Driven Brands inks buy of 1-800-Radiator & A/C

Driven Brands, which is backed by Roark Capital, has agreed to buy 1-800-Radiator & A/C. Financial terms weren’t announced. Benicia, California-based 1-800-Radiator & A/C is franchised automotive parts distributor in North America.


Roark Capital buys Pet Supermarket

Roark Capital Group said Wednesday it has acquired Pet Supermarket. The seller was Charles West Jr., Pet Supermarket’s founder. Financial terms weren’t announced. Pet Supermarket, a pet specialty retailer, will continue to be led by CEO Diane Holtz and headquartered in Sunrise, Florida. News of the deal was reported by peHUB in April. Golub Capital provided financing. Steve Tishman of Houlihan Lokey advised Pet Supermarket.


Roark Capital’s Wingstop names new CFO

Wingstop Restaurants, a portfolio company of Roark Capital Group, has hired Michael Mravle as chief financial officer. The appointment is effective immediately. Mravle will be replacing Lance Loshelder who has been named the company’s executive vice president of finance. Previously, Mravle worked at Bloomin’ Brands where he most recently served as group vice president of financial planning & analysis and U.S. CFO. Headquartered in Dallas, Wingstop Restaurants is a restaurant franchise.


Roark Capital acquires Central Jersey Waste and Recycling

Roark Capital‘s environmental services platform Synergy Environmental Corp. has acquired Central Jersey Waste and Recycling and sister companies, Premier Food Waste Recycling and Central Repairs. No financial terms were disclosed. Headquartered in Ewing, NJ, CJW is a provider of waste and recycling services for the New Jersey and Pennsylvania markets.

Washington Pledges $1.3B to PE and Infrastructure Funds

In one of the largest series of commitments this year, the $84 billion Washington State Investment Board pledged $750 million to private equity funds and another $500 million to infrastructure funds, one of the fastest-growing asset classes among pension investors…

Roark Capital buys The Home Service Store

Roark Capital Group has acquired The Home Service Store. Financial terms weren’t announced. Kennesaw, Ga.-based Home Service Store provides consumers with solutions for the purchase and installation of do-it-for-me home improvement projects. PRESS RELEASE Roark Capital Group, an Atlanta-based private equity firm announced today that it has acquired The Home Service Store. The Home Service […]

Roark Capital Reaches $462M Mark for Fund III

Roark Capital Group, an Atlanta-based buyout firm that specializes in franchise businesses such as restaurants, has raised $462 million for its latest mid-market vehicle, Roark Capital Partners III LP, according to a regulatory filing, and sister magazine Buyouts. The fund has a $1.25 billion target.

Slideshow: PE Firms Chowing Down on Restaurants

Private equity firms can barely stop licking their chops — at least, at first. One after another, they’re either scoring mega multiples on, or backing the proverbial truck up for, restaurant deals (sometimes, in the same transaction). Financial sponsors are gobbling up listed restaurants and private companies, taking fried chicken joints and steakhouses to improve […]

Moelis Capital Buys CyberCore Tech from Roark Capital

Moelis Capital Partners, the PE arm of Moelis & Co., said Monday that it has acquired CyberCore Technologies. Financial terms weren’t announced. Roark Capital was the seller. Elkridge, Md.-based CyberCore provides IT services to the federal government and intelligence community. FBR & Co. acted as financial advisor to MCP. SunTrust Robinson Humphrey, RBS Citizens and Bank of America provided senior debt financing and Hancock Capital Partners Investment Management provided the mezzanine financing.

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