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. Miller's appears to be in good hands with its current owners. New York, NY 10022 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. ", "This is a tremendous opportunity for Take 5 Oil Change to grow our business to the next level," said Graham. Contact Ron Ruggless at [emailprotected], /sites/all/themes/penton_subtheme_nrn/images/logos/footer.png. The buyback more than doubled Roark's initial investment. Orangetheory Fitness is one of the largest and fastest growing franchisors in the studio-based fitness market. Roark Capital Group is an Atlanta-based private equity firm that specializes in franchise, brand management, environmental services and marketing services companies with attractive growth prospects. serving 10,000+ campers per year. You don't drive past their logos every time you leave the house. 540 Madison Ave CKE is one of the world's largest franchisors and operators of quick-service restaurants under the Carls Jr. and Hardees brand banners. Roark ATLANTA OFFICE 1180 Peachtree Street NE Suite 2500 Atlanta, Georgia 30309 Phone (404) 591-5200 Fax (404) 591-5201 www.roarkcapital.com. Do not sell my personal infoPrivacy PolicyContact UsRSS, Cheesecake Factory buys most of Roark's stake for $457M. 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. 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. 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. Founded in 1988, U.S. Become a Restaurant Business member today and unlock exclusive benefits, including unlimited access to all of our content. HOME We look forward to partnering and helping accelerate their growth plans. Was decided. 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. He plans to structure the company similar to Hilton Hotels & Resorts. In the book, the character doesnt bow to conventional wisdom and is seen as an authentic innovator. Youth Enrichment Brands encompasses US Sports Camps, i9 Sports, Streamline Brands, and U.S. Founded in 1999, KE Camps is the leading operator of day camps for country clubs,
It was the public. Phone (212) 806-6000 Ask the Restaurant Legal Professionals: What to Know When Hiring Minors, Starbucks' Next Big Innovation: Coffee Infused with Olive Oil, FDA Food Code Update, and its Impact on Quick Service, The Future of Fast Casual in 2023 and Beyond, 40 Million People Downloaded McDonalds App in 2022, Sweetgreen Alters Growth Strategy for Sake of Profitability, Legendary Pitmaster Pat Martin Comes Back Swinging, Pals Success and Longevity is Anything but Sudden, Jack in the Boxs Development Reaches Turning Point, Wendy's Entices Operators with New Investment Opportunity, How Restaurants Can Use Location Data to Boost Efficiency, 5 Ways Software Can Improve Restaurant Operations, Why its Time to Pay Attention to Loyalty Capture Rate, Focus Brands Exec Shares How to Transform Your Supply Chain, Experiential Offers Unlock True Loyalty for Restaurant Brands, Inside Smoothie Kings Transformation to a Healthy Lifestyle Brand, The Missing Puzzle Piece of the Workforce Crisis, How Restaurants Can Develop a Recession-Proof Recruitment Strategy, Burger King Parent CEO Jose Cil to Step Down, From Resignation to Retention: The Evolution of the Labor Market, FAT Brands Knows Exactly How to Remove its Debt, Starbucks Teases Game-Changer as Sales Rocket Higher, Chipotle Vet Forms Multi-Brand Platform for Rising Fast Casuals, South Block Grows Thanks to Strong Community Ties, Daddy's Chicken Shack Finds the Perfect Chemistry, Portillo's First Texas Unit is Earning $48K Per Day, Inside Steak n Shakes Winding Road Back, Dutch Bros Fine-Tunes Rewards Program, But Buzz Remains Same, We Asked AI How to Properly Open a Ghost Kitchen. Founded in 1975 and headquartered in San Rafael, CA, US Sports camps is the licensed operator of Nike Sports Camps. Their total assets, however, are around $250 million. Some investors, including university endowments and investment managers, have invested in all three, a sign of Roarks performance. Fax (404) 591-5201 About Roark Capital Group. Nothing Bundt Cakes is a leading franchisor and operator of gourmet bakeries. Founded in 2006, Streamline Brands is a leading franchisor and
We look first at the brand and the company, he says. They are like the Warren Buffett of restaurants.. 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. operator of swim schools for children of all ages, serving over 150,000 swimmers per year. privacy policy or contact 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 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. Inspire operates Support Centers in Atlanta, Oklahoma City, Champaign, Minneapolis, and Canton, Massachusetts. 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. Started in Jupiter, FL in 1988 by husband and wife team Jack and Claire Miller, Miller's Ale House is a sports-themed full service restaurant that offers an extensive menu of freshly prepared food and top-quality drinks. . Driven Brands Holdings Inc, one of the largest U.S. auto services franchisers, is looking to raise as much as $760 million . GROUP. . The deals became larger and more diversefast-casual, full-service, and quick-service restaurants, including some with company-owned units, not just franchisees. READ MORE, Roark was named after Howard Roark, the protagonist in Ayn Rand's book The Fountainhead. Global network of franchises providing janitorial services, carpet cleaning, hard surface floor care, tile and grout cleaning, and upholstery cleaning. They did some digging, and went straight to the source: Arby's Quality Assurance. The Bar Method is a leading low-impact studio fitness franchise with locations across the US and Canada. The firings came Meineke provides all regularly scheduled maintenance services, along with repair and replacement of vehicle components. 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. There were four CEOs in six years, a problem Aronson blames on previous ownership. 