Franchise news

20.10.2010

FOCUS Brands® to acquire Auntie Anne’s®

Roark Capital, an Atlanta-based private equity firm, has announced that one of its portfolio companies, FOCUS Brands, has entered into a definitive agreement to acquire Auntie Anne’s, the franchisor of the world’s largest hand-rolled soft pretzel chain. Headquartered in Lancaster, Pa., Auntie Anne’s has nearly 1,100 stores in 44 states and 21 countries. The transaction is expected to close later this fall.

FOCUS Brands’ subsidiaries are the franchisors and operators of more than 2,200 ice cream shoppes, bakeries, restaurants and cafes in the United States, the District of Columbia, Puerto Rico and 38 foreign countries under the brand names Carvel, Cinnabon, Schlotzsky’s, Moe’s Southwest Grill and Seattle’s Best Coffee. With the addition of Auntie Anne’s, FOCUS Brands will have six franchise brands generating more than $1.4 billion in annual system-wide revenues through more than 45,000 points of distribution in 47 states and 42 countries.

“This world-renowned brand has been recognized repeatedly for offering a solid and rewarding business model for both their franchisees and their guests,” says Russ Umphenour, CEO of FOCUS Brands. “Auntie Anne’s commitment to excellence plays perfectly into FOCUS Brands’ purpose to ‘make people happy’.”   

Auntie Anne’s President and Chief Operating Officer, Bill Dunn adds, “Auntie Anne’s prides itself on offering high-quality products, efficient operations and people-focused philosophies. FOCUS Brands’ mission and vision complements Auntie Anne’s 22-year-old founding principles, and we look forward to working together to grow our brand and continue offering the fresh pretzel products and signature beverages that our guests have come to know and love.”    

Auntie Anne’s represents Roark Capital’s 19th franchise investment and 8th investment in the restaurant industry. Other Roark franchise companies include brands such as Batteries Plus, Fast Signs, McAlister’s Deli, Money Mailer, Pet Valu, Primrose Schools and Wingstop. (kbp)


Auntie Anne's (USA)

pretzel bakerys
» to the franchisor


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20.10.2010 » 

FOCUS Brands® to acquire Auntie Anne’s®

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Auntie Anne's honors 20 families to celebrate its 20th anniversary

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