M&A


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    Retrieved from Nestle Toll House Cafe by Chip on May 25, 2022

    Fat Brands to buy Nestle Toll House Cafe, bolstering its dessert category

    Fat plans to turn Nestle Toll House Cafe's 85 units into Great American Cookies locations after the acquisition closes. Terms of the deal weren't disclosed.

    By May 25, 2022
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    Thai Phi Le/Restaurant Dive

    Wendy's largest shareholder proposes to buy company

    Trian Partners and billionaire owner Nelson Peltz told the chain's board of directors Tuesday that Trian would explore an acquisition, merger or other transaction in which it would own the company.

    By May 25, 2022
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    Courtesy of Woworks

    Woworks acquires fast casual chains Barberitos, Zoup

    The parent company of Saladworks will grow to six brands and over 400 locations with these two purchases. 

    By May 13, 2022
  • Denny's preps for growth as it hires Kelli Valade as CEO

    Red Lobster's former CEO will oversee several initiatives, including an $82.5 million acquisition of a Florida breakfast concept, tech upgrades and expansion of ghost kitchens. 

    By May 4, 2022
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    Cindy Ord via Getty Images

    Just Eat Takeaway considering sale of Grubhub

    JET CEO Jitse Groen confirmed Wednesday the company is in active discussions for a strategic partnership and/or a partial or full sale of its U.S. subsidiary, which it bought in 2020.

    By April 20, 2022
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    Permission granted by Main Event

    Dave & Buster's to buy Main Event for $835M

    Following the close of the all-cash transaction, which is expected to occur later this year, Main Event CEO Chris Morris will become Dave & Buster's CEO.

    By April 6, 2022
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    Permission granted by DoorDash

    DoorDash buys Bbot to bolster in-store digital ordering capabilities

    The deal may grow DoorDash's partner business footprint, since Bbot services restaurants, hotels, bars, food halls, ghost kitchens and bowling alleys.

    By March 1, 2022
  • McDonald's sells AI tech firm Dynamic Yield to Mastercard

    Franchisees complained Dynamic Yield hadn't delivered the sales boosts they expected at the drive-thru. The deal reflects McDonald's pivot toward outsourcing its technology.

    By Dec. 21, 2021
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    Permission granted by Waitr

    Waitr plans to acquire a cannabis dispensary POS company for $90M

    The delivery company expects transactions on Cova's platform to reach approximately $2.3 billion. 

    By Dec. 20, 2021
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    TennesseePhotographer via Getty Images

    10 most impactful restaurant M&A deals of 2021

    Plentiful capital, concerns over changing tax laws and a decent recovery among QSRs helped drive transaction activity in 2021, but 2022 could slow dealmaking and spark more interest in full-service chains. 

    Dec. 15, 2021
  • Fertitta Entertainment may pay $33M to kill merger with Fast Acquisition Corp.

    The deal would have taken Fertitta public, but owner Tilman Fertitta ultimately decided to keep the company private. Fast will continue to look for another operating company to combine with.

    By Dec. 13, 2021
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    Courtesy of REEF Technology
    Reef Technology's expansion

    Reef acquires hospitality startup 2nd Kitchen

    The purchase strengthens Reef's position in the virtual kitchen space, and comes two months after it bought logistics partner Bond. 

    By Dec. 7, 2021
  • Jack in the Box to buy Del Taco for $575M

    The transaction, which is expected to close during the first quarter of 2022, will result in a combined unit count of 2,800 across 25 states. 

    By Updated Dec. 6, 2021
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    Retrieved from Native Grill & Wings on November 22, 2021

    Fat Brands acquires Native Grill & Wings for $20M

    In its fourth acquisition of the year, the company adds a 23-unit restaurant chain to bulk up its existing chicken wing platform.

    By Nov. 22, 2021
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    Permission granted by Presto

    How Presto's public debut could help restaurants improve labor productivity

    Raising millions of dollars in capital will help the restaurant technology company invest in improving its labor saving and guest experience products.

    By Nov. 15, 2021
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    TennesseePhotographer via Getty Images

    Restaurant Brands International to acquire Firehouse Subs for $1B

    Burger King's parent company will make the largest restaurant transaction of the year and its first acquisition since it bought Popeyes in 2017 for $1.8 billion.

    By Updated Nov. 15, 2021
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    Retrieved from Taco Bell on August 20, 2020

    Private investment firm to buy one of Taco Bell's largest franchisees

    Orangewood Partners' purchase of Pacific Bells, which operates over 250 Taco Bells in nine states, comes amid a broader restaurant M&A spike.

    By Nov. 12, 2021
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    Sean Gallup via Getty Images

    DoorDash makes major expansion into Europe with $8B acquisition

    By acquiring Finland-based Wolt, which operates in 23 countries, DoorDash will be able to build out an international presence without losing focus on the U.S. 

    By Nov. 10, 2021
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    Permission granted by Cosmic Wings

    Sun Holdings adds Applebee's units to its growing portfolio

    The third-largest franchisee in the U.S. acquired 131 Applebee's restaurants in 14 states from RMH Franchise Holdings.

    By Nov. 8, 2021
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    Permission granted by Fazoli's

    Fat Brands buys Fazoli's for $130M

    The multi-branded restaurant platform has made its fourth acquisition in the last 15 months with the addition of the 200-unit QSR chain, which has a pipeline of another 100 units. 

    By Nov. 2, 2021
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    Courtesy of NRD Capital

    Fuzzy's Taco Shop parent forms new restaurant group Experiential Brands

    The company aims to double the Mexican brand's footprint in five years, while also looking for other food and beverage concepts to add to its portfolio.

    By Oct. 27, 2021
  • McDonald's will sell McD Tech Labs to IBM

    The sale of the platform reflects the chain's evolving approach to insourcing versus outsourcing technology, CEO Chris Kempczinski said.

    By Oct. 27, 2021
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    Permission granted by Olo

    Olo buys Wisely for $187M, its first acquisition as a public company

    The transaction will allow Olo to expand its capabilities, which have largely been focused on online ordering, to include customer intelligence and engagement tools. 

    By Oct. 22, 2021
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    Spencer Platt via Getty Images

    Fiserv expands restaurant reach with BentoBox purchase

    The global payments processor said it would buy BentoBox to expand the reach of its Clover unit in servicing restaurants.

    By Lynne Marek • Oct. 19, 2021
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    Permission granted by BurgerFi

    BurgerFi acquires pizza chain for $161.3M

    Just over a year after it went public, the fast casual burger chain landed its first purchase, making Anthony's Coal Fired Pizza & Wings part of its strategy to become a multibrand platform.

    By Oct. 11, 2021