Become a Restaurant Business member today and unlock exclusive benefits, including unlimited access to all of our content. How a young private equity firm came to own 16 restaurant brands with $11 billion in systemwide sales. 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. 1180 Peachtree Street NE 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. ICWG is the largest car wash operator in the world, washing more than 35 million cars every year through more than 900 locations in 14 countries across Europe, the United States, and Australia. In the early days, there were real synergies and reasons to put companies together in Focus, says Hill, who became Cinnabons president. In 1996 Take 5 designed the first "5 Minute Drive-Thru Oil Change" location. ATLANTA, Feb. 4, 2019 /PRNewswire/ -- Roark Capital, an Atlanta -based private equity firm focused on investing in multi-unit businesses, announced today . As the Atlanta-based private equity firm that owns Massage Envy, Roark Capital Group published a plan in 2017 to address the . [17] The acquisition was completed on December 7, 2018. The latest from Restaurant Business, sent straight to your inbox. It now owns three of the 25 biggest quick-service restaurant chainsit acquired a majority stake in Arbys three years agoand oversees a 16-brand dining empire with some $11 billion in systemwide sales and nearly 12,100 units employing some 300,000 people. Greenwood Village, CO. Leeds West Groups (LWG) was founded in 2009 by current CEO and Board Member Judd Shader and is . Content warning: This article covers allegations of sexual assault. They understand franchising, and they know brands and understand branding. None were restaurants. Roark focuses on franchised and multi-unit business models in the retail, restaurant, consumer and business services sectors. 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 . ServiceMaster Brands is the parent company of ServiceMaster Restore, ServiceMaster Clean, Merry Maids, TWO MEN AND A TRUCK, AmeriSpec, and Furniture Medic. International House of Pancakes, LLC is a wholly-owned subsidiary of Dine Brands Global (NYSE: DIN). RB AMERICAN. [9] On August 28, 2018, Georgia Governor Nathan Deal announced that Inspire was moving its headquarters to Sandy Springs, Georgia in 2019. 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. Dunkin is famous for its combination of high-quality coffees, espresso beverages, baked goods, and breakfast sandwiches served all day with fast, friendly service. Stronger U is a digital, personalized nutrition-based health coaching services brand. Roark focuses on middle market investment opportunities through family-owned business transfers, management and corporate buyouts . AmeriSpec is a leading franchisor and provider of residential and commercial real estate inspection services. Moe's Southwest Grill is the neighborhood burrito place offering flavorful Southwestern fare with a healthy twist. Marcato, which owns a 6.4 percent stake in the wing chain, launched its campaign . 2023 PitchBook. Auntie Anne's menu includes hand-rolled soft pretzels baked in-store, Pretzel Nuggets, beverages (including signature lemonade) and Pretzel Dogs. 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. "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. How are the unit-level economics? Baseball Academy. 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. Ron Ruggless | Oct 29, 2020. Known as 'America's Bodyshop', Maaco is a leading provider of auto painting and light collision repair services. 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. Furniture Medic is a global leader and franchisor in the furniture repair and restoration industry. Stronger U is a digital, personalized nutrition-based health coaching services brand. serving 10,000+ campers per year. The boardroom at Roark Capital Group's 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.There's just one distinction: Two dozen black-framed notices of the private equity firm's acquisitions dot the walls along the narrow sides of the room. 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. 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. They keep their companies autonomous, but they understand how to control costs and focus on getting the profit margins up.. "Take 5 Oil Change is an ideal addition to our portfolio of brands. In 2002, Massage Envy created a completely new category in the wellness industry and remains the industry leader in providing professional and affordable services that promote well-being through total body care. 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. Inspire Brands and Roark Capital Group own Arby's. The two companies are the parent organizations of Arby's. Inspire Brands is an American holding company and the owner and franchiser of many food industry companies, such as Arby's, Buffalo Wild Wings, Sonic Drive-In, Jimmy John's, Rusty Taco, and others. We have been slowly and methodically learning as much as we can about restaurants, Romaniello says. Thats key. Our Core Values define who we are, what we do and how we do it. So far, it seems the risk is paying off. Romaniello became the operating partner, and Hill was added as vice president of franchising and foodservice. from 8 AM - 9 PM ET. There were four CEOs in six years, a problem Aronson blames on previous ownership. Mathnasium is a leading franchisor of math learning centers with over 1,000 locations across 46 states and 12 countries. 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. Nation's Restaurant News is part of the Informa Connect Division of Informa PLC. 1-800 Radiator is the largest franchised automotive parts distributor in North America. 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. In 1995, he helped launch U.S. Franchise Systems, an Atlanta-based hotel franchisor that began with one brand and 22 hotels in nine states. Following Roark Capital Group's acquisition of Arby's in 2011, Okeson remained with Arby's as General Counsel while assuming additional senior management responsibilities. U.S. Roark Capital Group is an American private equity firm with over $33 billion in assets under management. 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. Maintaining Automated Tests in TAF for V1 platform for API testing B-Dubs might be going private. No, Sonic is owned by Sega, who debuted the character in "Sonic The Hedgehog" for their Genesis console in 1991. 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. Roark prides itself on being a trusted partner for management and business owners. By the end of the first year under Roark leadership, 21 new menu items were added. Our portfolio companies span multiple industries including food, restaurants, consumer and business services, health, wellness and fitness, and education and youth activities. Bill Derwin, CEO of ICWG, said, "Roark brings a deep understanding of the consumer and an operational expertise that complements our business. Winsight is a leading B2B information services company focused on the food and beverage industry, providing insight and market intelligence to business leaders in every channel consumers buy food and beverage convenience stores, grocery retailing, restaurants and noncommercial foodservice through media, events, data products, advisory services, and trade shows. The brand was named a Nations Restaurant News Hot Concept in 2016. Baseball Academy brings together college and high school coaches to provide camp programs to aspiring baseball and softball players across the United States. Morningstar Institutional Equity Research. Founded in 1972, Meineke is an automotive aftermarket industry pioneer and leading provider of repair and maintenance services. Fitness Connection is a leading player in the "High Value, Low Price (HVLP)" segment of the fitness industry. The firm seeks to invest in consumer and business service companies in the restaurant, specialty retail, consumer and business services, and health, wellness, and beauty sectors. Affiliates of Roark Capital Group have sold the Dallas-based Corner Bakery Cafe brand to Pandya Restaurant Growth Brands LLC, the companies said Thursday. How Roark Capital's Neal Aronson won over franchisees to build a $54 billion fast-food juggernaut with brands like Arby's, Dunkin', and Buffalo Wild Wings. READ MORE, Roark was named after Howard Roark, the protagonist in Ayn Rand's book The Fountainhead. Roark focuses on franchised and multi-unit business models in the retail, restaurant, consumer and business services sectors. If capital and expertise are needed to help the brands grow, well provide that.. Take 5 Oil Change has a phenomenal brand, operating model, and team led by Marc. They have perfected their processes and deliver industry leading customer service. The deal shocked an industry already stunned by the unprecedented market changes they were seeing as coronavirus shut down much of the nation.