Inspire Brands is a privately owned equity company that falls under the management of Roark Capital Group . How are the unit-level economics? The Chicago-based company did not disclose terms of the deal or the identity of the investor group. Roark Capital Group Inc. Roark Capital Group Inc. operates as a private equity firm. 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. Thats key. The franchisees hated the company, says Romaniello, now a Roark managing partner. (417) 334-3196. Arbys same-store sales rose 2.8 percent last year and have grown every quarter since Roark acquired the chain. Driven manages a family of automotive brands including ABRA, CARSTAR, Maaco, Meineke, Take 5, Uniban, 1-800 Radiator, and others. NEW YORK OFFICE Cinnabon is an American chain of bakeries known for their "World Famous Cinnamon Rolls.". Auntie Anne's menu includes hand-rolled soft pretzels baked in-store, Pretzel Nuggets, beverages (including signature lemonade) and Pretzel Dogs. Sign up to receive texts from Restaurant Business on news and insights that matter to your brand. Atlanta, Georgia 30309 Roark ATLANTA OFFICE 1180 Peachtree Street NE Suite 2500 Atlanta, Georgia 30309 Phone (404) 591-5200 Fax (404) 591-5201 www.roarkcapital.com. Is Arby's Roast Beef real or processed meat? Similar Questions. Inspire Brands is the franchisor and operator of the Arbys, Buffalo Wild Wings, Jimmy Johns, SONIC, Dunkin, and Baskin Robbins brands. 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. There was talent at Carvel that Cinnabon could benefit from, and talent at Cinnabon that Carvel could use.. 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. 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. AmeriSpec is a leading franchisor and provider of residential and commercial real estate inspection services. Roark Capital Group is an Atlanta-based private equity firm with over $6 billion in equity capital. 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. Auntie Anne's menu includes hand-rolled soft pretzels baked in-store, Pretzel Nuggets, beverages (including signature lemonade) and Pretzel Dogs. Article continues below . 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 . Global network of franchises providing residential and commercial restoration services, including water damage, smoke and fire damage, mold remediation, and disaster recovery. 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. 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. Our Core Values have always guided the ways we support our people, businesses, and community, and guide us in how we Invest in Good. CARSTAR is the largest franchise network of automotive collision repair shops in North America. 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. 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. Nash had a tough exterior, but he was honest and off-the-chart smart, so he gave you great advice. He was also Roarks biggest early investor. Schlotzsky's is a chain of quick casual restaurants offering made-to-order sandwiches, soups, salads and pizza. Furniture Medic is a global leader and franchisor in the furniture repair and restoration industry. Inspire Brands is majority-owned by affiliates of Roark Capital Group. Morningstar Institutional Equity Research. Will the Fast-Food Dining Room Live On After COVID? Founded in 2001, Roark Capital Group is a private equity firm based in Atlanta, Georgia. Branson, MO 65616-2060. 37th Floor Jul 22, 2013, 08:00 ET. International House of Pancakes, LLC is a wholly-owned subsidiary of Dine Brands Global (NYSE: DIN). Elane served as Group President of Kimberly-Clark International and Global President of Kimberly . 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 . 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. [16], Inspire Brands on September 25, 2018 announced that it was buying Oklahoma City-based Sonic Drive-In for $2.3 billion. Buffalo Wild Wings also owned the Rusty Taco chain. 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. As the Atlanta-based private equity firm that owns Massage Envy, Roark Capital Group published a plan in 2017 to address the . 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Roark focuses on investments in consumer and business service companies, with a specialization in franchise and franchise-like business models. 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. 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. Atlanta, Georgia 30309 Environmental, Social and Governance (ESG), HVAC (Heating, Ventilation and Air-Conditioning), Machine Tools, Metalworking and Metallurgy, Aboriginal, First Nations & Native American. Who owns roark capital group? [10][19] The deal closed on October 18, 2019. Im not sure Id call ourselves experts at this point, but we certainly have a lot of years of study, learning about the industry and through our experiences.. Miscellaneous . To help with Arbys, two industry prosJon Luther, Dunkin Brands chairman, and former Yorkshire Global Restaurants CEO Sid Feltensteinwere added as independent directors on Arbys board. 