Roark Capital Group Explained

Roark Capital Management, LLC
Type:Private
Location City:Atlanta, Georgia
Location Country:U.S.
Industry:Private equity
Products:Leveraged buyout
Aum: (2023)[1]
Num Employees:1.4 million[2]

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 says 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]

History

The firm, which is based in Atlanta, Georgia, was founded in 2001 by the current Managing Partner, Neal K. Aronson. 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.

Investments

Roark's current and former portfolio companies include:

Current investments

[7] (Arby's, Buffalo Wild Wings, Sonic Drive-In,[8] Jimmy John's, Dunkin', Mister Donut, Baskin-Robbins)

Former investments

Notes and References

  1. Web site: Sandwich chain Subway will be sold to fast-food investor Roark Capital. 2023-08-24. Associated Press. Durbin. Dee-Ann.
  2. https://www.adviserinfo.sec.gov/IAPD/content/viewform/adv/Sections/iapd_AdvAdvisoryBusinessSection.aspx?ORG_PK=160368&FLNG_PK=0570CF060008019903D9DED1012CEEE5056C8CC0 Form ADV filing
  3. Web site: 2004-11-24 . Roark Capital Management, LLC . 2023-08-27 . OpenCorporates.
  4. Web site: About Our Name. Roark Capital Group . en-US. 2017-05-25.
  5. News: ROARK CAPITAL BUYS A PIECE OF CHEESECAKE FACTORY. Restaurant Business Online. 2020-04-20.
  6. News: Atlanta private equity firm buys another fitness chain. Atlanta Business Chronicle. 2019-02-04.
  7. Web site: The Wendy's Company Sells Ownership Interest in Inspire Brands for $450 Million. wendys.com. Wendy's Company. 25 September 2018. 16 August 2018.
  8. News: Thorn . Bret . Inspire Brands to buy Sonic Corp. for $2.3B . 25 September 2018 . Nation's Restaurant News . 26 September 2018.
  9. News: Roark Capital Group Acquires Jim 'N Nick's Bar-B-Q. 2017-07-10.
  10. Web site: Pet Retail Brands: North America's 3rd Largest Pet Retailer. chainstoreguide.com. Chain Store Guides, LLC. 26 March 2021. 8 October 2018.
  11. News: Lucas . Amelia . Subway sandwich chain sells itself to Dunkin’ owner Roark Capital . 24 August 2023 . CNBC . 24 August 2023.
  12. Web site: Kaiser . Tom . 2016-07-22 . Roark Sells Batteries Plus Bulbs as Retail Heats Up . 2023-09-04 . franchisetimes.com . en.
  13. News: Atlanta's Roark Capital buys Il Fornaio parent firm. San Francisco Chronicle. 2011-06-14.

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