"IMC has proven to be the perfect partner for us. They provide useful guidance and direction while ultimately supporting our local management decisions. I value the relationship with their board and other team members who offered behind-the-scenes perspectives and counsel. They are not only partners, but I am proud to consider them friends."
-True Carr, Alliance Lumber
"I enjoyed being CEO of an IMC company for over thirty years and I enjoy my current association with the IMC team. A spirit of partnership runs throughout the organization and we are committed to creating the ideal environment for CEOs and their teams to operate their businesses for the long term."
-Ted Fowler, IMC
"I can honestly say that since the first conversation we had with IMC about partnering, there has not been a single surprise. Everyone is exactly who they said they were from day one - a group of incredibly supportive partners who provide us operational autonomy to run the business. IMC's partnership philosophy is rooted in the long-term success of its companies, and the financial and strategic support they provide helps us develop and grow the business the right way.
-Jeff Phillips, Fleet Feet Sports
"IMC is a one-of-a-kind, unique partner for our family business, which was founded in 1939. Our primary concern has always been the long-term stewardship of the business for our people and customers. With IMC, we found the right fit with respect to values, culture, autonomy, and focus on the long-run. The bottom line is we have partnered with good people aligned with our commitment to always doing the right thing."
-Greg Wright, Hart Lumber
"IMC has continually provided an outstanding environment that enables Golden Corral to grow and excel. Their long-term focus allows us the flexibility we need to make great business decisions for our brand. We appreciate their high standards and expectations that balance perfectly with their consistency of strategy. I truly value the relationship we have with IMC."
-Lance Trenary, Golden Corral
We are long-term owners of businesses that provide a lasting benefit to society, opportunity and growth for their employees, and positive financial outcomes for everybody involved. We know that we all benefit from what each of us provides to this equation.
We take our ownership responsibility seriously. We want our partners to look at us like we look at them–as people committed to doing business the right way. So, we create and perpetuate a stable and supportive environment—one of honesty with clear expectations and open communication—that allows great leaders to achieve our shared goals and promote the long-term growth and success of their businesses and people. We encourage leaders to take risks, and we tolerate mistakes.
We look at investment opportunities a bit differently. Analyzing the financial equation is the simple part. We go further by investing in people and what their businesses bring to the world, since that is where the greatest opportunities reside. It is our goal to share in these opportunities and resulting benefits together.
Our History +
In 1971, James Maynard and Bill Carl raised $50,000 from a collection of friends, family and local businessmen, in turn forming IMC. Their modest goal was to open a family-oriented restaurant.
James and Bill opened the first restaurant in 1973 with a simple mission—to provide customers with quality food and good service for a reasonable price, while providing their employees with an opportunity to feel good about what they do and grow in their career. Despite their inexperience, James and Bill learned how to succeed in the restaurant business, and their one location enterprise has grown into what is now Golden Corral, the leading family dining restaurant concept in America.
From humble beginnings, IMC has evolved to focusing on its current purpose—to be a responsible owner of good businesses. IMC now owns a family of diverse businesses, and its growth has been funded by that of its underlying companies—the original $50,000 James and Bill raised remains the only equity ever invested in IMC. In 2016, Quinton Maynard succeeded his father as Chairman and CEO with a commitment to continue to do things the right way and create an environment that allows inspired leaders to achieve their business goals and promote the long-term success of their people.
We believe there will always be a need for a company such as IMC with an enduring commitment to good ownership values. IMC will be here.
At IMC, we know our conduct and reputation will always matter to the owners who consider selling IMC their businesses, to the leaders who consider becoming IMC's partners, and to the firms that consider lending IMC their capital. We take great pride in the long tenure and loyal service of many employees at IMC and its companies, and know that our reputation as an owner makes a difference to them too. Because IMC is a private company, we have no short term mandates or constraints. We make decisions on the basis of their long-term implications for IMC and its companies. We maintain strong financial liquidity at IMC, ensuring that we can honor our commitment to being a good long-term owner to our companies.
Golden Corral© is a leader in the family restaurant segment and well known as America's #1 buffet and grill. Golden Corral's legendary, endless buffet contains an array of fresh, made-from-scratch food choices offered to diners for breakfast, lunch and dinner. Golden Corral is the operator or franchisor of more than 480 restaurants in 40 states. Lance Trenary is the President and CEO of Golden Corral.
Fleet Feet Sports is the nation's leading retailer of running specialty stores, offering footwear, apparel and accessories. Fleet Feet is committed to helping people in their local communities live healthy, more active lifestyles and provides motivation and education through one on one customer service in the stores, clinics and training programs. Fleet Feet is the operator or franchisor of more than 125 stores in 36 states and the District of Columbia. Jeff Phillips is the CEO of Fleet Feet.
CORNERSTONE Building Alliance, LLC is a holding company that was established to partner with building materials distribution, manufacturing and installation companies. CORNERSTONE is committed to being a long-term owner of a family of companies in partnership with their management teams. Steve Short is the CEO of CORNERSTONE.
