Inspire Brands, Inc. is an American holding company and the owner and franchisor of the Arby's, Buffalo Wild Wings, Sonic Drive-In, Jimmy John's, Mister Donut, Dunkin' Donuts and Baskin-Robbins restaurant chains. Theres also Green Burrito and Red Burrito, which cobrand with some Carls Jr. and Hardees, while Roark also franchises Seattles Best Coffee internationally. us for more details. 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. Here's what Roark is offering, and what this means for the company, its shareholders and the struggling restaurant industry. . Mathnasium is a leading franchisor of math learning centers with over 1,000 locations across 46 states and 12 countries. Sign up to receive texts from Restaurant Business on news and insights that matter to your brand. The firms first acquisition was Carvel in 2001 for $26 million. ATLANTA OFFICE Baseball Academy (Youth Enrichment Brands), U.S. Sports Camps (Youth Enrichment Brands), Roark Portfolio Employees Assistance Fund. Meineke provides all regularly scheduled maintenance services, along with repair and replacement of vehicle components. Roark Capital Group serves customers in the United States. www.roarkcapital.com, Roark The Chicago-based company did not disclose terms of the deal or the identity of the investor group. Anon { relativeTimeResolver(1660511260487) }} LIVE Points 3. Known as 'America's Bodyshop', Maaco is a leading provider of auto painting and light collision repair services. Most of Carvels resources had been diverted to its supermarket business, which angered franchisees. 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. CKE is one of the world's largest franchisors and operators of quick-service restaurants under the Carls Jr. and Hardees brand banners. Roark Capital Acquires Fitness Connection. GROUP. 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. AmeriSpec is a leading franchisor and provider of residential and commercial real estate inspection services. Nothing Bundt Cakes is a leading franchisor and operator of gourmet bakeries. 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. (417) 334-3196. 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. 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. 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. Flower Child is a growing, fast casual restaurant offering a customizable menu, made fresh from scratch, featuring locally-sourced, all-natural and organic ingredients. Founded in 1975 and headquartered in San Rafael, CA, US Sports camps is the licensed operator of Nike Sports Camps. Founded in 2006, Streamline Brands is a leading franchisor and The stake will be controlled by Roark founder and managing partner Neal Aronson, according to securities documents filed Monday. 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. Web page addresses and e-mail addresses turn into links automatically. International Car Wash Group is the world's largest local car wash company, with operations in the U.S., Europe and Australia. Not knowing what to expect during the impending crisis, most restaurant companies scrambled to maximize their liquidity, fearful theyd have insufficient cash on hand to sustain operations as dining rooms were ordered to close and sales fell to a trickle. Founded in 1988, U.S. 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. Phone (404) 591-5200 You can unsubscribe at any time by clicking on the unsubscribe link at the bottom of our emails. It met Roarks expertise then: a franchised business in the hospitality arena. 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. FOCUS Brands is also the franchisor of Seattle's Best Coffee on certain military bases and in certain international markets. Miller's appears to be in good hands with its current owners. We want to partner with entrepreneurs and executives who share this vision. By the end of the first year under Roark leadership, 21 new menu items were added. Nov 2009 - Dec 202213 years 2 months. There was talent at Carvel that Cinnabon could benefit from, and talent at Cinnabon that Carvel could use.. Site Map | Search | Terms of Use | Privacy Policy | Accessibility, Roark Image Credit: IHOP - Legacy Capital Investment Group IHOP restaurants are franchised and operated by Glendale, California-based International House of Pancakes, LLC and its affiliates. 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. RB American is the largest Arby's franchisee, operating 370 restaurants across 9 states. Jul 22, 2013, 08:00 ET. Roark also owns nearly a dozen non-eatery franchise businesses. 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. Roark's current brands include Anytime Fitness, Arby's, Atkins Nutritionals, Batteries Plus Bulbs, CKE Restaurants (the owner of Carl's Jr. and Hardee's), Corner Bakery, Driven Brands (the owner of Maaco, Meineke, CARSTAR, 1-800-Radiator and Take 5 Oil Change), Drybar, FOCUS Brands (the owner of Auntie Anne's Pretzels, Carvel Ice Cream, Cinnabon, McAlister's Deli, Moe's Southwest Grill, and Schlotzsky's), Great Expressions Dental Centers, Il Fornaio, Jimmy John's, Jim 'N Nick's, Massage Envy, Miller's Ale House, Naf Naf Grill, Orangetheory Fitness, Pet Retail Brands (the owner of Pet Supermarket and Pet Valu), Primrose Schools and Waxing the City. 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. 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. 