M&A


  • Online business payments
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    Sitthiphong via Getty Images

    How Chowly’s Koala buy will broaden online ordering access for SMBs

    With Koala’s enterprise-level digital ordering capabilities, Chowly will be able to offer a user-facing tool for its small and mid-size restaurant clients. 

    By Feb. 2, 2023
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    Permission granted by Chowly

    Chowly makes first acquisition with Koala buy

    The purchase adds machine learning capabilities to Chowly’s platform, allowing it to give recommendations to restaurants to increase digital basket sizes.

    By Feb. 1, 2023
  • Subway's reimagined interiors put in place in 2021 as part of its Eat Fresh Refresh.
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    Subway reportedly mulling $10B sale

    This price tag would near Inspire’s mammoth $11.4 billion purchase of Dunkin’ in 2020, but it may be difficult to find a restaurant or private equity buyer in uncertain economic times. 

    By Updated Jan. 12, 2023
  • An image of a building with Fuzzy's Taco Shop logo.
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    Courtesy of Dine Brands

    The 10 biggest restaurant deals of 2022

    Expensive capital and inflationary pressure slowed M&A last year, with both private equity firms and restaurant groups pausing their acquisition goals. 

    By Jan. 3, 2023
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    Distressed deals, QSR buys may drive 2023 restaurant M&A

    Buyers are attracted to models with strong off-premise sales that require lower building expenses and fewer employees, experts said.

    By Jan. 3, 2023
  • A picture of a Chipotle with a pickup lane.
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    Courtesy of Chipotle

    Chipotle targets Gen Z with wellness Snapchat Lens, menu items

    To address how Gen Z and millennials approach wellness, the chain is focused on convenience and mobile gamification.

    By Aaron Baar • Jan. 3, 2023
  • Inspire Brands Alliance Kitchen
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    Inspire sells Rusty Taco to Gala Capital Partners

    The restaurant, which has grown its footprint 50% since Inspire acquired it in 2018, will retain its current management team. 

    By Updated Dec. 21, 2022
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    Courtesy of Freshii

    Freshii sells to Foodtastic for $54.5M

    Cash-strapped Freshii, which operates 37 U.S. locations out of 330-plus North American stores, marks Foodtastic’s second restaurant buy this month. 

    By Dec. 19, 2022
  • An image of a building with Fuzzy's Taco Shop logo.
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    Courtesy of Dine Brands

    Dine Brands to buy Fuzzy’s Taco Shop for $80M

    The acquisition is the first for Dine Brands since it was founded in 2007, and adds a third restaurant to its portfolio. 

    By Dec. 5, 2022
  • An image of a Wetzel's Pretzels inside a Macy's.
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    Retrieved from Wetzel's Pretzels on November 02, 2022

    MTY Food Group buys Wetzel’s Pretzels for $207M

    The purchase of the pretzel chain, which aims to reach 400 units by 2023, follows MTY’s acquisition of BBQ Holdings in September.

    By Nov. 2, 2022
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    First Watch launches a secondary IPO

    The move comes weeks after Portillo’s announced a secondary offering, and may signal increasing confidence in the market after a slow IPO year.

    By Alicia Kelso • Sept. 14, 2022
  • Famous Dave's in Chantilly, Virgnia taken by Julie Littman of Restaurant Dive
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    Julie Littman/Restaurant Dive

    BBQ Holdings to be acquired by MTY Food Group for $200M

    The transaction will add nine brands to the Canada-based company and allow it to further expand its U.S. portfolio, which also includes Papa Murphy’s. 

    By Aug. 9, 2022
  • QDOBA Burrito
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    Courtesy of QDOBA

    Butterfly Equity to buy Qdoba, fold it into Modern Restaurant Concepts

    With the addition of the Mexican fast casual chain, Modern Restaurant Concepts expects growth potential to reach 3,000 units across brands. 

    By Aug. 9, 2022
  • 7-Eleven launches 7Now Gold Pass.
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    Courtesy of 7-Eleven

    7-Eleven reportedly acquires delivery startup, intends to compete with DoorDash

    The c-store giant bought Skipcart, which provides same-day and on-demand delivery, according to The Information. 

    By Brett Dworski • Aug. 8, 2022
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    Courtesy of Ampex Brands

    Ampex Brands acquires American bistro concept Bellagreen

    The franchise group plans to introduce the eight-unit chain in every major metro area, Ampex CEO Tabbassum Mumtaz said.

    By Alicia Kelso • July 25, 2022
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    Permission granted by Denny's

    Denny's completes $82.5M acquisition of Keke's Breakfast Cafe

    The breakfast chain, which has 52 locations in Florida, is expected to provide expansion opportunities as a complementary concept for Denny’s.

    By July 21, 2022
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    Grubhub, Amazon partner to expand Grubhub+ membership

    Amazon will be given warrants worth 2% in Grubhub shares, and access to additional shares if it brings more customers to Grubhub.

    By July 6, 2022
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    Panera terminates agreement with Danny Meyer's SPAC

    Due to unfavorable capital market conditions, Panera Brands and USHG Acquisition Corp. ended their relationship Friday. Panera said it will continue to explore a public listing if conditions improve.

    By July 1, 2022
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    The image by Elvert Barnes is licensed under CC BY-SA 2.0

    Grubhub CEO: A strong partnership is preferred as company mulls future

    Just Eat Takeaway is focused on improving its U.S. business, but a sale isn’t off the table, Grubhub CEO Adam DeWitt said at the Wall Street Journal’s Global Food Forum.

    By Updated June 29, 2022
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    Chicken Salad Chick

    Chicken Salad Chick inks franchise deals as it targets 500 units by 2025

    The fast casual chain signed two agreements that will bring 16 more locations to Texas, with plans to open about 50 restaurants nationwide this year. 

    By June 22, 2022
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    Courtesy of Lunchbox

    Lunchbox acquires NovaDine to improve offerings for enterprise chains

    The transaction will enable restaurants to manage digital guest experiences from a single operating system and increase Lunchbox’s scale.  

    By Alicia Kelso • June 8, 2022
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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
  • Wendy's
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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