"IMC is a terrific partner. They actively participate at the Board level providing great insight into both company direction and corporate governance. Arcadia is in the growth mode, as a leading provider in the contract beverage packaging industry, with their support we are reaching our potential. We share common beliefs in terms of acting with integrity, taking long term views with everything we do, and fostering a culture of great people."
-Tom Moore, Arcadia Beverage, LLC
"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
"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
"IMC is a company that is true to their word. Their high level of integrity is especially appreciated as a franchise model organization. They are a great partner, giving us the autonomy to run our business but also lending significant support, insight, and other resources to help us maintain our leadership position in the senior care industry. With IMC we found a partner that aligns with our culture and shares our long‐term vision for the future.”
-Allen Hager, RiseMark Brands
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.
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.
Arcadia Beverage has been an essential beverage supplier for local and global retailers since 1939. We are fortunate to call Asheville, North Carolina, home, and we are an extension of this community’s unique capacity for innovation, creativity and passion. You won’t find another beverage provider that cares more about the product it delivers and the impact it will have on your business.
IDOC, LLC is an alliance committed to the growth and long-term success of independent optometrists. IDOC provides eye care professionals across the U.S. a competitive advantage through vendor programs, business education and networking opportunities. IDOC also provides a wide range of optometric consulting expertise devoted to helping independent optometrists through every stage of their optometric business. Dave Brown is the president & CEO of IDOC.
RiseMark Brands is a leading franchise platform in the health care industry offering a broad range of services and programs that provide a continuum of care for seniors and individuals with disabilities. The company is one of the largest in the sector with two widely recognized brands, Right at Home and IKOR. Together, they serve more than 650 locations globally. Right at Home is a home care company providing companion care, personal care, skilled nursing and dementia care to its clients. Right at Home provides services through a growing franchise network operating in 47 states and seven additional countries in North America, Asia, and Europe. IKOR operates in the U.S. offering an integrated portfolio of services focusing on healthcare advocacy, financial advocacy, and life management. Brian Petranick is the President and CEO of RiseMark Brands.
We are profoundly saddened to share that Investors Management Corporation’s CEO and Chairman, William Quinton Carlyle Maynard, passed away on September 15.
Quinton was a very special person and a wonderful leader. He lived a life that amazed people on a daily basis and he touched others in countless ways.
Quinton was born in Raleigh, NC, and spent his childhood riding horses and developing his extraordinary talent for the violin. He was accepted to the Peabody Conservatory of Music at age 16, and became an accomplished soloist. Quinton also attended Skidmore College and graduated with a degree in philosophy and religion. After traveling in India, he received his MBA from Kenan Flagler Business School at UNC-Chapel Hill. Business became a great passion of Quinton's and he greatly enjoyed his time working in finance in New York, as well as starting and building Morehead Capital after returning to NC. His most inspiring business role was that of CEO and Chairman of Investors Management Corporation.
While business was a driving force in Quinton's life, his greatest love and source of joy was his wife, Jesse, and the family they created together. His devotion to Jesse and their two sons, Allen and Benny, knew no bounds and he delighted in the countless ways they enjoyed their time together.
Quinton is survived by his parents, James and Connie Maynard. He is also survived by his sister and next door neighbor, Easter Maynard. His niece and nephews, Lila, James, and Sawyer, had a rare connection with their uncle and were deeply influenced by the time they spent with him.
Quinton lived with an enthusiasm and appreciation for life that was a rare gift. Because of him, we all experienced more joy and the world became a more beautiful place.
He will be greatly missed.
President & CEO
Executive Vice President
Chief Financial Officer
President & CEO
Executive Vice President
Chief Financial Offer
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.
Recently retired as President and Chief Executive Officer, Stuart provided strategic leadership for Biologics, Inc., pulling from his 30 years of experience in business, strategy, business development, operations and finance. He first served Biologics as Chairman from 2007 to 2009 and was appointed President and Chief Executive Officer in April 2010. He also serves on the boards of Watson Electrical Construction Company, Inc. and RiseMark Brands. He has served on numerous additional corporate boards.
Stuart previously led the private equity group within Franklin Street Partners, Inc. and was also Founder, President and Chief Executive Officer of Carolinas Golf Group. He has remained active in the community, having served on the board of the Boys and Girls Club and as a deacon and elder in his church. He is a graduate of the University of Carolina at Chapel Hill and of the University of Virginia Darden School of Business, where he earned a Masters of Business Administration. He lives in Raleigh, NC with his wife, Ella.
Tom is the General Counsel, Secretary and an Executive Vice President of IMC, where he focuses on executing transactions, managing risk and developing relationships with companies of interest. Tom currently serves on the board of directors of IDOC and Arcadia Beverage. Tom was a partner at Morehead Capital prior to its merger with IMC. Prior to these roles, 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 Chief Financial Officer 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
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 2006. 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. He also holds a Masters in Accounting from Kenan-Flagler Business School.
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.