Culver’s, which is a franchise with over 600 restaurants in 24 states entered an agreement with Roark Capital Group in which Culver’s shareholders will sell a minority stake to affiliates of Roark. The Culver family will maintain a majority ownership of the brand. The sale will help keep Culver’s family owned but also set up the next generation for success. Roark Capital is a restaurant veteran, with investments in 50 states and 78 countries. Roark will have representation on the board of directors. There are no plans to sell more shares.
Read more: Culver’s Sells Minority Interest to Investment Firm
