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 . Atlanta, Georgia 30309 Furniture Medic is a global leader and franchisor in the furniture repair and restoration industry. Franchise Systems, an Atlanta-based hotel franchisor that began with one brand and 22 hotels in nine states. [9] On August 28, 2018, Georgia Governor Nathan Deal announced that Inspire was moving its headquarters to Sandy Springs, Georgia in 2019. 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. A massive private equity firm, Atlanta-based Roark owns varied franchise brands including Anytime Fitness and Massage Envy, along with Inspire Brands and Focus . When Darden sold Red Lobster in 2014, it was to Golden Gate Capital, who also owned Romano's Macaroni Grill from 2008 to 2013. 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. "Take 5 Oil Change is an ideal addition to our portfolio of brands. North Italia is a modern interpretation of Italian cooking in the upscale casual dining segment, offering a variety of dishes that are handmade from scratch daily. Roark Capital-owned Driven Brands targets over $3 bln valuation in IPO. Cinnabon is an American chain of bakeries known for their "World Famous Cinnamon Rolls.". Take 5 Oil Change has a phenomenal brand, operating model, and team led by Marc. 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. Atlanta, Georgia 30309 When typing in this field, a list of search results will appear and be automatically updated as you type. Aronson will surrender 47,517 of the common shares to Cheesecake in exchange for $10.4 million in cash. That is part of our obligation to our investors.. Founded in 1988, U.S. from 8 AM - 9 PM ET. Here's what Roark is offering, and what this means for the company, its shareholders and the struggling restaurant industry. Nothing Bundt Cakes is a leading franchisor and operator of gourmet bakeries. CARSTAR is the largest franchise network of automotive collision repair shops in North America. Orangetheory Fitness is one of the largest and fastest growing franchisors in the studio-based fitness market. The company, which was sold by Roark Capital Group to Pandya Restaurant Growth Brands in October 2020, has two locations in San Antonio, Texas. 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. 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. International House of Pancakes, LLC is a wholly-owned subsidiary of Dine Brands Global (NYSE: DIN). Cheesecake only franchises abroad, and on a limited basis, and it is positioned squarely in the upper echelon of casual dining. Waxing the City is a growing network of waxing studios with an emphasis on superior waxes, highly-trained staff, and compassionate customer service. 1180 Peachtree Street NE operator of swim schools for children of all ages, serving over 150,000 swimmers per year. Today the only other restaurantchain Golden Gate owns besides Red Lobster is California Pizza Kitchen, but their portfolio includes lots of non-restaurant companies, including Eddie Bauer, Payless, and J. Jill. "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. Uniban is a leading network of glass repair and replacement service centers across North America. Description. Roark Capital Group, an Atlanta-based private equity firm focused on franchise and consumer brands, announced today that its affiliate has acquired Driven Brands, the nation's leading franchise . You can unsubscribe at any time by clicking on the unsubscribe link at the bottom of our emails. 1180 Peachtree Street NE Fax (212) 518-2028 37th Floor 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. By the end of the first year under Roark leadership, 21 new menu items were added. Wingstop has a total market capitalization of a gigantic $4.73 billion! Our portfolio companies span multiple industries including food, restaurants, consumer and business services, health, wellness and fitness, and education and youth activities. Branson, MO 65616-2060. In the book, the character doesnt bow to conventional wisdom and is seen as an authentic innovator. Roark Capital founder Neal Aronson has helped the firm grow to include several premier quick-service companies, including CKE and Arbys. They really know restaurants, says Andy Puzder, chief executive of Carpinteria, Californiabased CKE. Healthy Contributions (Self Esteem Brands), International Car Wash Group (Driven Brands), Seattle's Best International (FOCUS Brands), ServiceMaster Clean (ServiceMaster Brands), ServiceMaster Restore (ServiceMaster Brands), Streamline Brands (Youth Enrichment Brands), U.S. Arbys same-store sales rose 2.8 percent last year and have grown every quarter since Roark acquired the chain. Roark focuses on investments in consumer and business service companies, with a specialization in franchise and franchise-like business models. He follows what he believes.. Who is corner bakery owned by? Inspire Brands is a privately owned equity company that falls under the management of Roark Capital Group . Roark Capital Acquires Fitness Connection. [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. If you work your tail off and follow the rules, you can be successful. 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 . Phone (404) 591-5200 Im not sure Id call ourselves experts at this point, but we certainly have a lot of years of study, learning about the industry and through our experiences.. READ MORE, Site Map | Search | Terms of Use | Privacy Policy | Accessibility, Roark Lying on the carpet are two more frames, holding announcements for the latest purchases, Carls Jr. and Hardees, made last December in a deal valued at about $1.7 billion. Meineke provides all regularly scheduled maintenance services, along with repair and replacement of vehicle components. 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. www.roarkcapital.com. Some investors, including university endowments and investment managers, have invested in all three, a sign of Roarks performance. AmeriSpec is a leading franchisor and provider of residential and commercial real estate inspection services. ATLANTA OFFICE Following Roark Capital Group's acquisition of Arby's in 2011, Okeson remained with Arby's as General Counsel while assuming additional senior management responsibilities. Buffalo Wild Wings also owned the Rusty Taco chain. Inspire Brands is the franchisor and operator of the Arbys, Buffalo Wild Wings, Jimmy Johns, SONIC, Dunkin, and Baskin Robbins brands. [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. How a young private equity firm came to own 16 restaurant brands with $11 billion in systemwide sales. Rating. Roark Capital Group acquired Corner Bakery in 2011 from Il Fornaio Corporation. Franchisees trust in the owners rose dramatically. Join the more than 1.5 million industry professionals who get our daily newsletter! . Founded in 1999, KE Camps is the leading operator of day camps for country clubs, The franchisees hated the company, says Romaniello, now a Roark managing partner. Inspire operates Support Centers in Atlanta, Oklahoma City, Champaign, Minneapolis, and Canton, Massachusetts. Responsibilities. We have been slowly and methodically learning as much as we can about restaurants, Romaniello says. 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. refer to our 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 previously announced acquisition of UK-based International Car Wash Group from TDR Capital LLP. 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. Since inception, affiliates of Roark have acquired 105 franchise/multilocation brands which generate approximately $70 billion in system revenues from ~67,700 locations located in 50 states and 89 countries. He has conviction, passion, unbelievable honesty, openness, and hes loyal and trustworthy. U.S. Roark Capital Group is an American private equity firm with over $33 billion in assets under management. The Bar Method is a leading low-impact studio fitness franchise with locations across the US and Canada. The brand offers 8- and 10-inch bundt cakes, Bundtlets and Bundtinis in multiple flavors that are hand-crafted and baked on-site. For over 30 years, Culvers guests have been treated to cooked-to-order food made with farm-fresh ingredients, served with a smile. RB American is the largest Arby's franchisee, operating 370 restaurants across 9 states. 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. 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. Baseball Academy. Roark prides itself on partnering with entrepreneurs and executives who share this vision of growth and success across all stakeholders. The boardroom at Roark Capital Group's 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.There's just one distinction: Two dozen black-framed notices of the private equity firm's acquisitions dot the walls along the narrow sides of the room. If its franchising, it better be great unit-level economics, or a franchisee would never get involved in it.. us for more details. Lines and paragraphs break automatically. NEW YORK OFFICE Jimmy John's is one of the largest sandwich chains in the US. CKE is one of the world's largest franchisors and operators of quick-service restaurants under the Carls Jr. and Hardees brand banners.