Company type | Private |
---|---|
Industry | Private equity |
Founded | 2001 |
Founder | Neal Aronson (managing partner) |
Headquarters | , U.S. |
Key people |
|
Products | Leveraged buyout |
AUM | US$37 billion (2023) [1] |
Number of employees | 1.4 million [2] |
Website | roarkcapital |
Roark Capital Management, LLC, [3] also known as Roark Capital Group or simply Roark Capital, is an American private equity firm with around $37 billion in assets under management. The firm is focused on leveraged buyout investments in middle-market companies, primarily in the franchise/multi-location, restaurant and food, health and wellness, and business services sectors. It is named for Howard Roark, the protagonist in Ayn Rand's novel The Fountainhead . The firm claims that its name is not meant to connote any particular political philosophy but instead signify the firm's admiration for the iconoclastic qualities of independence and self-assurance embodied by the central figure in The Fountainhead. [4]
The firm, which is based in Atlanta, Georgia, was founded in 2001 by the current Managing Partner, Neal K. Aronson. [5] Senior team members include President Paul D. Ginsberg, Chief Investment Officer Erik O. Morris, and Managing Directors Timothy Armstrong, Stephen D. Aronson, Dennis Gies, Clay Harmon, Geoff Hill, Kevin Hofmann, Ian Picache, Gregory Smith, Sarah Spiegel, Michael Thompson, and David Wierman.
Prior to founding Roark Capital Group in 2001, Aronson was a co-founder of U.S. Franchise Systems in 1995.
Roark's current and former portfolio companies include:
Subway IP LLC, trading as Subway, is an American multinational fast food restaurant franchise that specializes in submarine sandwiches (subs) and wraps. It was founded by Fred DeLuca and financed by Peter Buck in 1965 as Pete's Super Submarines in Bridgeport, Connecticut. After several name changes, it was renamed Subway in 1972, and a franchise operation began in 1974 with a second restaurant in Wallingford, Connecticut.
Arby's is an American fast food sandwich restaurant chain with more than 3,300 restaurants. The flagship property of Inspire Brands, it ranked third in systemwide sales in the United States in the quick-service and fast-casual restaurant industries in 2012, behind Subway and Panera Bread. In October 2017, Food & Wine called Arby's "America's second largest sandwich chain ".
Cinnabon, Inc., is an American chain of baked goods stores and kiosks, normally found in areas with high pedestrian traffic such as malls, airports and rest stops. The company's signature item is the cinnamon roll. As of December 2017, there are more than 1,200 Cinnabon bakeries operating in 48 countries. Its headquarters are in Sandy Springs, Georgia, United States.
Dunkin' Brands Group, Inc. was an American restaurant holding company that ran three chains of fast-food restaurants: Dunkin' Donuts, Mister Donut, and Baskin-Robbins. It was headquartered in Canton, Massachusetts. It was acquired by Inspire Brands in 2020.
CKE Restaurants Holdings, Inc. is an American fast food corporation and is the parent organization for the Carl's Jr., Hardee's, Green Burrito, and Red Burrito brands. CKE Restaurants is headquartered in Franklin, Tennessee.
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McAlister's Deli is an American chain of fast casual restaurants founded in 1989 in Oxford, Mississippi, by retired dentist Dr. Don Newcomb. There are currently over 500 locations in 29 states. The menu includes deli sandwiches, "giant spuds", soups, salads, and desserts, as well as catering items such as sandwich trays and boxed lunches. The chain is also known for its McAlister's Famous Sweet Tea, which is available by glass or gallon.
The Wendy's Company is an American parent company for the major fast food chain Wendy's. Originally founded as the Deisel-Wemmer Company, it is sourced in Dublin, Ohio. The company's principal subsidiary, Wendy's International, is the franchisor of Wendy's restaurants.
The Agana Shopping Center is a shopping mall located in Hagåtña, the capital of the United States territory of Guam. Opening in 1978, the mall is one of numerous malls on Guam. It is owned by Philippines-based retail firm SM Prime since 2003. Main competitors include Micronesia Mall in Dededo and Guam Premier Outlets in Tamuning.
Bruckmann, Rosser, Sherrill & Co. is an American private equity firm focused on growth capital investments in middle-market companies in the consumer products, specialty retail and restaurant sectors.
Love's Travel Stops & Country Stores, doing business as Love's, is an American family-owned and -operated chain of more than 630 truck stops in 42 states in the United States. The company is privately owned and headquartered in Oklahoma City. Love's ranked No. 10 on the 2022 Forbes list of America's largest private companies. Love's has two primary kinds of stores: country stores and travel stops. Country stores are fueling stations with a convenience store attached. The larger travel stops are located along highways and offer additional amenities such as food from restaurant chains such as Arby's, Bojangles, Burger King, Chester's, Dunkin' Donuts, McDonald's, Taco John's, Subway, Wendy's, Hardee's/Carl's Jr., truck parking spaces, showers and laundry. The company started adding RV hookups and RV Stops in 2022. Love's had more than 40,000 employees in 2023.
Express Oil Change & Tire Engineers is an American automotive maintenance brand, with services including its signature 10 minute oil change, in addition to full-service mechanical, tires, brakes, and more general service offerings. The company is headquartered in Birmingham, AL, where it was founded in 1979.
Inspire Brands LLC is an American fast-food restaurant franchise company. Owned by Roark Capital Group, it owns the Arby's, Buffalo Wild Wings, Sonic Drive-In, Jimmy John's, Mister Donut, Dunkin' Donuts, and Baskin-Robbins chains, which have a combined 31,700 locations and US$30 billion in system sales.
Quadrant Private Equity is an Australian private equity investment firm based in Sydney, Australia. The company was founded as Quadrant Capital in 1996 by Chris Hadley. By 2022, the Managing Partner was Jonathan Pearce.
U.S. Franchise Systems was a franchise company that owned Microtel Inns and Suites and Hawthorn Suites. It was founded in 1995 by Michael A. Leven and his nephew Neal Aronson.
Paul J. Brown is an American businessman and the co-founder and chief executive officer of Inspire Brands. He is the former chief executive officer of Arby’s.
Neal Keith Aronson is an American billionaire businessman, and the founder and managing partner of Roark Capital Group, a private equity firm.