Focus added Schlotzskys in 2006, Moes Southwest Grill in 2007, and Auntie Annes in 2010. Roark NEW YORK OFFICE 540 Madison Ave 37th Floor New York, NY 10022 Phone (212) 806-6000 Fax (212) 518-2028 www.roarkcapital.com 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. Roark focuses on franchised and multi-unit business models in the retail, restaurant, consumer and business services sectors. Site Map | Search | Terms of Use | Privacy Policy | Accessibility, Roark Web page addresses and e-mail addresses turn into links automatically. 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. There were four CEOs in six years, a problem Aronson blames on previous ownership. Founded in 1999, KE Camps is the leading operator of day camps for country clubs, 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.. 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. We dont know when yet, but it will happen, he says. An arm of Atlanta-based Roark Capital Group plans to buy ServiceMaster Brands for $1.55 billion within 30 to 60 days. As the Atlanta-based private equity firm that owns Massage Envy, Roark Capital Group published a plan in 2017 to address the . RB AMERICAN. Later acquisitions were made with capital from the second and third investment funds. 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. 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. They are like the Warren Buffett of restaurants.. . 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. 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. The Denver company . 2023 PitchBook. Jimmy still owns 35%. The Company focuses on management of buy-outs, acquisitions, mergers, recapitalizations, restructuring, business transfers, corporate divestiture, and other situations. Others acquire companies, do some financial engineering, and then flip them after a few years. 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 . Dunkin is famous for its combination of high-quality coffees, espresso beverages, baked goods, and breakfast sandwiches served all day with fast, friendly service. For 91 years, we've been helping people take control of their financial futures. [10][19] The deal closed on October 18, 2019. It takes time to build a really good company, to make it sustainable, and make the growth something thats long term.. Founded in 2001, Roark Capital Group is a private equity firm based in Atlanta, Georgia. The securities filing states that Aronson will have the discretion to manage the shares as he sees fit. They keep their companies autonomous, but they understand how to control costs and focus on getting the profit margins up.. Roark Portfolio Employees Assistance Fund. Cinnabon and some franchising rights for Seattles Best Coffee were then acquired in 2004. 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. regarding PitchBook Data's products. Baseball Academy. Theyre very entrepreneurial., Besides, he says, theyre just plain good guys.. us for more details. International Car Wash Group is the world's largest local car wash company, with operations in the U.S., Europe and Australia. Furniture Medic is a global leader and franchisor in the furniture repair and restoration industry. By the end of the first year under Roark leadership, 21 new menu items were added. . 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. 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. 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. from 8 AM - 9 PM ET. AmeriSpec is a leading franchisor and provider of residential and commercial real estate inspection services. Pet Supermarket is the largest specialty retailer of pet food and pet-related supplies based in the southeastern US. He has conviction, passion, unbelievable honesty, openness, and hes loyal and trustworthy. Its pretty exciting to be part of helping people realize their dreams, Aronson says of franchising. 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. 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. Private equity often involves deals of dizzying size to buy companies your average consumer has never heard of. Orangetheory Fitness is one of the largest and fastest growing franchisors in the studio-based fitness market. Here's what Roark is offering, and what this means for the company, its shareholders and the struggling restaurant industry. [17] The acquisition was completed on December 7, 2018. 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. Anytime Fitness is the largest fitness franchise in the world, with gym facilities open 24 hours a day, 365 days a year. Franchise Systems, an Atlanta-based hotel franchisor that began with one brand and 22 hotels in nine states. The Company provides a comprehensive suite of services primarily to retail, fleet, and industrial consumers. . The deal specifies that Ginsberg and Aronson are locked up for 60 days from trying to amass a controlling interest in Cheesecake. We want CKE to reach their potential, just like all of Roarks other brands, he says. Become a Restaurant Business member today and unlock exclusive benefits, including unlimited access to all of our content. It met Roarks expertise then: a franchised business in the hospitality arena. The buyback more than doubled Roark's initial investment. Roark managing partner Neal Aronson will retain control of a 4.6% stake. 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. NEW YORK OFFICE Inspire operates Support Centers in Atlanta, Oklahoma City, Champaign, Minneapolis, and Canton, Massachusetts. Roark Capital founder Neal Aronson has helped the firm grow to include several premier quick-service companies, including CKE and Arbys. 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. The remaining 50,000 preferred Cheesecake shares will be converted to 2,448,381 common shares of the casual-dining company. Founded in 1988, U.S. Meineke provides all regularly scheduled maintenance services, along with repair and replacement of vehicle components. 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. Arbys is the largest drive-thru sandwich chain in the United 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 . For more information, please visit www.roarkcapital.com. Moe's Southwest Grill is the neighborhood burrito place offering flavorful Southwestern fare with a healthy twist. Do not sell my personal infoPrivacy PolicyContact UsRSS, Cheesecake Factory buys most of Roark's stake for $457M. [11][12] Arby's CEO Paul Brown was selected to continue as Inspire Brands CEO. Who is corner bakery owned by? ICWG is the largest car wash operator in the world, washing more than 35 million cars every year through more than 900 locations in 14 countries across Europe, the United States, and Australia. So far, it seems the risk is paying off. [13] Co-owner The Wendy's Company's stake was reduced from 18.5% to 12.3% due to the infusion of capital from Roark Capital to fund the purchase. Global network of franchises providing janitorial services, carpet cleaning, hard surface floor care, tile and grout cleaning, and upholstery cleaning. 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: . 1 Answer ANSWER Neal Aronson. 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 . 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. | Roark is an Atlantabased private equity firm with $35 billion in assets under management. ", 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.". Founded in 1975 and headquartered in San Rafael, CA, US Sports camps is the licensed operator of Nike Sports Camps. Affiliates of Roark have acquired 55 franchise/multi-unit brands which generated approximately $21 billion in system revenues from 23,000 locations located in 50 states and 75 countries. He is my all-time favorite character in any book, Aronson says. Phone (212) 806-6000 Roark Capital Group is an Atlanta-based private equity firm with over $6 billion in equity capital. 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. . 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. 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. Roark Capital Group is an Atlanta-based private equity firm with more than $1.5 billion in equity capital under management. They did some digging, and went straight to the source: Arby's Quality Assurance.