So far, it seems the risk is paying off. AmeriSpec is a leading franchisor and provider of residential and commercial real estate inspection services. Arbys same-store sales rose 2.8 percent last year and have grown every quarter since Roark acquired the chain. 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. Join the more than 1.5 million industry professionals who get our daily newsletter! 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. HOME Here's What It Said, Supporting New Restaurant Franchisees, By Experience Level, The Power of Transformation in the Restaurant World, Fast-Food Chains Turn Focus to Better In-App Experiences, How to Effectively Market a Restaurant Anniversary. 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. Take 5 is a leading provider of oil change services through a convenient drive-thru format with fast, friendly customer experience. Arbys is the largest drive-thru sandwich chain in the United States. 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 . October 01, 2020 09:01 AM Eastern Daylight Time . Aronson launched the firm in 2001 and named it for Howard Roark, the protagonist architect in Ayn Rands novel, The Fountainhead. Lines and paragraphs break automatically. There hadnt been a new flavor in five years or a new product in eight. Installation Made Easy coordinates the lead generation, sale, and installation of do-it-for-me home improvement projects on a nationwide basis on behalf of several of America's most respected home improvement and general merchandise "Big Box" retailers. 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. "Take 5 Oil Change is an ideal addition to our portfolio of brands. Massage Envy is the leading provider of therapeutic massage and skincare services in the U.S. Roark ATLANTA OFFICE 1180 Peachtree Street NE Suite 2500 Atlanta, Georgia 30309 Phone (404) 591-5200 Fax (404) 591-5201 www.roarkcapital.com. The brand offers 8- and 10-inch bundt cakes, Bundtlets and Bundtinis in multiple flavors that are hand-crafted and baked on-site. [17] The acquisition was completed on December 7, 2018. The deals became larger and more diversefast-casual, full-service, and quick-service restaurants, including some with company-owned units, not just franchisees. They have perfected their processes and deliver industry leading customer service. 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. With the acquisition of ICWG, affiliates of Roark have acquired 61 multi-unit brands which combined generate annual system revenues of approximately $25 billion from 28,000 locations in 50 states and 78 countries. Later on, it was sold to the Roark Capital Group back in 2010. What company owns Jimmy Johns? The fast-casual chain started in 1991 in Chicago and launched a franchising program in 2007. Nov 2009 - Dec 202213 years 2 months. Later acquisitions were made with capital from the second and third investment funds. If you work your tail off and follow the rules, you can be successful. Take 5 Oil Change has a phenomenal brand, operating model, and team led by Marc. 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 Denver company . Culver's is a family-favorite restaurant known for their ButterBurgers, Fresh Frozen Custard & Wisconsin Cheese Curds. 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 . AmeriSpec is a leading franchisor and provider of residential and commercial real estate inspection services. These are very smart people, he says. Web page addresses and e-mail addresses turn into links automatically. CKE is one of the world's largest franchisors and operators of quick-service restaurants under the Carls Jr. and Hardees brand banners. I called Neal and said, What have you gotten me into? Romaniello says. Baseball Academy. Naf Naf Grill and an investor group bought out the minority ownership of Roark Capital. Naf Naf Grills website lists 39 locations in eight states, including Illinois, Indiana, Minnesota, New Jersey, Ohio, Pennsylvania, Tennessee and Wisconsin. 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. 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. We dont know when yet, but it will happen, he says. Miller's appears to be in good hands with its current owners. Massage Envy is the leading provider of therapeutic massage and skincare services in the U.S. from 8 AM - 9 PM ET. We look first at the brand and the company, he says. It is part of Flynn Restaurant Group which also operates 441 . They are like the Warren Buffett of restaurants.. 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. For more information visit www.take5oilchange.com. 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. Franchisees trust in the owners rose dramatically. Arbys is the largest drive-thru sandwich chain in the United States. U.S. Roark Capital Group is an American private equity firm with over $33 billion in assets under management. For 91 years, we've been helping people take control of their financial futures. ServiceMaster Brands is the parent company of ServiceMaster Restore, ServiceMaster Clean, Merry Maids, TWO MEN AND A TRUCK, AmeriSpec, and Furniture Medic. 