Inspire Brands

Inspire Brands, Inc., formerly Arby's Restaurant Group Inc., is an American holding company and the owner and franchisor[6] of the Arby's, Buffalo Wild Wings, Sonic Drive-In, Jimmy John's, Rusty Taco, Mister Donut, Dunkin' and Baskin-Robbins restaurant chains. Inspire operates Support Centers in Atlanta, Oklahoma City, Champaign, Minneapolis, and Canton.[7] Inspire Brands is majority-owned by affiliates of Roark Capital Group.[8][9]

Inspire Brands, Inc.
FormerlyArby's Restaurant Group, Inc.
TypePrivate
FoundedFebruary 5, 2018 (2018-02-05)
FoundersNeal Aronson and Paul J. Brown
Headquarters
Sandy Springs, Georgia
,
United States
Number of locations
31,600 (2019[1])
Areas served
Key people
Paul J. Brown (CEO)
RevenueUS$14.6 billion (2020[5])
OwnerRoark Capital Group
Subsidiaries
Websiteinspirebrands.com

History

Arby's Restaurant Group, Inc. (ARG) was renamed Inspire Brands, Inc. as the company took ownership of Buffalo Wild Wings on February 5, 2018. Buffalo Wild Wings also owned the Rusty Taco chain.[10][11] Arby's CEO Paul Brown was selected to continue as Inspire Brands CEO.[10] Brown expected that Inspire would acquire additional chains in different segments. He plans to structure the company similar to Hilton Hotels & Resorts.[12] Co-owner The Wendy's Company's stake was reduced from 18.5% to 12.3% due to the infusion of capital from Roark to fund the purchase.[13] In September 2018, Inspire had the 27-location R Taco reverted to the Rusty Taco name.[14]

On August 16, 2018, The Wendy's Company announced that it sold its 12.3% stake in Inspire Brands back to the company for $450 million, which included a 38% premium over the stake's most recent valuation.[8] On August 28, 2018, Georgia Governor Nathan Deal announced that Inspire was moving its headquarters to Sandy Springs, Georgia in 2019.[15]

Inspire Brands on September 25, 2018 announced that it was buying Oklahoma City-based Sonic Drive-In for $2.3 billion.[16] The acquisition was completed on December 7, 2018.[17]

Inspire Brands announced that it was buying Jimmy John's on September 25, 2019.[9][18] The deal closed on October 18.[19]

Inspire Brands on October 25, 2020 announced that it was buying Dunkin' Brands for $11.3 billion. [20][21] The deal was completed on December 15.[22]

Inspire received Franchise Times’ 2019 Dealmaker of the Year award for its acquisitions of Buffalo Wild Wings and Sonic Drive-In.[23]

References
  1. "Jimmy John's Sale To Inspire Brands Now Complete". Forbes. October 22, 2019.
  2. "Arby's FAQ". Arby's.
  3. "Choose Country". buffalowildwings.com. Buffalo Wild Wings. Retrieved November 15, 2019.
  4. "Inspire Brands Fact Sheet" (PDF). inspirebrands.com. Inspire Brands. Retrieved November 15, 2019.
  5. "Why Fast Food's Smartest Operator Is Expanding When Business Is Terrible". Forbes. July 27, 2020.
  6. Company website
  7. "Contact". Inspire. Retrieved November 5, 2020.
  8. "Wendy's sells stake in Arby's owner for $450 million". CNBC. August 16, 2018. Retrieved August 16, 2018.
  9. Dyer, Kristian (September 25, 2019). "Arby's owner beefs up portfolio, eating up another fast-food franchise". Fox Business. Retrieved November 15, 2019.
  10. Thorn, Bret (February 5, 2018). "Arby's, Buffalo Wild Wings new parent Inspire Brands debuts". Nation's Restaurant News. Retrieved February 7, 2018.
  11. "Arby's closes deal for Buffalo Wild Wings, makes new company". Star Tribune. Associated Press. February 5, 2018. Archived from the original on February 7, 2018. Retrieved February 7, 2018.
  12. Klein, Danny (February 5, 2018). "Arby's CEO: We're Not Done Buying Brands After BWW". QSR magazine. Retrieved February 7, 2018.
  13. Klein, Danny (August 2018). "Wendy's Sells Inspire Brands Stake for $450 Million". QSR Magazine.
  14. Romeo, Peter (September 5, 2018). "Inspire Brands reveals plans for its 3rd brand, now Rusty Taco". Restaurant Business. Retrieved November 28, 2018.
  15. Neighbor Newspapers Staff (August 28, 2018). "Inspire Brands bringing 1,100 jobs, $32 million to Sandy Springs". Northside Neighbor. Marietta Daily Journal. Retrieved November 28, 2018.
  16. Thorn, Bret (September 25, 2018). "Inspire Brands to buy Sonic Corp. for $2.3B". Nation's Restaurant News. Retrieved September 25, 2018.
  17. Ruggless, Ron (December 7, 2018). "Inspire closes on Sonic acquisition". Nation's Restaurant News. Retrieved December 8, 2018.
  18. Lucas, Amelia (September 25, 2019). "Arby's owner Inspire Brands buys Jimmy John's". CNBC. Retrieved September 26, 2019.
  19. Ruggless, Ron (18 October 2019). "Inspire completes purchase of Jimmy John's". Nation's Restaurant News. Retrieved 21 October 2019.
  20. Fontanella-Khan, James; Aliaj, Ortenca; Gray, Alistair; Temple, Patrick (October 25, 2020). "Dunkin' closes in on $9bn sale to Inspire Brands". Financial Times. Retrieved October 26, 2020.
  21. Haddon, Heather (30 October 2020). "Inspire Brands to Acquire Dunkin' Brands Group for $11.3 Billion Including Debt". Wall Street Journal. ISSN 0099-9660. OCLC 781541372. Archived from the original on 31 October 2020. Retrieved 30 October 2020.
  22. "Inspire Brands Completes Acquisition of Dunkin' Brands". www.businesswire.com. December 15, 2020. Retrieved December 15, 2020.
  23. "Art of the deal panel to highlight FFGC". Franchise Times. Retrieved October 12, 2020.
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