M&A: Page 5
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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 Emma Liem Beckett • June 30, 2021 -
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 Julie Littman • Updated June 28, 2021 -
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 Julie Littman • 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 Julie Littman • June 21, 2021 -
Luby's sells Fuddruckers for $18.5M
The company sold the restaurant to Black Titan Franchise Systems as part of its liquidation plan.
By Julie Littman • June 18, 2021 -
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 Julie Littman • June 16, 2021 -
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 -
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 Julie Littman • June 11, 2021 -
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 Julie Littman • May 27, 2021 -
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 Julie Littman • 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 Julie Littman • 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 -
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 -
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 Alicia Kelso • March 10, 2021 -
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 Julie Littman • March 4, 2021 -
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 Julie Littman , 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 Emma Liem Beckett • 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 Julie Littman • Jan. 22, 2021 -
Getty
Deep DiveAfter 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 Julie Littman • 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 Julie Littman • 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 Julie Littman • Jan. 7, 2021 -
Permission granted by WIng Zone
Capriotti's Sandwich Shop acquires Wing Zone
The sandwich chain looks to leverage Wing Zone's off-premise experience, which includes a direct delivery model, to grow both brands nationwide.
By Julie Littman • Jan. 5, 2021 -
Thai Phi Le
10 of the most impactful restaurant M&A deals of 2020
Deal-making slowed to a crawl during the height of the pandemic, but concepts with strong off-premise potential piqued the interest of strategic buyers in the last few months of the year.
Dec. 22, 2020 -
Retrieved from WoWorks on December 22, 2020
Saladworks parent buys 2 fast casual chains, forms holding company
The acquisition of Garbanzo Mediterranean Fresh and Frutta Bowls has led to the creation of WoWorks, which will focus on brands that serve healthy meals.
By Julie Littman • Dec. 22, 2020 -
Luby's sells 13 Fuddruckers locations to franchisee
The agreement with Black Titan Holdings is part of Luby's plan to sell its assets and liquidate and dissolve Luby's, Inc.
By Julie Littman • Dec. 17, 2020
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