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We believe that successful partnerships begin with providing a compelling value proposition to all business constituencies. ", 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. The Company focuses on management of buy-outs, acquisitions, mergers, recapitalizations, restructuring . 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Arbys is the largest drive-thru sandwich chain in the United States. Cheesecake opted to trade 200,000 shares of preferred stock to Roark for $200 million. 1180 Peachtree Street NE ", "This is a tremendous opportunity for Take 5 Oil Change to grow our business to the next level," said Graham. US Sports Camps is the nations leading youth sports camp company, serving more than 100,000 campers across 1,200+ camps in 48 states. [20], Inspire Brands on October 25, 2020 announced that it was buying Dunkin' Brands for $11.3 billion. 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. 37th Floor "Take 5 Oil Change is an ideal addition to our portfolio of brands. Our business services investments have included Divisions Maintenance Group, Driven Brands,ServiceMaster Brands, Installation Made Easy, and previously Solterra Recycling Solutions, Batteries Plus Bulbs, CyberCore, FASTSIGNS, Money Mailer, Peachtree Business Products, PSC, Quala, Waste Pro, and GFL Environmental. Were just not big believers in shortcuts, Aronson says. 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. The Big Take is the very best of Bloomberg's in-depth, original reporting from around the globe every day. 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. US Sports Camps offering spans 19 different physical sports, Esports, and academic programs for campers ranging from 6 to 18 years old. The remaining 50,000 preferred Cheesecake shares will be converted to 2,448,381 common shares of the casual-dining company. Arbys is the largest drive-thru sandwich chain in the United States. Affiliates of Roark have invested in 56 franchise/multi-unit brands which collectively generate $21 billion in annual system revenues from 23,000 locations in 50 states and 75 countries. Through its ownership of Fox Restaurant Group, a concept incubator, it also holds the rights to develop Flower Child, Culinary Dropout, Fly Bye and a host of other small brands. The new managers set about turning that around by refurbishing the stores and giving franchisees the OK to sell a product they wanted: Italian ice. 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. Auntie Anne's menu includes hand-rolled soft pretzels baked in-store, Pretzel Nuggets, beverages (including signature lemonade) and Pretzel Dogs. CHARLOTTE, N.C., March 30, 2016 /PRNewswire/ --Driven Brands, a portfolio company of Roark Capital and the nation's leading automotive franchisor, announced today that its affiliate has acquired Louisiana-based Take 5 Oil Change. Roark Capital Group Inc. operates as a private equity firm. They did some digging, and went straight to the source: Arby's Quality Assurance. [11] Brown expected that Inspire would acquire additional chains in different segments. Merry Maids is a leading franchisor and provider of home cleaning services. 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. Mathnasium is a leading franchisor of math learning centers with over 1,000 locations across 46 states and 12 countries. 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. Baseball Academy (Youth Enrichment Brands), U.S. Sports Camps (Youth Enrichment Brands), Roark portfolio company, Youth Enrichment Brands, acquires i9 Sports. It met Roarks expertise then: a franchised business in the hospitality arena. We like growth, and were looking to invest in growth.. To this day, Wingstop is still under the Roark Capital Group. The New Jersey State Investment Council, which manages investments in seven public pension funds, committed up to $100 million to the private equity firms latest fund in 2012 after the agencys staff cited Roarks impressive track record and strong returns. Buffalo Wild Wings also owned the Rusty Taco chain. Most of Carvels resources had been diverted to its supermarket business, which angered franchisees. That is part of our obligation to our investors.. Fitness Connection is a leading player in the "High Value, Low Price (HVLP)" segment of the fitness industry. 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. New York, NY 10022 Its two full-service restaurant chains are Il Fornaio and Millers Ale House. Flower Child is a growing, fast casual restaurant offering a customizable menu, made fresh from scratch, featuring locally-sourced, all-natural and organic ingredients. The Bar Method is a leading low-impact studio fitness franchise with locations across the US and Canada. He refuses to follow fads, trends, or popularity. You don't drive past their logos every time you leave the house. Schlotzsky's is a chain of quick casual restaurants offering made-to-order sandwiches, soups, salads and pizza. 