Roark Capital Group finalized its deal to acquire Buffalo Wild Wings for $2.9 billion on February 5. If capital and expertise are needed to help the brands grow, well provide that.. 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. ServiceMaster Brands is the parent company of ServiceMaster Restore, ServiceMaster Clean, Merry Maids, TWO MEN AND A TRUCK, AmeriSpec, and Furniture Medic. 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. Inspire operates Support Centers in Atlanta, Oklahoma City, Champaign, Minneapolis, and Canton, Massachusetts. Do not sell my personal infoPrivacy PolicyContact UsRSS, Cheesecake Factory buys most of Roark's stake for $457M. 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. They understand franchising, and they know brands and understand branding. International House of Pancakes, LLC is a wholly-owned subsidiary of Dine Brands Global (NYSE: DIN). 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. Although CKE has debtthe company refinanced $1 billion last yearAronson says its very manageable. FOCUS Brands is also the franchisor of Seattle's Best Coffee on certain military bases and in certain international markets. Its holdings in the restaurant industry include investments in Arby's, Corner Bakery, Jimmy John's, Wingstop and FOCUS Brands, which owns chains such as Cinnabon and Schlotzsky's. Roark NEW YORK OFFICE 540 Madison Ave 37th Floor New York, NY 10022 Phone (212) 806-6000 Fax (212) 518-2028 www.roarkcapital.com Naf Naf Grill, the fast-casual Middle Eastern concept, and an investor group have acquired the entire minority ownership in the company previously held by affiliates of Roark Capital Group, the company said Wednesday. Founded in 1999, KE Camps is the leading operator of day camps for country clubs, Nation's Restaurant News is part of the Informa Connect Division of Informa PLC. Global network of franchises providing residential and commercial restoration services, including water damage, smoke and fire damage, mold remediation, and disaster recovery. The private-equity firm helped turn around Arby's after buying a majority stake in 2011. 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. Affiliates of Roark Capital Group have sold the Dallas-based Corner Bakery Cafe brand to Pandya Restaurant Growth Brands LLC, the companies said Thursday. 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 . Article continues below . Nov 2009 - Dec 202213 years 2 months. 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. Founded in 1975 and headquartered in San Rafael, CA, US Sports camps is the licensed operator of Nike Sports Camps. Roark Capital Group Contact: Debra Vilchis Fishman Public Relations 847-945-1300 [emailprotected], Cision Distribution 888-776-0942 Cinnabon is an American chain of bakeries known for their "World Famous Cinnamon Rolls.". For over 30 years, Culvers guests have been treated to cooked-to-order food made with farm-fresh ingredients, served with a smile. 37th Floor In the announcement, ServiceMaster says: "The transaction will position the . Driven manages a family of automotive brands including ABRA, CARSTAR, Maaco, Meineke, Take 5, Uniban, 1-800 Radiator, and others. Maintaining Automated Tests in TAF for V1 platform for API testing Luther is Arbys chairman. The acquisitions are a team effort, Hill says, relying on Roarks operational, financial, and other resources. ATLANTA OFFICE Pet Supermarket is the largest specialty retailer of pet food and pet-related supplies based in the southeastern US. ", 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. In the early days, there were real synergies and reasons to put companies together in Focus, says Hill, who became Cinnabons president. While the firm has not sold any of its restaurant companies yet, that time will come. 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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 previously announced acquisition of UK-based International Car Wash Group from TDR Capital LLP. Baseball Academy brings together college and high school coaches to provide camp programs to aspiring baseball and softball players across the United States. "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. Theyre very entrepreneurial., Besides, he says, theyre just plain good guys.. Cheesecake will then repurchase the stock for $446.9 million. Media ContactBrandi Neloms, Sr. Communications Manager[emailprotected] 704-644-8151, Cision Distribution 888-776-0942 Roark Capital Group acquired 81.5% of Arby's Restaurant Group in July 2011 and is now a majority-owner of Inspire Brands. 37th Floor Web page addresses and e-mail addresses turn into links automatically. 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. 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. 37th Floor Roark Capital Group Inc. operates as a private equity firm. Cheesecake opted to trade 200,000 shares of preferred stock to Roark for $200 million. As the Atlanta-based private equity firm that owns Massage Envy, Roark Capital Group published a plan in 2017 to address the . 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. Roark Capital founder Neal Aronson has helped the firm grow to include several premier quick-service companies, including CKE and Arbys. Previously, Okeson was a partner at Alston & Bird LLP in Atlanta, Georgia, where he spent 15 years specializing in corporate governance, mergers and acquisitions . Since inception, affiliates of Roark have acquired 105 franchise/multilocation brands which generate approximately $70 billion in system revenues from ~67,700 locations located in 50 states and 89 countries. Baseball Academy. 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. Arby's owner Roark Capital Group said on Tuesday it would buy Buffalo Wild Wings Inc <BWLD.O> for $2.4 billion, . 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. operator of swim schools for children of all ages, serving over 150,000 swimmers per year. 