who owns roark capital group who owns roark capital group

1180 Peachtree Street NE When Darden sold Red Lobster in 2014, it was to Golden Gate Capital, who also owned Romano's Macaroni Grill from 2008 to 2013. The brand was named a Nations Restaurant News Hot Concept in 2016. You can unsubscribe at any time by clicking on the unsubscribe link at the bottom of our emails. Lying on the carpet are two more frames, holding announcements for the latest purchases, Carls Jr. and Hardees, made last December in a deal valued at about $1.7 billion. Today, we're one of the world's largest investment management organizations, managing $2.2 trillion.*. Phone (404) 591-5200 Massage Envy is the leading provider of therapeutic massage and skincare services in the U.S. 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 deals became larger and more diversefast-casual, full-service, and quick-service restaurants, including some with company-owned units, not just franchisees. About Take 5 Oil ChangeTake 5 Oil Change has been serving customers for more than 30 years. Merry Maids is a leading franchisor and provider of home cleaning services. Private equity often involves deals of dizzying size to buy companies your average consumer has never heard of. 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:

. 540 Madison Ave Terms of . An arm of Atlanta-based Roark Capital Group plans to buy ServiceMaster Brands for $1.55 billion within 30 to 60 days. Uniban is a leading network of glass repair and replacement service centers across North America. He refuses to follow fads, trends, or popularity. Roark Capital Group serves customers in the United States. READ MORE, Invest in Good is Roarks multi-faceted commitment to long-term social impact initiatives. Bill Derwin, CEO of ICWG, said, "Roark brings a deep understanding of the consumer and an operational expertise that complements our business. Aronson launched the firm in 2001 and named it for Howard Roark, the protagonist architect in Ayn Rands novel, The Fountainhead. Uniban is a leading network of glass repair and replacement service centers across North America. 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. The securities filing states that Aronson will have the discretion to manage the shares as he sees fit. 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. Take 5 Oil Change is the market leader in speed and quality, and is the fastest growing quick lube chain in the country. Our Core Values define who we are, what we do and how we do it. Thats key. 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. ", 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. The moves largely undo Roarks $200 million equity investment in Cheesecake back in April 2020, when the pandemic was just beginning. Who is the CEO of Sonic? 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 . The deal shocked an industry already stunned by the unprecedented market changes they were seeing as coronavirus shut down much of the nation. Some investors, including university endowments and investment managers, have invested in all three, a sign of Roarks performance. Driven Brands is the largest automotive services company in North America. 1180 Peachtree Street NE Suite 2500 You don't drive past their logos every time you leave the house. Arby's restaurant owner Roark Capital Group will buy Buffalo Wild Wings for $2.4 billion, months after an activist investor won seats on the chicken wing restaurant's board following a proxy . [24], Inspire received Franchise Times 2019 Dealmaker of the Year award for its acquisitions of Buffalo Wild Wings and Sonic Drive-In.[25]. Global network of franchises providing residential and commercial restoration services, including water damage, smoke and fire damage, mold remediation, and disaster recovery. Web page addresses and e-mail addresses turn into links automatically. Registered in England and Wales. Roark prides itself on being a trusted partner for management and business owners. We have been slowly and methodically learning as much as we can about restaurants, Romaniello says. Schlotzsky's is a chain of quick casual restaurants offering made-to-order sandwiches, soups, salads and pizza. 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. Founded in 1975 and headquartered in San Rafael, CA, US Sports camps is the licensed operator of Nike Sports Camps. Driven manages a family of automotive brands including ABRA, CARSTAR, Maaco, Meineke, Take 5, Uniban, 1-800 Radiator, and others. 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. Driven Brands is the largest automotive services company in North America. FOCUS Brands is also the franchisor of Seattle's Best Coffee on certain military bases and in certain international markets. US Sports Camps offering spans 19 different physical sports, Esports, and academic programs for campers ranging from 6 to 18 years old. Roark ATLANTA OFFICE 1180 Peachtree Street NE Suite 2500 Atlanta, Georgia 30309 Phone (404) 591-5200 Fax (404) 591-5201 www.roarkcapital.com. Founded in 2006, Streamline Brands is a leading franchisor and Since inception, affiliates of Roark have invested in 92 franchise/multi-location brands which generate approximately $54 billion in annual system revenues from 63,000 locations in 50 states and . 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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. Later acquisitions were made with capital from the second and third investment funds. Were growers, not cutters. Their total assets, however, are around $250 million. The latest from Restaurant Business, sent straight to your inbox. 