M&A: Page 5
-
Private investment firm to buy one of Taco Bell’s largest franchisees
Orangewood Partners' purchase of Pacific Bells, which operates over 250 Taco Bells in nine states, comes amid a broader restaurant M&A spike.
By Alicia Kelso • Nov. 12, 2021 -
DoorDash makes major expansion into Europe with $8B acquisition
By acquiring Finland-based Wolt, which operates in 23 countries, DoorDash will be able to build out an international presence without losing focus on the U.S.
By Julie Littman • Nov. 10, 2021 -
Trendline
Restaurant Financing
With ongoing macroeconomic pressures facing restaurants, operators are entering into alternative financing, mergers and acquisitions and even bankruptcy to sustain their businesses.
By Restaurant Dive staff -
Sun Holdings adds Applebee’s units to its growing portfolio
The third-largest franchisee in the U.S. acquired 131 Applebee's restaurants in 14 states from RMH Franchise Holdings.
By Alicia Kelso • Nov. 8, 2021 -
Fat Brands buys Fazoli's for $130M
The multi-branded restaurant platform has made its fourth acquisition in the last 15 months with the addition of the 200-unit QSR chain, which has a pipeline of another 100 units.
By Julie Littman • Nov. 2, 2021 -
Fuzzy's Taco Shop parent forms new restaurant group Experiential Brands
The company aims to double the Mexican brand's footprint in five years, while also looking for other food and beverage concepts to add to its portfolio.
By Alicia Kelso • Oct. 27, 2021 -
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 Emma Liem Beckett • Oct. 27, 2021 -
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 Julie Littman • Oct. 22, 2021 -
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 -
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 Emma Liem Beckett • Oct. 11, 2021 -
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 Emma Liem Beckett , Aneurin Canham-Clyne • Oct. 7, 2021 -
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 Emma Liem Beckett • Oct. 7, 2021 -
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 Aneurin Canham-Clyne • Oct. 4, 2021 -
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 Emma Liem Beckett • Sept. 1, 2021 -
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 Julie Littman • Aug. 24, 2021 -
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 Julie Littman • Aug. 4, 2021 -
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 Julie Littman • Updated Aug. 2, 2021 -
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 -
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 Julie Littman • 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 Emma Liem Beckett • July 2, 2021 -
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 -
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