who owns roark capital group

It is part of Flynn Restaurant Group which also operates 441 . Terms of . [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. Fitness Connection is a leading player in the "High Value, Low Price (HVLP)" segment of the fitness industry. Roark Capital founder Neal Aronson has helped the firm grow to include several premier quick-service companies, including CKE and Arbys. We have been slowly and methodically learning as much as we can about restaurants, Romaniello says. 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. Focus added Schlotzskys in 2006, Moes Southwest Grill in 2007, and Auntie Annes in 2010. For more information, please visit www.roarkcapital.com. 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. About Take 5 Oil ChangeTake 5 Oil Change has been serving customers for more than 30 years. In 2016, Liautaud sold an estimated 65% of the business to Inspire's parent company, the Atlanta-based private equity firm Roark Capital, in a deal that valued Jimmy John's at around $3 . Known as 'America's Bodyshop', Maaco is a leading provider of auto painting and light collision repair services. 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. It has strong unit-level growth and is stable, with an excellent management team and differentiated brands, Aronson says. Makers of industrial parts and telecom infrastructure providers play a crucial role in the economy, but you don't see their commercials on TV. Founder & Chief Executive Officer. How a young private equity firm came to own 16 restaurant brands with $11 billion in systemwide sales. Auntie Anne's menu includes hand-rolled soft pretzels baked in-store, Pretzel Nuggets, beverages (including signature lemonade) and Pretzel Dogs. For more information visit www.roarkcapital.com. Fitness Connection is a leading player in the "High Value, Low Price (HVLP)" segment of the fitness industry. Driven Brands manages a family of automotive companies including Maaco, Meineke Car Care Centers, CARSTAR North America, 1-800 Radiator & A/C, which collectively generate annual system revenues of more than $2.1 billion. Still, Arbys core attributes lined up for Roark, including the brand differentiation, great history, a large and loyal customer base, good locations, and upside potential. 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. Founded in 2006, Streamline Brands is a leading franchisor and 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. regarding PitchBook Data's products. 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. 540 Madison Ave Take 5 Oil Change has a phenomenal brand, operating model, and team led by Marc. 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. Each deal brings its own set of challenges, says Erik Morris, a managing director who joined Roark in 2007 after leading investments in several quick-service restaurant companies at private equity firm Grotech Capital Group. If you work your tail off and follow the rules, you can be successful. www.roarkcapital.com. The numbers on this page are based on contributions of $200 or more from PACs and individuals to federal candidates and from PAC, individual and soft . 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. 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. You can unsubscribe at any time by clicking on the unsubscribe link at the bottom of our emails. 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. 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. Jimmy John's is one of the largest sandwich chains in the US. 540 Madison Ave ATLANTA OFFICE In the announcement, ServiceMaster says: "The transaction will position the . Founded in 1983, Jimmy John's offers high-quality sandwiches with rapid preparation. Did inspire brands buy jimmy johns? Explained by Sharing Culture The deal shocked an industry already stunned by the unprecedented market changes they were seeing as coronavirus shut down much of the nation. Baseball Academy (Youth Enrichment Brands), U.S. Sports Camps (Youth Enrichment Brands), Roark portfolio company, Youth Enrichment Brands, acquires i9 Sports. Jamba is a category-leading smoothie and juice chain that offers a variety of high quality smoothies, juices, bowls and other products. 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 . . They understand franchising, and they know brands and understand branding. 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. We believe that successful partnerships begin with providing a compelling value proposition to all business constituencies. None were restaurants. Latest Addition to Driven Brands Strengthens Leadership Position in Automotive Aftermarket Services Industry. As the Atlanta-based private equity firm that owns Massage Envy, Roark Capital Group published a plan in 2017 to address the . Merry Maids is a leading franchisor and provider of home cleaning services. Meineke provides all regularly scheduled maintenance services, along with repair and replacement of vehicle components. Roark Capital-owned Driven Brands targets over $3 bln valuation in IPO. Mathnasium is a leading franchisor of math learning centers with over 1,000 locations across 46 states and 12 countries. [8] Inspire Brands is majority-owned by affiliates of Roark Capital Group. Sign up here. When typing in this field, a list of search results will appear and be automatically updated as you type. In 1995, he helped launch U.S. Atlanta investment firm scoops up Culver's stock - Madison Roark Capital Acquires Nothing Bundt Cakes | Business Wire They did some digging, and went straight to the source: Arby's Quality Assurance. It takes time to build a really good company, to make it sustainable, and make the growth something thats long term.. Its two full-service restaurant chains are Il Fornaio and Millers Ale House. Roark Capital Group is buying the 37-unit Jim 'N Nick's Bar-B-Q, the company said on Monday, in a deal that gives the Atlanta-based, private-equity group its 20th restaurant brand. Stronger U is a digital, personalized nutrition-based health coaching services brand. Driven Brands is the largest automotive services company in North America. Take 5 CEO Marc Graham, who headed Take 5 Oil Change as CEO since 2013 and has more than 40 years of experience in the automotive aftermarket, will lead the Driven Brands Quick Lube division. Who Owns Who in Franchising? Over 50 of the Most Popular Franchise Neal K Aronson is Managing Partner/Founder at Roark Capital Group. 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. The firings came Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Global network of franchises providing residential and commercial restoration services, including water damage, smoke and fire damage, mold remediation, and disaster recovery. Roark Capital Group - CB Insights | Roark is an Atlantabased private equity firm with $35 billion in assets under management. With this acquisition, Driven Brands continues to expand its Quick Lube division, which also includes Pro Oil Change and Driven Florida Lubes. International Car Wash Group is the world's largest local car wash company, with operations in the U.S., Europe and Australia. Driven manages a family of automotive brands including ABRA, CARSTAR, Maaco, Meineke, Take 5, Uniban, 1-800 Radiator, and others. New York, NY 10022 Buffalo Wild Wings Takes Flight On Buyout Offer As chief financial officer at U.S. Registered in England and Wales. 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. 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 . There hadnt been a new flavor in five years or a new product in eight. The franchisees hated the company, says Romaniello, now a Roark managing partner. Not knowing what to expect during the impending crisis, most restaurant companies scrambled to maximize their liquidity, fearful theyd have insufficient cash on hand to sustain operations as dining rooms were ordered to close and sales fell to a trickle. The five times weekly e-newsletter that keeps you up-to-date on the latest industry news and additions to this website. 37th Floor October 01, 2020 09:01 AM Eastern Daylight Time . Working At Arby's: Employee Reviews And Culture - Zippia Wingstop has a total market capitalization of a gigantic $4.73 billion! 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. Phone (404) 591-5200 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. 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. 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. ABRA is a leading network of franchised automotive collision repair shops. 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 . Do not sell my personal infoPrivacy PolicyContact UsRSS, Cheesecake Factory buys most of Roark's stake for $457M. 8 Secrets Buffalo Wild Wings Doesn't Want You to Know Most compete in the quick-service sector, far downmarket from Cheesecakes turf. In 2002, Massage Envy created a completely new category in the wellness industry and remains the industry leader in providing professional and affordable services that promote well-being through total body care. The New Jersey State Investment Council, which manages investments in seven public pension funds, committed up to $100 million to the private equity firms latest fund in 2012 after the agencys staff cited Roarks impressive track record and strong returns. Our name signifies our admiration for the qualities embodied by Howard Roark but, as a firm of diverse viewpoints, it does not signify adherence to any particular political philosophy. [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. 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. "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. 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.

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