Aronson launched the firm in 2001 and named it for Howard Roark, the protagonist architect in Ayn Rands novel, The Fountainhead. 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. 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 . ATLANTA, Feb. 4, 2019 /PRNewswire/ -- Roark Capital, an Atlanta -based private equity firm focused on investing in multi-unit businesses, announced today . Roark Capital Group owns other dining-out favorites, including Arby's, Auntie Anne's, Cinnabon, Carvel Ice Cream, Moe's Southwest Grill, and Wingstop. That is part of our obligation to our investors.. Inspire Brands, Inc. is an American holding company and the owner and franchisor[7] of the Arby's, Buffalo Wild Wings, Sonic Drive-In, Jimmy John's, Mister Donut, Dunkin' Donuts and Baskin-Robbins restaurant chains. Global network of franchises providing residential and commercial restoration services, including water damage, smoke and fire damage, mold remediation, and disaster recovery. There was talent at Carvel that Cinnabon could benefit from, and talent at Cinnabon that Carvel could use.. It is part of Flynn Restaurant Group which also operates 441 . Nothing Bundt Cakes is a leading franchisor and operator of gourmet bakeries. A massive private equity firm, Atlanta-based Roark owns varied franchise brands including Anytime Fitness and Massage Envy, along with Inspire Brands and Focus . Who owns Miller's Ale House? Some firms seek investments that fit into specific size parameters. Baseball Academy brings together college and high school coaches to provide camp programs to aspiring baseball and softball players across the United States. Phone (212) 806-6000 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. 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. Roark focuses on middle-market investment opportunities through family-owned business transfers, anagement/corporate buyouts, recapitalizations, going-private transactions, and corporate divestitures. 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. Environmental, Social and Governance (ESG), HVAC (Heating, Ventilation and Air-Conditioning), Machine Tools, Metalworking and Metallurgy, Aboriginal, First Nations & Native American. AmeriSpec is a leading franchisor and provider of residential and commercial real estate inspection services. Media ContactBrandi Neloms, Sr. Communications Manager[emailprotected] 704-644-8151, Cision Distribution 888-776-0942 serving 10,000+ campers per year. In the book, the character doesnt bow to conventional wisdom and is seen as an authentic innovator. US Sports Camps offering spans 19 different physical sports, Esports, and academic programs for campers ranging from 6 to 18 years old. 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. Youth Enrichment Brands encompasses US Sports Camps, i9 Sports, Streamline Brands, and U.S. Join the more than 1.5 million industry professionals who get our daily newsletter! 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 . International Car Wash Group is the world's largest local car wash company, with operations in the U.S., Europe and Australia. Article continues below . For over 30 years, Culvers guests have been treated to cooked-to-order food made with farm-fresh ingredients, served with a smile. Who owns the most Arby's franchises? Cheesecake opted to trade 200,000 shares of preferred stock to Roark for $200 million. Founded in 1999, KE Camps is the leading operator of day camps for country clubs, This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. Here's What It Said, Supporting New Restaurant Franchisees, By Experience Level, The Power of Transformation in the Restaurant World, Fast-Food Chains Turn Focus to Better In-App Experiences, How to Effectively Market a Restaurant Anniversary. Baseball Academy. Founded in 1975 and headquartered in San Rafael, CA, US Sports camps is the licensed operator of Nike Sports Camps. Baseball Academy (Youth Enrichment Brands), U.S. Sports Camps (Youth Enrichment Brands), Roark portfolio company, Youth Enrichment Brands, acquires i9 Sports. For 91 years, we've been helping people take control of their financial futures. Buffalo Wild Wings also owned the Rusty Taco chain. Anon { relativeTimeResolver(1660511260487) }} LIVE Points 3. That's because we've stayed true to our core beliefs, our approach to investing and our commitment to community. Cinnabon and some franchising rights for Seattles Best Coffee were then acquired in 2004. 1180 Peachtree Street NE Inspire Brands is the franchisor and operator of the Arbys, Buffalo Wild Wings, Jimmy Johns, SONIC, Dunkin, and Baskin Robbins brands. 