Was decided. Roark Capital Group added another brand to its wide-ranging franchise portfolio with the acquisition October 1 of residential and commercial restoration and cleaning services company. . 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. Basecamp Fitness is a growing network of fitness studios featuring high-intensity and high-energy workout sessions. Known as 'America's Bodyshop', Maaco is a leading provider of auto painting and light collision repair services. 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. The moves largely undo Roarks $200 million equity investment in Cheesecake back in April 2020, when the pandemic was just beginning. New York, NY 10022 He refuses to follow fads, trends, or popularity. Some firms seek investments that fit into specific size parameters. There was talent at Carvel that Cinnabon could benefit from, and talent at Cinnabon that Carvel could use.. 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 . . They did some digging, and went straight to the source: Arby's Quality Assurance. FOCUS Brands is also the franchisor of Seattle's Best Coffee on certain military bases and in certain international markets. Driven manages a family of automotive brands including ABRA, CARSTAR, Maaco, Meineke, Take 5, Uniban, 1-800 Radiator, and others. Founded in 1975 and headquartered in San Rafael, CA, US Sports camps is the licensed operator of Nike Sports Camps. Join the more than 1.5 million industry professionals who get our daily newsletter! Few of Arbys issues were present at CKE, which was acquired from private equity firm Apollo Global Management. Auntie Anne's menu includes hand-rolled soft pretzels baked in-store, Pretzel Nuggets, beverages (including signature lemonade) and Pretzel Dogs. [17] The acquisition was completed on December 7, 2018. us for more details. Fax (404) 591-5201 37th Floor Phone (212) 806-6000 . The only way your investment is going to be rewarded in the long term is if you make long-term focused decisions that improve the business, which they do very well. About Roark Capital Group. Nation's Restaurant News is part of the Informa Connect Division of Informa PLC. 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. We learn a lot from every company we evaluate, and then as we work with the companies., Making an acquisition is just the ticket to play, he adds. Did inspire brands buy jimmy johns? 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. 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. Founded in 1988, U.S. Inspire Brands is majority-owned by affiliates of Roark Capital Group. 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. Waxing the City is a growing network of waxing studios with an emphasis on superior waxes, highly-trained staff, and compassionate customer service. As chief financial officer at U.S. Anytime Fitness is the largest fitness franchise in the world, with gym facilities open 24 hours a day, 365 days a year. Roark Capital Group Acquires Miller's Ale House - PR Newswire Neal Aronson founded Roark Capital in . [11][12] Arby's CEO Paul Brown was selected to continue as Inspire Brands CEO. Roark Capital Group General Information. EPAM Anywhere hiring Senior Automation Tester in Armenia | LinkedIn 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 . 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. ICWG operates under the IMO banner in Europe and Asia-Pacific. Roark focuses on franchised and multi-unit business models in the retail, restaurant, consumer and business services sectors. 37th Floor 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 have perfected their processes and deliver industry leading customer service. 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 . Later acquisitions were made with capital from the second and third investment funds. Naf Naf Grill, investor group buy out Roark ownership Culver's is a family-favorite restaurant known for their ButterBurgers, Fresh Frozen Custard & Wisconsin Cheese Curds. 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 . 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 . The brand offers 8- and 10-inch bundt cakes, Bundtlets and Bundtinis in multiple flavors that are hand-crafted and baked on-site. We then focus our time on what are those three or four key strategic initiatives for that business., Nash, who died in 2008, passed on several lessons to Aronson, one of the biggest being that the best investments require great patience. Atlanta, Georgia 30309 Our largest sector, food and restaurants, encompasses investments in brands such as: Inspire Brands (the owner of Arbys, Baskin Robbins, Buffalo Wild Wings, Dunkin, Jimmy Johns, and Sonic), Nothing Bundt Cakes, CKE Restaurants (the owner of Carls Jr and Hardees), FOCUS Brands (the owner of Auntie Annes Pretzels, Carvel Ice Cream, Cinnabon, Jamba, McAlisters Deli, Moes Southwest Grill, and Schlotzskys), Millers Ale House, Culvers, The Cheesecake Factory (the owner of North Italia and Flower Child), Jim N Nicks BBQ, and previously Corner Bakery, Il Fornaio, Naf Naf Middle Eastern Grill and Wingstop. 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. They are an extremely knowledgeable group, he says, noting that the firms buy-and-hold philosophy is important to him as a lender and franchisee. Auntie Anne's menu includes hand-rolled soft pretzels baked in-store, Pretzel Nuggets, beverages (including signature lemonade) and Pretzel Dogs. In its 13 years in existence, Roark has sold only three companies. 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. Roark Capital Group Contact: Debra Vilchis Fishman Public Relations 847-945-1300 [emailprotected], Cision Distribution 888-776-0942 Miller's appears to be in good hands with its current owners. 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.. Most compete in the quick-service sector, far downmarket from Cheesecakes turf. Although CKE has debtthe company refinanced $1 billion last yearAronson says its very manageable. Morningstar Institutional Equity Research. Founded in 2006, Streamline Brands is a leading franchisor and Pet Supermarket is the largest specialty retailer of pet food and pet-related supplies based in the southeastern US. Cinnabon is an American chain of bakeries known for their "World Famous Cinnamon Rolls.". Founded in 1983, Jimmy John's offers high-quality sandwiches with rapid preparation. 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. The five times weekly e-newsletter that keeps you up-to-date on the latest industry news and additions to this website. Terms of . Arby's owner Roark gobbles up Buffalo Wild Wings for $2.4 billion The firm has $3 billion in capital under management, raised through three successively larger private-equity funds. 8 Secrets Buffalo Wild Wings Doesn't Want You to Know Roark also owns nearly a dozen non-eatery franchise businesses. 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. Registered in England and Wales. Sign up to receive texts from Restaurant Business on news and insights that matter to your brand. 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. operator of swim schools for children of all ages, serving over 150,000 swimmers per year. 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. A massive private equity firm, Atlanta-based Roark owns varied franchise brands including Anytime Fitness and Massage Envy, along with Inspire Brands and Focus . 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. 540 Madison Ave The Take 5 Oil Change management team will remain at the helm, and the headquarters will remain in New Orleans. 1180 Peachtree Street NE Who is corner bakery owned by? [16], Inspire Brands on September 25, 2018 announced that it was buying Oklahoma City-based Sonic Drive-In for $2.3 billion. 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. 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. Roark Capital Group 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.