Roark Capital Acquires ServiceMaster Brands. We learn a lot from every company we evaluate, and then as we work with the companies., Making an acquisition is just the ticket to play, he adds. We dont know when yet, but it will happen, he says. Roark Capital | 12,241 followers on LinkedIn. EPAM Anywhere hiring Senior Automation Tester in Armenia | LinkedIn Roark focuses on investments in consumer and business service companies, with a specialization in franchise and franchise-like business models. In October 2020, Pandya Restaurant Growth Brands, part of Rohan Group of Cos., owned by real estate investor and restaurant operator Jignesh Pandya of Newtown, Pennsylvania, acquired Corner Bakery . Environmental, Social and Governance (ESG), HVAC (Heating, Ventilation and Air-Conditioning), Machine Tools, Metalworking and Metallurgy, Aboriginal, First Nations & Native American. The fast-casual chain started in 1991 in Chicago and launched a franchising program in 2007. 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. Roark also owns nearly a dozen non-eatery franchise businesses. 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. When typing in this field, a list of search results will appear and be automatically updated as you type. How a young private equity firm came to own 16 restaurant brands with $11 billion in systemwide sales. The buyback more than doubled Roark's initial investment. Roark Capital Group serves customers in the United States. We look first at the brand and the company, he says. The firings came Inspire Brands is the franchisor and operator of the Arbys, Buffalo Wild Wings, Jimmy Johns, SONIC, Dunkin, and Baskin Robbins brands. | Roark is an Atlantabased private equity firm with $35 billion in assets under management. 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. Weve been so busy we just havent had the time to put these up yet, says Neal Aronson, Roarks founder and managing partner, smiling down at the frames. Makers of industrial parts and telecom infrastructure providers play a crucial role in the economy, but you don't see their commercials on TV. Roark NEW YORK OFFICE 540 Madison Ave 37th Floor New York, NY 10022 Phone (212) 806-6000 Fax (212) 518-2028 www.roarkcapital.com ATLANTA, Feb. 4, 2019 /PRNewswire/ -- Roark Capital, an Atlanta -based private equity firm focused on investing in multi-unit businesses, announced today . Basecamp Fitness is a growing network of fitness studios featuring high-intensity and high-energy workout sessions. Jamba is a category-leading smoothie and juice chain that offers a variety of high quality smoothies, juices, bowls and other products. Roark Capital Acquires ServiceMaster Brands | Business Wire Roark Capital Group General Information. Roark owns a huge stable of franchised restaurant brands through its two main holdings, Focus Brands and Inspire Brands. Nothing Bundt Cakes is a leading franchisor and operator of gourmet bakeries. Founded in 2001, Roark Capital Group is a private equity firm based in Atlanta, Georgia. Roark Vacation Resort | Better Business Bureau Profile Meineke provides all regularly scheduled maintenance services, along with repair and replacement of vehicle components. Roark NEW YORK OFFICE 540 Madison Ave 37th Floor New York, NY 10022 Phone (212) 806-6000 Fax (212) 518-2028 www.roarkcapital.com 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. It is part of Flynn Restaurant Group which also operates 441 . Take 5 is a leading provider of oil change services through a convenient drive-thru format with fast, friendly customer experience. 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. Roark Capital Group added another brand to its wide-ranging franchise portfolio with the acquisition October 1 of residential and commercial restoration and cleaning services company. Meineke provides all regularly scheduled maintenance services, along with repair and replacement of vehicle components. Who Owns Roark Clothing - BikeHike Who owns roark capital group? Fax (404) 591-5201 Buffalo Wild Wings also owned the Rusty Taco chain. US Sports Camps offering spans 19 different physical sports, Esports, and academic programs for campers ranging from 6 to 18 years old. CHARLOTTE, N.C., March 30, 2016 /PRNewswire/ -- Driven Brands, a portfolio company of Roark Capital and the nation's leading automotive franchisor . 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.. Its two full-service restaurant chains are Il Fornaio and Millers Ale House. Inspire operates Support Centers in Atlanta, Oklahoma City, Champaign, Minneapolis, and Canton, Massachusetts. As chief financial officer at U.S. 1-800 Radiator is the largest franchised automotive parts distributor in North America. 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. Roark Capital Group, that currently owns the Schlotzsky's, Carvel, Cinnabon, Moe's Southwest Grill, McAlister's Deli, Auntie Anne's and Jamba brands. Description. HOME Visit Website. What company owns Jimmy Johns? Naf Naf Grill and an investor group bought out the minority ownership of Roark Capital. [10][19] The deal closed on October 18, 2019. 