- 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.
Anytime Fitness
Roark purchased an undisclosed stake in the fitness chain in 2014. It currently has over 3,000 locations, some of which are open 24 hours.
Arby's
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.
Auntie Annie's
A food-court staple, pretzel chain Auntie Annie's was acquired by Focus Brands, one of Roark's portfolio companies, in 2010.
See the rest of the story at Business Insider