2023 PitchBook. Today the only other restaurantchain Golden Gate owns besides Red Lobster is California Pizza Kitchen, but their portfolio includes lots of non-restaurant companies, including Eddie Bauer, Payless, and J. Jill. So far, it seems the risk is paying off. If the series of financial moves are completed as expected on June 15, Roarks interest in Cheesecake will be reduced to 2.4 million shares of common stock, or 4.6% of total shares outstanding. Inspire Brands is the franchisor and operator of the Arbys, Buffalo Wild Wings, Jimmy Johns, SONIC, Dunkin, and Baskin Robbins brands. It was the public. 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. Automotive Training Institute (ATI) is a leading provider of financial and operational training series to the automotive repair and maintenance and paint and collision markets. Arby's owner Roark Capital Group said on Tuesday it would buy Buffalo Wild Wings Inc <BWLD.O> for $2.4 billion, . The Big Take is the very best of Bloomberg's in-depth, original reporting from around the globe every day. Global network of franchises providing janitorial services, carpet cleaning, hard surface floor care, tile and grout cleaning, and upholstery cleaning. 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. operator of swim schools for children of all ages, serving over 150,000 swimmers per year. Roark Capital | 12,241 followers on LinkedIn. 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. Private equity often involves deals of dizzying size to buy companies your average consumer has never heard of. New York, NY 10022 The following year, Focus Brands was formed to hold Roarks foodservice acquisitions. Furniture Medic is a global leader and franchisor in the furniture repair and restoration industry. 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. Founder & Chief Executive Officer. 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. 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. International Car Wash Group is the world's largest local car wash company, with operations in the U.S., Europe and Australia. 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. Baskin-Robbins, the worlds largest chain of ice cream specialty shops, is known for its variety of 31 flavors of ice cream, along with their creative ice cream cakes, milkshakes, and ice cream sundaes. McAlister's is a franchise chain of quick casual restaurants offering a variety of sandwiches, salads, soups, wraps and desserts. 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. Private-equity firm Roark Capital Group, which owns Atkins, is gearing up to seek a buyer for the low-carbohydrate-diet pioneer, according to people familiar with the matter. Orangetheory Fitness is one of the largest and fastest growing franchisors in the studio-based fitness market. Anytime Fitness is the largest fitness franchise in the world, with gym facilities open 24 hours a day, 365 days a year. "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.". www.roarkcapital.com, Roark The mid-sized private equity firm has become a major player in the restaurant industry, says Darren Tristano, vice president of Technomic Inc., a restaurant market research firm. [9][10], Inspire Brands was formed when Arby's Restaurant Group merged with Buffalo Wild Wings on February 5, 2018. privacy policy or contact 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. ", "This is a tremendous opportunity for Take 5 Oil Change to grow our business to the next level," said Graham. See Neal K Aronson's compensation, career history, education, & memberships. Latest Addition to Driven Brands Strengthens Leadership Position in Automotive Aftermarket Services Industry. Become a Restaurant Business member today and unlock exclusive benefits, including unlimited access to all of our content. 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 hadnt been a new flavor in five years or a new product in eight. Pet Supermarket is the largest specialty retailer of pet food and pet-related supplies based in the southeastern US. US Sports Camps offering spans 19 different physical sports, Esports, and academic programs for campers ranging from 6 to 18 years old. 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: . Suite 2500 Most compete in the quick-service sector, far downmarket from Cheesecakes turf. What company owns Jimmy Johns? 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. 