The fast casual chain announced Thursday that an affiliate of the Atlanta-based private equity firm had entered an agreement to become a primary investor, though it did not reveal financial details of the deal.
“ I've spent two years getting to know the Roark team,’’
Liautaud will remain board chairman for the company he launched in 1983, and will also be the individual investor with the most shares. But Westin Presidio, will relinquish the minority stake it had in the company for a decade.
In addition to Arby’s, a sandwich company whose “we have the meats’’ slogan is ubiquitous on the airwaves, Roark Capital also owns stakes in Auntie Anne’s pretzels chain, pastry maker