- Roark Capital Group has acquired Buffalo Wild Wings for $US2.9 billion.
- 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 centres.
After struggling to deal with historically high chicken wing prices and millennial disinterest, Buffalo Wild Wings has been acquired by Roark Capital Group for $US2.9 billion. Known for rescuing Arby’s from a similar position in 2011, the private-equity firm has built a diverse portfolio that includes restaurants, gyms, and auto repair centres.
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. Last year, Arby’s counted $US3.7 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 $US2 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.
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