As of 2021, Wingstop makes a net income of about $42 million a year. Merry Maids is a leading franchisor and provider of home cleaning services. 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. The company is in growth mode, targeting eight to 10 new openings a year. Roark Capital Group - Crunchbase Investor Profile & Investments Roark Capital Group Acquires Miller's Ale House - PR Newswire Roark ATLANTA OFFICE 1180 Peachtree Street NE Suite 2500 Atlanta, Georgia 30309 Phone (404) 591-5200 Fax (404) 591-5201 www.roarkcapital.com. Buffalo Wild Wings' Owner Has Diverse Empire - Business Insider Roark Capital Group Investor Profile: Portfolio & Exits | PitchBook 11.16.21 ROARK INVESTMENT Roark Capital Acquires Mathnasium READ MORE . Franchisees trust in the owners rose dramatically. Baseball Academy. Cheesecake Factory buys most of Roark's stake for $457M Luther is Arbys chairman. Roark Capital Group serves customers in the United States. Waxing the City is a growing network of waxing studios with an emphasis on superior waxes, highly-trained staff, and compassionate customer service. 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. Roark Capital Group specializes in franchises in the food service, retail and consumer services industries. Become a Restaurant Business member today and unlock exclusive benefits, including unlimited access to all of our content. Atlanta, Georgia 30309 Fitness Connection is a leading player in the "High Value, Low Price (HVLP)" segment of the fitness industry. Jimmy John's is one of the largest sandwich chains in the US. U.S. Roark Capital Group is an American private equity firm with over $33 billion in assets under management. Cheesecake opted to trade 200,000 shares of preferred stock to Roark for $200 million, Bojangles makes no bones about its future, Pollo Tropical starts the year off with more customers and better profits, For Wendy's, keeping pace with competitors is harder than it looks, Jack in the Box reaches a 'turning point' in its bid for growth, Chevys Fresh Mex owner adds 2 more brands to portfolio. They did some digging, and went straight to the source: Arby's Quality Assurance. Later acquisitions were made with capital from the second and third investment funds. Baseball Academy. When I talked to Jack, he yelled at me and shamed me into starting Roark, Aronson says. 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. What company owns Jimmy Johns? How Roark Capital's Neal Aronson won over franchisees to build a $54 billion fast-food juggernaut with brands like Arby's, Dunkin', and Buffalo Wild Wings. The Untold Truth Of Miller's Ale House - Mashed.com 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. Jimmy John's and Rusty Taco parent company has completed its acquisition of Dunkin' Brands Group for $11.3 billion (or . The Bar Method is a leading low-impact studio fitness franchise with locations across the US and Canada. We earn trust by abiding by the highest moral standards and treating our investors, management teams, lenders, advisors, service providers and communities with dignity and respect. Investor Spotlight: Roark Capital Group, where Ayn Rand meets Arby's I agree to receive PitchBook Data's electronic newsletters, updates, promotions and related messages Cheesecake only franchises abroad, and on a limited basis, and it is positioned squarely in the upper echelon of casual dining. 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. Theres also Green Burrito and Red Burrito, which cobrand with some Carls Jr. and Hardees, while Roark also franchises Seattles Best Coffee internationally. We believe that successful partnerships begin with providing a compelling value proposition to all business constituencies. Did inspire brands buy jimmy johns? Inspire Brands - Wikipedia The brand offers one of the most innovative and diverse menus in the quick-service restaurant industry, with more than 30 unique sandwiches and 8 different types of protein. www.roarkcapital.com, Roark Ask the Restaurant Legal Professionals: What to Know When Hiring Minors, Starbucks' Next Big Innovation: Coffee Infused with Olive Oil, FDA Food Code Update, and its Impact on Quick Service, The Future of Fast Casual in 2023 and Beyond, 40 Million People Downloaded McDonalds App in 2022, Sweetgreen Alters Growth Strategy for Sake of Profitability, Legendary Pitmaster Pat Martin Comes Back Swinging, Pals Success and Longevity is Anything but Sudden, Jack in the Boxs Development Reaches Turning Point, Wendy's Entices Operators with New Investment Opportunity, How Restaurants Can Use Location Data to Boost Efficiency, 5 Ways Software Can Improve Restaurant Operations, Why its Time to Pay Attention to Loyalty Capture Rate, Focus Brands Exec Shares How to Transform Your Supply Chain, Experiential Offers Unlock True Loyalty for Restaurant Brands, Inside Smoothie Kings Transformation to a Healthy Lifestyle Brand, The Missing Puzzle Piece of the Workforce Crisis, How Restaurants Can Develop a Recession-Proof Recruitment Strategy, Burger King Parent CEO Jose Cil to Step Down, From Resignation to Retention: The Evolution of the Labor Market, FAT Brands Knows Exactly How to Remove its Debt, Starbucks Teases Game-Changer as Sales Rocket Higher, Chipotle Vet Forms Multi-Brand Platform for Rising Fast Casuals, South Block Grows Thanks to Strong Community Ties, Daddy's Chicken Shack Finds the Perfect Chemistry, Portillo's First Texas Unit is Earning $48K Per Day, Inside Steak n Shakes Winding Road Back, Dutch Bros Fine-Tunes Rewards Program, But Buzz Remains Same, We Asked AI How to Properly Open a Ghost Kitchen. 