Driven Brands manages a family of automotive companies including Maaco, Meineke Car Care Centers, CARSTAR North America, 1-800 Radiator & A/C, which collectively generate annual system revenues of more than $2.1 billion. 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. Inspire Brands is a privately owned equity company that falls under the management of Roark Capital Group . Aronson says the firm talks about the core values and lives them out every day, and that theyre on laminated cards given to each of Roarks 45 employees. Wingstop decided to go entirely public with an IPO (Initial Public Offering) of $19 for a share. 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. Cheesecake opted to trade 200,000 shares of preferred stock to Roark for $200 million. Article continues below . Some investors, including university endowments and investment managers, have invested in all three, a sign of Roarks performance. Inspire Brands is the franchisor and operator of the Arbys, Buffalo Wild Wings, Jimmy Johns, SONIC, Dunkin, and Baskin Robbins brands. FOCUS Brands is also the franchisor of Seattle's Best Coffee on certain military bases and in certain international markets. 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 . . Driven manages a family of automotive brands including ABRA, CARSTAR, Maaco, Meineke, Take 5, Uniban, 1-800 Radiator, and others. Take 5 Oil Change represents the 5th acquisition for Driven Brands in the year since Roark Capital acquired the business, expanding the collective brands' footprint to more than 2,000 locations in the U.S. About Driven BrandsDriven Brands, headquartered in Charlotte, NC, is the parent company of North America's leading automotive aftermarket brands across four distinct verticals: Repair & Maintenance, housing Meineke Car Care Centers and Merlin 200,000 Mile Shops; Paint & Collision, housing Maaco, CARSTAR North America and Drive N Style; Distribution, housing 1-800-Radiator & A/C; and Quick Lube, housing Pro Oil Change, Econo Lube N' Tune, Driven Florida Lubes and Take 5 Oil Change. 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. In the early days, there were real synergies and reasons to put companies together in Focus, says Hill, who became Cinnabons president. Phone (212) 806-6000 Cinnabon is an American chain of bakeries known for their "World Famous Cinnamon Rolls.".
Roark Capital Group Acquires Miller's Ale House - PR Newswire US Sports Camps offering spans 19 different physical sports, Esports, and academic programs for campers ranging from 6 to 18 years old. Fax (212) 518-2028
Quick Answer: Does Corner Bakery have bagels? - De Kooktips - Homepage Atlanta-based private-equity Roark Capital Group invested in the concept in 2015. Email this Business. Fax (404) 591-5201 The purchase of the burger chains parent, CKE Inc., which has nearly 3,450 units around the world, is Roarks biggest deal yet, and it solidified the 13-year-old firms position as one of the worlds largest limited-service dining companies. READ MORE, Roark was named after Howard Roark, the protagonist in Ayn Rand's book The Fountainhead. Under the terms of the transaction, affiliates of Roark Capital Group will pay $157 a share for Buffalo Wild Wings, just a few dollars more than the $150 price that the company traded at on the . Rating. No, Sonic is owned by Sega, who debuted the character in "Sonic The Hedgehog" for their Genesis console in 1991. They did some digging, and went straight to the source: Arby's Quality Assurance. 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 . 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 . ", 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.".
Roark Capital | LinkedIn Aronson will surrender 47,517 of the common shares to Cheesecake in exchange for $10.4 million in cash. Roark ATLANTA OFFICE 1180 Peachtree Street NE Suite 2500 Atlanta, Georgia 30309 Phone (404) 591-5200 Fax (404) 591-5201 www.roarkcapital.com. ", 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. RB AMERICAN. 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. "Arby's Restaurant Group" redirects here. 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.
Buffalo Wild Wings Takes Flight On Buyout Offer Phone (404) 591-5200 Registered in England and Wales. Founded in 1999, KE Camps is the leading operator of day camps for country clubs,
[8] Inspire Brands is majority-owned by affiliates of Roark Capital Group. This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them.
Judd Kyle Shader - Founder & Executive Chairman - LinkedIn At Roark, that patience is being tested with Arbys. Global network of franchises providing janitorial services, carpet cleaning, hard surface floor care, tile and grout cleaning, and upholstery cleaning.
