FOCUS Brands (Roark Capital) Completes Purchase of Auntie Anne’s

Subway Restaurants to Be Acquired by Roark Capital Affiliates

August 24, 2023

Restaurants & Hospitality

Subway announced it entered into a definitive agreement to be acquired by affiliates of Roark Capital. The deal combines Subway’s global footprint and brand strength with Roark’s experience in restaurant and franchise business models, and is subject to regulatory approvals and customary closing conditions.

The Aaron's Company Acquires BrandsMart U.S.A.

February 23, 2022

Retail

The Aaron's Company, Inc. agreed to acquire BrandsMart U.S.A. (Interbond Corporation of America) from the Perlman family for approximately $230 million in cash. The acquisition, expected to close in Q2 2022, expands Aaron's retail footprint and e-commerce assortment while enabling Aaron's to offer in-house lease-to-own solutions to BrandsMart customers and drive revenue and EBITDA growth.

The Hershey Company Acquires Dot's Pretzels and Pretzels Inc.

November 10, 2021

Food & Beverage

The Hershey Company entered into definitive agreements to acquire Dot's Pretzels LLC and Pretzels Inc., expanding its salty-snacking portfolio and pretzel manufacturing capabilities. The combined transaction is valued at approximately $1.2 billion (about $1.0 billion net of expected tax benefits) and is expected to close by the end of 2021, subject to customary regulatory approvals.

Ampex Brands Acquires Au Bon Pain from ABP Corporation (Panera Bread)

June 30, 2021

Restaurants & Hospitality

Ampex Brands, a large Yum! and 7‑Eleven franchisee based in Richardson, Texas, acquired Au Bon Pain from ABP Corporation, a subsidiary of Panera Bread. The deal (closed June 29) brings 171 Au Bon Pain locations into the Ampex portfolio, grants franchising rights to an additional 131 locations, and transitions Ampex into a franchisor role as it seeks to reopen, stabilize and expand the legacy bakery-café brand.

Lindsay Goldberg Acquires ARYZTA North America

March 12, 2021

Food & Beverage

Affiliates of private equity firm Lindsay Goldberg entered into a definitive agreement to acquire ARYZTA North America (ANA) from ARYZTA AG. ANA is a leading B2B supplier of frozen baked goods in the U.S. and Canada — operating 15 production facilities, employing over 4,000 people and selling branded and private-label products including Otis Spunkmeyer, La Brea Bakery, and Oakrun Farm Bakery.

The Hershey Company Acquires ONE Brands

September 23, 2019

Food & Beverage

The Hershey Company completed its acquisition of ONE Brands, LLC, a maker of low-sugar, high-protein nutrition bars, for $397 million (approximately $325 million net of tax benefits). The purchase expands Hershey's better-for-you snacking portfolio and is expected to be accretive to earnings in the first full year post-close.