Roark Capital acquires restaurant chain
A private equity firm based in Atlanta announced that its affiliate purchased restaurant chain Miller's Ale House from Jack Miller and SKM Equity Fund.
The latest investment is the 13th restaurant for Roark Capital Group. The ventures include Auntie Anne's, Cinnabon, Corner Bakery, Fornaio, Carvel Ice Cream, Wingstop, Moe's Southwest Grill, MacAlister's Deli, Schlotzsky's and Arby's.
Phil Hickey, who has nearly four decades of experience in the restaurant industry, was appointed as chairman of Ale House as part of the deal.
Hickey said that Miller's Ale House has distinguished itself within the Sports Bar and Grill segment. "Jack Miller and the entire Ale House team have created a truly unique restaurant concept focused on great food, great service and great value," he said.
Roark's portfolio comprises over US $11 billion in sales as well as 11,000 locations in 50 US states as well as 66 countries.
Jack Miller, Founder and CEO, said that "Roark's experience with restaurant operations will help us continue the success and growth of the Miller's Ale House brand."