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. We want to partner with entrepreneurs and executives who share this vision. Maintaining Automated Tests in TAF for V1 platform for API testing For 91 years, we've been helping people take control of their financial futures. The acquisitions are a team effort, Hill says, relying on Roarks operational, financial, and other resources. Founder & Chief Executive Officer. "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. Buffalo Wild Wings Takes Flight On Buyout Offer 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. Cinnabon is an American chain of bakeries known for their "World Famous Cinnamon Rolls.". Roark Capital Group General Information. Site Map | Search | Terms of Use | Privacy Policy | Accessibility, Roark They really know restaurants, says Andy Puzder, chief executive of Carpinteria, Californiabased CKE. 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. Baseball Academy (Youth Enrichment Brands), U.S. Sports Camps (Youth Enrichment Brands), Roark portfolio company, Youth Enrichment Brands, acquires i9 Sports. Here's what Roark is offering, and what this means for the company, its shareholders and the struggling restaurant industry. [16], Inspire Brands on September 25, 2018 announced that it was buying Oklahoma City-based Sonic Drive-In for $2.3 billion. The securities filing states that Aronson will have the discretion to manage the shares as he sees fit. Take 5 is a leading provider of oil change services through a convenient drive-thru format with fast, friendly customer experience. Roark Capital Acquires ServiceMaster for $1.5 Billion For over 30 years, Culvers guests have been treated to cooked-to-order food made with farm-fresh ingredients, served with a smile. Jamba is a category-leading smoothie and juice chain that offers a variety of high quality smoothies, juices, bowls and other products. Fax (212) 518-2028 Howard Roarks characteristics led to Roark Capitals 12 core values, including commitment, integrity, collaboration, and accountability. You can unsubscribe at any time by clicking on the unsubscribe link at the bottom of our emails. 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. 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. I called Neal and said, What have you gotten me into? Romaniello says. Stronger U is a digital, personalized nutrition-based health coaching services brand. Arbys is the largest drive-thru sandwich chain in the United States. 37th Floor Roark focuses on middle-market investment opportunities through family-owned business transfers, anagement/corporate buyouts, recapitalizations, going-private transactions, and corporate divestitures. Aronson began his career in investment banking and private equity in New York, working for several firms, including hedge fund Odyssey Partners. Was decided. 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. ", 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.". Fax (404) 591-5201 [14] In September 2018, Inspire had the 27-location R Taco reverted to the Rusty Taco name. The firm seeks to invest in consumer and business service companies in the restaurant, specialty retail, consumer and business services, and health, wellness, and beauty sectors. . 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. Roark Capital to buy Buffalo Wild Wings for $2.9 billion - CNBC Theyre very entrepreneurial., Besides, he says, theyre just plain good guys.. Driven manages a family of automotive brands including ABRA, CARSTAR, Maaco, Meineke, Take 5, Uniban, 1-800 Radiator, and others. Founded in 1972, Meineke is an automotive aftermarket industry pioneer and leading provider of repair and maintenance services. Affiliates of Roark Capital Group have sold the Dallas-based Corner Bakery Cafe brand to Pandya Restaurant Growth Brands LLC, the companies said Thursday. The firm has $3 billion in capital under management, raised through three successively larger private-equity funds. Atlanta-based private-equity Roark Capital Group invested in the concept in 2015. www.roarkcapital.com, Roark 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. Meineke provides all regularly scheduled maintenance services, along with repair and replacement of vehicle components. The Company provides a comprehensive suite of services primarily to retail, fleet, and industrial consumers. Our Core Values have always guided the ways we support our people, businesses, and community, and guide us in how we Invest in Good. Later on, it was sold to the Roark Capital Group back in 2010. 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 Portfolio Company Driven Brands Acquires Take 5 Oil Change Cheesecake opted to trade 200,000 shares of preferred stock to Roark for $200 million. 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.
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