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 . The securities filing states that Aronson will have the discretion to manage the shares as he sees fit. The mid-sized private equity firm has become a major player in the restaurant industry, says Darren Tristano, vice president of Technomic Inc., a restaurant market research firm. The Bar Method is a leading low-impact studio fitness franchise with locations across the US and Canada. Cheesecake opted to trade 200,000 shares of preferred stock to Roark for $200 million. Latest Addition to Driven Brands Strengthens Leadership Position in Automotive Aftermarket Services Industry. Private equity often involves deals of dizzying size to buy companies your average consumer has never heard of. Atlanta-based private-equity Roark Capital Group invested in the concept in 2015. For over 30 years, Culvers guests have been treated to cooked-to-order food made with farm-fresh ingredients, served with a smile. For more information, please visit www.roarkcapital.com. Roark Capital is an Atlanta-based private equity firm. [20], Inspire Brands on October 25, 2020 announced that it was buying Dunkin' Brands for $11.3 billion. 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. [14] In September 2018, Inspire had the 27-location R Taco reverted to the Rusty Taco name. [18], Inspire Brands announced that it was buying Jimmy John's on September 25, 2019. 1180 Peachtree Street NE In 2016, Liautaud sold an estimated 65% of the business to Inspire's parent company, the Atlanta-based private equity firm Roark Capital, in a deal that valued Jimmy John's at around $3 . 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. Phone (404) 591-5200 Wendy's owns about 18.5 percent of Arby's, with their stake valued at around $325.9 . 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 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. Arbys is the largest drive-thru sandwich chain in the United States. 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. Aronson launched the firm in 2001 and named it for Howard Roark, the protagonist architect in Ayn Rands novel, The Fountainhead. serving 10,000+ campers per year. Founded in 1984, Take 5 Oil Change operates 65 quick oil change facilities across nine states throughout the Southeast. Take 5 Oil Change has a phenomenal brand, operating model, and team led by Marc. All rights reserved. Nash had a tough exterior, but he was honest and off-the-chart smart, so he gave you great advice. He was also Roarks biggest early investor. The Company provides a comprehensive suite of services primarily to retail, fleet, and industrial consumers. By the time Focus Brands--an arm of Atlanta-based private equity firm, Roark Capital Group--took over the company in 2006 they had sold or closed all but one franchise. Is Arby's Roast Beef real or processed meat? Franchise Systems, Aronson interacted regularly with two other executives, Steven Romaniello and Geoff Hill, who would later fill important operating and managing roles at Focus Brands and Roark. Wingstop has a total market capitalization of a gigantic $4.73 billion! There were four CEOs in six years, a problem Aronson blames on previous ownership. Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Roark Capital Group , an Atlanta-based private equity firm, acquired Miller's Ale House, a growing casual dining restaurant chain, from owners Jack Miller, KarpReilly and SKM Equity Fund III. Were growers, not cutters. 1-800 Radiator is the largest franchised automotive parts distributor in North America. With this acquisition, Driven Brands continues to expand its Quick Lube division, which also includes Pro Oil Change and Driven Florida Lubes. Roark Capital Group finalized its deal to acquire Buffalo Wild Wings for $2.9 billion on February 5. Responsibilities. Stronger U is a digital, personalized nutrition-based health coaching services brand. When the company was sold in 2000, it had three brands and some 500 hotels in all 50 states and five countries. Schlotzsky's is a chain of quick casual restaurants offering made-to-order sandwiches, soups, salads and pizza. 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. In the book, the character doesnt bow to conventional wisdom and is seen as an authentic innovator. 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.. US Sports Camps offering spans 19 different physical sports, Esports, and academic programs for campers ranging from 6 to 18 years old. Driven Brands Holdings Inc, one of the largest U.S. auto services franchisers, is looking to raise as much as $760 million . . 540 Madison Ave 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. Our portfolio companies span multiple industries including food, restaurants, consumer and business services, health, wellness and fitness, and education and youth activities. Self Esteem Brands is the parent company of Anytime Fitness, Basecamp Fitness, The Bar Method, Waxing the City, Stronger U, and Healthy Contributions. The only way your investment is going to be rewarded in the long term is if you make long-term focused decisions that improve the business, which they do very well. Global network of franchises providing janitorial services, carpet cleaning, hard surface floor care, tile and grout cleaning, and upholstery cleaning. The fast . CKE is one of the world's largest franchisors and operators of quick-service restaurants under the Carls Jr. and Hardees brand banners. Roark Capital Group is an Atlanta-based private equity firm with more than $1.5 billion in equity capital under management. If capital and expertise are needed to help the brands grow, well provide that..
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