The Rinse-and-Repeat Franchise Model That Makes This Couple $25 Million There hadnt been a new flavor in five years or a new product in eight. Roark's portfolio companies - Business Insider Flower Child is a growing, fast casual restaurant offering a customizable menu, made fresh from scratch, featuring locally-sourced, all-natural and organic ingredients. Roark ATLANTA OFFICE 1180 Peachtree Street NE Suite 2500 Atlanta, Georgia 30309 Phone (404) 591-5200 Fax (404) 591-5201 www.roarkcapital.com. CHARLES WEST Net Worth $400 Million House Yacht Auntie Anne's menu includes hand-rolled soft pretzels baked in-store, Pretzel Nuggets, beverages (including signature lemonade) and Pretzel Dogs. Roark Capital Group Acquires International Car Wash Group - PR Newswire That's because we've stayed true to our core beliefs, our approach to investing and our commitment to community. He plans to structure the company similar to Hilton Hotels & Resorts. ServiceMaster will rename itself Terminix, sell Brands segment McAlister's is a franchise chain of quick casual restaurants offering a variety of sandwiches, salads, soups, wraps and desserts. 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. Fax (404) 591-5201 Atlanta, Georgia 30309 Author has 4.2K answers and 3.1M answer views. Roark Capital to buy Buffalo Wild Wings for $2.9 billion - CNBC Roark focuses on franchised and multi-unit business models in the retail, restaurant, consumer and business services sectors. While the firm has not sold any of its restaurant companies yet, that time will come. New York, NY 10022 Roark NEW YORK OFFICE 540 Madison Ave 37th Floor New York, NY 10022 Phone (212) 806-6000 Fax (212) 518-2028 www.roarkcapital.com Global network of franchises providing residential and commercial restoration services, including water damage, smoke and fire damage, mold remediation, and disaster recovery. The firings came Roark Capital Group is an Atlanta-based private equity firm with over $6 billion in equity capital. The remaining 50,000 preferred Cheesecake shares will be converted to 2,448,381 common shares of the casual-dining company. Roark is an Atlantabased private equity firm with $33 billion in assets under management. READ MORE, Invest in Good is Roarks multi-faceted commitment to long-term social impact initiatives. There was talent at Carvel that Cinnabon could benefit from, and talent at Cinnabon that Carvel could use.. Theres just one distinction: Two dozen black-framed notices of the private equity firms acquisitions dot the walls along the narrow sides of the room. Ron Ruggless | Oct 29, 2020. Roark Capital Group Investor Profile: Portfolio & Exits | PitchBook Roark Capital Acquires Fitness Connection. Roark Capital Group specializes in franchises in the food service, retail and consumer services industries. None were restaurants. Roark Capital Acquires ServiceMaster Brands | ServiceMaster Cinnabon is an American chain of bakeries known for their "World Famous Cinnamon Rolls.". For more information visit www.take5oilchange.com. We like growth, and were looking to invest in growth.. Phone (404) 591-5200 The Take 5 Oil Change management team will remain at the helm, and the headquarters will remain in New Orleans. 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 firm has $3 billion in capital under management, raised through three successively larger private-equity funds. The Cheesecake Factory is reacquiring most of the equity stake held by Buffalo Wild Wings parent Roark Capital in a transaction valued at $457.3 million. Pet Valu is Canada's leading small-format specialty retailer of pet food and supplies, providing a wide selection of high quality pet products, together with friendly customer service and convenient store locations. Schlotzsky's is a chain of quick casual restaurants offering made-to-order sandwiches, soups, salads and pizza. Terms of . Since inception, affiliates of Roark Capital have acquired 52 franchise/multi-unit brands, which generate $20 billion in annual system revenues from 22,000 locations in 50 states and 75 countries. [10][19] The deal closed on October 18, 2019. Suite 2500 Anytime Fitness is the largest fitness franchise in the world, with gym facilities open 24 hours a day, 365 days a year. Pet Supermarket is the largest specialty retailer of pet food and pet-related supplies based in the southeastern US. RB AMERICAN. 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. 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. Jimmy John's is one of the largest sandwich chains in the US. The Cheesecake Factory is an iconic casual dining brand with best-in-class service and high-quality, made-from-scratch food across a diverse menu with over 250 items. Makers of industrial parts and telecom infrastructure providers play a crucial role in the economy, but you don't see their commercials on TV. [9][10], Inspire Brands was formed when Arby's Restaurant Group merged with Buffalo Wild Wings on February 5, 2018. 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. 