ATLANTA, Nov. 6 /PRNewswire/ -- Roark Capital Group, an Atlanta-based
private equity firm, announced today the acquisition of Batteries Plus.
Headquartered in Hartland, Wis., Batteries Plus is the leading dedicated
retailer of batteries and battery accessories. Batteries Plus generates
approximately $200 million in system-wide sales through 292 franchise and
15 company-owned stores in 41 states and Puerto Rico, serving both retail
customers and commercial accounts.
The acquisition of Batteries Plus is Roark's 13th in the franchise
sector. Roark's other franchise businesses include Carvel, Cinnabon,
Schlotzsky's, Moe's Southwest Grill and Seattle's Best Coffee International
(all of which are owned by Focus Brands, a Roark platform company),
McAlister's Deli, Money Mailer and Fast Signs. Roark's 13 franchise brands
collectively have more than 13,000 points of distribution, 4,000 locations,
2,000 franchisees, and $2.9 billion in system-wide revenues in 50 US states
and 33 countries.
"Batteries Plus is the market leader and category creator in the strong
and growing batteries market," said Neal Aronson, Founder and Managing
Partner of Roark Capital. "The management team, led by CEO Russ Reynolds
and COO Tom O'Hare, has done an outstanding job of building the company's
brand, infrastructure and franchise base. We are very excited to partner
with this outstanding team."
Reynolds, who is investing alongside Roark in the transaction, will
continue to lead the company as CEO. "I'm very happy about Batteries Plus
joining the Roark family of franchise brands," Reynolds commented. "Roark's
expertise and relationships in the franchise sector will be extraordinarily
valuable to us as we execute Batteries Plus' growth plan. Their ability to
help refine best practices and identify opportunities for improvement in
franchise businesses is second to none."
Alan Epstein, Chairman of Batteries Plus stated: "My family and I are
very pleased that our legacy will be carried forward by Roark and the
current management team. Roark has the experience, integrity and track
record to sustain and grow Batteries Plus, and I am confident that our
customers, employees, and franchisees will all benefit greatly from Roark's
About Roark Capital Group
Roark Capital Group is an Atlanta-based private equity firm that
specializes in business and consumer service companies with attractive
growth prospects and revenues ranging from $20 million to $1.0 billion.
Specific areas of focus include franchise, direct marketing, and financial
services. The firm has more than $1.5 billion of equity capital under
management. For more information, visit www.roarkcapital.com.
About Batteries Plus
Batteries Plus is the largest dedicated retailer of batteries and
battery accessories. The company's product assortment includes over 15,000
different SKUs. From 307 locations in 41 states and Puerto Rico, Batteries
Plus sells to retail and commercial customers and provides services
including battery testing and installation. For additional information,
Contact: Debra Vilchis or Kathy Potaniec
Fishman Public Relations Fishman Public Relations
847-945-1300, ext. 227 847-945-1300, ext. 259
SOURCE Roark Capital Group