Neal Aronson, managing partner of Roark Capital Group, said, "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."
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.
Moddelmog, Arby's President, added, "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."
Source: Roark Capital Group