Neal K Aronson, Roark Capital Group: Profile and Biography Roark Capital Group finalized its deal to acquire Buffalo Wild Wings for $2.9 billion on February 5. The brand was named a Nations Restaurant News Hot Concept in 2016. 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. Stronger U is a digital, personalized nutrition-based health coaching services brand. Although CKE has debtthe company refinanced $1 billion last yearAronson says its very manageable. 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 following year, Focus Brands was formed to hold Roarks foodservice acquisitions. Envysion is a loss prevention platform designed to protect businesses, brands, Since 2015, Scena has provided as-built digital twin services to restaurants for, Full-service communications and PR agency specializing in the Restaurant and, Refreshed Branding Boosts Mendocino Farms' Growth Plans, Patrick Doyle Brings His Turnaround Magic to Burger King, Free to Qualified Restaurant Professionals, Dave's Hot Chicken Announces Partnership with Movie Franchise, Scream, Slutty Vegan Sets Opening Date for Second NYC Location, Jet's Pizza to Give Away Year's Worth of Ranch, Biscuitville Establishes Special Fund to Assist Employees with Financial Hardships. Do not sell my personal infoPrivacy PolicyContact UsRSS, Cheesecake Factory buys most of Roark's stake for $457M. HOME Driven Brands Holdings Inc, one of the largest U.S. auto services franchisers, is looking to raise as much as $760 million . 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.. He has conviction, passion, unbelievable honesty, openness, and hes loyal and trustworthy. See our history.
8 Secrets Buffalo Wild Wings Doesn't Want You to Know Roark Capital Group - CB Insights Uniban is a leading network of glass repair and replacement service centers across North America. us for more details. 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. "With this partnership, we have access to world-class technology, purchasing power, operational support and resources that will enable us to accelerate our growth and success.". Phone (212) 806-6000 Environmental, Social and Governance (ESG), HVAC (Heating, Ventilation and Air-Conditioning), Machine Tools, Metalworking and Metallurgy, Aboriginal, First Nations & Native American. October 01, 2020 09:01 AM Eastern Daylight Time . The acquisitions are a team effort, Hill says, relying on Roarks operational, financial, and other resources. There hadnt been a new flavor in five years or a new product in eight. Founded in 1972, Meineke is an automotive aftermarket industry pioneer and leading provider of repair and maintenance services. GROUP. Orangetheory Fitness is one of the largest and fastest growing franchisors in the studio-based fitness market. North Italia is a modern interpretation of Italian cooking in the upscale casual dining segment, offering a variety of dishes that are handmade from scratch daily. Winsight is a leading B2B information services company focused on the food and beverage industry, providing insight and market intelligence to business leaders in every channel consumers buy food and beverage convenience stores, grocery retailing, restaurants and noncommercial foodservice through media, events, data products, advisory services, and trade shows. Nation's Restaurant News is part of the Informa Connect Division of Informa PLC. There were four CEOs in six years, a problem Aronson blames on previous ownership.
Founder & Chief Executive Officer. The Company focuses on management of buy-outs, acquisitions, mergers, recapitalizations, restructuring, business transfers, corporate divestiture, and other situations.
Roark Acquires Great Expressions Dental Centers We look forward to partnering and helping accelerate their growth plans. 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. Roark Capital Group Inc. Roark Capital Group Inc. operates as a private equity firm. . Merry Maids is a leading franchisor and provider of home cleaning services.
Corner Bakery Cafe sells to Boston Market owner Pandya operator of swim schools for children of all ages, serving over 150,000 swimmers per year. While the firm has not sold any of its restaurant companies yet, that time will come. regarding PitchBook Data's products. 540 Madison Ave 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. 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. McAlister's is a franchise chain of quick casual restaurants offering a variety of sandwiches, salads, soups, wraps and desserts. 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 firm also provides the capital for operators to reach their goals.
Roark Capital Group 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. 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. International Car Wash Group is the world's largest local car wash company, with operations in the U.S., Europe and Australia. This outlook helps makes Roark successful, says Lex Lane, Wingstop franchisee and vice president and business development officer at United Capital Business Lending in suburban Baltimore. Marcato, which owns a 6.4 percent stake in the wing chain, launched its campaign . 37th Floor 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. 37th Floor
Roark Capital Acquires ServiceMaster for $1.5 Billion 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. "Take 5 Oil Change is an ideal addition to our portfolio of brands. 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. [18], Inspire Brands announced that it was buying Jimmy John's on September 25, 2019. Schlotzsky's is a chain of quick casual restaurants offering made-to-order sandwiches, soups, salads and pizza. Take 5 is a leading provider of oil change services through a convenient drive-thru format with fast, friendly customer experience. It takes time to build a really good company, to make it sustainable, and make the growth something thats long term.. 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. The deal specifies that Ginsberg and Aronson are locked up for 60 days from trying to amass a controlling interest in Cheesecake. Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Atlanta, Georgia 30309 ORLANDO, Florida: Under recently reinstated CEO Bob Iger, Walt Disney Co. announced this week that it is cutting 7,000 jobs, or 3.6 percent of the company's global workforce, to save $5.5 billion in costs and seek to make its streaming business profitable. Baseball Academy. 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 brand offers 8- and 10-inch bundt cakes, Bundtlets and Bundtinis in multiple flavors that are hand-crafted and baked on-site. Roark prides itself on being a trusted partner for management and business owners. 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. In 2006, Brinker sold the company ( but still owns Maggiano's ), and Corner Bakery Cafe began franchising a year later. Get todays need-to-know restaurant industry intelligence. (417) 334-3196.
