Roark Capital Portfolio Company FOCUS Brands® to Acquire Auntie Anne’s®
Atlanta, GA (October 8, 2010) Roark Capital, an Atlanta-based private equity firm, announced today that one of its portfolio companies, FOCUS Brands, has entered into a definitive agreement to acquire Auntie Anne’s, the franchisor of the world’s largest hand-rolled soft pretzel chain. Headquartered in Lancaster, Pa., Auntie Anne’s has nearly 1,100 stores in 44 states and 21 countries. The transaction is expected to close later this fall.
FOCUS Brands Inc.® Names Gary Bales as President of Cinnabon
Atlanta, GA (July 14, 2009) FOCUS Brands Inc., the franchisor and operator of over 2,200 ice cream stores, bakeries, restaurants and cafes, announced today that Gary Bales will be appointed President of Cinnabon when current president Geoff Hill joins parent company Roark Capital Group as Vice President on January 1, 2010. FOCUS Brands consists of Carvel®, Cinnabon®, Schlotzsky’s®, Moe’s Southwest Grill® and Seattle’s Best Coffee® International. Gary will be assuming Geoff’s role in addition to his existing role as President of Carvel.
FOCUS Brands Inc.® Names Russ Umphenour as President and CEO
Atlanta, GA (Nov 10, 2008) FOCUS Brands Inc. announced today that Russ Umphenour has been named President and CEO. Former Chief Executive Steve Romaniello has been named Chairman of the Board, and joins Roark Capital Group as Managing Director and a member of the private equity firm’s Investment Committee.
Moe’s Southwest Grill® Names Paul Damico as Brand President
Atlanta, GA (May 6, 2008) FOCUS Brands® announced today that Paul Damico has been named brand president of Moe’s Southwest Grill®, the fast growing fast-casual restaurant best known for its flavorful Southwestern fare served in a vibrant and inviting atmosphere.
Schlotzsky’s® Names Kelly Roddy Brand President
Atlanta, GA and Austin, TX (December 10, 2007) – FOCUS Brands® announced today that Kelly Roddy has been named brand president of Schlotzsky’s, the choice quick-casual restaurant for the highest-quality sandwiches, pizzas, salads, and soups with over 360 locations nationwide.