Wayne, Pa. — Pet Valu, Inc., a specialty retailer of pet food and supplies in the United States, plans to commence a wind down of its operations due to severe impact from COVID-19. The company expects that all of its 358 stores and warehouses in the Northeastern and Midwestern U.S., as well as its corporate office in Wayne, Pa., will close by the end of the wind-down process. Pet Valu U.S. licenses its name and contracts for certain services from Pet Valu Canada, which is a separate company based in …
Roark Capital
Newport, Ky., and Atlanta — An affiliate of Roark Capital, an Atlanta-based private equity firm, has closed on an investment in Divisions Maintenance Group. 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. Newport, Ky.-based DMG’s proprietary systems and technology connect customers with maintenance solutions to transform their facility program by managing vendors, collecting data and maximizing cost-savings. “We are delighted to partner with Roark,” says …
Atlanta and Champaign, Ill. — Inspire Brands Inc., the parent company of Arby’s, has agreed to acquire Jimmy John’s Gourmet Sandwiches. Terms of the transaction, expected to close by the end of October, were not disclosed. The Jimmy John’s board of directors, including founder and chairman Jimmy John Liautaud, unanimously approved the agreement. Jimmy John’s had $2.15 billion in U.S. sales last year across 2,803 stores, a roughly 50% increase in both sales and locations since 2013, according to The Wall Street Journal. Jimmy John’s, based in Champaign, Ill., opened …
Charlotte, N.C. — Take 5 Oil Change, a drive-thru quick lube franchise under the Driven Brands family, will open its 400th location in September. Last year, the brand celebrated its 300th-store milestone and has rapidly grown its footprint nationwide by opening 100 locations in only a year. Additionally, during the first half of 2019, Take 5 signed area development agreements to open 58 new franchised locations and also acquired Advance Kwik Lube, a 25-unit quick lube and automotive service chain in Texas. “2019 has proved to be the strongest year …