SONIC is the largest drive-in chain in the United States, well-known for its unique drive-in format, carhop service model, and broad menu of food and beverages with over 1.3 million drink combinations. Roark Capital Portfolio Company Driven Brands Acquires Take 5 Oil Change 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. He plans to structure the company similar to Hilton Hotels & Resorts. Founded in 1983, Jimmy John's offers high-quality sandwiches with rapid preparation. Stronger U is a digital, personalized nutrition-based health coaching services brand. Cinnabon is an American chain of bakeries known for their "World Famous Cinnamon Rolls.". Its pretty exciting to be part of helping people realize their dreams, Aronson says of franchising. Driven Brands is the largest automotive services company in North America. [9] On August 28, 2018, Georgia Governor Nathan Deal announced that Inspire was moving its headquarters to Sandy Springs, Georgia in 2019. NEW YORK OFFICE Arbys same-store sales rose 2.8 percent last year and have grown every quarter since Roark acquired the chain. Furniture Medic is a global leader and franchisor in the furniture repair and restoration industry. 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. NEW YORK OFFICE Makers of industrial parts and telecom infrastructure providers play a crucial role in the economy, but you don't see their commercials on TV. There hadnt been a new flavor in five years or a new product in eight. Roark :: Current Investments - Roark Capital Group Fax (404) 591-5201 Known as 'America's Bodyshop', Maaco is a leading provider of auto painting and light collision repair services. Latest Addition to Driven Brands Strengthens Leadership Position in Automotive Aftermarket Services Industry. Automotive Training Institute (ATI) is a leading provider of financial and operational training series to the automotive repair and maintenance and paint and collision markets. Driven manages a family of automotive brands including ABRA, CARSTAR, Maaco, Meineke, Take 5, Uniban, 1-800 Radiator, and others. Roark Capital Group, that currently owns the Schlotzsky's, Carvel, Cinnabon, Moe's Southwest Grill, McAlister's Deli, Auntie Anne's and Jamba brands. 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. All of those characteristics have helped turn Roark into one of the biggest influencers in the quick-service industry. Waxing the City is a growing network of waxing studios with an emphasis on superior waxes, highly-trained staff, and compassionate customer service. So far, it seems the risk is paying off. ORLANDO, Florida: Under recently reinstated CEO Bob Iger, Walt Disney Co. announced this week that it is cutting 7,000 jobs, or 3.6 percent of the company's global workforce, to save $5.5 billion in costs and seek to make its streaming business profitable. Roark prides itself on being a trusted partner for management and business owners. Site Map | Search | Terms of Use | Privacy Policy | Accessibility, Roark The purchase of the burger chains parent, CKE Inc., which has nearly 3,450 units around the world, is Roarks biggest deal yet, and it solidified the 13-year-old firms position as one of the worlds largest limited-service dining companies. Founded in 1999, KE Camps is the leading operator of day camps for country clubs, Roark's current brands include Anytime Fitness, Arby's, Atkins Nutritionals, Batteries Plus Bulbs, Carl Jr.'s, Corner Bakery, Driven Brands, FOCUS Brands (the owner of Auntie Anne's Pretzels, Carvel Ice Cream, Cinnabon, McAlister's Deli, Moe's Southwest Grill, and Schlotzsky's), Hardee's, Il Fornaio, Massage Envy, Miller's Ale House, Money Mailer, Naf Naf Grill, Orangetheory Fitness, Pet Supermarket, Pet Valu, Primrose Schools, Quala, Waxing the City, and Wingstop. Ron Ruggless | Oct 29, 2020. Later on, it was sold to the Roark Capital Group back in 2010. Similar Questions. Corner Bakery Cafe sells to Boston Market owner Pandya "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.". When I talked to Jack, he yelled at me and shamed me into starting Roark, Aronson says. 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 . 8 Secrets Buffalo Wild Wings Doesn't Want You to Know The firms first acquisition was Carvel in 2001 for $26 million. CARSTAR is the largest franchise network of automotive collision repair shops in North America. Take 5 CEO Marc Graham, who headed Take 5 Oil Change as CEO since 2013 and has more than 40 years of experience in the automotive aftermarket, will lead the Driven Brands Quick Lube division. RB AMERICAN. The Company provides a comprehensive suite of services primarily to retail, fleet, and industrial consumers. Installation Made Easy coordinates the lead generation, sale, and installation of do-it-for-me home improvement projects on a nationwide basis on behalf of several of America's most respected home improvement and general merchandise "Big Box" retailers. About Take 5 Oil ChangeTake 5 Oil Change has been serving customers for more than 30 years. Roark Capital Group owns other dining-out favorites, including Arby's, Auntie Anne's, Cinnabon, Carvel Ice Cream, Moe's Southwest Grill, and Wingstop. Roark Capital Acquires Fitness Connection - prnewswire.com 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. In 2006, Brinker sold the company ( but still owns Maggiano's ), and Corner Bakery Cafe began franchising a year later. Anytime Fitness is the largest fitness franchise in the world, with gym facilities open 24 hours a day, 365 days a year. Texas-based Corner Bakery Caf files for Chapter 11 bankruptcy Roark's portfolio companies - Business Insider [21][22] The acquisition was completed on December 15, 2020. 