M&A Deal Summary

Roark Capital Group Acquires Jim ‘N Nick’s Bar-B-Q

On July 10, 2017, private equity firm Roark Capital Group acquired restaurant Jim ‘N Nick’s Bar-B-Q

Acquisition Highlights
  • This is Roark Capital Group’s 6th transaction in the Restaurants sector.
  • This is Roark Capital Group’s 30th transaction in the United States.
  • This is Roark Capital Group’s 1st transaction in Alabama.

M&A Deal Summary
Date 2017-07-10
Target Jim ‘N Nick’s Bar-B-Q
Sector Restaurants
Buyer(s) Roark Capital Group
Deal Type Buyout (LBO, MBO, MBI)

Target

Jim ‘N Nick’s Bar-B-Q

Vestavia Hills, Alabama, United States
Jim ‘N Nick’s Bar-B-Q is a full-service restaurant brand specializing in authentic, made-from-scratch barbecue and Southern inspired cuisine prepared with high-quality, fresh ingredients. Jim ‘N Nick’s Bar-B-Q today has 37 locations in seven states. Jim ‘N Nick’s Bar-B-Q was founded in 1985 and is based in Vestavia Hills, Alabama.

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Buyer(S) 1

Buyer

Roark Capital Group

Atlanta, Georgia, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2001
PE ASSETS 33.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Roark Capital Group is a private equity firm that focuses on middle-market investment opportunities. The Firm targets family-owned business transfers, management/corporate buyouts, recapitalizations, going-private transactions, and corporate divestitures. Roark Capital Group pursues companies with revenues between $20 million and $5 billion, and EBITDA of $10 to $500 million. Roark Capital primarily invests in consumer and business services companies, with a particular interest in the franchise, food and restaurant, specialty retail, direct marketing and financial services sectors. Roark Capital Group was formed in 2001 and is headquartered in Atlanta, Georgia.

DEAL STATS #
Overall 32 of 44
Sector (Restaurants) 6 of 9
Type (Buyout (LBO, MBO, MBI)) 10 of 12
State (Alabama) 1 of 1
Country (United States) 30 of 42
Year (2017) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-04-11 Simply Good Foods

Denver, Colorado, United States

Simply Good Foods is a food company with a product portfolio consisting primarily of nutrition bars, ready-to-drink shakes, sweet and salty snacks, and confectionery products marketed under the Atkins®, Quest®, and Atkins Endulge® brand names. Simply Good Foods was formed in 1989 and is headquartered in Denver, Colorado.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-08-17 International Car Wash Group

Centennial, Colorado, United States

International Car Wash Group is a large local car wash conglomerate washing millions of cars across North America and Europe. The Company was established in 1965 and is headquartered in Centennial, Colorado.

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