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. Roark Capital Group Inc. operates as a private equity firm. 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. Cheesecake will then repurchase the stock for $446.9 million. Fitness Connection is a leading player in the "High Value, Low Price (HVLP)" segment of the fitness industry. 540 Madison Ave With this acquisition, Driven Brands continues to expand its Quick Lube division, which also includes Pro Oil Change and Driven Florida Lubes. Roark Capital Group Acquires International Car Wash Group - PR Newswire The Denver company . The Take 5 Oil Change management team will remain at the helm, and the headquarters will remain in New Orleans. 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: . Aronson will surrender 47,517 of the common shares to Cheesecake in exchange for $10.4 million in cash. www.roarkcapital.com, Roark When I talked to Jack, he yelled at me and shamed me into starting Roark, Aronson says. 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. The Untold Truth Of Miller's Ale House - Mashed.com It comes down to a few basic principles treat everyone the way you want to be treated, always do what you say, and always do what is right and long-term smart regardless of conventional wisdom, even when its really hard and when no one is looking. International Car Wash Group is the world's largest local car wash company, with operations in the U.S., Europe and Australia. 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. "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.". 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 Rohan Group of Companies, which owns Pandya Restaurant Growth Brands, had hoped to expand the Corner Bakery brand, but it remains unclear how the bankruptcy filing will impact those plans. The acquisitions are a team effort, Hill says, relying on Roarks operational, financial, and other resources. Franchise Systems, an Atlanta-based hotel franchisor that began with one brand and 22 hotels in nine states. 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 . Roark Capital Group Profile: Totals OpenSecrets 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 . Fax (404) 591-5201 from 8 AM - 9 PM ET. Phone (404) 591-5200 ATLANTA OFFICE See Neal K Aronson's compensation, career history, education, & memberships. 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 . Email this Business. Environmental, Social and Governance (ESG), HVAC (Heating, Ventilation and Air-Conditioning), Machine Tools, Metalworking and Metallurgy, Aboriginal, First Nations & Native American. The Bar Method is a leading low-impact studio fitness franchise with locations across the US and Canada. [14] In September 2018, Inspire had the 27-location R Taco reverted to the Rusty Taco name. Known as 'America's Bodyshop', Maaco is a leading provider of auto painting and light collision repair services. Founded in 1999, KE Camps is the leading operator of day camps for country clubs,
", "This is a tremendous opportunity for Take 5 Oil Change to grow our business to the next level," said Graham. Finally, in 2015, the final answer to the previous question, who owned Wingstop? For over 30 years, Culvers guests have been treated to cooked-to-order food made with farm-fresh ingredients, served with a smile. Franchisees trust in the owners rose dramatically. Founded in 1984, Take 5 Oil Change operates 65 quick oil change facilities across nine states throughout the Southeast. Aronson launched the firm in 2001 and named it for Howard Roark, the protagonist architect in Ayn Rands novel, The Fountainhead. Contact Ron Ruggless at [emailprotected], /sites/all/themes/penton_subtheme_nrn/images/logos/footer.png. Atlanta, Georgia 30309 Theres also Green Burrito and Red Burrito, which cobrand with some Carls Jr. and Hardees, while Roark also franchises Seattles Best Coffee internationally. regarding PitchBook Data's products. Roark focuses on franchised and multi-unit business models in the retail, restaurant, consumer and business services sectors. [20], Inspire Brands on October 25, 2020 announced that it was buying Dunkin' Brands for $11.3 billion. Roark :: About Roark - Roark Capital Group As a private equity company, we will need to, and will divest companies, Aronson says. Roark has acquired. . "We are actively expanding our footprint through the strategic acquisition of top-performing, complementary auto aftermarket services companies," said Jonathan Fitzpatrick, CEO of Driven Brands. 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. Take 5 Oil Change is the market leader in speed and quality, and is the fastest growing quick lube chain in the country. Become a Restaurant Business member today and unlock exclusive benefits, including unlimited access to all of our content. 