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. Wingstop decided to go entirely public with an IPO (Initial Public Offering) of $19 for a share. ", "This is a tremendous opportunity for Take 5 Oil Change to grow our business to the next level," said Graham. The Company focuses on management of buy-outs, acquisitions, mergers, recapitalizations, restructuring . ServiceMaster Brands is the parent company of ServiceMaster Restore, ServiceMaster Clean, Merry Maids, TWO MEN AND A TRUCK, AmeriSpec, and Furniture Medic. Driven Brands is the largest automotive services company in North America. 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. 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. Dunkin is famous for its combination of high-quality coffees, espresso beverages, baked goods, and breakfast sandwiches served all day with fast, friendly service. ", 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.". 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. Branson, MO 65616-2060. Inspire operates Support Centers in Atlanta, Oklahoma City, Champaign, Minneapolis, and Canton, Massachusetts. Known as 'America's Bodyshop', Maaco is a leading provider of auto painting and light collision repair services. Take 5 is a leading provider of oil change services through a convenient drive-thru format with fast, friendly customer experience. New York, NY 10022 Arbys is the largest drive-thru sandwich chain in the United States. 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. Schlotzsky's is a chain of quick casual restaurants offering made-to-order sandwiches, soups, salads and pizza. Jimmy John's and Rusty Taco parent company has completed its acquisition of Dunkin' Brands Group for $11.3 billion (or . 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. Fitness Connection is a leading player in the "High Value, Low Price (HVLP)" segment of the fitness industry. [11][12] Arby's CEO Paul Brown was selected to continue as Inspire Brands CEO. Win whats next. Roark Capital Group acquired Corner Bakery in 2011 from Il Fornaio Corporation. 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. We believe that successful partnerships begin with providing a compelling value proposition to all business constituencies. They keep their companies autonomous, but they understand how to control costs and focus on getting the profit margins up.. Founded in 1988, U.S. The Bar Method is a leading low-impact studio fitness franchise with locations across the US and Canada. Suite 2500 We dont know when yet, but it will happen, he says. Private equity often involves deals of dizzying size to buy companies your average consumer has never heard of. When typing in this field, a list of search results will appear and be automatically updated as you type. B-Dubs might be going private. In 1996 Take 5 designed the first "5 Minute Drive-Thru Oil Change" location. ATLANTA, July 22, 2013 /PRNewswire/ -- Roark Capital Group, an Atlanta -based private equity firm, announced today that an affiliate had acquired 65 unit Miller's Ale House . 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. ", 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. Who is the CEO of Sonic? Phone (212) 806-6000 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 is an Atlantabased private equity firm with $33 billion in assets under management. Mathnasium is a leading franchisor of math learning centers with over 1,000 locations across 46 states and 12 countries. CARSTAR is the largest franchise network of automotive collision repair shops in North America. Roark Capital Group General Information. The franchisees hated the company, says Romaniello, now a Roark managing partner. The following year, Focus Brands was formed to hold Roarks foodservice acquisitions. Roark Capital Group specializes in franchises in the food service, retail and consumer services industries. Basecamp Fitness is a growing network of fitness studios featuring high-intensity and high-energy workout sessions. | Roark is an Atlantabased private equity firm with $35 billion in assets under management. Youth Enrichment Brands encompasses US Sports Camps, i9 Sports, Streamline Brands, and U.S. 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. Jamba is a category-leading smoothie and juice chain that offers a variety of high quality smoothies, juices, bowls and other products. While the firm has not sold any of its restaurant companies yet, that time will come. [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. Luther is Arbys chairman. Roark owns a huge stable of franchised restaurant brands through its two main holdings, Focus Brands and Inspire Brands. Roark has a history of creating jobs, providing opportunities, and helping people and companies realize their potential. Jimmy John's is one of the largest sandwich chains in the US. refer to our It is part of Flynn Restaurant Group which also operates 441 . Author has 4.2K answers and 3.1M answer views. New York, NY 10022 "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. FOCUS Brands is also the franchisor of Seattle's Best Coffee on certain military bases and in certain international markets. Baseball Academy. . www.roarkcapital.com, Roark They understand franchising, and they know brands and understand branding. 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. Inspire Brands is the franchisor and operator of the Arbys, Buffalo Wild Wings, Jimmy Johns, SONIC, Dunkin, and Baskin Robbins brands. 1-800 Radiator is the largest franchised automotive parts distributor in North America. About Roark Capital Group. Nothing Bundt Cakes is a leading franchisor and operator of gourmet bakeries. See our history. Aronson began his career in investment banking and private equity in New York, working for several firms, including hedge fund Odyssey Partners. . 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. We like growth, and were looking to invest in growth.. Founded in 1988, U.S. Atlanta, Georgia 30309 Waxing the City is a growing network of waxing studios with an emphasis on superior waxes, highly-trained staff, and compassionate customer service. International House of Pancakes, LLC is a wholly-owned subsidiary of Dine Brands Global (NYSE: DIN). It comes down to a few basic principles treat everyone the way you want to be treated, always do what you say, and always do what is right and long-term smart regardless of conventional wisdom, even when its really hard and when no one is looking. Take 5 Oil Change is the market leader in speed and quality, and is the fastest growing quick lube chain in the country. Cinnabon is an American chain of bakeries known for their "World Famous Cinnamon Rolls.". 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. 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. operator of swim schools for children of all ages, serving over 150,000 swimmers per year. Known as 'America's Bodyshop', Maaco is a leading provider of auto painting and light collision repair services. Is Arby's Roast Beef real or processed meat? McAlister's is a franchise chain of quick casual restaurants offering a variety of sandwiches, salads, soups, wraps and desserts. Arbys same-store sales rose 2.8 percent last year and have grown every quarter since Roark acquired the chain. GROUP. 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. The fast . Environmental, Social and Governance (ESG), HVAC (Heating, Ventilation and Air-Conditioning), Machine Tools, Metalworking and Metallurgy, Aboriginal, First Nations & Native American. Founded in 1983, Jimmy John's offers high-quality sandwiches with rapid preparation. The securities filing states that Aronson will have the discretion to manage the shares as he sees fit. 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. At Roark, that patience is being tested with Arbys. All rights reserved. Youll see us sell some companies over time, and youll see us take some companies public. 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. You don't drive past their logos every time you leave the house. What company owns Jimmy Johns? Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Jul 22, 2013, 08:00 ET. 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. Anytime Fitness is the largest fitness franchise in the world, with gym facilities open 24 hours a day, 365 days a year. [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. When I talked to Jack, he yelled at me and shamed me into starting Roark, Aronson says. When the company was sold in 2000, it had three brands and some 500 hotels in all 50 states and five countries. Founded in 2006, Streamline Brands is a leading franchisor and
Roark Capital founder Neal Aronson has helped the firm grow to include several premier quick-service companies, including CKE and Arbys. Lines and paragraphs break automatically. Terms of . Cheesecake opted to trade 200,000 shares of preferred stock to Roark for $200 million. The stake will be controlled by Roark founder and managing partner Neal Aronson, according to securities documents filed Monday.