M&A: Page 3

  • Sweetgreen acquired Spyce in 2021.
    Image attribution tooltip
    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
  • Image attribution tooltip
    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
  • Church's Chicken restaurant exterior
    Image attribution tooltip
    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
  • An image of a California Pizza Kitchen restaurant.
    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 Alicia Kelso • July 26, 2021
  • Image attribution tooltip
    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
  • Pollo Tropical
    Image attribution tooltip
    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 1, 2021
  • Image attribution tooltip
    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
  • Image attribution tooltip
    "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
  • Village Inn in St. Augustine, Florida
    Image attribution tooltip
    "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
  • Image attribution tooltip
    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
  • Restaurant365 acquires Compeat
    Image attribution tooltip
    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
  • Toast Inc. point of sale device
    Image attribution tooltip
    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
  • Pizza Hut new store concept retrieved by Marketing Dive on April 5, 2021
    Image attribution tooltip
    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
  • Image attribution tooltip
    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 Alicia Kelso • March 29, 2021
  • Simple Greek
    Image attribution tooltip
    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
  • Image attribution tooltip

    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
  • 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
  • Chowbotics adds contactless ordering to Sally, the salad-making robot
    Image attribution tooltip
    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 , Thai Phi Le • 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