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 Capital Acquires Fitness Connection. Auntie Anne's menu includes hand-rolled soft pretzels baked in-store, Pretzel Nuggets, beverages (including signature lemonade) and Pretzel Dogs. Theyre very entrepreneurial., Besides, he says, theyre just plain good guys.. www.roarkcapital.com, Roark Portfolio Employees Assistance Fund. 540 Madison Ave The Chicago-based company did not disclose terms of the deal or the identity of the investor group. Known as 'America's Bodyshop', Maaco is a leading provider of auto painting and light collision repair services. ATLANTA OFFICE operator of swim schools for children of all ages, serving over 150,000 swimmers per year. Environmental, Social and Governance (ESG), HVAC (Heating, Ventilation and Air-Conditioning), Machine Tools, Metalworking and Metallurgy, Aboriginal, First Nations & Native American. Aronson began his career in investment banking and private equity in New York, working for several firms, including hedge fund Odyssey Partners. Marcato, which owns a 6.4 percent stake in the wing chain, launched its campaign . Nash had a tough exterior, but he was honest and off-the-chart smart, so he gave you great advice. He was also Roarks biggest early investor. The five times weekly e-newsletter that keeps you up-to-date on the latest industry news and additions to this website. 1 Answer ANSWER Neal Aronson. Roark prides itself on being a trusted partner for management and business owners. Roark NEW YORK OFFICE 540 Madison Ave 37th Floor New York, NY 10022 Phone (212) 806-6000 Fax (212) 518-2028 www.roarkcapital.com Meineke provides all regularly scheduled maintenance services, along with repair and replacement of vehicle components. Driven Brands Holdings Inc, one of the largest U.S. auto services franchisers, is looking to raise as much as $760 million . In its 13 years in existence, Roark has sold only three companies. Jimmy John's is one of the largest sandwich chains in the US. 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. Pet Supermarket is the largest specialty retailer of pet food and pet-related supplies based in the southeastern US. Wingstop has a total market capitalization of a gigantic $4.73 billion! 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. 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. Few of Arbys issues were present at CKE, which was acquired from private equity firm Apollo Global Management. Franchise Systems, an Atlanta-based hotel franchisor that began with one brand and 22 hotels in nine states. Content warning: This article covers allegations of sexual assault. Inspire Brands is the franchisor and operator of the Arbys, Buffalo Wild Wings, Jimmy Johns, SONIC, Dunkin, and Baskin Robbins brands. [16], Inspire Brands on September 25, 2018 announced that it was buying Oklahoma City-based Sonic Drive-In for $2.3 billion. Most compete in the quick-service sector, far downmarket from Cheesecakes turf. www.roarkcapital.com, Roark The transaction will apparently not cost Paul Ginsberg, Roark Capitals president, his seat on Cheesecakes board. 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. Nothing Bundt Cakes is a leading franchisor and operator of gourmet bakeries. The firm also provides the capital for operators to reach their goals. 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 . ATLANTA OFFICE serving 10,000+ campers per year. Our portfolio companies span multiple industries including food, restaurants, consumer and business services, health, wellness and fitness, and education and youth activities. In the book, the character doesnt bow to conventional wisdom and is seen as an authentic innovator. Contact Ron Ruggless at [emailprotected], /sites/all/themes/penton_subtheme_nrn/images/logos/footer.png. ", "This is a tremendous opportunity for Take 5 Oil Change to grow our business to the next level," said Graham. privacy policy or contact [11][12] Arby's CEO Paul Brown was selected to continue as Inspire Brands CEO. 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. 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. Who owns Miller's Ale House? As a private equity company, we will need to, and will divest companies, Aronson says. Get todays need-to-know restaurant industry intelligence. us for more details. At Roark, that patience is being tested with Arbys. 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. 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. Roark Capital Group owns other dining-out favorites, including Arby's, Auntie Anne's, Cinnabon, Carvel Ice Cream, Moe's Southwest Grill, and Wingstop. Their total assets, however, are around $250 million. He refuses to follow fads, trends, or popularity. Roark Capital Group acquired 81.5% of Arby's Restaurant Group in July 2011 and is now a majority-owner of Inspire Brands. [24], Inspire received Franchise Times 2019 Dealmaker of the Year award for its acquisitions of Buffalo Wild Wings and Sonic Drive-In.[25]. Baseball Academy brings together college and high school coaches to provide camp programs to aspiring baseball and softball players across the United States. The company is in growth mode, targeting eight to 10 new openings a year. Fax (212) 518-2028 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. If the series of financial moves are completed as expected on June 15, Roark's interest in Cheesecake will be reduced to 2.4 million shares of common stock, or 4.6% of total shares outstanding. He now owns the Gulfstream G-IV with registration . The firms first acquisition was Carvel in 2001 for $26 million. 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. 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. When typing in this field, a list of search results will appear and be automatically updated as you type.
