Win whats next. He plans to structure the company similar to Hilton Hotels & Resorts. 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. The buyback more than doubled Roark's initial investment. Phone (404) 591-5200 Anon { relativeTimeResolver(1660511260487) }} LIVE Points 3. Others acquire companies, do some financial engineering, and then flip them after a few years. 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. All of those characteristics have helped turn Roark into one of the biggest influencers in the quick-service industry. Elane served as Group President of Kimberly-Clark International and Global President of Kimberly . Phone (212) 806-6000 Here's what Roark is offering, and what this means for the company, its shareholders and the struggling restaurant industry. Roark Capital Group Inc. operates as a private equity firm. Fax (404) 591-5201 Cheesecake opted to trade 200,000 shares of preferred stock to Roark for $200 million. Were growers, not cutters. Become a Restaurant Business member today and unlock exclusive benefits, including unlimited access to all of our content. Atlanta, Georgia 30309 ORLANDO, Florida: Under recently reinstated CEO Bob Iger, Walt Disney Co. announced this week that it is cutting 7,000 jobs, or 3.6 percent of the company's global workforce, to save $5.5 billion in costs and seek to make its streaming business profitable. For more information visit www.take5oilchange.com. Roark Capital-owned Driven Brands targets over $3 bln valuation in IPO. 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:

. 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. Few of Arbys issues were present at CKE, which was acquired from private equity firm Apollo Global Management. Roark Capital is an Atlanta-based private equity firm. 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. 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. 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. Mathnasium is a leading franchisor of math learning centers with over 1,000 locations across 46 states and 12 countries. Roark focuses on middle-market investment opportunities through family-owned business transfers, anagement/corporate buyouts, recapitalizations, going-private transactions, and corporate divestitures. Cheesecake opted to trade 200,000 shares of preferred stock to Roark for $200 million, Bojangles makes no bones about its future, Pollo Tropical starts the year off with more customers and better profits, For Wendy's, keeping pace with competitors is harder than it looks, Jack in the Box reaches a 'turning point' in its bid for growth, Chevys Fresh Mex owner adds 2 more brands to portfolio. What are the characteristics of that concept? For over 30 years, Culvers guests have been treated to cooked-to-order food made with farm-fresh ingredients, served with a smile. Who is corner bakery owned by? 1-800 Radiator is the largest franchised automotive parts distributor in North America. Schlotzsky's is a chain of quick casual restaurants offering made-to-order sandwiches, soups, salads and pizza. who owns sonic Official 2023 ", "This is a tremendous opportunity for Take 5 Oil Change to grow our business to the next level," said Graham. Article continues below . 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. Inspire operates Support Centers in Atlanta, Oklahoma City, Champaign, Minneapolis, and Canton, Massachusetts. Inspire Brands - Wikipedia [10][19] The deal closed on October 18, 2019. Roark Capital Acquires Fitness Connection. Inspire Brands is majority-owned by affiliates of Roark Capital Group. 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 . 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. Site Map | Search | Terms of Use | Privacy Policy | Accessibility, Roark AmeriSpec is a leading franchisor and provider of residential and commercial real estate inspection services. serving 10,000+ campers per year. 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. Roark NEW YORK OFFICE 540 Madison Ave 37th Floor New York, NY 10022 Phone (212) 806-6000 Fax (212) 518-2028 www.roarkcapital.com We are delighted to be a part of the Roark family. Merry Maids is a leading franchisor and provider of home cleaning services. Youth Enrichment Brands is a leading youth activities company, offering camps, leagues, clinics, classes and other programs that annually serve more than 700,000 kids ranging from 2 to 18 years old. If the series of financial moves are completed as expected on June 15, Roark's interest in Cheesecake will be reduced to 2.4 million shares of common stock, or 4.6% of total shares outstanding. "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. Fax (212) 518-2028 READ MORE, Roark was named after Howard Roark, the protagonist in Ayn Rand's book The Fountainhead. Disney to cut 7,000 jobs after return of CEO Iger - Worldnews.com www.roarkcapital.com. The Bar Method is a leading low-impact studio fitness franchise with locations across the US and Canada. In 2016 Liautaud sold a majority share in the company to Roark Capital. Romaniello and Hill moved to Roark in 2008 to help with acquisitions and operations. Lines and paragraphs break automatically. Private equity often involves deals of dizzying size to buy companies your average consumer has never heard of. Now that you know who owns Wingstop, it probably doesn't come as a surprise that the original owner, Antonio Swad had been in the restaurant business since . 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 acquisitions are a team effort, Hill says, relying on Roarks operational, financial, and other resources. North Italia is a modern interpretation of Italian cooking in the upscale casual dining segment, offering a variety of dishes that are handmade from scratch daily. McAlister's is a franchise chain of quick casual restaurants offering a variety of sandwiches, salads, soups, wraps and desserts. Global network of franchises providing janitorial services, carpet cleaning, hard surface floor care, tile and grout cleaning, and upholstery cleaning. Atlanta investment firm scoops up Culver's stock - Madison Wingstop has a total market capitalization of a gigantic $4.73 billion! We have been slowly and methodically learning as much as we can about restaurants, Romaniello says. Founded in 1972, Meineke is an automotive aftermarket industry pioneer and leading provider of repair and maintenance services. Corner Bakery sold to Pandya Restaurant group Roark Capital Group finalized its deal to acquire Buffalo Wild Wings for $2.9 billion on February 5. 