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. The acquisitions are a team effort, Hill says, relying on Roarks operational, financial, and other resources. Roark has plenty of capital now for its companies needs and to make additional acquisitions, but Aronson can see a fourth private equity fund down the road. Founded in 1975 and headquartered in San Rafael, CA, US Sports camps is the licensed operator of Nike Sports Camps. Roark Capital to buy Buffalo Wild Wings for $2.9 billion - CNBC Did inspire brands buy jimmy johns? Explained by Sharing Culture Merry Maids is a leading franchisor and provider of home cleaning services. CHARLES WEST Net Worth $400 Million House Yacht See Neal K Aronson's compensation, career history, education, & memberships. The Company focuses on management of buy-outs, acquisitions, mergers, recapitalizations, restructuring . Im not sure Id call ourselves experts at this point, but we certainly have a lot of years of study, learning about the industry and through our experiences.. In its 13 years in existence, Roark has sold only three companies. ServiceMaster will rename itself Terminix, sell Brands segment In the announcement, ServiceMaster says: "The transaction will position the . [11] Brown expected that Inspire would acquire additional chains in different segments. Phone (404) 591-5200 Founded in 1972, Meineke is an automotive aftermarket industry pioneer and leading provider of repair and maintenance services. Our goal is to be the preferred capital source for private equity solutions by earning the respect of everyone we interact with. What are zingers at miller's ale house? Explained by Sharing Culture [9] On August 28, 2018, Georgia Governor Nathan Deal announced that Inspire was moving its headquarters to Sandy Springs, Georgia in 2019. Do not sell my personal infoPrivacy PolicyContact UsRSS, Cheesecake Factory buys most of Roark's stake for $457M. 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. Nov 2009 - Dec 202213 years 2 months. Registered in England and Wales. Roark Capital Group Acquires International Car Wash Group - PR Newswire There were four CEOs in six years, a problem Aronson blames on previous ownership. Related: Naf Naf Grill founder dies at 47, Greg Willman, left, who was named Naf Naf Grill CEO in May 2020, said in a statement: I am excited about the future of Naf Naf Grill and want to thank Roark for its support and positive contributions to the company.. We like growth, and were looking to invest in growth.. 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 previously announced acquisition of UK-based International Car Wash Group from TDR Capital LLP. 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. Working At Arby's: Employee Reviews And Culture - Zippia Roark NEW YORK OFFICE 540 Madison Ave 37th Floor New York, NY 10022 Phone (212) 806-6000 Fax (212) 518-2028 www.roarkcapital.com International Car Wash Group is the world's largest local car wash company, with operations in the U.S., Europe and Australia. operator of swim schools for children of all ages, serving over 150,000 swimmers per year. Who Owns Massage Envy? Details on Spa Franchisor Amid Allegations Most of Carvels resources had been diverted to its supermarket business, which angered franchisees. Fax (404) 591-5201 Auntie Anne's menu includes hand-rolled soft pretzels baked in-store, Pretzel Nuggets, beverages (including signature lemonade) and Pretzel Dogs. Theyre very entrepreneurial., Besides, he says, theyre just plain good guys.. By the end of the first year under Roark leadership, 21 new menu items were added. 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. Global network of franchises providing janitorial services, carpet cleaning, hard surface floor care, tile and grout cleaning, and upholstery cleaning. Their total assets, however, are around $250 million. Auntie Anne's menu includes hand-rolled soft pretzels baked in-store, Pretzel Nuggets, beverages (including signature lemonade) and Pretzel Dogs. Previously, Okeson was a partner at Alston & Bird LLP in Atlanta, Georgia, where he spent 15 years specializing in corporate governance, mergers and acquisitions . Get todays need-to-know restaurant industry intelligence. 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. Its holdings in the restaurant industry include investments in Arby's, Corner Bakery, Jimmy John's, Wingstop and FOCUS Brands, which owns chains such as Cinnabon and Schlotzsky's. 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. Driven Brands is the largest automotive services company in North America. [11][12] Arby's CEO Paul Brown was selected to continue as Inspire Brands CEO. Roark Capital Group Inc. Roark Capital Group Inc. operates as a private equity firm.