roark capital group

Driving Force

by Katie Lee March 25, 2021

Just in time for its 50th anniversary, Schlotzsky’s rolls out two new prototypes with plans to build on lessons learned during COVID-19. — By Katie Lee — At Schlotzsky’s, the drive-thru has always been a driving force of its business. Eighty-five percent of its 339 locations already had a drive-thru — often with double lanes — and this positioned the sandwich chain well when COVID-19 changed the world in early 2020. Schlotzsky’s already understood customers’ evolving needs — and the pandemic accelerated that evolution. Several years prior to the …

March 25, 2021

News restaurants

Roark Capital Invests $200 Million in The Cheesecake Factory Amid Pandemic-Related Closures

by Katie Lee April 28, 2020

Atlanta and Calabasas Hills, Calif. — Roark Capital Group, a private equity firm based in Atlanta, has invested $200 million in The Cheesecake Factory Inc., owner and operator of the chain of restaurants of the same name. The Calabasas Hills, Calif.-based company also owns and operates the North Italia chain, as well as a collection of restaurants within the Fox Restaurant Concepts subsidiary. The funds will be used to immediately help The Cheesecake Factory navigate the COVID-19 pandemic, in which its dine-in service has been closed. The company, which has …

April 28, 2020

News restaurants

Focus Brands to Acquire Jamba Juice for $200 Million

by Katie Lee August 7, 2018

Atlanta and Frisco, Texas — Focus Brands Inc. (FBI) and Jamba, Inc. have entered into a definitive merger agreement under which FBI will acquire Jamba for approximately $200 million.

August 7, 2018

News restaurants

Arby’s Completes $2.9 Billion Acquisition of Buffalo Wild Wings, Launches New Company

by Katie Lee February 7, 2018

Atlanta — Arby’s Restaurant Group Inc. has completed its previously announced $2.9 billion acquisition of Buffalo Wild Wings Inc. As part of the transaction, the company launched a new restaurant company known as Inspire Brands Inc. The company will oversee the growth of Arby’s, Buffalo Wild Wings and an emerging brand, R Taco.

February 7, 2018

News restaurants

Arby’s Owner Roark To Acquire Buffalo Wild Wings for $2.4 Billion

by Katie Lee November 28, 2017

Atlanta — Arby’s restaurant owner Roark Capital Group will buy Buffalo Wild Wings for $2.4 billion, or $157 per share. Including debt, the Buffalo Wild Wings deal is valued at about $2.9 billion.

November 28, 2017

News retailers

Roark Capital Group Invests in Drybar

by Katie Lee July 5, 2016

Atlanta — An affiliate of Roark Capital Group, an Atlanta-based private equity firm, has acquired a minority interest in Drybar, an innovative brand that has revolutionized the blowout industry. Terms of the transaction were not disclosed.

July 5, 2016

News people retailers

Massage Envy Names New CEO

by Katie Lee January 19, 2016

Scottsdale, Ariz. — Massage Envy, the national leader in massage and skincare services, has hired Joseph C. Magnacca as its new chief executive officer. Former CEO Dave Crisalli will continue to serve the business as a member of its board.

January 19, 2016

News

Roark Capital Group Acquires Pet Supermarket

by Katie Lee May 14, 2015

Sunrise, Fla. — An affiliate of Roark Capital Group, an Atlanta-based private equity firm, has acquired Pet Supermarket, a leading pet specialty retailer in the Southeast, from Charles E. West, Jr., the company’s founder. Pet Supermarket will remain headquartered in Sunrise, Fla., and continue to be led by Diane Holtz, its chief executive officer.

May 14, 2015