Roark Capital Acquires ServiceMaster Brands | Business Wire 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. No, Sonic is owned by Sega, who debuted the character in "Sonic The Hedgehog" for their Genesis console in 1991. Please Private-equity firm Roark Capital Group, which owns Atkins, is gearing up to seek a buyer for the low-carbohydrate-diet pioneer, according to people familiar with the matter. . 1-800 Radiator is the largest franchised automotive parts distributor in North America. US Sports Camps is the nations leading youth sports camp company, serving more than 100,000 campers across 1,200+ camps in 48 states. Naf Naf Grill, investor group buy out Roark ownership 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 . Owned by private equity firm Roark Capital Group, CKE Restaurants was founded in 1966 with the opening of Carl's Jr. Clean Franchise Brands : Year Formed: 2021: . The moves largely undo Roarks $200 million equity investment in Cheesecake back in April 2020, when the pandemic was just beginning. Romaniello became the operating partner, and Hill was added as vice president of franchising and foodservice. Arby's restaurant owner Roark Capital Group will buy Buffalo Wild Wings for $2.4 billion, months after an activist investor won seats on the chicken wing restaurant's board following a proxy . Culver's is a family-favorite restaurant known for their ButterBurgers, Fresh Frozen Custard & Wisconsin Cheese Curds. 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. After the hotel business was sold, one of Aronson's mentors, Odyssey Partners cofounder Jack Nash, encouraged him to try his hand at private equity. Roark ATLANTA OFFICE 1180 Peachtree Street NE Suite 2500 Atlanta, Georgia 30309 Phone (404) 591-5200 Fax (404) 591-5201 www.roarkcapital.com. Roark Capital Group Acquires Driven Brands - Yahoo! Furniture Medic is a global leader and franchisor in the furniture repair and restoration industry. Roark Capital is an Atlanta-based private equity firm. About Roark Capital Group. Who Owns Massage Envy? Details on Spa Franchisor Amid Allegations October 01, 2020 09:01 AM Eastern Daylight Time . The firm has $3 billion in capital under management, raised through three successively larger private-equity funds. refer to our 540 Madison Ave The Big Take is the very best of Bloomberg's in-depth, original reporting from around the globe every day. The Chicago-based company did not disclose terms of the deal or the identity of the investor group. Fax (404) 591-5201 403 Veterans Blvd. Buffalo Wild Wings also owned the Rusty Taco chain. For 91 years, we've been helping people take control of their financial futures. Roark focuses on middle market investment opportunities through family-owned business transfers, management and corporate buyouts . The Take 5 Oil Change management team will remain at the helm, and the headquarters will remain in New Orleans. Roark Capital Acquires ServiceMaster Brands. Neal K Aronson is Managing Partner/Founder at Roark Capital Group. ATLANTA OFFICE So far, it seems the risk is paying off. Founded in 2006, Streamline Brands is a leading franchisor and
8 Secrets Buffalo Wild Wings Doesn't Want You to Know Jimmy John's and Rusty Taco parent company has completed its acquisition of Dunkin' Brands Group for $11.3 billion (or . Atlanta investment firm scoops up Culver's stock - Madison Roark has acquired. 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. Who is the CEO of Sonic? Web page addresses and e-mail addresses turn into links automatically. 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. [21][22] The acquisition was completed on December 15, 2020. Private-equity firm had taken minority stake in fast-casual Middle Eastern concept in 2015, 2023 Informa USA, Inc., All rights reserved, NRN editors talk about the NRAs recent report, what happens when children are banned from restaurants, and celebrity marketing, Duffys Sports Grill Mastered Gift Cards in a Flash, Examining new ways to collect restaurant guest data, It's time to Roll Up to Win at Tim Hortons with exciting new prizes, Subway opens new dual headquarters building in Miami, Menu Tracker: New items from Burger King, KFC, and Chipotle, San Diegos Trust Restaurant Group drives retention, innovation with culture of yes, Nations Restaurant News launches new CREATE Roadshow event series, Allowed HTML tags: . Did inspire brands buy jimmy johns? Explained by Sharing Culture Elane served as Group President of Kimberly-Clark International and Global President of Kimberly . Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world. He has conviction, passion, unbelievable honesty, openness, and hes loyal and trustworthy. . 