M&A
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FAT Brands
Fat Brands to acquire Twin Peaks for $300M
The deal marks Fat's entry into "polished casual dining," a departure from its rosters of QSR, fast causal and casual restaurant brands, and is the company's second major purchase this summer.
By Emma Liem Beckett • Sept. 01, 2021 -
Courtesy of Spyce
Sweetgreen acquires automated restaurant company Spyce
The salad chain plans to use the Boston-based firm's robot-powered technology in its restaurants to improve the guest and employee experience.
By Julie Littman • Aug. 24, 2021 -
Permission granted by One Table Restaurant Brands
Tocaya and Tender Greens merge, form new parent company
The Los Angeles-based fast casuals boast a combined 45 locations in California and Arizona and are looking to drive rapid growth through traditional and potentially nontraditional channels.
By Julie Littman • Aug. 04, 2021 -
Courtesy of Church's Chicken
High Bluff Capital buys Church's Chicken
Under High Bluff's Rego Restaurant Group, which recently partnered with Ghost Kitchen Brands, the chain could access new paths to innovation.
By Julie Littman • UPDATED: Aug. 2, 2021 at 5:30 p.m. -
Courtesy of California Pizza Kitchen
California Pizza Kitchen mulling sale or IPO, Bloomberg reports
The casual chain's annualized earnings for June are expected to be more than $10 million higher than they were before the pandemic, per Bloomberg.
By Alicia Kelso • July 26, 2021 -
Permission granted by Bakers Square
Deep DiveWhy restaurant M&A activity is spiking after pandemic lull
As diner demand helps restaurant sales recover, buyers are jumping back into the game amid low interest rates and as financing becomes more widely available.
By Julie Littman • July 21, 2021 -
J. Alexander's Holdings sold to SPB Hospitality for $220M
The deal between the upscale dining chain and the parent company of Logan's Roadhouse and Gordon Biersch Brewery Restaurant is expected to close in Q4 2021.
By Emma Liem Beckett • July 02, 2021 -
Courtesy of Fiesta Restaurant Group
Jack in the Box franchisee to buy Taco Cabana for $85M
Fiesta Restaurant Group sold the brand to YTC Enterprises, an affiliate of Yadav Enterprises. The sale leaves Fiesta with just Pollo Tropical in its portfolio.
By Alicia Kelso • July 01, 2021 -
Darren McCollester via Getty Images
Au Bon Pain sold to Yum Brands franchisee
The café chain's parent company had planned to sunset the brand, Ampex Brands' CEO said, but Ampex is now looking to expand it beyond the 171 locations it acquires in this deal.
By Emma Liem Beckett • June 30, 2021 -
Fat Brands to acquire Global Franchise Group for $442.5M
The company is adding five QSR brands, including Great American Cookies and Round Table Pizza, to its portfolio less than a year after buying Johnny Rockets.
By Julie Littman • UPDATED: June 28, 2021 at 10:03 a.m. -
BBQ Holdings to buy Village Inn, Bakers Square for $13.5M
The deal marks the holding company's first acquisition since it bought Granite City Food & Brewery and Real Urban in 2020.
By Julie Littman • June 25, 2021 -
Luby's to sell cafeteria business for $28.7M
A newly formed affiliate of Calvin Gin has entered into an agreement to purchase 32 existing units, all of which are in Texas, and ownership of the Cafeteria brand.
By Julie Littman • June 21, 2021 -
Luby's sells Fuddruckers for $18.5M
The company sold the restaurant to Black Titan Franchise Systems as part of its liquidation plan.
By Julie Littman • June 18, 2021 -
Courtesy of Grubhub
Grubhub promotes CFO Adam DeWitt to CEO
Following the completion of Just Eat Takeaway's acquisition, Grubhub founder and CEO Matt Maloney will join JET's management board.
By Julie Littman • June 16, 2021 -
Courtesy of PR Newswire
Restaurant365 acquires restaurant management platform Compeat
Both companies provide similar solutions aimed at simplifying day-to-day operations, including accounting, inventory, scheduling, payroll and HR management, and the combined firm will serve over 28,000 restaurants.
By Alicia Kelso • June 14, 2021 -
Courtesy of Toast Inc.
Toast buys back-office tech provider
The acquisition will allow the POS company to offer insights into profitability by menu item, as well as automation and intelligence tools to streamline tasks like managing inventory and tracking margins.
By Julie Littman • June 11, 2021 -
Courtesy of Pizza Hut
Yum to acquire AI-based company Dragontail Systems for $72.3M
Yum plans to scale the tech globally. Nearly 1,500 Pizza Hut locations across 10 countries already use the technology, which automates operations from the kitchen flow through the delivery process.
By Julie Littman • May 27, 2021 -
Retrieved from Punchh on April 09, 2021
Par Technology expands into loyalty with $500M Punchh acquisition
The addition of the loyalty and guest engagement firm will help Par create an all-in-one cloud platform for its 100,000-plus global restaurant clients.
By Julie Littman • April 09, 2021 -
Squarespace buys reservation platform Tock for $400M
The acquisition comes a year after Tock pivoted from offering pre-paid reservations to providing a resource for restaurants to add an online takeout and delivery menu.
By Julie Littman • April 01, 2021 -
Delight Restaurant Group adds 54 Wendy's from NPC International sale
With the acquisition, the franchisee will operate 111 Wendy's and Taco Bell locations across four states.
By Alicia Kelso • March 29, 2021 -
Courtesy of PR Newswire
WOWorks adds The Simple Greek to its growing portfolio
The fast casual chain gives WOWorks, which was formed in December when Saladworks bought Garbanzo Mediterranean Fresh and Frutta Bowls, more than 215 locations across its brands.
By Alicia Kelso • UPDATED: March 16, 2021 at 9:30 a.m. -
Waitr
Waitr buys Florida-based Delivery Dudes for $23M
Th acquisition expands Waitr's footprint, especially in South Florida, and comes on the heels of its plans to diversify into more verticals including alcohol and cannabis delivery.
By Alicia Kelso • March 10, 2021 -
Private equity firm acquires Freddy's Frozen Custard & Steakburgers
The new owner looks to help accelerate the restaurant's franchise development, as well as increase its marketing and technology deployment.
By Julie Littman • March 04, 2021 -
Courtesy of Chowbotics
DoorDash's Chowbotics acquisition brings automation expertise in-house
The food delivery company plans to use the startup's robots to provide restaurants with a tool to reach new markets and customers without having to build a store.
By Julie Littman , Thai Phi Le • Feb. 08, 2021 -
Fertitta Entertainment adds more restaurants to merger plans
In an amendment to its deal with Fast Acquisition Corp., Fertitta Entertainment will contribute an additional 42 businesses, including Mastro's and the Pleasure Pier, for no additional debt.
By Emma Liem Beckett • UPDATED: July 1, 2021 at 10:22 a.m.