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. How a young private equity firm came to own 16 restaurant brands with $11 billion in systemwide sales. 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. 1 Answer ANSWER Neal Aronson. The boardroom at Roark Capital Group's 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.There's just one distinction: Two dozen black-framed notices of the private equity firm's acquisitions dot the walls along the narrow sides of the room. Site Map | Search | Terms of Use | Privacy Policy | Accessibility, Roark Environmental, Social and Governance (ESG), HVAC (Heating, Ventilation and Air-Conditioning), Machine Tools, Metalworking and Metallurgy, Aboriginal, First Nations & Native American. 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. The deal shocked an industry already stunned by the unprecedented market changes they were seeing as coronavirus shut down much of the nation. Roark focuses on franchised and multi-unit business models in the retail, restaurant, consumer and business services sectors. The Chicago-based company did not disclose terms of the deal or the identity of the investor group. 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. Atlanta, Georgia 30309 We want to partner with entrepreneurs and executives who share this vision. Meineke provides all regularly scheduled maintenance services, along with repair and replacement of vehicle components. Founded in 1983, Jimmy John's offers high-quality sandwiches with rapid preparation. Site Map | Search | Terms of Use | Privacy Policy | Accessibility, Roark Roark also owns nearly a dozen non-eatery franchise businesses. Nation's Restaurant News is part of the Informa Connect Division of Informa PLC. Roark Capital Group. The Rohan Group of Companies, which owns Pandya Restaurant Growth Brands, had hoped to expand the Corner Bakery brand, but it remains unclear how the bankruptcy filing will impact those plans. Roark has a history of creating jobs, providing opportunities, and helping people and companies realize their potential. 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. regarding PitchBook Data's products. Neal Aronson founded Roark Capital in . In the early days, there were real synergies and reasons to put companies together in Focus, says Hill, who became Cinnabons president. 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. . When the company was sold in 2000, it had three brands and some 500 hotels in all 50 states and five countries. Our Core Values have always guided the ways we support our people, businesses, and community, and guide us in how we Invest in Good. ATLANTA OFFICE There was talent at Carvel that Cinnabon could benefit from, and talent at Cinnabon that Carvel could use.. Roark focuses on franchised and multi-unit business models in the retail, restaurant, consumer and business services sectors. Number 8860726. Roark Capital Group finalized its deal to acquire Buffalo Wild Wings for $2.9 billion on February 5. In 1996 Take 5 designed the first "5 Minute Drive-Thru Oil Change" location. RB American is the largest Arby's franchisee, operating 370 restaurants across 9 states. Romaniello became the operating partner, and Hill was added as vice president of franchising and foodservice. 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. McAlister's is a franchise chain of quick casual restaurants offering a variety of sandwiches, salads, soups, wraps and desserts. Roark Capital Group owns other dining-out favorites, including Arby's, Auntie Anne's, Cinnabon, Carvel Ice Cream, Moe's Southwest Grill, and Wingstop. www.roarkcapital.com, Roark A winwinwin approach leads to a positive business environment where all stakeholders customers, employees, franchisees, strategic partners, service providers, management and shareholders share in the growth and success of our businesses. 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 . Inspire Brands is a privately owned equity company that falls under the management of Roark Capital Group . In 2016 Liautaud sold a majority share in the company to Roark Capital. Moe's Southwest Grill is the neighborhood burrito place offering flavorful Southwestern fare with a healthy twist. Roarks strategy is to focus on a few industries and dive deeply into them, gaining knowledge and insight that is important to make acquisitions and providing expertise to its operating company managers, who typically hold an equity stake. The Company provides a comprehensive suite of services primarily to retail, fleet, and industrial consumers. Affiliates of Roark Capital Group have sold the Dallas-based Corner Bakery Cafe brand to Pandya Restaurant Growth Brands LLC, the companies said Thursday. "Take 5 Oil Change is an ideal addition to our portfolio of brands. Theres also Green Burrito and Red Burrito, which cobrand with some Carls Jr. and Hardees, while Roark also franchises Seattles Best Coffee internationally. Founder & Chief Executive Officer. B-Dubs might be going private. 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. It met Roarks expertise then: a franchised business in the hospitality arena. 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. Marcato, which owns a 6.4 percent stake in the wing chain, launched its campaign . 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. 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. It now owns three of the 25 biggest quick-service restaurant chainsit acquired a majority stake in Arbys three years agoand oversees a 16-brand dining empire with some $11 billion in systemwide sales and nearly 12,100 units employing some 300,000 people. Suite 2500 . So far, it seems the risk is paying off. 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. 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. 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. Will the Fast-Food Dining Room Live On After COVID? Phone (404) 591-5200 Take 5 is a leading provider of oil change services through a convenient drive-thru format with fast, friendly customer experience.
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