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. Roark is now one of the largest holding companies in foodservice, with brands ranging from Auntie Annes to Sonic, Jimmy Johns, Arbys, Moes Southwest Grill, Schlotzskys, Carvel, 50% of Culvers, Millers Ale House and Rusty Taco. For the restaurant, see, "Jimmy John's Sale To Inspire Brands Now Complete", "Why Fast Food's Smartest Operator Is Expanding When Business Is Terrible", "Wendy's sells stake in Arby's owner for $450 million", "Arby's owner beefs up portfolio, eating up another fast-food franchise", "Arby's, Buffalo Wild Wings new parent Inspire Brands debuts", "Arby's closes deal for Buffalo Wild Wings, makes new company", "Arby's CEO: We're Not Done Buying Brands After BWW", "Wendy's Sells Inspire Brands Stake for $450 Million", "Inspire Brands reveals plans for its 3rd brand, now Rusty Taco", "Inspire Brands bringing 1,100 jobs, $32 million to Sandy Springs", "Inspire Brands to buy Sonic Corp. for $2.3B", "Arby's owner Inspire Brands buys Jimmy John's", "Inspire completes purchase of Jimmy John's", "Dunkin' closes in on $9bn sale to Inspire Brands", "Inspire Brands to Acquire Dunkin' Brands Group for $11.3 Billion Including Debt", "Inspire Brands Completes Acquisition of Dunkin' Brands", "Inspire Brands sells Rusty Taco to the owner of Cicis Pizza", "Art of the deal panel to highlight FFGC", https://en.wikipedia.org/w/index.php?title=Inspire_Brands&oldid=1139069937, Companies based in Sandy Springs, Georgia, 2018 establishments in Georgia (U.S. state), Economy of the Southeastern United States, Short description is different from Wikidata, Official website different in Wikidata and Wikipedia, Creative Commons Attribution-ShareAlike License 3.0, This page was last edited on 13 February 2023, at 05:48. Phone (212) 806-6000 Flower Child is a growing, fast casual restaurant offering a customizable menu, made fresh from scratch, featuring locally-sourced, all-natural and organic ingredients. 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. Divisions Maintenance Group is a tech-based provider of integrated facilities maintenance services for prominent retail chains, pharmacies, grocery stores, warehouses, distribution centers, and REITs across more than 46,000 locations in all 50 states. Moe's Southwest Grill is the neighborhood burrito place offering flavorful Southwestern fare with a healthy twist. 2023 PitchBook. Will the Fast-Food Dining Room Live On After COVID? Roark Capital Acquires ServiceMaster Brands | ServiceMaster www.roarkcapital.com, Roark Roark Capital to buy Buffalo Wild Wings for $2.9 billion - CNBC Neal Aronson founded Roark Capital in . Aronson will surrender 47,517 of the common shares to Cheesecake in exchange for $10.4 million in cash. Maintaining Automated Tests in TAF for V1 platform for API testing Arby's owner Roark gobbles up Buffalo Wild Wings for $2.4 billion Under the terms of the transaction, affiliates of Roark Capital Group will pay $157 a share for Buffalo Wild Wings, just a few dollars more than the $150 price that the company traded at on the . He now owns the Gulfstream G-IV with registration . 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. Basecamp Fitness is a growing network of fitness studios featuring high-intensity and high-energy workout sessions. www.roarkcapital.com. Contact Ron Ruggless at [emailprotected], /sites/all/themes/penton_subtheme_nrn/images/logos/footer.png. Atkins Nutritionals Up For Sale - WSJ Visit Website. New York, NY 10022 Take 5 Oil Change has a phenomenal brand, operating model, and team led by Marc. Fax (404) 591-5201 Roark Capital Acquires Fitness Connection - prnewswire.com Roark Capital Acquires ServiceMaster for $1.5 Billion CHARLOTTE, N.C., March 30, 2016 /PRNewswire/ -- Driven Brands, a portfolio company of Roark Capital and the nation's leading automotive franchisor . 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. Anytime Fitness is the largest fitness franchise in the world, with gym facilities open 24 hours a day, 365 days a year. READ MORE, Invest in Good is Roarks multi-faceted commitment to long-term social impact initiatives. In the announcement, ServiceMaster says: "The transaction will position the . 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. Known as 'America's Bodyshop', Maaco is a leading provider of auto painting and light collision repair services. While the firm has not sold any of its restaurant companies yet, that time will come. They understand franchising, and they know brands and understand branding. Aronson began his career in investment banking and private equity in New York, working for several firms, including hedge fund Odyssey Partners. It met Roarks expertise then: a franchised business in the hospitality arena.