEO Marc Graham, who headed Take 5 Oil Change as CEO since 2013 and has more than 40 years of experience in the automotive aftermarket, will lead the Driven Brands Quick Lube division. [20], Inspire Brands on October 25, 2020 announced that it was buying Dunkin' Brands for $11.3 billion. They are like the Warren Buffett of restaurants.. Roark Capital Group serves customers in the United States. 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. ", "This is a tremendous opportunity for Take 5 Oil Change to grow our business to the next level," said Graham. 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 . They did some digging, and went straight to the source: Arby's Quality Assurance. New York, NY 10022 Today, we're one of the world's largest investment management organizations, managing $2.2 trillion.*. AmeriSpec is a leading franchisor and provider of residential and commercial real estate inspection services. 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. They really know restaurants, says Andy Puzder, chief executive of Carpinteria, Californiabased CKE. 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. Moe's Southwest Grill is the neighborhood burrito place offering flavorful Southwestern fare with a healthy twist. So far, it seems the risk is paying off. International Car Wash Group is the world's largest local car wash company, with operations in the U.S., Europe and Australia. 1180 Peachtree Street NE 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. That's because we've stayed true to our core beliefs, our approach to investing and our commitment to community. To help with Arbys, two industry prosJon Luther, Dunkin Brands chairman, and former Yorkshire Global Restaurants CEO Sid Feltensteinwere added as independent directors on Arbys board. Registered in England and Wales. Fax (212) 518-2028 [10][19] The deal closed on October 18, 2019. [17] The acquisition was completed on December 7, 2018. Youth Enrichment Brands encompasses US Sports Camps, i9 Sports, Streamline Brands, and U.S. 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. RB American is the largest Arby's franchisee, operating 370 restaurants across 9 states. [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. 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. How a young private equity firm came to own 16 restaurant brands with $11 billion in systemwide sales. Roark owns a huge stable of franchised restaurant brands through its two main holdings, Focus Brands and Inspire Brands. Luther is Arbys chairman. Fitness Connection is a leading player in the "High Value, Low Price (HVLP)" segment of the fitness industry. 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. Phone (212) 806-6000 [9][10], Inspire Brands was formed when Arby's Restaurant Group merged with Buffalo Wild Wings on February 5, 2018. For 91 years, we've been helping people take control of their financial futures. Baseball Academy brings together college and high school coaches to provide camp programs to aspiring baseball and softball players across the United States. Meineke provides all regularly scheduled maintenance services, along with repair and replacement of vehicle components. Jimmy John's Franchise, LLC is an American franchised sandwich fast food restaurant chain owned by Inspire Brands. 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. CKE is one of the world's largest franchisors and operators of quick-service restaurants under the Carls Jr. and Hardees brand banners. Inspire operates Support Centers in Atlanta, Oklahoma City, Champaign, Minneapolis, and Canton, Massachusetts. Roark Capital founder Neal Aronson has helped the firm grow to include several premier quick-service companies, including CKE and Arbys. operator of swim schools for children of all ages, serving over 150,000 swimmers per year. McAlister's is a franchise chain of quick casual restaurants offering a variety of sandwiches, salads, soups, wraps and desserts. Arbys is the largest drive-thru sandwich chain in the United States. Sign up to receive texts from Restaurant Business on news and insights that matter to your brand. Owned by private equity firm Roark Capital Group, CKE Restaurants was founded in 1966 with the opening of Carl's Jr. Clean Franchise Brands : Year Formed: 2021: . 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. 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. He follows what he believes.. Driven manages a family of automotive brands including ABRA, CARSTAR, Maaco, Meineke, Take 5, Uniban, 1-800 Radiator, and others. [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. Roark Capital Group acquired Corner Bakery in 2011 from Il Fornaio Corporation. All rights reserved. Will the Fast-Food Dining Room Live On After COVID? www.roarkcapital.com, Roark The brand offers 8- and 10-inch bundt cakes, Bundtlets and Bundtinis in multiple flavors that are hand-crafted and baked on-site. 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. Neal K Aronson is Managing Partner/Founder at Roark Capital Group. . Founded in 2001, Roark Capital Group is a private equity firm based in Atlanta, Georgia. Youll see us sell some companies over time, and youll see us take some companies public. Elane served as Group President of Kimberly-Clark International and Global President of Kimberly . Basecamp Fitness is a growing network of fitness studios featuring high-intensity and high-energy workout sessions. Franchisees trust in the owners rose dramatically. Miscellaneous . 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 . Roark ATLANTA OFFICE 1180 Peachtree Street NE Suite 2500 Atlanta, Georgia 30309 Phone (404) 591-5200 Fax (404) 591-5201 www.roarkcapital.com. . 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. 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. Ron Ruggless | Oct 29, 2020. Roark NEW YORK OFFICE 540 Madison Ave 37th Floor New York, NY 10022 Phone (212) 806-6000 Fax (212) 518-2028 www.roarkcapital.com Founded in 1999, KE Camps is the leading operator of day camps for country clubs,