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. who owns arbys Official 2023 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. That step will leave him with 2.4 million shares. Rick Ross Wingstop - Everything Should Know Reverb Press 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. Similar Questions. Roark differs in many ways from other private equity companies. Although CKE has debtthe company refinanced $1 billion last yearAronson says its very manageable. 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. The firm has $3 billion in capital under management, raised through three successively larger private-equity funds. As chief financial officer at U.S. Finally, in 2015, the final answer to the previous question, who owned Wingstop? privacy policy or contact Atlanta-based private-equity Roark Capital Group invested in the concept in 2015. Culver's is a family-favorite restaurant known for their ButterBurgers, Fresh Frozen Custard & Wisconsin Cheese Curds. Corner Bakery Files for Bankruptcy Protection As Office Worker When Darden sold Red Lobster in 2014, it was to Golden Gate Capital, who also owned Romano's Macaroni Grill from 2008 to 2013. 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. Jimmy John's is one of the largest sandwich chains in the US. Driven manages a family of automotive brands including ABRA, CARSTAR, Maaco, Meineke, Take 5, Uniban, 1-800 Radiator, and others. Was decided. Massage Envy is the leading provider of therapeutic massage and skincare services in the U.S. CHARLES WEST Net Worth $400 Million House Yacht Schlotzsky's is a chain of quick casual restaurants offering made-to-order sandwiches, soups, salads and pizza. Visit Website. October 01, 2020 09:01 AM Eastern Daylight Time . The private-equity firm helped turn around Arby's after buying a majority stake in 2011. ABRA is a leading network of franchised automotive collision repair shops. When I talked to Jack, he yelled at me and shamed me into starting Roark, Aronson says. None were restaurants. Roark :: About Roark - Roark Capital Group 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 Portfolio Company Driven Brands Acquires Take 5 Oil Change Suite 2500 Who Owns Wingstop? All About the Chicken Wing Chain Inspire operates Support Centers in Atlanta, Oklahoma City, Champaign, Minneapolis, and Canton, Massachusetts. Roark has acquired. 10 Companies That Own Your Favorite Chain Restaurants - The Daily Meal Some investors, including university endowments and investment managers, have invested in all three, a sign of Roarks performance. You can unsubscribe at any time by clicking on the unsubscribe link at the bottom of our emails. 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. 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. International Car Wash Group is the world's largest local car wash company, with operations in the U.S., Europe and Australia. While the chain has over 1,700 locations around the world with thousands of employees and owners, Wingstop was sold to Roark Capital Group in 2010 and went public in 2015. About Roark Capital Group. 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 . Jimmy John's Franchise, LLC is an American franchised sandwich fast food restaurant chain owned by Inspire Brands. Fax (212) 518-2028 Terms of . ", Matt Kaelin, Managing Director at Roark, added, "We are looking forward to working with Mike Smith, Bill Derwin, and the rest of the management team to continue to build the business.". 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. Who Owns Roark Clothing - BikeHike Sign up here. Romaniello became the operating partner, and Hill was added as vice president of franchising and foodservice. Our business services investments have included Divisions Maintenance Group, Driven Brands,ServiceMaster Brands, Installation Made Easy, and previously Solterra Recycling Solutions, Batteries Plus Bulbs, CyberCore, FASTSIGNS, Money Mailer, Peachtree Business Products, PSC, Quala, Waste Pro, and GFL Environmental. Orangetheory Fitness is one of the largest and fastest growing franchisors in the studio-based fitness market. Join the more than 1.5 million industry professionals who get our daily newsletter! Most compete in the quick-service sector, far downmarket from Cheesecakes turf. Who Owns Massage Envy? Details on Spa Franchisor Amid Allegations Dunkin is famous for its combination of high-quality coffees, espresso beverages, baked goods, and breakfast sandwiches served all day with fast, friendly service. Basecamp Fitness is a growing network of fitness studios featuring high-intensity and high-energy workout sessions. Roark Capital Group Investor Profile: Portfolio & Exits | PitchBook ABRA is a leading network of franchised automotive collision repair shops. The remaining 50,000 preferred Cheesecake shares will be converted to 2,448,381 common shares of the casual-dining company. Our portfolio companies span multiple industries including food, restaurants, consumer and business services, health, wellness and fitness, and education and youth activities. Their total assets, however, are around $250 million. 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: . In the U.S., ICWG operates under the banners of Car Wash USA Express, Goo-Goo, Zippy's, Car Wash Express, and Supersonic Car Wash. ICWG is committed to delivering consistent wash quality for the customer while minimizing the impact on the environment. 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. Founded in 1999, KE Camps is the leading operator of day camps for country clubs,
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