who owns roark capital group

They keep their companies autonomous, but they understand how to control costs and focus on getting the profit margins up.. Jimmy still owns 35%. Buffalo Wild Wings is sold to owner of Arby's, Jimmy John's Self Esteem Brands is the parent company of Anytime Fitness, Basecamp Fitness, The Bar Method, Waxing the City, Stronger U, and Healthy Contributions. Wendy's owns about 18.5 percent of Arby's, with their stake valued at around $325.9 . Suite 2500 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. See Neal K Aronson's compensation, career history, education, & memberships. Roark ATLANTA OFFICE 1180 Peachtree Street NE Suite 2500 Atlanta, Georgia 30309 Phone (404) 591-5200 Fax (404) 591-5201 www.roarkcapital.com. Article continues below . Previously, Okeson was a partner at Alston & Bird LLP in Atlanta, Georgia, where he spent 15 years specializing in corporate governance, mergers and acquisitions . 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. Founded in 1984, Take 5 Oil Change operates 65 quick oil change facilities across nine states throughout the Southeast. Culver's is a family-favorite restaurant known for their ButterBurgers, Fresh Frozen Custard & Wisconsin Cheese Curds. Roark Capital Group finalized its deal to acquire Buffalo Wild Wings for $2.9 billion on February 5. 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. Fax (212) 518-2028 Roark Capital-owned Driven Brands targets over $3 bln valuation in IPO. 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. I called Neal and said, What have you gotten me into? Romaniello says. Uniban is a leading network of glass repair and replacement service centers across North America. . Few of Arbys issues were present at CKE, which was acquired from private equity firm Apollo Global Management. Suite 2500 [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 focuses on franchised and multi-unit business models in the retail, restaurant, consumer and business services sectors. 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 . Their total assets, however, are around $250 million. Who Owns Wingstop? How It Started - Under30CEO Luther is Arbys chairman. The acquisitions are a team effort, Hill says, relying on Roarks operational, financial, and other resources. 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. Inspire Brands is the franchisor and operator of the Arbys, Buffalo Wild Wings, Jimmy Johns, SONIC, Dunkin, and Baskin Robbins brands. READ MORE, Invest in Good is Roarks multi-faceted commitment to long-term social impact initiatives. Arbys is the largest drive-thru sandwich chain in the United States. In the announcement, ServiceMaster says: "The transaction will position the . Cinnabon is an American chain of bakeries known for their "World Famous Cinnamon Rolls.". Roark Capital Group Profile: Totals OpenSecrets The fast-casual chain started in 1991 in Chicago and launched a franchising program in 2007. Who is corner bakery owned by? It has strong unit-level growth and is stable, with an excellent management team and differentiated brands, Aronson says. Founded in 1975 and headquartered in San Rafael, CA, US Sports camps is the licensed operator of Nike Sports Camps. ABRA is a leading network of franchised automotive collision repair shops. www.roarkcapital.com. who owns ihop Official 2023 Anon { relativeTimeResolver(1660511260487) }} LIVE Points 3. Is Arby's Roast Beef real or processed meat? Corner Bakery sold to Pandya Restaurant group 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. 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. 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. The company, which was sold by Roark Capital Group to Pandya Restaurant Growth Brands in October 2020, has two locations in San Antonio, Texas. Environmental, Social and Governance (ESG), HVAC (Heating, Ventilation and Air-Conditioning), Machine Tools, Metalworking and Metallurgy, Aboriginal, First Nations & Native American. 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. 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. 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. Fax (212) 518-2028 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. Become a Restaurant Business member today and unlock exclusive benefits, including unlimited access to all of our content. 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. US Sports Camps is the nations leading youth sports camp company, serving more than 100,000 campers across 1,200+ camps in 48 states. They understand franchising, and they know brands and understand branding. To this day, Wingstop is still under the Roark Capital Group. Roark Capital Portfolio Company Driven Brands Acquires Take 5 Oil Change Franchise Systems, an Atlanta-based hotel franchisor that began with one brand and 22 hotels in nine states. 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: . Cheesecake Factory buys most of Roark's stake for $457M Driven manages a family of automotive brands including ABRA, CARSTAR, Maaco, Meineke, Take 5, Uniban, 1-800 Radiator, and others. Jimmy John's is one of the largest sandwich chains in the US. Theyre very entrepreneurial., Besides, he says, theyre just plain good guys.. ATLANTA OFFICE The deals became larger and more diversefast-casual, full-service, and quick-service restaurants, including some with company-owned units, not just franchisees. 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. Atkins Nutritionals Up For Sale - WSJ Basecamp Fitness is a growing network of fitness studios featuring high-intensity and high-energy workout sessions. 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. Roark managing partner Neal Aronson will retain control of a 4.6% stake. New York, NY 10022 Roark Capital is an Atlanta-based private equity firm. [17] The acquisition was completed on December 7, 2018. They did some digging, and went straight to the source: Arby's Quality Assurance. I agree to receive PitchBook Data's electronic newsletters, updates, promotions and related messages Our portfolio companies span multiple industries including food, restaurants, consumer and business services, health, wellness and fitness, and education and youth activities. The firm has $3 billion in capital under management, raised through three successively larger private-equity funds. Roark Vacation Resort | Better Business Bureau Profile Content warning: This article covers allegations of sexual assault. The Chicago-based company did not disclose terms of the deal or the identity of the investor group. Win whats next. An arm of Atlanta-based Roark Capital Group plans to buy ServiceMaster Brands for $1.55 billion within 30 to 60 days. Flower Child is a growing, fast casual restaurant offering a customizable menu, made fresh from scratch, featuring locally-sourced, all-natural and organic ingredients. 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 . 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. Latest Addition to Driven Brands Strengthens Leadership Position in Automotive Aftermarket Services Industry. 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. Furniture Medic is a global leader and franchisor in the furniture repair and restoration industry. Who Owns Who in Franchising? Over 50 of the Most Popular Franchise 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. The Denver company . This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. Roark Portfolio Employees Assistance Fund. They are like the Warren Buffett of restaurants.. Merry Maids is a leading franchisor and provider of home cleaning services. 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 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. operator of swim schools for children of all ages, serving over 150,000 swimmers per year. Were just not big believers in shortcuts, Aronson says. Who owns roark capital group? CARSTAR is the largest franchise network of automotive collision repair shops in North America. New York, NY 10022 Roark Capital Group. 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. Flower Child is a growing, fast casual restaurant offering a customizable menu, made fresh from scratch, featuring locally-sourced, all-natural and organic ingredients.

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