11.16.21 ROARK INVESTMENT Roark Capital Acquires Mathnasium READ MORE . As the Atlanta-based private equity firm that owns Massage Envy, Roark Capital Group published a plan in 2017 to address the . Driven Brands is the largest automotive services company in North America. Franchise Systems, Aronson interacted regularly with two other executives, Steven Romaniello and Geoff Hill, who would later fill important operating and managing roles at Focus Brands and Roark. The customer is an American company that is an affiliate of the American private equity firm Roark Capital Group which currently owns Schlotzsky's, Carvel, Cinnabon, Moe's Southwest Grill, and McAlister's Deli, Auntie Anne's, and Jamba brands. Members help make our journalism possible. 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. 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. The fast-casual chain started in 1991 in Chicago and launched a franchising program in 2007. 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 Group is an Atlanta-based private equity firm with more than $1.5 billion in equity capital under management. 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. Roark Capital Group - Crunchbase Investor Profile & Investments 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. 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. 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. Basecamp Fitness is a growing network of fitness studios featuring high-intensity and high-energy workout sessions. . who owns sonic Official 2023 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. www.roarkcapital.com. ATLANTA OFFICE Founded in 1934, Carvel is the leading manufacturer of branded ice cream cakes in the United States and a top producer of premium soft-serve ice cream. 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. 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. Its two full-service restaurant chains are Il Fornaio and Millers Ale House. 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. Today, we're one of the world's largest investment management organizations, managing $2.2 trillion.*. Pet Valu is Canada's leading small-format specialty retailer of pet food and supplies, providing a wide selection of high quality pet products, together with friendly customer service and convenient store locations. Disney to cut 7,000 jobs after return of CEO Iger - Worldnews.com Dunkin is famous for its combination of high-quality coffees, espresso beverages, baked goods, and breakfast sandwiches served all day with fast, friendly service. . Sign up here. 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. 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. 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 . Its pretty exciting to be part of helping people realize their dreams, Aronson says of franchising. The Cheesecake Factory is an iconic casual dining brand with best-in-class service and high-quality, made-from-scratch food across a diverse menu with over 250 items. Moe's Southwest Grill is the neighborhood burrito place offering flavorful Southwestern fare with a healthy twist. privacy policy or contact 2023 PitchBook. [18], Inspire Brands announced that it was buying Jimmy John's on September 25, 2019. Theyre all different, and so I think weve gotten better at it, he says. Schlotzsky's is a chain of quick casual restaurants offering made-to-order sandwiches, soups, salads and pizza. Youth Enrichment Brands encompasses US Sports Camps, i9 Sports, Streamline Brands, and U.S. In 1995, he helped launch U.S. I agree to receive PitchBook Data's electronic newsletters, updates, promotions and related messages Latest Addition to Driven Brands Strengthens Leadership Position in Automotive Aftermarket Services Industry. Massage Envy is the leading provider of therapeutic massage and skincare services in the U.S. ", Ezra Field, Senior Managing Director and Chief Investment Officer at Roark, said, "ICWG's quick conveyor car wash model provides high-quality washes at an affordable price point that is attractive to today's consumers who demand convenience and value. New York, NY 10022 ABRA is a leading network of franchised automotive collision repair shops. Driven manages a family of automotive brands including ABRA, CARSTAR, Maaco, Meineke, Take 5, Uniban, 1-800 Radiator, and others. You can unsubscribe at any time by clicking on the unsubscribe link at the bottom of our emails. Was decided. Description. Please 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. Mathnasium is a leading franchisor of math learning centers with over 1,000 locations across 46 states and 12 countries. Jamba is a category-leading smoothie and juice chain that offers a variety of high quality smoothies, juices, bowls and other products. 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. How are the unit-level economics? 540 Madison Ave Founded in 1999, KE Camps is the leading operator of day camps for country clubs, NEW YORK OFFICE Roark Capital Group owns other dining-out favorites, including Arby's, Auntie Anne's, Cinnabon, Carvel Ice Cream, Moe's Southwest Grill, and Wingstop. Waxing the City is a growing network of waxing studios with an emphasis on superior waxes, highly-trained staff, and compassionate customer service. 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. Finally, in 2015, the final answer to the previous question, who owned Wingstop? Fax (404) 591-5201 Furniture Medic is a global leader and franchisor in the furniture repair and restoration industry. READ MORE, Site Map | Search | Terms of Use | Privacy Policy | Accessibility, Roark ", 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.".