Elane served as Group President of Kimberly-Clark International and Global President of Kimberly . You can unsubscribe at any time by clicking on the unsubscribe link at the bottom of our emails. Quick Answer: Does Corner Bakery have bagels? - De Kooktips - Homepage That is where this country has been built, because 65 percent of the job growth for 15 years leading up to the recession came from those people who built a store, then a second store, then a third.. Jimmy John's is one of the largest sandwich chains in the US. Mar 30, 2016, 11:48 ET. Article continues below . Global network of franchises providing janitorial services, carpet cleaning, hard surface floor care, tile and grout cleaning, and upholstery cleaning. Roark Capital Group owns other dining-out favorites, including Arby's, Auntie Anne's, Cinnabon, Carvel Ice Cream, Moe's Southwest Grill, and Wingstop. 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. Roarks other limited-service brands include Auntie Annes, Carvel Ice Cream, Cinnabon, Moes Southwest Grill, and Schlotzskysall of which are included under the Focus Brands umbrellaas well as Corner Bakery, McAlisters Deli, and Wingstop. Roark Capital Acquires ServiceMaster for $1.5 Billion Who owns roark capital group? - Alexa Answers Affiliates of Roark Capital Group have sold the Dallas-based Corner Bakery Cafe brand to Pandya Restaurant Growth Brands LLC, the companies said Thursday. Stronger U is a digital, personalized nutrition-based health coaching services brand. Dunkin is famous for its combination of high-quality coffees, espresso beverages, baked goods, and breakfast sandwiches served all day with fast, friendly service. Furniture Medic is a global leader and franchisor in the furniture repair and restoration industry. The securities filing states that Aronson will have the discretion to manage the shares as he sees fit. The Company provides a comprehensive suite of services primarily to retail, fleet, and industrial consumers. Some investors, including university endowments and investment managers, have invested in all three, a sign of Roarks performance. Inspire Brands is the franchisor and operator of the Arbys, Buffalo Wild Wings, Jimmy Johns, SONIC, Dunkin, and Baskin Robbins brands. He plans to structure the company similar to Hilton Hotels & Resorts. operator of swim schools for children of all ages, serving over 150,000 swimmers per year. Roark Capital Group Affiliates. 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. 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. Luther is Arbys chairman. who owns ihop Official 2023 With this acquisition, Driven Brands continues to expand its Quick Lube division, which also includes Pro Oil Change and Driven Florida Lubes. How are the unit-level economics? Inspire Brands is a privately owned equity company that falls under the management of Roark Capital Group . Share Your Design Ideas, New JerseysMurphy Defends $10 Billion Rainy Day Fund as States Economy Slows, What Led to Europes Deadliest Train Crash in a Decade, This Week in Crypto: Ukraine War, Marathon Digital, FTX. Buffalo Wild Wings Takes Flight On Buyout Offer Billionaire Founder Of Jimmy John's Sells His Remaining - Forbes Here's why Arby's acquisition of Buffalo Wild Wings is good news for Roark managing partner Neal Aronson will retain control of a 4.6% stake. Youth Enrichment Brands encompasses US Sports Camps, i9 Sports, Streamline Brands, and U.S. Roark Capital Group Acquires International Car Wash Group - PR Newswire Founded in 1988, U.S. Inspire Brands is majority-owned by affiliates of Roark Capital Group. [13] Co-owner The Wendy's Company's stake was reduced from 18.5% to 12.3% due to the infusion of capital from Roark Capital to fund the purchase. 540 Madison Ave 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. 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. Mathnasium is a leading franchisor of math learning centers with over 1,000 locations across 46 states and 12 countries. Roark Capital Group finalized its deal to acquire Buffalo Wild Wings for $2.9 billion on February 5. Roark NEW YORK OFFICE 540 Madison Ave 37th Floor New York, NY 10022 Phone (212) 806-6000 Fax (212) 518-2028 www.roarkcapital.com Previously, Okeson was a partner at Alston & Bird LLP in Atlanta, Georgia, where he spent 15 years specializing in corporate governance, mergers and acquisitions . For more information, visit www.DrivenBrands.com. Who owns Miller's Ale House? Roark ATLANTA OFFICE 1180 Peachtree Street NE Suite 2500 Atlanta, Georgia 30309 Phone (404) 591-5200 Fax (404) 591-5201 www.roarkcapital.com. Theyre all different, and so I think weve gotten better at it, he says. Corner Bakery sold to Pandya Restaurant group This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. Nothing Bundt Cakes is a leading franchisor and operator of gourmet bakeries. ATLANTA & MEMPHIS, TENN. (BUSINESS WIRE) Roark Capital, an Atlanta-based private equity firm focused on investing in franchised and multi-location businesses, announced today that its affiliate has acquired ServiceMaster Brands.ServiceMaster Brands, one of the nation's leading providers of residential and commercial restoration and cleaning services, operates a network of over 1,850 . See Neal K Aronson's compensation, career history, education, & memberships. These are very smart people, he says. ServiceMaster Brands is the parent company of ServiceMaster Restore, ServiceMaster Clean, Merry Maids, TWO MEN AND A TRUCK, AmeriSpec, and Furniture Medic. 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. 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. 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. For 91 years, we've been helping people take control of their financial futures. Jimmy John's Franchise, LLC is an American franchised sandwich fast food restaurant chain owned by Inspire Brands. Nothing Bundt Cakes is a leading franchisor and operator of gourmet bakeries. [16], Inspire Brands on September 25, 2018 announced that it was buying Oklahoma City-based Sonic Drive-In for $2.3 billion. Roark Capital-owned Driven Brands targets over $3 bln valuation in IPO. 