The Power List 2017: Neal Aronson

January 24, 2017

Neal Aronson’s Roark Capital Group has developed a philosophy of buying and holding its restaurant investments and then profiting off the strength of those investments’ growth. It has rarely sold one of its acquisitions, making it something of a unicorn in a private-equity world in which companies are bought and sold in four- or five-year timeframes.

“Our strategy has been consistent — growth comes from operational excellence, not financial engineering,” Aronson said in 2015. “We use a lot less debt than most people. Our philosophy is about continuous improvement.”

Atlanta-based private-equity group Roark’s holdings include Arby’s, Carl’s Jr. and Hardee’s