NEW YORK OFFICE Now that you know who owns Wingstop, it probably doesn't come as a surprise that the original owner, Antonio Swad had been in the restaurant business since . Others acquire companies, do some financial engineering, and then flip them after a few years. Private equity often involves deals of dizzying size to buy companies your average consumer has never heard of. Romaniello became the operating partner, and Hill was added as vice president of franchising and foodservice. About Take 5 Oil ChangeTake 5 Oil Change has been serving customers for more than 30 years. For 91 years, we've been helping people take control of their financial futures. Roark Capital Group is an Atlanta-based private equity firm with over $6 billion in equity capital. ", 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. Roark Capital Group finalized its deal to acquire Buffalo Wild Wings for $2.9 billion on February 5. Jimmy still owns 35%. It was founded by Jimmy John Liautaud in 1983 and is headquartered in Champaign, Illinois. Theyre all different, and so I think weve gotten better at it, he says. It comes down to a few basic principles treat everyone the way you want to be treated, always do what you say, and always do what is right and long-term smart regardless of conventional wisdom, even when its really hard and when no one is looking. We want to partner with entrepreneurs and executives who share this vision. If its franchising, it better be great unit-level economics, or a franchisee would never get involved in it.. It is part of Flynn Restaurant Group which also operates 441 . Roark also owns nearly a dozen non-eatery franchise businesses. 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. With the acquisition of ICWG, affiliates of Roark have acquired 61 multi-unit brands which combined generate annual system revenues of approximately $25 billion from 28,000 locations in 50 states and 78 countries. For more information, visit www.DrivenBrands.com. [10][19] The deal closed on October 18, 2019. Known as 'America's Bodyshop', Maaco is a leading provider of auto painting and light collision repair services. Contact Ron Ruggless at [emailprotected], /sites/all/themes/penton_subtheme_nrn/images/logos/footer.png. 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. Pet Supermarket is the largest specialty retailer of pet food and pet-related supplies based in the southeastern US. Atlanta, Georgia 30309 Nov 2009 - Dec 202213 years 2 months. Jimmy John's Franchise, LLC is an American franchised sandwich fast food restaurant chain owned by Inspire Brands. 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 . refer to our Contributions to 527s are not included in the Individuals, PACs, Soft (Indivs), or Soft (Orgs) columns, so the sum of these columns may not equal the Total column. The transaction will apparently not cost Paul Ginsberg, Roark Capitals president, his seat on Cheesecakes board. Merry Maids is a leading franchisor and provider of home cleaning services. The purchases were financed primarily through Roarks first private equity fund. This outlook helps makes Roark successful, says Lex Lane, Wingstop franchisee and vice president and business development officer at United Capital Business Lending in suburban Baltimore. We look first at the brand and the company, he says. Maintaining Automated Tests in TAF for V1 platform for API testing The brand offers 8- and 10-inch bundt cakes, Bundtlets and Bundtinis in multiple flavors that are hand-crafted and baked on-site. We dont know when yet, but it will happen, he says. He now owns the Gulfstream G-IV with registration . As a private equity company, we will need to, and will divest companies, Aronson says. Roark managing partner Neal Aronson will retain control of a 4.6% stake. Baseball Academy (Youth Enrichment Brands), U.S. Sports Camps (Youth Enrichment Brands), Roark Portfolio Employees Assistance Fund. The five times weekly e-newsletter that keeps you up-to-date on the latest industry news and additions to this website. 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. The moves largely undo Roarks $200 million equity investment in Cheesecake back in April 2020, when the pandemic was just beginning. New York, NY 10022 Still, Arbys core attributes lined up for Roark, including the brand differentiation, great history, a large and loyal customer base, good locations, and upside potential. 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. 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 Chicago-based company did not disclose terms of the deal or the identity of the investor group. "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. The firms first acquisition was Carvel in 2001 for $26 million. Registered in England and Wales. Neal K Aronson is Managing Partner/Founder at Roark Capital Group. Dunkin is famous for its combination of high-quality coffees, espresso beverages, baked goods, and breakfast sandwiches served all day with fast, friendly service. We like growth, and were looking to invest in growth.. 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. We want CKE to reach their potential, just like all of Roarks other brands, he says. 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. www.roarkcapital.com, Roark Jimmy John's is one of the largest sandwich chains in the US. Jul 22, 2013, 08:00 ET. Driven Brands is the largest automotive services company in North America. 