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. Arbys is the largest drive-thru sandwich chain in the United States. Founded in 1975 and headquartered in San Rafael, CA, US Sports camps is the licensed operator of Nike Sports Camps. The Bar Method is a leading low-impact studio fitness franchise with locations across the US and Canada. Driven Brands has more than 2,000 centers across North America, and combined, all businesses generate more than $2.1 billion in system sales. Romaniello became the operating partner, and Hill was added as vice president of franchising and foodservice. 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. Primrose Schools is a leading franchisor of pre-K schools providing high quality educational programs for children 6 weeks to 5 years old and after-school learning programs for 6 to 12 year olds. Roark Acquires Great Expressions Dental Centers Jimmy John's is one of the largest sandwich chains in the US. At Roark, that patience is being tested with Arbys. Neal K Aronson, Roark Capital Group: Profile and Biography Roark Capital Group Contact: Debra Vilchis Fishman Public Relations 847-945-1300 [emailprotected], Cision Distribution 888-776-0942 They are an extremely knowledgeable group, he says, noting that the firms buy-and-hold philosophy is important to him as a lender and franchisee. Roark Capital-owned Driven Brands targets over $3 bln - Nasdaq Roark NEW YORK OFFICE 540 Madison Ave 37th Floor New York, NY 10022 Phone (212) 806-6000 Fax (212) 518-2028 www.roarkcapital.com Founded in 1983, Jimmy John's offers high-quality sandwiches with rapid preparation. 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. ICWG operates under the IMO banner in Europe and Asia-Pacific. Cheesecake operates its namesake brand and a high-volume Italian casual concept called North Italia. It was founded by Jimmy John Liautaud in 1983 and is headquartered in Champaign, Illinois. 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. serving 10,000+ campers per year. Our portfolio companies span multiple industries including food, restaurants, consumer and business services, health, wellness and fitness, and education and youth activities. Jamba is a category-leading smoothie and juice chain that offers a variety of high quality smoothies, juices, bowls and other products. With the acquisition of ICWG, affiliates of Roark have acquired 61 multi-unit brands which combined generate annual system revenues of approximately $25 billion from 28,000 locations in 50 states and 78 countries. We have been slowly and methodically learning as much as we can about restaurants, Romaniello says. They are like the Warren Buffett of restaurants.. For more information visit www.roarkcapital.com. Email this Business. Basecamp Fitness is a growing network of fitness studios featuring high-intensity and high-energy workout sessions. We dont know when yet, but it will happen, he says. How a young private equity firm came to own 16 restaurant brands with $11 billion in systemwide sales. The transaction will apparently not cost Paul Ginsberg, Roark Capitals president, his seat on Cheesecakes board. 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 . 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. HOME Orangetheory Fitness is one of the largest and fastest growing franchisors in the studio-based fitness market. Aronson says the firm talks about the core values and lives them out every day, and that theyre on laminated cards given to each of Roarks 45 employees. Buffalo Wild Wings is sold to owner of Arby's, Jimmy John's Moe's Southwest Grill is the neighborhood burrito place offering flavorful Southwestern fare with a healthy twist. Howard Roarks characteristics led to Roark Capitals 12 core values, including commitment, integrity, collaboration, and accountability. 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. Investor Spotlight: Roark Capital Group, where Ayn Rand meets Arby's Others acquire companies, do some financial engineering, and then flip them after a few years. FOCUS Brands is also the franchisor of Seattle's Best Coffee on certain military bases and in certain international markets. When I talked to Jack, he yelled at me and shamed me into starting Roark, Aronson says. Aronson began his career in investment banking and private equity in New York, working for several firms, including hedge fund Odyssey Partners. In 1996 Take 5 designed the first "5 Minute Drive-Thru Oil Change" location. Schlotzsky's is a chain of quick casual restaurants offering made-to-order sandwiches, soups, salads and pizza. Visit Website. Driven manages a family of automotive brands including ABRA, CARSTAR, Maaco, Meineke, Take 5, Uniban, 1-800 Radiator, and others. 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. Baseball Academy brings together college and high school coaches to provide camp programs to aspiring baseball and softball players across the United States. Win whats next. 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. 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 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. The Rinse-and-Repeat Franchise Model That Makes This Couple $25 Million I agree to receive PitchBook Data's electronic newsletters, updates, promotions and related messages Roark focuses on franchised and multi-unit business models in the retail, restaurant, consumer and business services sectors. Buffalo Wild Wings' Owner Has Diverse Empire - Business Insider 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. Get todays need-to-know restaurant industry intelligence. Private equity often involves deals of dizzying size to buy companies your average consumer has never heard of. They really know restaurants, says Andy Puzder, chief executive of Carpinteria, Californiabased CKE. [15], On August 16, 2018, The Wendy's Company announced that it sold its 12.3% stake in Inspire Brands back to the company for $450 million, which included a 38% premium over the stake's most recent valuation. 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. If the series of financial moves are completed as expected on June 15, Roarks interest in Cheesecake will be reduced to 2.4 million shares of common stock, or 4.6% of total shares outstanding. 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