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. In the early days, there were real synergies and reasons to put companies together in Focus, says Hill, who became Cinnabons president. 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. . Since inception, affiliates of Roark have invested in 61 franchise/multi-unit brands which collectively generate $25 billion in annual system revenues from 28,000 locations in 50 states and 78 countries. Sign up to receive texts from Restaurant Business on news and insights that matter to your brand. Romaniello and Hill say Arbys had started to turn around when Roark made the acquisition, but Aronson is more blunt in his assessment of the company, which was part of the Wendys/Arbys Group, led by investor Nelson Peltzs Triarc Co. Arbys was a messin menu, speed of service, cleanliness, physical box, focus, relationships, strategy, marketing, he says, ticking off the woes. Meineke provides all regularly scheduled maintenance services, along with repair and replacement of vehicle components. Founded in 2003, i9 Sports is a leading franchisor of community-based, multi-sport leagues for children ages 3-14, serving over 3 million kids since inception. It is part of Flynn Restaurant Group which also operates 441 . [18], Inspire Brands announced that it was buying Jimmy John's on September 25, 2019. The Company provides a comprehensive suite of services primarily to retail, fleet, and industrial consumers. Youth Enrichment Brands encompasses US Sports Camps, i9 Sports, Streamline Brands, and U.S. Naf Naf Grill, the fast-casual Middle Eastern concept, and an investor group have acquired the entire minority ownership in the company previously held by affiliates of Roark Capital Group, the company said Wednesday. In its 13 years in existence, Roark has sold only three companies. www.roarkcapital.com, Roark . Maintaining Automated Tests in TAF for V1 platform for API testing While the firm has not sold any of its restaurant companies yet, that time will come. Inspire Brands is majority-owned by affiliates of Roark Capital Group. 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. Inspire operates Support Centers in Atlanta, Oklahoma City, Champaign, Minneapolis, and Canton, Massachusetts. 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. Roark has acquired. Youth Enrichment Brands encompasses US Sports Camps, i9 Sports, Streamline Brands, and U.S. Stronger U is a digital, personalized nutrition-based health coaching services brand. Fax (212) 518-2028 [14] In September 2018, Inspire had the 27-location R Taco reverted to the Rusty Taco name. 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.. Founded in 1999, KE Camps is the leading operator of day camps for country clubs, Fitness Connection is a leading player in the "High Value, Low Price (HVLP)" segment of the fitness industry. Merry Maids is a leading franchisor and provider of home cleaning services. There was talent at Carvel that Cinnabon could benefit from, and talent at Cinnabon that Carvel could use.. Orangetheory Fitness is one of the largest and fastest growing franchisors in the studio-based fitness market. The five times weekly e-newsletter that keeps you up-to-date on the latest industry news and additions to this website. 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. 1-800 Radiator is the largest franchised automotive parts distributor in North America. 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. Roark focuses on franchised and multi-unit business models in the retail, restaurant, consumer and business services sectors. Global network of franchises providing janitorial services, carpet cleaning, hard surface floor care, tile and grout cleaning, and upholstery cleaning. Roark has a history of creating jobs, providing opportunities, and helping people and companies realize their potential. Our team will review your remarks prior to publishing. FOCUS Brands is the parent company of Auntie Anne's, Carvel, Cinnabon, Jamba, McAlisters, Moe's Southwest Grill, Schlotzsky's and the franchisor of Seattle's Best Coffee on certain military bases and in certain international markets. CARSTAR is the largest franchise network of automotive collision repair shops in North America. Baseball Academy brings together college and high school coaches to provide camp programs to aspiring baseball and softball players across the United States. Marcato, which owns a 6.4 percent stake in the wing chain, launched its campaign . Jimmy John's and Rusty Taco parent company has completed its acquisition of Dunkin' Brands Group for $11.3 billion (or . Site Map | Search | Terms of Use | Privacy Policy | Accessibility, Roark 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. We have been slowly and methodically learning as much as we can about restaurants, Romaniello says. "With this partnership, we have access to world-class technology, purchasing power, operational support and resources that will enable us to accelerate our growth and success.".