Atkins Nutritionals Up For Sale - WSJ By the end of the first year under Roark leadership, 21 new menu items were added. 1 Answer ANSWER Neal Aronson.
Roark :: About Roark - Roark Capital Group FOCUS Brands is also the franchisor of Seattle's Best Coffee on certain military bases and in certain international markets. Jimmy John's is one of the largest sandwich chains in the US.
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. Members help make our journalism possible. Later on, it was sold to the Roark Capital Group back in 2010. Affiliates of Roark Capital Group have sold the Dallas-based Corner Bakery Cafe brand to Pandya Restaurant Growth Brands LLC, the companies said Thursday.
Naf Naf Grill, investor group buy out Roark ownership It was founded by Jimmy John Liautaud in 1983 and is headquartered in Champaign, Illinois. Founded in 1975 and headquartered in San Rafael, CA, US Sports camps is the licensed operator of Nike Sports Camps. Youth Enrichment Brands encompasses US Sports Camps, i9 Sports, Streamline Brands, and U.S. 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:
. ATLANTA OFFICE Arbys is the largest drive-thru sandwich chain in the United States. Jul 22, 2013, 08:00 ET. Some firms seek investments that fit into specific size parameters. 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 . With this acquisition, Driven Brands continues to expand its Quick Lube division, which also includes Pro Oil Change and Driven Florida Lubes. 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. serving 10,000+ campers per year. Massage Envy is the leading provider of therapeutic massage and skincare services in the U.S. 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. The fast . 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. READ MORE, Site Map | Search | Terms of Use | Privacy Policy | Accessibility, Roark Roark Capital Portfolio Company Driven Brands Acquires Take 5 Oil Change The Bar Method is a leading low-impact studio fitness franchise with locations across the US and Canada. Nothing Bundt Cakes is a leading franchisor and operator of gourmet bakeries. operator of swim schools for children of all ages, serving over 150,000 swimmers per year. 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. . Roark Capital Group Contact: Debra Vilchis Fishman Public Relations 847-945-1300 [emailprotected], Cision Distribution 888-776-0942 Anytime Fitness is the largest fitness franchise in the world, with gym facilities open 24 hours a day, 365 days a year. Naf Naf Grill and an investor group bought out the minority ownership of Roark Capital. The Big Take is the very best of Bloomberg's in-depth, original reporting from around the globe every day. Phone (212) 806-6000 Who owns capital music group? Texas-based Corner Bakery Caf files for Chapter 11 bankruptcy Take 5 Oil Change is the market leader in speed and quality, and is the fastest growing quick lube chain in the country. serving 10,000+ campers per year. For 91 years, we've been helping people take control of their financial futures. 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. Roark Capital Group acquired 81.5% of Arby's Restaurant Group in July 2011 and is now a majority-owner of Inspire Brands. 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. Roark's portfolio companies - Business Insider Billionaire Founder Of Jimmy John's Sells His Remaining - Forbes The securities filing states that Aronson will have the discretion to manage the shares as he sees fit. [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. The Company focuses on management of buy-outs, acquisitions, mergers, recapitalizations, restructuring . The deal shocked an industry already stunned by the unprecedented market changes they were seeing as coronavirus shut down much of the nation. Mar 30, 2016, 11:48 ET. Waxing the City is a growing network of waxing studios with an emphasis on superior waxes, highly-trained staff, and compassionate customer service. [21][22] The acquisition was completed on December 15, 2020. 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. Anon { relativeTimeResolver(1660511260487) }} LIVE Points 3. privacy policy or contact Inspire Brands is majority-owned by affiliates of Roark Capital Group. Suite 2500 Founded in 1984, Take 5 Oil Change operates 65 quick oil change facilities across nine states throughout the Southeast. It has strong unit-level growth and is stable, with an excellent management team and differentiated brands, Aronson says. 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.
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