KDI Capital Partners is a private investment advisory firm that manages a number of private investment funds for accredited and qualified investors. KDI Capital Partners adheres to three core operating principles: Knowledge, Discipline, and Integrity. John Day is the Managing Partner of KDI.
Chairman / CEO
Executive Vice President
Executive Vice President
Chief Operating Officer
Chairman / CEO
Executive Vice President
Executive Vice President
Chief Operating Officer
Quinton is Chairman and Chief Executive Officer of IMC. Prior to joining IMC in 2015, Quinton was the Managing Partner of Morehead Capital. Before founding Morehead Capital in 2007, Quinton was integral in building the Leisure and Lodging practice at Gerson Lehrman Group, a specialized investment research firm serving money management clients worldwide. In the past, Quinton has held positions at Keefe, Bruyette, and Woods, a boutique investment bank serving the financial services industry, and at Nortel Networks.
Quinton holds a Master's of Business Administration degree from the Kenan-Flagler Business School at The University of North Carolina at Chapel Hill, and an undergraduate degree in religious studies from Skidmore College.
Tom is the General Counsel and an Executive Vice President of IMC, where he focuses on managing risk and developing relationships with companies of interest. Prior to joining IMC, Tom was a partner with McGuireWoods where he represented private funds and their portfolio companies. Tom's experience includes most aspects of structuring, financing and operating private investment funds and portfolio investments in a wide variety of business operations.
Tom received his MBA and law degrees from Villanova University and his undergraduate degree from North Carolina State University.
W. Tom Donaldson
Nate is the Treasurer and an Executive Vice President of IMC, where he focuses on various aspects of the company's finance and operations. Prior to joining IMC in 2015, Nate was the Chief Operating Officer of Morehead Capital. Before joining Morehead Capital as a partner in 2009, Nate worked for seven years in the Private Client Services group at PricewaterhouseCoopers, LLP in Charlotte, North Carolina where he served some of the Southeast's most well-respected private businesses across a variety of industries.
Nate holds a Master of Accounting from Kenan-Flagler Business School and an undergraduate degree in philosophy from The University of North Carolina at Chapel Hill. Nate is a Certified Public Accountant licensed in North Carolina
Andy is focused on identifying and developing relationships with companies of interest to IMC. Prior to joining IMC in 2012, Andy was a Vice President at The Decatur Group, a middle-market private equity group based in Denver, CO. Prior thereto, Andy worked at Green, Manning & Bunch, a Denver-based investment bank, and the United States Golf Association Foundation, where he oversaw grants made to non-profit organizations.
Andy earned his bachelor's degree from Vanderbilt University and his MBA from Northwestern University's Kellogg School of Management.
Adam is a Vice President of IMC, where he focuses on company and financial analysis. Before joining IMC in 2015, Adam was a partner at Morehead Capital, joining the firm in 2007. Prior to joining Morehead, Adam held a Team Leader position with Whole Foods Market.
Adam earned his undergraduate degree in linguistics from the University of North Carolina at Chapel Hill, graduating in 2004.
James is the Founder of IMC and served as its Chief Executive Officer and Chairman from 1971 through 2015. He is also Co-Founder and Chairman of Golden Corral Corporation.
James founded IMC in 1971. He raised $50,000 of equity from investors, which he used to start Golden Corral. He opened the first Golden Corral restaurant in Fayetteville, NC in 1973, when he was 33 years old. Golden Corral Corporation is now the owner or franchisor of approximately 500 restaurants nationwide. The annual system sales of Golden Corral exceed $1.6 billion. On average, more than 3 million people eat at a Golden Corral restaurant each week.
James served as a Director of BB&T Corporation (NYSE: BBT) from 1984 until 2010. In 2009, James was inducted into the N.C. Business Hall of Fame. He has also been awarded the highest levels of recognition, both statewide and nationally, by the hospitality industry. James earned his bachelor's degree from East Carolina University.
Richard is IMC's Chief Operating Officer. Richard joined IMC in 1985. Prior to joining IMC, Richard was a partner with Arthur Andersen & Co., where he began his career in 1968.
Richard serves as a member of the board of directors of Capstone Bank, the Wake Education Partnership, the North Carolina Public School Forum, the Greater Raleigh Chamber of Commerce, and the Boys & Girls Club of Raleigh
Richard earned his bachelor's degree from the University of North Carolina at Chapel Hill and his MBA from Harvard University.
Ron is actively involved with various activities related to tax planning, succession planning, acquisitions, and charitable contributions of IMC. Prior to joining IMC in 1991, Ron was the managing partner and a tax partner in the Raleigh office of KPMG, where he specialized in planning for large closely-held businesses. Ron started his career with KPMG (formerly Peat Marwick) in 1966.
Ron earned his bachelor's degree from Duke University.