When typing in this field, a list of search results will appear and be automatically updated as you type. 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. 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. Cheesecake only franchises abroad, and on a limited basis, and it is positioned squarely in the upper echelon of casual dining. AmeriSpec is a leading franchisor and provider of residential and commercial real estate inspection services. Global network of franchises providing janitorial services, carpet cleaning, hard surface floor care, tile and grout cleaning, and upholstery cleaning. Pet Supermarket is the largest specialty retailer of pet food and pet-related supplies based in the southeastern US. If you work your tail off and follow the rules, you can be successful. operator of swim schools for children of all ages, serving over 150,000 swimmers per year. Our portfolio companies span multiple industries including food, restaurants, consumer and business services, health, wellness and fitness, and education and youth activities. We look forward to partnering and helping accelerate their growth plans. 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: . Phone (404) 591-5200 Founded in 1983, Jimmy John's offers high-quality sandwiches with rapid preparation. Roark prides itself on being a trusted partner for management and business owners. 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. Our Core Values have always guided the ways we support our people, businesses, and community, and guide us in how we Invest in Good. The firm has $3 billion in capital under management, raised through three successively larger private-equity funds. It met Roarks expertise then: a franchised business in the hospitality arena. ServiceMaster Brands is the parent company of ServiceMaster Restore, ServiceMaster Clean, Merry Maids, TWO MEN AND A TRUCK, AmeriSpec, and Furniture Medic. In the announcement, ServiceMaster says: "The transaction will position the . Who is the CEO of Sonic? 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. privacy policy or contact 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. In October 2020, Pandya Restaurant Growth Brands, part of Rohan Group of Cos., owned by real estate investor and restaurant operator Jignesh Pandya of Newtown, Pennsylvania, acquired Corner Bakery . CHARLOTTE, N.C., March 30, 2016 /PRNewswire/ -- Driven Brands, a portfolio company of Roark Capital and the nation's leading automotive franchisor . Who is corner bakery owned by? Its pretty exciting to be part of helping people realize their dreams, Aronson says of franchising. 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. Merry Maids is a leading franchisor and provider of home cleaning services. Roark Capital Group specializes in franchises in the food service, retail and consumer services industries. Pet Supermarket is the largest specialty retailer of pet food and pet-related supplies based in the southeastern US. Inspire Brands is a privately owned equity company that falls under the management of Roark Capital Group . There were four CEOs in six years, a problem Aronson blames on previous ownership. . Affiliates of Roark Capital Group have sold the Dallas-based Corner Bakery Cafe brand to Pandya Restaurant Growth Brands LLC, the companies said Thursday. Theres just one distinction: Two dozen black-framed notices of the private equity firms acquisitions dot the walls along the narrow sides of the room. [24], Inspire received Franchise Times 2019 Dealmaker of the Year award for its acquisitions of Buffalo Wild Wings and Sonic Drive-In.[25]. Roark NEW YORK OFFICE 540 Madison Ave 37th Floor New York, NY 10022 Phone (212) 806-6000 Fax (212) 518-2028 www.roarkcapital.com 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. 540 Madison Ave 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 . International House of Pancakes, LLC is a wholly-owned subsidiary of Dine Brands Global (NYSE: DIN). The moves largely undo Roarks $200 million equity investment in Cheesecake back in April 2020, when the pandemic was just beginning. 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 . 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. 403 Veterans Blvd. 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. For more information, please visit www.roarkcapital.com. New York, NY 10022 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. We believe that successful partnerships begin with providing a compelling value proposition to all business constituencies. 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. Known as 'America's Bodyshop', Maaco is a leading provider of auto painting and light collision repair services.
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