Roark Capital Group is slated to become the owner of Subway via an acquisition that the privately-owned chain unveiled Thursday. FOX Business takes a closer look at the private equity firm.
to its lineup, Roark has majority ownership of Inspire Brands and Focus Brands, according to past press releases from the private equity firms.. Some of them include Arby’s, Auntie Anne’s Pretzels, Baskin Robbins, Buffalo Wild Wings, Cinnabon, Dunkin’, Jimmy John’s and Sonic.The Roark Capital-owned company Inspire Brands acquired Dunkin' Brands for $11.3. billion In December 2020.Jimmy John’s, a peer of Subway in the sandwich market, has a retail footprint spanning over 2,800 locations.
Roark is tied to Carl’s Jr and Hardee’s, two fast-food chains, through a majority stake in CKE Restaurants, which it picked up in 2013, according to a press release. It has other investments in the food sector, as well. On its website, it has identified the respective owners of Two Men and a Truck, International Car Wash Group and Basecamp Fitness as among some ofRoark brings in "approximately $77 billion in annual system revenues" through its array of ventures, the company has said.
The private equity firm’s name derives from the main character in Ayn Rand’s 1943 book "The Fountainhead." How it operates is "meant to emulate those principles of independence and integrity" that the character showed, according to Roark.
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