Roark Capital Acquires Mathnasium

Roark Capital Acquires Majority Stake in Fitness Connection

February 4, 2019

Consumer Products

Roark Capital, an Atlanta-based private equity firm, acquired a majority stake in Fitness Connection from LNK Partners. The investment positions Fitness Connection—an affordable, multi-location fitness chain operating 41 clubs with over 500,000 members—for national growth and expansion under Roark’s multi-unit consumer expertise; terms were not disclosed.

Roark Capital Acquires Subway Restaurants

August 24, 2023

Restaurants & Hospitality

Subway has entered into a definitive agreement to be acquired by affiliates of Roark Capital. The deal pairs Subway's global quick-service restaurant footprint with Roark's franchise and multi-location leadership to support growth, restaurant modernization and franchisee initiatives.

Chegg Acquires Mathway

June 4, 2020

Education

Chegg, Inc. acquired Mathway, a popular math solver with subscribers in approximately 100 countries, for approximately $100 million in cash plus up to $15 million in potential contingent payments. The acquisition adds Mathway's step-by-step solver, multi-language support and live expert help to Chegg's direct-to-student learning platform to expand math subject coverage and international reach.

Youth Enrichment Brands (Roark) Acquires i9 Sports from LNC Partners

October 19, 2021

Education

i9 Sports, a Tampa-based franchisor of multi-sport youth leagues, has been acquired by Youth Enrichment Brands, a platform company backed by Roark Capital. The deal marks an add-on acquisition to the Youth Enrichment Brands platform as LNC Partners exits its investment; i9 Sports' management will remain in place to support continued growth across its nationwide footprint.

Youth Enrichment Brands (Roark) Acquires School of Rock from Sterling Partners

October 24, 2023

Education

Youth Enrichment Brands (YEB), the Roark Capital-backed youth activities platform headquartered in San Rafael, California, has acquired School of Rock, the performance-based music education franchisor and operator. The deal brings School of Rock’s more than 500 schools and 180,000+ students into the YEB network as an add-on to expand YEB’s music education capabilities and accelerate growth; Sterling Partners exited as seller.

Roark Capital Invests in Divisions Maintenance Group

August 17, 2020

Industrial Services

Roark Capital, through an affiliate, has closed an investment in Divisions Maintenance Group (DMG), a tech-enabled facilities maintenance provider headquartered in Newport, Kentucky. The partnership will provide capital and Roark's operational expertise to accelerate DMG's growth and further develop its technology and service delivery across thousands of multi-unit locations.