Roark Capital Group acquired Arby’s, Jimmy John’s, and Massage Envy before buying Buffalo Wild Wings.
- Roark Capital Group finalized its deal to acquire Buffalo Wild Wings for $2.9 billion on February 5.
- The private-equity firm helped turn around Arby’s after buying a majority stake in 2011.
- The firm has a diverse portfolio that includes restaurants, gyms, and auto repair centers.
The parent company of Arby’s, Roark Capital Group, finalized its $2.9 billion deal to acquire Buffalo Wild Wings on February 5. The deal will create a new operating company, Inspire Brands, that will control Arby’s, Buffalo Wild Wings, and R Taco. Former Arby’s CEO Paul Brown was named CEO of the new company.
Buffalo Wild Wings had struggled in the years before the acquisition, but Roark Capital rescued Arby’s from a similar position in 2011. The private-equity firm has built a diverse portfolio that includes restaurants, gyms, and auto repair centers.
Here are some of the highlights of that portfolio.
The sandwich chain has undergone a massive turnaround since Roark bought a majority stake in 2011. In 2016, Arby’s counted $3.7 billion in revenue, which was a 20% increase from 2013.
A food-court staple, pretzel chain Auntie Annie’s was acquired by Focus Brands, one of Roark’s portfolio companies, in 2010.
Roark purchased the fast-casual chain in 2011.
After growing to over 2,000 locations and $2 billion in revenue, Jimmy John’s sold a majority stake to Roark in 2016.
Meineke Car Care
Roark bought the car repair franchise’s parent company, Driven Brands, in 2015.
Source: Pulse. Ng