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AmeriSpec is a leading franchisor and provider of residential and commercial real estate inspection services. We look first at the brand and the company, he says. 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. 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. 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Founded in 1975 and headquartered in San Rafael, CA, US Sports camps is the licensed operator of Nike Sports Camps. Take 5 is a leading provider of oil change services through a convenient drive-thru format with fast, friendly customer experience. 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. Roark Capital Group , an Atlanta-based private equity firm, acquired Miller's Ale House, a growing casual dining restaurant chain, from owners Jack Miller, KarpReilly and SKM Equity Fund III. He has conviction, passion, unbelievable honesty, openness, and hes loyal and trustworthy. operator of swim schools for children of all ages, serving over 150,000 swimmers per year. Previously, Okeson was a partner at Alston & Bird LLP in Atlanta, Georgia, where he spent 15 years specializing in corporate governance, mergers and acquisitions . The transaction will apparently not cost Paul Ginsberg, Roark Capitals president, his seat on Cheesecakes board. 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. In the book, the character doesnt bow to conventional wisdom and is seen as an authentic innovator. 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. 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 . Roark Capital Group serves customers in the United States. 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 . Franchise Systems, an Atlanta-based hotel franchisor that began with one brand and 22 hotels in nine states. refer to our Founded in 1988, U.S. [18], Inspire Brands announced that it was buying Jimmy John's on September 25, 2019. Billionaire Founder Of Jimmy John's Sells His Remaining - Forbes How Roark Capital's Neal Aronson won over franchisees to build a $54 billion fast-food juggernaut with brands like Arby's, Dunkin', and Buffalo Wild Wings. Roark Capital Acquires ServiceMaster for $1.5 Billion 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. Ron Ruggless | Oct 29, 2020. Jimmy John's is one of the largest sandwich chains in the US. 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 . Naf Naf Grill and an investor group bought out the minority ownership of Roark Capital. READ MORE, Roark was named after Howard Roark, the protagonist in Ayn Rand's book The Fountainhead. Roark Capital Group acquires Jim 'N Nick's Bar-B-Q serving 10,000+ campers per year. Founded in 1965, ICWG is the world's largest conveyor car wash company currently operating in 14 countries around the globe, washing more than 35 million cars every year through a network of more than 900 locations. "We are excited to partner with Roark, an experienced investor in growing multi-unit businesses, to help us accelerate ICWG's growth," said Mike Smith, Executive Chairman of ICWG. 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. 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. Our Core Values have always guided the ways we support our people, businesses, and community, and guide us in how we Invest in Good. 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Founded in Germany in 1965, the Company has solidified its position as the international market leader, developing an extensive network of more than 750 car wash locations across Europe and more than 100 car wash locations in the U.S. ICWG's focus on express-service style operations appeals to a broad base of consumers seeking a quick and high quality wash at an affordable price. So far, it seems the risk is paying off. 37th Floor Our goal is to be the preferred capital source for private equity solutions by earning the respect of everyone we interact with. Atlanta, Georgia 30309 READ MORE, Site Map | Search | Terms of Use | Privacy Policy | Accessibility, Roark Flower Child is a growing, fast casual restaurant offering a customizable menu, made fresh from scratch, featuring locally-sourced, all-natural and organic ingredients. US Sports Camps offering spans 19 different physical sports, Esports, and academic programs for campers ranging from 6 to 18 years old. Meineke provides all regularly scheduled maintenance services, along with repair and replacement of vehicle components. All of those characteristics have helped turn Roark into one of the biggest influencers in the quick-service industry. Roark Portfolio Employees Assistance Fund. Environmental, Social and Governance (ESG), HVAC (Heating, Ventilation and Air-Conditioning), Machine Tools, Metalworking and Metallurgy, Aboriginal, First Nations & Native American. Take 5 Oil Change is the market leader in speed and quality, and is the fastest growing quick lube chain in the country. 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. 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. [11] Brown expected that Inspire would acquire additional chains in different segments. Howard Roarks characteristics led to Roark Capitals 12 core values, including commitment, integrity, collaboration, and accountability. Arbys is the largest drive-thru sandwich chain in the United States. Roark bought control of Arbys for $430 million in cash and debt, despite 2010 results that one analyst dubbed amongst the worst in modern restaurant history.. Roark Capital Group Acquires International Car Wash Group - PR Newswire Greenwood Village, CO. Leeds West Groups (LWG) was founded in 2009 by current CEO and Board Member Judd Shader and is . Theyre very entrepreneurial., Besides, he says, theyre just plain good guys.. Phone (404) 591-5200 Roark focuses on middle-market investment opportunities through family-owned business transfers, anagement/corporate buyouts, recapitalizations, going-private transactions, and corporate divestitures. 