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. Phone (404) 591-5200 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. Fax (404) 591-5201 Suite 2500 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. They keep their companies autonomous, but they understand how to control costs and focus on getting the profit margins up.. | Roark is an Atlantabased private equity firm with $35 billion in assets under management. You can unsubscribe at any time by clicking on the unsubscribe link at the bottom of our emails. Inspire Brands - Wikipedia . Is Arby's Roast Beef real or processed meat? Roark Capital is an Atlanta-based private equity firm. Suite 2500 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 . Driven Brands manages a family of automotive companies including Maaco, Meineke Car Care Centers, CARSTAR North America, 1-800 Radiator & A/C, which collectively generate annual system revenues of more than $2.1 billion. Others acquire companies, do some financial engineering, and then flip them after a few years. 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 . International Car Wash Group is the world's largest local car wash company, with operations in the U.S., Europe and Australia. ATLANTA OFFICE The five times weekly e-newsletter that keeps you up-to-date on the latest industry news and additions to this website. U.S. Roark Capital Group is an American private equity firm with over $33 billion in assets under management. Roark managing partner Neal Aronson will retain control of a 4.6% stake. 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. The Company focuses on management of buy-outs, acquisitions, mergers, recapitalizations, restructuring . The buyback more than doubled Roark's initial investment. ICWG operates under the IMO banner in Europe and Asia-Pacific. Become a Restaurant Business member today and unlock exclusive benefits, including unlimited access to all of our content. 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. 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. When typing in this field, a list of search results will appear and be automatically updated as you type. Dunkin is famous for its combination of high-quality coffees, espresso beverages, baked goods, and breakfast sandwiches served all day with fast, friendly service. Primrose Schools is a leading franchisor of pre-K schools providing high quality educational programs for children 6 weeks to 5 years old and after-school learning programs for 6 to 12 year olds. Roark Capital Group acquired Corner Bakery in 2011 from Il Fornaio Corporation. That is part of our obligation to our investors.. They understand franchising, and they know brands and understand branding. 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. Arbys is the largest drive-thru sandwich chain in the United States. We want CKE to reach their potential, just like all of Roarks other brands, he says. Roark focuses on franchised and multi-unit business models in the retail, restaurant, consumer and business services sectors. Rick Ross Wingstop - Everything Should Know Reverb Press Who Owns Wingstop? All About the Chicken Wing Chain In the multi-step deal spelled out in Mondays SEC filings, Roark will distribute 150,000 of its 200,000 preferred Cheesecake shares to three subsidiaries. [20], Inspire Brands on October 25, 2020 announced that it was buying Dunkin' Brands for $11.3 billion. Roark bought control of Arbys for $430 million in cash and debt, despite 2010 results that one analyst dubbed amongst the worst in modern restaurant history.. We look forward to partnering and helping accelerate their growth plans. Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world. The firm also provides the capital for operators to reach their goals. For over 30 years, Culvers guests have been treated to cooked-to-order food made with farm-fresh ingredients, served with a smile. [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. 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. 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. 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. As of 2021, Wingstop makes a net income of about $42 million a year. Founded in 1972, Meineke is an automotive aftermarket industry pioneer and leading provider of repair and maintenance services.
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