Roark Capital, an Atlanta-based private equity firm with a focus on franchised and multi-location businesses, has acquired Mathnasium through its affiliate.

Mathnasium is a franchisor and operator of over 1000 math learning centers across 46 states and 12 countries. The company delivers customized learning plans to help its students develop confidence in math in fun and engaging ways.

This is Roark’s 28th investment in a founder-owned firm and its 98th franchise brand.

“Mathnasium is honored to join the Roark family of brands,” said Mathnasium CEO Shant Assarian. “Working together, we see a powerful opportunity for Mathnasium to transform the lives of many more children around the world and enable our franchisees to achieve even greater success.”

North Point Mergers and Acquisitions served as the financial advisor to Mathnasium in connection with the sale. Mathnasium was advised by Choate, Hall & Stewart LLP. Roark Capital was advised by Paul, Weiss, Rifkind, Wharton & Garrison LLP.