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Roark Capital closes acquisition of CKE Restaurants

Atlanta -- An affiliate of Roark Capital Group has acquired a majority stake in CKE Restaurants Inc., owner of Carl's Jr., Hardee's and various other quick-serve restaurant chains.

We are pleased to welcome CKE's brands to our restaurant family," said Neal Aronson, Roark's managing partner. "Led by CEO Andy Puzder, CKE is a well-run business with an excellent management team and passionate franchisees. We look forward to working with Andy and the team as they build on their success and continue to execute their strategic vision for Carl's Jr. and Hardee's."

Terms of the transaction were not disclosed.

CKE’s properties include 3413 restaurants in 42 states and 30 foreign countries and U.S. territories.

Roark Capital’s portfolio includes such restaurant brands as Arby’s, Cinnabon, Corner Bakery Café and Moe’s Southwestern Grill, as well as the Atkins Nutritionals brand.

 

 

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