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. He is my all-time favorite character in any book, Aronson says. Cheesecake opted to trade 200,000 shares of preferred stock to Roark for $200 million. ", 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.". 540 Madison Ave Romaniello and Hill say Arbys had started to turn around when Roark made the acquisition, but Aronson is more blunt in his assessment of the company, which was part of the Wendys/Arbys Group, led by investor Nelson Peltzs Triarc Co. Arbys was a messin menu, speed of service, cleanliness, physical box, focus, relationships, strategy, marketing, he says, ticking off the woes. Roark NEW YORK OFFICE 540 Madison Ave 37th Floor New York, NY 10022 Phone (212) 806-6000 Fax (212) 518-2028 www.roarkcapital.com They keep their companies autonomous, but they understand how to control costs and focus on getting the profit margins up.. FOCUS Brands is the parent company of Auntie Anne's, Carvel, Cinnabon, Jamba, McAlisters, Moe's Southwest Grill, Schlotzsky's and the franchisor of Seattle's Best Coffee on certain military bases and in certain international markets. 1-800 Radiator is the largest franchised automotive parts distributor in North America. Some firms seek investments that fit into specific size parameters. ABRA is a leading network of franchised automotive collision repair shops. Roark Capital Group, that currently owns the Schlotzsky's, Carvel, Cinnabon, Moe's Southwest Grill, McAlister's Deli, Auntie Anne's and Jamba brands. Few of Arbys issues were present at CKE, which was acquired from private equity firm Apollo Global Management. 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. HOME Inspire Brands, Inc. is an American holding company and the owner and franchisor of the Arby's, Buffalo Wild Wings, Sonic Drive-In, Jimmy John's, Mister Donut, Dunkin' Donuts and Baskin-Robbins restaurant chains. Moe's Southwest Grill is the neighborhood burrito place offering flavorful Southwestern fare with a healthy twist. Its two full-service restaurant chains are Il Fornaio and Millers Ale House. Nothing Bundt Cakes is a leading franchisor and operator of gourmet bakeries. That is where this country has been built, because 65 percent of the job growth for 15 years leading up to the recession came from those people who built a store, then a second store, then a third.. Was decided. 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. The purchases were financed primarily through Roarks first private equity fund. 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. 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. 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. The Bar Method is a leading low-impact studio fitness franchise with locations across the US and Canada. Content warning: This article covers allegations of sexual assault. Flower Child is a growing, fast casual restaurant offering a customizable menu, made fresh from scratch, featuring locally-sourced, all-natural and organic ingredients. About Take 5 Oil ChangeTake 5 Oil Change has been serving customers for more than 30 years. | Roark is an Atlantabased private equity firm with $35 billion in assets under management. 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. Founded in 1972, Meineke is an automotive aftermarket industry pioneer and leading provider of repair and maintenance services. CHARLOTTE, N.C., March 30, 2016 /PRNewswire/ --Driven Brands, a portfolio company of Roark Capital and the nation's leading automotive franchisor, announced today that its affiliate has acquired Louisiana-based Take 5 Oil Change. us for more details. No, Sonic is owned by Sega, who debuted the character in "Sonic The Hedgehog" for their Genesis console in 1991. regarding PitchBook Data's products. The Take 5 Oil Change management team will remain at the helm, and the headquarters will remain in New Orleans. Culver's is a family-favorite restaurant known for their ButterBurgers, Fresh Frozen Custard & Wisconsin Cheese Curds. All of those characteristics have helped turn Roark into one of the biggest influencers in the quick-service industry. ABRA is a leading network of franchised automotive collision repair shops. Our Core Values define who we are, what we do and how we do it. 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. Theres just one distinction: Two dozen black-framed notices of the private equity firms acquisitions dot the walls along the narrow sides of the room. ATLANTA OFFICE Theyre very entrepreneurial., Besides, he says, theyre just plain good guys.. 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.. Affiliates of Roark have invested in 56 franchise/multi-unit brands which collectively generate $21 billion in annual system revenues from 23,000 locations in 50 states and 75 countries. 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.