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. Fax (404) 591-5201 Thats key. The deal specifies that Ginsberg and Aronson are locked up for 60 days from trying to amass a controlling interest in Cheesecake. The five times weekly e-newsletter that keeps you up-to-date on the latest industry news and additions to this website. When typing in this field, a list of search results will appear and be automatically updated as you type. Roark differs in many ways from other private equity companies. Roark Capital founder Neal Aronson has helped the firm grow to include several premier quick-service companies, including CKE and Arbys. 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 . Culver's is a family-favorite restaurant known for their ButterBurgers, Fresh Frozen Custard & Wisconsin Cheese Curds. Roark is an Atlantabased private equity firm with $33 billion in assets under management. There hadnt been a new flavor in five years or a new product in eight. 1-800 Radiator is the largest franchised automotive parts distributor in North America. In 2016 Liautaud sold a majority share in the company to Roark Capital. Focus added Schlotzskys in 2006, Moes Southwest Grill in 2007, and Auntie Annes in 2010. You don't drive past their logos every time you leave the house. 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. We like growth, and were looking to invest in growth.. [21][22] The acquisition was completed on December 15, 2020. The firings came Most compete in the quick-service sector, far downmarket from Cheesecakes turf. Inspire Brands and Roark Capital Group own Arby's. The two companies are the parent organizations of Arby's. Inspire Brands is an American holding company and the owner and franchiser of many food industry companies, such as Arby's, Buffalo Wild Wings, Sonic Drive-In, Jimmy John's, Rusty Taco, and others. Nation's Restaurant News is part of the Informa Connect Division of Informa PLC. Is Arby's Roast Beef real or processed meat? Stronger U is a digital, personalized nutrition-based health coaching services brand. Roark Capital is an Atlanta-based private equity firm. He plans to structure the company similar to Hilton Hotels & Resorts. Naf Naf Grills website lists 39 locations in eight states, including Illinois, Indiana, Minnesota, New Jersey, Ohio, Pennsylvania, Tennessee and Wisconsin. 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. The purchases were financed primarily through Roarks first private equity fund. Phone (404) 591-5200 Driven Brands has more than 2,000 centers across North America, and combined, all businesses generate more than $2.1 billion in system sales. www.roarkcapital.com, Roark How are the unit-level economics? In 1996 Take 5 designed the first "5 Minute Drive-Thru Oil Change" location. Baseball Academy (Youth Enrichment Brands), U.S. Sports Camps (Youth Enrichment Brands), Roark portfolio company, Youth Enrichment Brands, acquires i9 Sports. Fitness Connection is a leading player in the "High Value, Low Price (HVLP)" segment of the fitness industry. Inspire Brands is majority-owned by affiliates of Roark Capital Group. Roark Capital Group is an Atlanta-based private equity firm with more than $1.5 billion in equity capital under management. 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. Please 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. Self Esteem Brands is the parent company of Anytime Fitness, Basecamp Fitness, The Bar Method, Waxing the City, Stronger U, and Healthy Contributions. 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. Orangetheory Fitness is one of the largest and fastest growing franchisors in the studio-based fitness market. . Atlanta, Georgia 30309 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 . Although CKE has debtthe company refinanced $1 billion last yearAronson says its very manageable. We are delighted to be a part of the Roark family. Roark ATLANTA OFFICE 1180 Peachtree Street NE Suite 2500 Atlanta, Georgia 30309 Phone (404) 591-5200 Fax (404) 591-5201 www.roarkcapital.com. Jimmy John's is one of the largest sandwich chains in the US. In the book, the character doesnt bow to conventional wisdom and is seen as an authentic innovator. Neal K Aronson is Managing Partner/Founder at Roark Capital Group. Youth Enrichment Brands encompasses US Sports Camps, i9 Sports, Streamline Brands, and U.S. "We are excited to partner with Roark, an experienced investor in growing multi-unit businesses, to help us accelerate ICWG's growth," said Mike Smith, Executive Chairman of ICWG. Cinnabon and some franchising rights for Seattles Best Coffee were then acquired in 2004. ABRA is a leading network of franchised automotive collision repair shops. Inspire Brands is the franchisor and operator of the Arbys, Buffalo Wild Wings, Jimmy Johns, SONIC, Dunkin, and Baskin Robbins brands. Auntie Anne's menu includes hand-rolled soft pretzels baked in-store, Pretzel Nuggets, beverages (including signature lemonade) and Pretzel Dogs. In 1995, he helped launch U.S. 