Roark Capital Group, an Atlanta-based private equity firm that focuses on investing in franchise and brand management companies, announced that its affiliate has completed the acquisition of Arby's Restaurant Group, the second largest quick-service sandwich chain in the United States with more than 3,600 restaurants.
"Arby's is an iconic brand with a unique position in the marketplace. We are excited to partner with Arby's president Hala Moddelmog and the many dedicated employees and franchisees of the Arby's brand," says Neal Aronson, managing partner of Roark Capital Group.
Arby's represents the 21st franchise brand and the 11th restaurant company acquired by Roark. Roark's franchise systems generate nearly $8 billion of system revenues through approximately 3,500 franchisees and 10,000 stores that operate in 50 states and 47 countries.
"We are very excited about what the future holds as part of the Roark family of franchise brands. Roark's proven track record in the franchise and restaurant sectors makes them an ideal partner for Arby's," says Moddelmog, Arby's president.