M&A: Page 2

  • 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
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    Reef Technology's expansion

    Reef Technology acquires logistics partner Bond

    The acquisition strengthens Reef's distribution capacity, which will now include Bond's last-mile delivery nano-warehouses.

    By , Oct. 7, 2021
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    Permission granted by Tahoe Joe's

    BBQ Holdings will buy Tahoe Joe's Famous Steakhouses

    This acquisition comes just a few months after the restaurant group bought Village Inn and Bakers Square for $13.5 million.

    By Oct. 7, 2021
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    Permission granted by Kitchen United

    Kitchen United buys Zuul, entering New York City market

    After announcing one of the first acquisitions in the ghost kitchen segment, the company's chief business officer said there's potential for more deals as it looks to expand geographically.

    By Oct. 4, 2021
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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 Sept. 1, 2021
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    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 Aug. 24, 2021
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    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 Aug. 4, 2021
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    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 Updated Aug. 2, 2021
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    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
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    "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