Atlanta-based Roark Capital buys Wingstop, adds to food brands

Roark Capital Group, an Atlanta-based private equity firm specializing in franchising, has acquired Wingstop Restaurants, Inc., a Texas-based chicken wing chain that generated more than $300 million in system-wide revenues last year. Terms of the deal were not disclosed. Wingstop, one of the fastest-growing fast food chains in the U.S., has more than 440 restaurants in the U.S. and Mexico, and plans to open more than 60 restaurants this year.

Wingstop has posted 27 consecutive quarters of positive same-store sales, according to Roark, which also controls Carvel, Cinnabon, Schlotzsky’s, Moe’s Southwest Grill and other brands.