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 . All of those characteristics have helped turn Roark into one of the biggest influencers in the quick-service industry. Corner Bakery Cafe sells to Boston Market owner Pandya Cinnabon is an American chain of bakeries known for their "World Famous Cinnamon Rolls.". Aronson says the firm talks about the core values and lives them out every day, and that theyre on laminated cards given to each of Roarks 45 employees. Like many urban fast-casual concepts , Corner Bakery has struggled during the pandemic and has seen sharp declines in earnings and revenues since March, according to Debtwire. Nov 2009 - Dec 202213 years 2 months. Roark Capital Group, the owner of restaurant chain Arby's, plans to buy Buffalo Wild Wings for $2.4 billion. 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. The firm has $3 billion in capital under management, raised through three successively larger private-equity funds. 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. Others acquire companies, do some financial engineering, and then flip them after a few years. Buffalo Wild Wings' Owner Has Diverse Empire - Business Insider Global network of franchises providing janitorial services, carpet cleaning, hard surface floor care, tile and grout cleaning, and upholstery cleaning. 37th Floor Driven manages a family of automotive brands including ABRA, CARSTAR, Maaco, Meineke, Take 5, Uniban, 1-800 Radiator, and others. They have perfected their processes and deliver industry leading customer service. He refuses to follow fads, trends, or popularity. | Roark is an Atlantabased private equity firm with $35 billion in assets under management. Roark Capital Group Investor Profile: Portfolio & Exits | PitchBook 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. Naf Naf Grill and an investor group bought out the minority ownership of Roark Capital. Suite 2500 McAlister's is a franchise chain of quick casual restaurants offering a variety of sandwiches, salads, soups, wraps and desserts. CARSTAR is the largest franchise network of automotive collision repair shops in North America. Roark Capital | LinkedIn Youth Enrichment Brands encompasses US Sports Camps, i9 Sports, Streamline Brands, and U.S. They keep their companies autonomous, but they understand how to control costs and focus on getting the profit margins up.. Jul 22, 2013, 08:00 ET. For more information visit www.take5oilchange.com. The Rinse-and-Repeat Franchise Model That Makes This Couple $25 Million Envysion is a loss prevention platform designed to protect businesses, brands, Since 2015, Scena has provided as-built digital twin services to restaurants for, Full-service communications and PR agency specializing in the Restaurant and, Refreshed Branding Boosts Mendocino Farms' Growth Plans, Patrick Doyle Brings His Turnaround Magic to Burger King, Free to Qualified Restaurant Professionals, Dave's Hot Chicken Announces Partnership with Movie Franchise, Scream, Slutty Vegan Sets Opening Date for Second NYC Location, Jet's Pizza to Give Away Year's Worth of Ranch, Biscuitville Establishes Special Fund to Assist Employees with Financial Hardships. In the announcement, ServiceMaster says: "The transaction will position the . Were growers, not cutters. Flower Child is a growing, fast casual restaurant offering a customizable menu, made fresh from scratch, featuring locally-sourced, all-natural and organic ingredients. The company, which was sold by Roark Capital Group to Pandya Restaurant Growth Brands in October 2020, has two locations in San Antonio, Texas. CHARLOTTE, N.C., March 30, 2016 /PRNewswire/ -- Driven Brands, a portfolio company of Roark Capital and the nation's leading automotive franchisor . After a few quiet years, Roark raised its first flagship fund in 2005, a $413 million vehicle, and quickly got to work making deals, completing four . Roark also owns nearly a dozen non-eatery franchise businesses. READ MORE, Roark was named after Howard Roark, the protagonist in Ayn Rand's book The Fountainhead. The Company provides a comprehensive suite of services primarily to retail, fleet, and industrial consumers. Roark Capital Group is an Atlanta-based private equity firm that specializes in franchise, brand management, environmental services and marketing services companies with attractive growth prospects. Roark Capital Group - CB Insights The transaction will apparently not cost Paul Ginsberg, Roark Capitals president, his seat on Cheesecakes board. The stake will be controlled by Roark founder and managing partner Neal Aronson, according to securities documents filed Monday. Driven Brands has more than 2,000 centers across North America, and combined, all businesses generate more than $2.1 billion in system sales. 1180 Peachtree Street NE Did inspire brands buy jimmy johns? U.S. Roark Capital Group is an American private equity firm with over $33 billion in assets under management. Inside Roark Capital | QSR magazine Furniture Medic is a global leader and franchisor in the furniture repair and restoration industry. How are the unit-level economics? Phone (212) 806-6000 The brand offers 8- and 10-inch bundt cakes, Bundtlets and Bundtinis in multiple flavors that are hand-crafted and baked on-site. 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. [9][10], Inspire Brands was formed when Arby's Restaurant Group merged with Buffalo Wild Wings on February 5, 2018. ", 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.". It was founded by Jimmy John Liautaud in 1983 and is headquartered in Champaign, Illinois.