Buffalo Wild Wings' new owner has an empire of restaurants, gyms, and auto repair centers by Mark Matousek on Nov 28, 2017, 1:34 PM Advertisement
 - Roark Capital Group has acquired Buffalo Wild Wings for $2.9 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 centers.
After struggling to deal with historically high chicken wing prices and millennial disinterest, Buffalo Wild Wings has been acquired by Roark Capital Group for $2.9 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 centers. Here are some of the highlights of that portfolio. SEE ALSO: The private-equity firm that saved Arby's is making a $2.9 billion bet that it can do the same for Buffalo Wild Wings 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. Last year, 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 |
No comments:
Post a Comment