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. serving 10,000+ campers per year. Phone (212) 806-6000 Massage Envy is the leading provider of therapeutic massage and skincare services in the U.S. Founded in 2006, Streamline Brands is a leading franchisor and A massive private equity firm, Atlanta-based Roark owns varied franchise brands including Anytime Fitness and Massage Envy, along with Inspire Brands and Focus . In addition to the franchise brands it owns, the Italian company also designs, makes and distributes fashion, luxury and sports eyewear under almost 20 brand names such as Ray-Ban . Responsibilities. . Fitness Connection is a leading player in the "High Value, Low Price (HVLP)" segment of the fitness industry. serving 10,000+ campers per year. . Self Esteem Brands is the parent company of Anytime Fitness, Basecamp Fitness, The Bar Method, Waxing the City, Stronger U, and Healthy Contributions. Merry Maids is a leading franchisor and provider of home cleaning services. 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. Founded in 1999, KE Camps is the leading operator of day camps for country clubs, None were restaurants. Theres also Green Burrito and Red Burrito, which cobrand with some Carls Jr. and Hardees, while Roark also franchises Seattles Best Coffee internationally. [24], Inspire received Franchise Times 2019 Dealmaker of the Year award for its acquisitions of Buffalo Wild Wings and Sonic Drive-In.[25]. The following year, Focus Brands was formed to hold Roarks foodservice acquisitions. Roark ATLANTA OFFICE 1180 Peachtree Street NE Suite 2500 Atlanta, Georgia 30309 Phone (404) 591-5200 Fax (404) 591-5201 www.roarkcapital.com. Roark focuses on franchised and multi-unit business models in the retail, restaurant, consumer and business services sectors. In 1996 Take 5 designed the first "5 Minute Drive-Thru Oil Change" location. 2023 PitchBook. There was talent at Carvel that Cinnabon could benefit from, and talent at Cinnabon that Carvel could use.. 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. Take 5 Oil Change is the market leader in speed and quality, and is the fastest growing quick lube chain in the country. 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. Thats key. Sign up to receive texts from Restaurant Business on news and insights that matter to your brand. www.roarkcapital.com, Roark 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. Naf Naf Grills website lists 39 locations in eight states, including Illinois, Indiana, Minnesota, New Jersey, Ohio, Pennsylvania, Tennessee and Wisconsin. The firm also provides the capital for operators to reach their goals. Global network of franchises providing janitorial services, carpet cleaning, hard surface floor care, tile and grout cleaning, and upholstery cleaning. The Company provides a comprehensive suite of services primarily to retail, fleet, and industrial consumers. Driven Brands has more than 2,000 centers across North America, and combined, all businesses generate more than $2.1 billion in system sales. ICWG operates under the IMO banner in Europe and Asia-Pacific. [14] In September 2018, Inspire had the 27-location R Taco reverted to the Rusty Taco name. The remaining 50,000 preferred Cheesecake shares will be converted to 2,448,381 common shares of the casual-dining company. AmeriSpec is a leading franchisor and provider of residential and commercial real estate inspection services. Their total assets, however, are around $250 million. The company is in growth mode, targeting eight to 10 new openings a year. 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. READ MORE, Invest in Good is Roarks multi-faceted commitment to long-term social impact initiatives. Roark owns a huge stable of franchised restaurant brands through its two main holdings, Focus Brands and Inspire Brands. Founded in 1988, U.S. Founded in 2001, Roark Capital Group is a private equity firm based in Atlanta, Georgia. We have been slowly and methodically learning as much as we can about restaurants, Romaniello says. Roark focuses on franchised and multi-unit business models in the retail, restaurant, consumer and business services sectors. Bosley's is the leading pet food retail chain in British Columbia specializing in holistic and specialty brands with a focus on pet health and wellness. They really know restaurants, says Andy Puzder, chief executive of Carpinteria, Californiabased CKE. We believe that successful partnerships begin with providing a compelling value proposition to all business constituencies. Uniban is a leading network of glass repair and replacement service centers across North America. Roark Capital Group serves customers in the United States. 37th Floor U.S. Roark Capital Group is an American private equity firm with over $33 billion in assets under management. For more information visit www.roarkcapital.com. US Sports Camps is the nations leading youth sports camp company, serving more than 100,000 campers across 1,200+ camps in 48 states. Article continues below . Driven manages a family of automotive brands including ABRA, CARSTAR, Maaco, Meineke, Take 5, Uniban, 1-800 Radiator, and others. Bill Derwin, CEO of ICWG, said, "Roark brings a deep understanding of the consumer and an operational expertise that complements our business. READ MORE, Site Map | Search | Terms of Use | Privacy Policy | Accessibility, Roark 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. . Who is the CEO of Sonic? In the announcement, ServiceMaster says: "The transaction will position the . . Furniture Medic is a global leader and franchisor in the furniture repair and restoration industry. Fax (212) 518-2028 Founded in 1965, ICWG is the world's largest conveyor car wash company currently operating in 14 countries around the globe, washing more than 35 million cars every year through a network of more than 900 locations. 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. Inspire Brands is the franchisor and operator of the Arbys, Buffalo Wild Wings, Jimmy Johns, SONIC, Dunkin, and Baskin Robbins brands.