PE Firm · Capital Allocator

Roark Capital Group

Medium
Atlanta, USA · Founded 2001 · AUM $37 billion · Website
Leveraged BuyoutMiddle-market InvestmentsFranchise/Multi-locationRestaurant and FoodHealth and WellnessBusiness ServicesConsumer and RetailNorth America
Last verified
7/7/2026

Firm Overview

42
Portfolio tracked
5
Sectors
1
Regions
7/7/2026
Last verified

Roark Capital Group is an American private equity firm specializing in leveraged buyout investments in middle-market companies.

Founded in 2001 by Neal K. Aronson, Roark Capital Group is an Atlanta-based private equity firm. The firm is named after Howard Roark, the protagonist in Ayn Rand's novel The Fountainhead, intended to represent the qualities of independence and self-assurance.

The firm primarily focuses on middle-market leveraged buyouts within specific niches including franchise and multi-location businesses, restaurants, food, health and wellness, and business services. Roark is well known for its massive portfolio of consumer brands, particularly in the fast-food and service sectors.

In recent years, the firm has made significant moves in the industry, including the acquisition of the sandwich chain Subway in 2023. As of late 2024, the firm was reportedly considering an initial public offering for its holding company Inspire Brands, which manages major labels such as Dunkin' and Arby's.

Founded2001
HeadquartersAtlanta, USA
AUM$37 billion
Target investmentMiddle-market companies
Employees138
StrategiesLeveraged Buyout, Middle-market Investments
Sector focusFranchise/Multi-location, Restaurant and Food, Health and Wellness, Business Services, Consumer and Retail
Geographic focusNorth America

Leadership

Neal K. Aronson
Managing Partner
Managing Partner and founder of Roark Capital Group; previously co-founded U.S. Franchise Systems.
Paul D. Ginsberg
President
Erik O. Morris
Chief Investment Officer

Notable Investments

SubwayInspire Brands (Dunkin', Arby's, Buffalo Wild Wings)GoTo Foods (formerly Focus Brands)CKE Restaurants (Carl's Jr., Hardee's)Anytime FitnessJimmy John'sAuntie Anne'sCinnabonServiceMaster BrandsThe Cheesecake FactoryWingstopCulver's

Historical and current deals referenced in public sources.

Portfolio Companies

CompanySectorStatusWebsite
1-800 Radiator (Driven Brands)Franchise / Multi-UnitCurrentVisit ↗
ABRA (Driven Brands)Franchise / Multi-UnitCurrentVisit ↗
Anytime Fitness (Purpose Brands)Franchise / Multi-Unit, Health and WellnessCurrentVisit ↗
Arby's (Inspire Brands)Franchise / Multi-Unit, Restaurant and FoodCurrentVisit ↗
ATI (Driven Brands)Franchise / Multi-UnitCurrentVisit ↗
Auntie Anne's (GoTo Foods)Franchise / Multi-Unit, Restaurant and FoodCurrentVisit ↗
Baskin-Robbins (Inspire Brands)Franchise / Multi-Unit, Restaurant and FoodCurrentVisit ↗
Buffalo Wild Wings (Inspire Brands)Franchise / Multi-Unit, Restaurant and FoodCurrentVisit ↗
CARSTAR (Driven Brands)Franchise / Multi-UnitCurrentVisit ↗
Carvel (GoTo Foods)Franchise / Multi-Unit, Restaurant and FoodCurrentVisit ↗
Cinnabon (GoTo Foods)Franchise / Multi-Unit, Restaurant and FoodCurrentVisit ↗
CKE RestaurantsFranchise / Multi-Unit, Restaurant and FoodCurrentVisit ↗
Culver’sFranchise / Multi-Unit, Restaurant and FoodCurrentVisit ↗
Dave’s Hot ChickenFranchise / Multi-Unit, Restaurant and FoodCurrentVisit ↗
Divisions Maintenance GroupBusiness ServicesCurrentVisit ↗
Driven BrandsFranchise / Multi-UnitCurrentVisit ↗
Dunkin’ (Inspire Brands)Franchise / Multi-Unit, Restaurant and FoodCurrentVisit ↗
Fitness ConnectionFranchise / Multi-Unit, Health and WellnessCurrentVisit ↗
GoTo FoodsFranchise / Multi-Unit, Restaurant and FoodCurrentVisit ↗
Ground Penetrating Radar Systems (GPRS)Business ServicesCurrentVisit ↗
i9 Sports (Youth Enrichment Brands)Franchise / Multi-Unit, Education and Youth ActivitiesCurrentVisit ↗
Inspire BrandsFranchise / Multi-Unit, Restaurant and FoodCurrentVisit ↗
Installation Made EasyBusiness Services, Franchise / Multi-UnitCurrentVisit ↗
Jamba (GoTo Foods)Franchise / Multi-Unit, Restaurant and FoodCurrentVisit ↗
Jim ‘N Nick’s Bar-B-QFranchise / Multi-Unit, Restaurant and FoodCurrentVisit ↗
Jimmy John’s (Inspire Brands)Franchise / Multi-Unit, Restaurant and FoodCurrentVisit ↗
KE Camps (Youth Enrichment Brands)Franchise / Multi-Unit, Education and Youth ActivitiesCurrentVisit ↗
Maaco (Driven Brands)Franchise / Multi-UnitCurrentVisit ↗
Massage EnvyFranchise / Multi-Unit, Health and WellnessCurrentVisit ↗
MathnasiumFranchise / Multi-Unit, Education and Youth ActivitiesCurrentVisit ↗
McAlister's Deli (GoTo Foods)Franchise / Multi-Unit, Restaurant and FoodCurrentVisit ↗
Meineke (Driven Brands)Franchise / Multi-UnitCurrentVisit ↗
Merry Maids (ServiceMaster Brands)Franchise / Multi-UnitCurrentVisit ↗
Miller's Ale HouseFranchise / Multi-Unit, Restaurant and FoodCurrentVisit ↗
Moe's Southwest Grill (GoTo Foods)Franchise / Multi-Unit, Restaurant and FoodCurrentVisit ↗
Orangetheory Fitness (Purpose Brands)Franchise / Multi-Unit, Health and WellnessCurrentVisit ↗
Primrose SchoolsFranchise / Multi-Unit, Education and Youth ActivitiesCurrentVisit ↗
Purpose BrandsFranchise / Multi-Unit, Health and WellnessCurrentVisit ↗
SafeSplash (Youth Enrichment Brands)Franchise / Multi-Unit, Education and Youth ActivitiesCurrentVisit ↗
Schlotzsky's (GoTo Foods)Franchise / Multi-Unit, Restaurant and FoodCurrentVisit ↗
School of Rock (Youth Enrichment Brands)Franchise / Multi-Unit, Education and Youth ActivitiesCurrentVisit ↗
Seattle's Best International (GoTo Foods)Current

Source: https://www.roarkcapital.com/portfolio

Sources

This profile is based on publicly available information and may be incomplete or outdated. PE Firm Index is not affiliated with Roark Capital Group and does not provide investment advice.

More PE firms in Franchise/Multi-location

Browse the full PE firms directory.