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. [24], Inspire received Franchise Times 2019 Dealmaker of the Year award for its acquisitions of Buffalo Wild Wings and Sonic Drive-In.[25]. Founded in 2001, Roark Capital Group is a private equity firm based in Atlanta, Georgia. The Company provides a comprehensive suite of services primarily to retail, fleet, and industrial consumers. FOCUS Brands is also the franchisor of Seattle's Best Coffee on certain military bases and in certain international markets. Roark Capital Group Contact: Debra Vilchis Fishman Public Relations 847-945-1300 [emailprotected], Cision Distribution 888-776-0942 Our name signifies our admiration for the qualities embodied by Howard Roark but, as a firm of diverse viewpoints, it does not signify adherence to any particular political philosophy. . Fax (212) 518-2028 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. Roark Capital Acquires ServiceMaster Brands | ServiceMaster Their total assets, however, are around $250 million. Pet Supermarket is the largest specialty retailer of pet food and pet-related supplies based in the southeastern US. Schlotzsky's is a chain of quick casual restaurants offering made-to-order sandwiches, soups, salads and pizza. Roark Vacation Resort | Better Business Bureau Profile That is part of our obligation to our investors.. 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: . Roark ATLANTA OFFICE 1180 Peachtree Street NE Suite 2500 Atlanta, Georgia 30309 Phone (404) 591-5200 Fax (404) 591-5201 www.roarkcapital.com. The securities filing states that Aronson will have the discretion to manage the shares as he sees fit. 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. Roark also owns nearly a dozen non-eatery franchise businesses. CKE is one of the world's largest franchisors and operators of quick-service restaurants under the Carls Jr. and Hardees brand banners. Roark prides itself on partnering with entrepreneurs and executives who share this vision of growth and success across all stakeholders. 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. Cheesecake only franchises abroad, and on a limited basis, and it is positioned squarely in the upper echelon of casual dining. In the announcement, ServiceMaster says: "The transaction will position the . When the company was sold in 2000, it had three brands and some 500 hotels in all 50 states and five countries. Furniture Medic is a global leader and franchisor in the furniture repair and restoration industry. 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. Roark Capital is an Atlanta-based private equity firm. Baseball Academy (Youth Enrichment Brands), U.S. Sports Camps (Youth Enrichment Brands), Roark Portfolio Employees Assistance Fund. Driven manages a family of automotive brands including ABRA, CARSTAR, Maaco, Meineke, Take 5, Uniban, 1-800 Radiator, and others. Miscellaneous . Roark focuses on franchised and multi-unit business models in the retail, restaurant, consumer and business services sectors. (417) 334-3196. Number 8860726. ServiceMaster Brands is the parent company of ServiceMaster Restore, ServiceMaster Clean, Merry Maids, TWO MEN AND A TRUCK, AmeriSpec, and Furniture Medic. Jimmy John's is one of the largest sandwich chains in the US. See our history. When I talked to Jack, he yelled at me and shamed me into starting Roark, Aronson says. Founded in 1999, KE Camps is the leading operator of day camps for country clubs, 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. Founded in 1983, Jimmy John's offers high-quality sandwiches with rapid preparation. Roark is an Atlantabased private equity firm with $33 billion in assets under management. The stake will be controlled by Roark founder and managing partner Neal Aronson, according to securities documents filed Monday. 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. Known as 'America's Bodyshop', Maaco is a leading provider of auto painting and light collision repair services. HOME us for more details. Roark's portfolio companies - Business Insider 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. Will the Fast-Food Dining Room Live On After COVID? 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. 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. Roark Capital Group. Roark has acquired. Buffalo Wild Wings' Owner Has Diverse Empire - Business Insider READ MORE, Invest in Good is Roarks multi-faceted commitment to long-term social impact initiatives. Who Owns Massage Envy? Details on Spa Franchisor Amid Allegations In 1996 Take 5 designed the first "5 Minute Drive-Thru Oil Change" location. Others acquire companies, do some financial engineering, and then flip them after a few years. CHARLOTTE, N.C., March 30, 2016 /PRNewswire/ -- Driven Brands, a portfolio company of Roark Capital and the nation's leading automotive franchisor . Affiliates of Roark Capital Group have sold the Dallas-based Corner Bakery Cafe brand to Pandya Restaurant Growth Brands LLC, the companies said Thursday. 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. 