M&A: Page 2


  • Image attribution tooltip
    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 July 26, 2021
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    Permission granted by Bakers Square
    Deep Dive

    Why 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 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 July 2, 2021
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    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 July 1, 2021
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    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 June 30, 2021
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    "The image" by Willis Lam is licensed under CC BY-SA 2.0

    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 Updated June 28, 2021
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    "The image" by Michael Rivera is licensed under CC BY-SA 4.0

    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 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 June 21, 2021
  • Image attribution tooltip
    "The image" by Phillip Pessar is licensed under CC BY 2.0

    Luby's sells Fuddruckers for $18.5M

    The company sold the restaurant to Black Titan Franchise Systems as part of its liquidation plan.

    By June 18, 2021
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    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 June 16, 2021
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    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 June 14, 2021
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    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 June 11, 2021
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    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 May 27, 2021
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    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 April 9, 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 April 1, 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 March 29, 2021
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    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 Updated March 16, 2021
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    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 March 10, 2021
  • Image attribution tooltip
    "The image" by Mr. Blue MauMau is licensed under CC BY 2.0

    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 March 4, 2021
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    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 , Feb. 8, 2021
  • Fertitta looks to bail on Fast Acquisition merger

    In SEC filings, Fast Acquisition claims Fertitta Entertainment can't back out of the deal because it delayed providing necessary financial statements ahead of the Dec. 1 closing deadline.

    By Updated Dec. 3, 2021
  • 4 investor strategies for restaurant deals this year

    From private equity firms to special purpose acquisition corporations, all investor eyes will be on concepts that have thrived during the pandemic with strong potential to grow nationally.

    By Jan. 22, 2021
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    Getty
    Deep Dive

    After pandemic slump, M&A will accelerate in 2021

    From distressed deals to buyouts, transaction activity will be diverse as more buyers anticipate high returns on investment when the industry recovers after the pandemic.

    By Jan. 21, 2021
  • NPC International agrees to $801M sale of its Wendy's, Pizza Hut assets

    Flynn Restaurant Group will acquire all of NPC's 900-plus Pizza Hut units and half of its 393 Wendy's units, while a consortium of Wendy's franchisees buys the other half. 

    By Jan. 7, 2021
  • Peak Rock Capital acquires Shipley Do-Nuts

    The new owner will focus on growing and improving performance at the 300-unit doughnut chain, which is mainly focused in the Texas market. 

    By Jan. 7, 2021