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. How a young private equity firm came to own 16 restaurant brands with $11 billion in systemwide sales. Do not sell my personal infoPrivacy PolicyContact UsRSS, Cheesecake Factory buys most of Roark's stake for $457M. None were restaurants. Luther is Arbys chairman. In the book, the character doesnt bow to conventional wisdom and is seen as an authentic innovator. 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. Affiliates of Roark Capital Group have sold the Dallas-based Corner Bakery Cafe brand to Pandya Restaurant Growth Brands LLC, the companies said Thursday. Culver's is a family-favorite restaurant known for their ButterBurgers, Fresh Frozen Custard & Wisconsin Cheese Curds. 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. Nation's Restaurant News is part of the Informa Connect Division of Informa PLC. 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. Who owns roark capital group? 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. Roark Capital founder Neal Aronson has helped the firm grow to include several premier quick-service companies, including CKE and Arbys. The Company focuses on management of buy-outs, acquisitions, mergers, recapitalizations, restructuring . With this acquisition, Driven Brands continues to expand its Quick Lube division, which also includes Pro Oil Change and Driven Florida Lubes. ServiceMaster Brands is the parent company of ServiceMaster Restore, ServiceMaster Clean, Merry Maids, TWO MEN AND A TRUCK, AmeriSpec, and Furniture Medic. Roark has acquired. READ MORE, Roark was named after Howard Roark, the protagonist in Ayn Rand's book The Fountainhead. The stake will be controlled by Roark founder and managing partner Neal Aronson, according to securities documents filed Monday. 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 . Youll see us sell some companies over time, and youll see us take some companies public. Roark Capital Acquires Fitness Connection. Pet Supermarket is the largest specialty retailer of pet food and pet-related supplies based in the southeastern US. Founded in 1999, KE Camps is the leading operator of day camps for country clubs, Moe's Southwest Grill is the neighborhood burrito place offering flavorful Southwestern fare with a healthy twist. When I talked to Jack, he yelled at me and shamed me into starting Roark, Aronson says. Driven Brands Holdings Inc, one of the largest U.S. auto services franchisers, is looking to raise as much as $760 million . The firm has $3 billion in capital under management, raised through three successively larger private-equity funds. www.roarkcapital.com, Roark Portfolio Employees Assistance Fund. Phone (212) 806-6000 When typing in this field, a list of search results will appear and be automatically updated as you type. Pet Supermarket is the largest specialty retailer of pet food and pet-related supplies based in the southeastern US. Who is corner bakery owned by? Romaniello became the operating partner, and Hill was added as vice president of franchising and foodservice. Aronson will surrender 47,517 of the common shares to Cheesecake in exchange for $10.4 million in cash. 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. 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. Atlanta, Georgia 30309 Our consumer products and services investments have included Driven Brands (the owner of ABRA, ATI, CARSTAR, International Car Wash Group, Maaco, Meineke, Take 5, Uniban, 1800 Radiator, Auto Glass Now, and others), ServiceMaster Brands (the owner of ServiceMaster Restore, ServiceMaster Clean, Merry Maids, Furniture Medic, AmeriSpec, and Two Men and a Truck), Pet Supermarket, Pet Valu, Orangetheory Fitness, Massage Envy, Mathnasium, Primrose Schools, Self Esteem Brands (the owner of Anytime Fitness, Basecamp Fitness, The Bar Method, Waxing the City, and Stronger U), Fitness Connection, Youth Enrichment Brands (the owner of US Sports Camps, US Baseball Academy, i9 Sports, Streamline Brands and KE Camps), Great Expressions Dental Centers, and previously Atkins Nutritionals, Batteries Plus Bulbs, Drybar, FASTSIGNS, and US Franchise Systems. CARSTAR is the largest franchise network of automotive collision repair shops in North America. Inspire Brands, Inc. is an American holding company and the owner and franchisor[7] of the Arby's, Buffalo Wild Wings, Sonic Drive-In, Jimmy John's, Mister Donut, Dunkin' Donuts and Baskin-Robbins restaurant chains. How are the unit-level economics? Fitness Connection is a leading player in the "High Value, Low Price (HVLP)" segment of the fitness industry. We are delighted to be a part of the Roark family. ABRA is a leading network of franchised automotive collision repair shops. 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 franchisees hated the company, says Romaniello, now a Roark managing partner. 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.. Mathnasium is a leading franchisor of math learning centers with over 1,000 locations across 46 states and 12 countries. We earn trust by abiding by the highest moral standards and treating our investors, management teams, lenders, advisors, service providers and communities with dignity and respect. "We are actively expanding our footprint through the strategic acquisition of top-performing, complementary auto aftermarket services companies," said Jonathan Fitzpatrick, CEO of Driven Brands. U.S. Roark Capital Group is an American private equity firm with over $33 billion in assets under management.