1851

<a href="http://www.nrn.com/finance/roark-capital-buys-stake-culver-s?NL=NRN-01a&amp%3BIssue=NRN-01a_20171014_NRN-01a_841&amp%3Bsfvc4enews=42&amp%3Bcl=article_1&amp%3Butm_rid=CPG06000000165351&amp%3Butm_campaign=19379&amp%3Butm_medium=email&amp%3Belq2=f83355e82d4f43bb874cf231fcd0c303&utm_source=1851franchise.com&utm_medium=article&utm_campaign=nrn-roark-capital-buys-stake-in-culvers-2704608" target="_blank" rel="nofollow">Nation&rsquo;s Restaurant News reports</a> that Roark Capital Group has purchased a minority share of Culver Franchising System Inc. Previous to the sale, the Culver&rsquo;s brand had been owned outright by the Culver family since 1984, when the first Culver&rsquo;s restaurant was opened.

The decision to take on an investor was made after years of consideration and regular propositions from investors. Roark Capital was selected from a pool of interested equity groups because of their experience in the restaurant space. Among other foodservice brands, Roark Capital owns Arby&rsquo;s Restaurant Group, Carl&rsquo;s Jr. and Hardee&rsquo;s, CKE Restaurants, Auntie Anne&rsquo;s, and Corner Bakery.

The Culver family will remain the majority shareholder of Culver Franchising System Inc.

From the article:

The Culver family founded the chain more than 30 years ago. Craig Culver noted that he and his siblings are getting older and decided the time was right to bring on another investor.

&ldquo;We&rsquo;re all approaching 70,&rdquo; Craig Culver said. &ldquo;My sister is 70. I&rsquo;m 67. My brother behind me is 66. We&rsquo;re all approaching our older years. We just thought it was the right time.&rdquo;

Culver said that the company has routinely received interest from private equity firms interested in buying the company. &ldquo;In the last 15 years, it seems like almost daily,&rdquo; Culver said. &ldquo;I&rsquo;ve said no for a long, long, long time.&rdquo;

 
Read the full article at <a href="http://www.nrn.com/finance/roark-capital-buys-stake-culver-s?NL=NRN-01a&amp%3BIssue=NRN-01a_20171014_NRN-01a_841&amp%3Bsfvc4enews=42&amp%3Bcl=article_1&amp%3Butm_rid=CPG06000000165351&amp%3Butm_campaign=19379&amp%3Butm_medium=email&amp%3Belq2=f83355e82d4f43bb874cf231fcd0c303&utm_source=1851franchise.com&utm_medium=article&utm_campaign=nrn-roark-capital-buys-stake-in-culvers-2704608" target="_blank" rel="nofollow">nrn.com</a>.

NRN: Roark Capital Buys Stake in Culver’s

1851 Franchise

The private equity company is the first to become a minority shareholder of the Culver’s brand

nrn-roark-capital-buys-stake-in-culvers

Fresh Coat

Photo of Fresh Coat vehicle with ladders on top

The Rise of Home Improvement Franchises: Why Now Is the Time to Invest

why-invest-home-improvement-franchise-fresh-coat

HomeTeam Inspection Service

Photo of HomeTeam inspector in red polo and khaki pants, walking by branded vehicle

Real Estate Today: Behind the Drywall: The Truth About Home Inspections

purpose-of-home-inspection

Dog Training Elite

Dog Training Elite Franchise - DTE - National Service Dog Month - 1851 Franchise

Celebrating Service Dogs: Why Proper Training Changes Lives — And How Dog Training Elite Is Leading the Way

dog-training-elite-national-service-dog-month

Senior Care Authority

How This Senior Care Authority Franchisee Turned Love for His Grandparents Into a Lifelong Calling

how-this-senior-care-authority-franchisee-turned-love-for-his-grandparents-into-a-lifelong-calling

Hometown News: Like Father, Like Son — Family-Run Inspection Business Blends Generations of Expertise and a Keen Eye for Detail

father-son-home-inspection-franchise-florida

Buying a Franchise Masterclass

 Franchise Opportunities

Get Support Buying a Franchise

How to Buy a Franchise White Paper

How to Buy a Franchise

How to Sell Franchises

How to Grow a Franchise

Find a Franchise Supplier

1851 Franchise Opportunities

Franchisor News

Franchisor Power Rankings

FranCamp Mastermind Summit

Franchise Development Website Builder

Franchise Resources

What ALEC-Laffer's Report Means for Franchising

Website Awards

Power Rankings

About 1851

Advertise on 1851

Contact 1851 Editorial

Terms of Use

1851 Login

GROWTH CLUB LOGIN

facebook

instagram

twitter

linkedin

youtube

Design with American and Federal Reserve flags against light blue background

Federal Reserve Expected To Cut Rates by Quarter Point, a Move That Could Boost Franchise Growth

fed-rate-cut-boosts-franchise-growth

Potbelly to be Acquired by RaceTrac in $566 Million Deal 

racetrac-acquires-potbelly-in-566-million-deal

Health Care Hiring Slowdown Highlights In-Home Care Franchise Opportunities - 1851 Franchise Agg

Health Care Hiring Slowdown Highlights In-Home Care Franchise Opportunities 

health-care-hiring-slowdown-in-home-care-franchise-opportunities

Caribou Coffee Names Scott Kennedy CEO, Eyes Continued Growth

caribou-coffee-names-scott-kennedy-ceo-eyes-continued-growth

McDonald’s Launches New Extra Value Meals as Consumer Demand for Value Continues to Climb

mcdonalds-launches-extra-value-meals

Technomic Releases Annual Ranking of the Top 15 Fast-Food Chains in the U.S.

technomic-releases-annual-ranking-of-the-top-15-fast-food-chains-in-the-us

Friendly’s Parent Company Acquired by Multi-Unit Franchisee as More Owners Take the Lead in Brand Acquisitions 

friendlys-parent-company-acquired-by-multi-unit-franchisee-as-more-owners-take-the-lead-in-brand-acquisitions

Hely and Hiral Patel Bring Their Longtime Dream to Life With The Brass Tap

brass-tap-franchise-pasadena-maryland-hely-hiral-patel

1851 Keyword - The Secret To Succeeding With a Part-Time Franchise Is Picking the Right Model

The Secret To Succeeding With a Part-Time Franchise Is Picking the Right Model

part-time-franchises-picking-the-right-model

Franchisee spotlight graphic with photo of Ricki Oberoi and Layne's Chicken Fingers logo

NRN: Roark Capital Buys Stake in Culver’s

MORE STORIES LIKE THIS