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. from 8 AM - 9 PM ET. Who is corner bakery owned by? Suite 2500 Aronson began his career in investment banking and private equity in New York, working for several firms, including hedge fund Odyssey Partners. Roark Capital Group, that currently owns the Schlotzsky's, Carvel, Cinnabon, Moe's Southwest Grill, McAlister's Deli, Auntie Anne's and Jamba brands. Founded in 1975 and headquartered in San Rafael, CA, US Sports camps is the licensed operator of Nike Sports Camps. In the early days, there were real synergies and reasons to put companies together in Focus, says Hill, who became Cinnabons president. ICWG operates under the IMO banner in Europe and Asia-Pacific. Inspire Brands is a privately owned equity company that falls under the management of Roark Capital Group . Roark Capital Acquires ServiceMaster Brands. Jamba is a category-leading smoothie and juice chain that offers a variety of high quality smoothies, juices, bowls and other products. Self Esteem Brands is the parent company of Anytime Fitness, Basecamp Fitness, The Bar Method, Waxing the City, Stronger U, and Healthy Contributions. The securities filing states that Aronson will have the discretion to manage the shares as he sees fit. 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. 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. Luther is Arbys chairman. 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. Romaniello became the operating partner, and Hill was added as vice president of franchising and foodservice. 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. Neal Aronson founded Roark Capital in . www.roarkcapital.com, Roark Portfolio Employees Assistance Fund. Meineke provides all regularly scheduled maintenance services, along with repair and replacement of vehicle components. They keep their companies autonomous, but they understand how to control costs and focus on getting the profit margins up.. Lines and paragraphs break automatically. New York, NY 10022 Driven Brands has more than 2,000 centers across North America, and combined, all businesses generate more than $2.1 billion in system sales. Fax (404) 591-5201 We look first at the brand and the company, he says. ServiceMaster Brands is the parent company of ServiceMaster Restore, ServiceMaster Clean, Merry Maids, TWO MEN AND A TRUCK, AmeriSpec, and Furniture Medic. Driven Brands is the largest automotive services company in North America. In its 13 years in existence, Roark has sold only three companies. 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. Mathnasium is a leading franchisor of math learning centers with over 1,000 locations across 46 states and 12 countries. The deal shocked an industry already stunned by the unprecedented market changes they were seeing as coronavirus shut down much of the nation. Become a Restaurant Business member today and unlock exclusive benefits, including unlimited access to all of our content. With this acquisition, Driven Brands continues to expand its Quick Lube division, which also includes Pro Oil Change and Driven Florida Lubes. Founded in 1972, Meineke is an automotive aftermarket industry pioneer and leading provider of repair and maintenance services. 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 . 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:

. Atlanta, Georgia 30309 He has conviction, passion, unbelievable honesty, openness, and hes loyal and trustworthy. US Sports Camps is the nations leading youth sports camp company, serving more than 100,000 campers across 1,200+ camps in 48 states. If you work your tail off and follow the rules, you can be successful. 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. www.roarkcapital.com. Our greater purpose reminds us to appreciate who we work hard for each daywhen Roark does well, more kids go to college, more research gets done for curing disease and the people who protect our streets and teach our kids get a better life. Founded in 2001, Roark Capital Group is a private equity firm based in Atlanta, Georgia. 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 . Neal K Aronson is Managing Partner/Founder at Roark Capital Group. The transaction will apparently not cost Paul Ginsberg, Roark Capitals president, his seat on Cheesecakes board. Here's what Roark is offering, and what this means for the company, its shareholders and the struggling restaurant industry. Baseball Academy. Fax (212) 518-2028 Our goal is to be the preferred capital source for private equity solutions by earning the respect of everyone we interact with. Later acquisitions were made with capital from the second and third investment funds. ServiceMaster Brands is the parent company of ServiceMaster Restore, ServiceMaster Clean, Merry Maids, TWO MEN AND A TRUCK, AmeriSpec, and Furniture Medic.

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