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. The stake will be controlled by Roark founder and managing partner Neal Aronson, according to securities documents filed Monday. In 2016 Liautaud sold a majority share in the company to Roark Capital. regarding PitchBook Data's products. Roark NEW YORK OFFICE 540 Madison Ave 37th Floor New York, NY 10022 Phone (212) 806-6000 Fax (212) 518-2028 www.roarkcapital.com Morningstar Institutional Equity Research. Join the more than 1.5 million industry professionals who get our daily newsletter! Phone (212) 806-6000 The Company focuses on management of buy-outs, acquisitions, mergers, recapitalizations, restructuring . READ MORE, Invest in Good is Roarks multi-faceted commitment to long-term social impact initiatives. A massive private equity firm, Atlanta-based Roark owns varied franchise brands including Anytime Fitness and Massage Envy, along with Inspire Brands and Focus . "Take 5 Oil Change is an ideal addition to our portfolio of brands. operator of swim schools for children of all ages, serving over 150,000 swimmers per year. Roark Capital is an Atlanta-based private equity firm. 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. Driven Brands has more than 2,000 centers across North America, and combined, all businesses generate more than $2.1 billion in system sales. Bosley's is the leading pet food retail chain in British Columbia specializing in holistic and specialty brands with a focus on pet health and wellness. Environmental, Social and Governance (ESG), HVAC (Heating, Ventilation and Air-Conditioning), Machine Tools, Metalworking and Metallurgy, Aboriginal, First Nations & Native American. October 01, 2020 09:01 AM Eastern Daylight Time . www.roarkcapital.com. ABRA is a leading network of franchised automotive collision repair shops. HOME Buffalo Wild Wings also owned the Rusty Taco chain. Roark focuses on franchised and multi-unit business models in the retail, restaurant, consumer and business services sectors. Roark focuses on investments in consumer and business service companies, with a specialization in franchise and franchise-like business models. Roark Capital Group, an Atlanta-based private equity firm focused on franchise and consumer brands, announced today that its affiliate has acquired Driven Brands, the nation's leading franchise . We look first at the brand and the company, he says. Contact Ron Ruggless at [emailprotected], /sites/all/themes/penton_subtheme_nrn/images/logos/footer.png. TWO MEN AND A TRUCK is the largest franchised moving company in the U.S. and offers comprehensive home and business relocation, junk removal, and packing services. 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 . Wingstop has a total market capitalization of a gigantic $4.73 billion! 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. [23], On December 19, 2022, Inspire Brands announced that it had sold Rusty Taco to Gala Capital Partners, owner of Cicis Pizza, Dunn Brothers Coffee, and Mooyah. . Mar 30, 2016, 11:48 ET. Members help make our journalism possible. 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. At Roark, that patience is being tested with Arbys. The deal specifies that Ginsberg and Aronson are locked up for 60 days from trying to amass a controlling interest in Cheesecake. 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 . 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. 11.16.21 ROARK INVESTMENT Roark Capital Acquires Mathnasium READ MORE . Inspire Brands and Roark Capital Group own Arby's. The two companies are the parent organizations of Arby's. Inspire Brands is an American holding company and the owner and franchiser of many food industry companies, such as Arby's, Buffalo Wild Wings, Sonic Drive-In, Jimmy John's, Rusty Taco, and others. Mathnasium is a leading franchisor of math learning centers with over 1,000 locations across 46 states and 12 countries. The fast-casual chain started in 1991 in Chicago and launched a franchising program in 2007. Roark Capital | 12,241 followers on LinkedIn. The franchisees hated the company, says Romaniello, now a Roark managing partner. ", "This is a tremendous opportunity for Take 5 Oil Change to grow our business to the next level," said Graham. The firings came Roark Capital Group acquired Corner Bakery in 2011 from Il Fornaio Corporation. 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 . 1 Answer ANSWER Neal Aronson. CARSTAR is the largest franchise network of automotive collision repair shops in North America. NEW YORK OFFICE Waxing the City is a growing network of waxing studios with an emphasis on superior waxes, highly-trained staff, and compassionate customer service. Moe's Southwest Grill is the neighborhood burrito place offering flavorful Southwestern fare with a healthy twist. . We look forward to partnering and helping accelerate their growth plans. 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. The latest from Restaurant Business, sent straight to your inbox. 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Greenwood Village, CO. Leeds West Groups (LWG) was founded in 2009 by current CEO and Board Member Judd Shader and is . Fax (212) 518-2028 "With this partnership, we have access to world-class technology, purchasing power, operational support and resources that will enable us to accelerate our growth and success.". 1-800 Radiator is the largest franchised automotive parts distributor in North America. Roark NEW YORK OFFICE 540 Madison Ave 37th Floor New York, NY 10022 Phone (212) 806-6000 Fax (212) 518-2028 www.roarkcapital.com 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. 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. Roark also owns nearly a dozen non-eatery franchise businesses. Take 5 Oil Change is the market leader in speed and quality, and is the fastest growing quick lube chain in the country. The deal shocked an industry already stunned by the unprecedented market changes they were seeing as coronavirus shut down much of the nation. Roark Capital Group owns other dining-out favorites, including Arby's, Auntie Anne's, Cinnabon, Carvel Ice Cream, Moe's Southwest Grill, and Wingstop.