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. 540 Madison Ave That's because we've stayed true to our core beliefs, our approach to investing and our commitment to community. us for more details. Take 5 Oil Change represents the 5th acquisition for Driven Brands in the year since Roark Capital acquired the business, expanding the collective brands' footprint to more than 2,000 locations in the U.S. About Driven BrandsDriven Brands, headquartered in Charlotte, NC, is the parent company of North America's leading automotive aftermarket brands across four distinct verticals: Repair & Maintenance, housing Meineke Car Care Centers and Merlin 200,000 Mile Shops; Paint & Collision, housing Maaco, CARSTAR North America and Drive N Style; Distribution, housing 1-800-Radiator & A/C; and Quick Lube, housing Pro Oil Change, Econo Lube N' Tune, Driven Florida Lubes and Take 5 Oil Change. Suite 2500 The things that were wrong we saw as fixable, as long as we had time, Aronson says, noting that a private company has that luxury. Uniban is a leading network of glass repair and replacement service centers across North America. The boardroom at Roark Capital Groups 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. Roark Capital Group acquired Corner Bakery in 2011 from Il Fornaio Corporation. 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. FOCUS Brands is also the franchisor of Seattle's Best Coffee on certain military bases and in certain international markets. He follows what he believes.. Luther is Arbys chairman. The Company provides a comprehensive suite of services primarily to retail, fleet, and industrial consumers. 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 Capital Group Affiliates. 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. An arm of Atlanta-based Roark Capital Group plans to buy ServiceMaster Brands for $1.55 billion within 30 to 60 days. Founded in 1999, KE Camps is the leading operator of day camps for country clubs,
Driven Brands is the largest automotive services company in North America. Romaniello became the operating partner, and Hill was added as vice president of franchising and foodservice. 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. 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. READ MORE, Roark was named after Howard Roark, the protagonist in Ayn Rand's book The Fountainhead. Culver's is a family-favorite restaurant known for their ButterBurgers, Fresh Frozen Custard & Wisconsin Cheese Curds. 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. What company owns Jimmy Johns? Jul 22, 2013, 08:00 ET. 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 . Previously, Okeson was a partner at Alston & Bird LLP in Atlanta, Georgia, where he spent 15 years specializing in corporate governance, mergers and acquisitions . Theyre all different, and so I think weve gotten better at it, he says. 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. Fax (404) 591-5201 US Sports Camps is the nations leading youth sports camp company, serving more than 100,000 campers across 1,200+ camps in 48 states. 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. McAlister's is a franchise chain of quick casual restaurants offering a variety of sandwiches, salads, soups, wraps and desserts. U.S. Roark Capital Group is an American private equity firm with over $33 billion in assets under management. 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. 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. 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. When Darden sold Red Lobster in 2014, it was to Golden Gate Capital, who also owned Romano's Macaroni Grill from 2008 to 2013. | Roark is an Atlantabased private equity firm with $35 billion in assets under management. Who owns capital music group? Here's what Roark is offering, and what this means for the company, its shareholders and the struggling restaurant industry. 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. Dunkin is famous for its combination of high-quality coffees, espresso beverages, baked goods, and breakfast sandwiches served all day with fast, friendly service. Site Map | Search | Terms of Use | Privacy Policy | Accessibility, Roark Contact Ron Ruggless at [emailprotected], /sites/all/themes/penton_subtheme_nrn/images/logos/footer.png. 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. Known as 'America's Bodyshop', Maaco is a leading provider of auto painting and light collision repair services. 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. Visit Website. About Roark Capital Group. If capital and expertise are needed to help the brands grow, well provide that.. 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.