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. Global network of franchises providing janitorial services, carpet cleaning, hard surface floor care, tile and grout cleaning, and upholstery cleaning. Please Who is corner bakery owned by? We like growth, and were looking to invest in growth.. . Primrose Schools is a leading franchisor of pre-K schools providing high quality educational programs for children 6 weeks to 5 years old and after-school learning programs for 6 to 12 year olds. Inspire Brands Completes Acquisition of Dunkin' Brands [21][22] The acquisition was completed on December 15, 2020. Some investors, including university endowments and investment managers, have invested in all three, a sign of Roarks performance. Its two full-service restaurant chains are Il Fornaio and Millers Ale House. There was talent at Carvel that Cinnabon could benefit from, and talent at Cinnabon that Carvel could use.. None were restaurants. Finally, in 2015, the final answer to the previous question, who owned Wingstop? For more information, please visit www.roarkcapital.com. Jimmy still owns 35%. Jamba is a category-leading smoothie and juice chain that offers a variety of high quality smoothies, juices, bowls and other products. [8] Inspire Brands is majority-owned by affiliates of 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. Roark focuses on investments in consumer and business service companies, with a specialization in franchise and franchise-like business models. Aronson will surrender 47,517 of the common shares to Cheesecake in exchange for $10.4 million in cash. Merry Maids is a leading franchisor and provider of home cleaning services. Massage Envy is the leading provider of therapeutic massage and skincare services in the U.S. Global network of franchises providing janitorial services, carpet cleaning, hard surface floor care, tile and grout cleaning, and upholstery cleaning. ATLANTA, Oct. 4, 2017 /PRNewswire/ -- Roark Capital Group, an Atlanta -based private equity firm focused on multi-unit consumer businesses, announced today that its affiliate has closed on the . 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. What are the characteristics of that concept? Founded in 2006, Streamline Brands is a leading franchisor and Inspire Brands is the franchisor and operator of the Arbys, Buffalo Wild Wings, Jimmy Johns, SONIC, Dunkin, and Baskin Robbins brands. For more information, visit www.DrivenBrands.com. Mar 30, 2016, 11:48 ET. 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. 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. They have perfected their processes and deliver industry leading customer service. Investor Spotlight: Roark Capital Group, where Ayn Rand meets Arby's 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. Cinnabon is an American chain of bakeries known for their "World Famous Cinnamon Rolls.". RB American is the largest Arby's franchisee, operating 370 restaurants across 9 states. They keep their companies autonomous, but they understand how to control costs and focus on getting the profit margins up.. They did some digging, and went straight to the source: Arby's Quality Assurance. As of Dec 2022, the chains that the company owns and/or operates include: On this Wikipedia the language links are at the top of the page across from the article title. Marcato, which owns a 6.4 percent stake in the wing chain, launched its campaign . That's because we've stayed true to our core beliefs, our approach to investing and our commitment to community. Our greater purpose reminds us to appreciate who we work hard for each daywhen Roark does well, more kids go to college, more research gets done for curing disease and the people who protect our streets and teach our kids get a better life. 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 . www.roarkcapital.com, Roark Baseball Academy brings together college and high school coaches to provide camp programs to aspiring baseball and softball players across the United States. Driven Brands is the largest automotive services company in North America. If you work your tail off and follow the rules, you can be successful. Founded in 2006, Streamline Brands is a leading franchisor and Suite 2500 Suite 2500 McAlister's is a franchise chain of quick casual restaurants offering a variety of sandwiches, salads, soups, wraps and desserts. Moe's Southwest Grill is the neighborhood burrito place offering flavorful Southwestern fare with a healthy twist. The brand was named a Nations Restaurant News Hot Concept in 2016. Arbys same-store sales rose 2.8 percent last year and have grown every quarter since Roark acquired the chain. Neal K Aronson is Managing Partner/Founder at Roark Capital Group. Fitness Connection is a leading player in the "High Value, Low Price (HVLP)" segment of the fitness industry. Jimmy John's Franchise, LLC is an American franchised sandwich fast food restaurant chain owned by Inspire Brands. 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. www.roarkcapital.com, Roark US Sports Camps is the nations leading youth sports camp company, serving more than 100,000 campers across 1,200+ camps in 48 states. 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 NEW YORK OFFICE 540 Madison Ave 37th Floor New York, NY 10022 Phone (212) 806-6000 Fax (212) 518-2028 www.roarkcapital.com Although CKE has debtthe company refinanced $1 billion last yearAronson says its very manageable. It is part of Flynn Restaurant Group which also operates 441 . Roark Capital Group General Information. Before launching Roark Capital, he was the co-founder and CFO of US Franchise Systems, an owner and operator of hotel brands that increased its holdings more than 20-fold under his leadership. Phone (404) 591-5200 Our largest sector, food and restaurants, encompasses investments in brands such as: Inspire Brands (the owner of Arbys, Baskin Robbins, Buffalo Wild Wings, Dunkin, Jimmy Johns, and Sonic), Nothing Bundt Cakes, CKE Restaurants (the owner of Carls Jr and Hardees), FOCUS Brands (the owner of Auntie Annes Pretzels, Carvel Ice Cream, Cinnabon, Jamba, McAlisters Deli, Moes Southwest Grill, and Schlotzskys), Millers Ale House, Culvers, The Cheesecake Factory (the owner of North Italia and Flower Child), Jim N Nicks BBQ, and previously Corner Bakery, Il Fornaio, Naf Naf Middle Eastern Grill and Wingstop. Baseball Academy (Youth Enrichment Brands), U.S. Sports Camps (Youth Enrichment Brands), Roark portfolio company, Youth Enrichment Brands, acquires i9 Sports. 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.