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Roark Capital Group buys restaurant chain Miller’s Ale House

22 Jul 2013

millersPrivate equity firm Roark Capital Group has bought casual dining restaurant chain Miller’s Ale House from founder Jack Miller, KarpReilly and SKM Equity Fund III.

The firm did not disclose how much it paid for the chain, which currently has annual sales of $300m.

Under the terms of the deal, current National Restaurant Association Chairman Phil Hickey will become chairman of Miller’s Ale House.

Roark Capital director Ezra Field said, “The Miller’s Ale House acquisition fits Roark’s strategy of acquiring differentiated consumer brands with loyal followings and strong customer value propositions.

“We look forward to working closely with Jack, Phil, Ale House President Ray Holden and the rest of the Miller’s Ale House team to continue to build the brand and business.”

Roark already owns a number of restaurant chains including Arby’s, Auntie Anne’s, Cinnabon, Carvel Ice Cream, Corner Bakery, Il Fornaio, McAlister’s Deli, Moe’s Southwest Grill, Schlotzsky’s, and Wingstop.

Last year Roarck bought The Home Service Store (HSS), which makes, sells and installs do-it-for-me home improvement projects in the US.

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