M&A: Page 6

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    Courtesy of Grubhub
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    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
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    Courtesy of PR Newswire
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    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
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    VioletaStoimenova via Getty Images
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    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
  • Toast Inc. point of sale device
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    Courtesy of Toast Inc.
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    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
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    Courtesy of Pizza Hut
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    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
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    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
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    Wibbitz
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    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
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    Wendy's
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    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
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    Courtesy of PR Newswire
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    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
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    Waitr
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    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
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    "The image" by Mr. Blue MauMau is licensed under CC BY 2.0
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    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
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    Courtesy of Chowbotics
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    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
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    Del Frisco's Restaurant
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    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
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    jannoon028
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    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
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    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
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    Wendy's
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    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
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    "Shipley Do-Nuts" by Steve Snodgrass is licensed under CC BY 2.0
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    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
  • Wing Zone delivery
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    Permission granted by WIng Zone
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    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 • Jan. 5, 2021
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    Thai Phi Le
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    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
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    Retrieved from WoWorks on December 22, 2020
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    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 • Dec. 22, 2020
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    "The image" by Phillip Pessar is licensed under CC BY 2.0
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    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 • Dec. 17, 2020
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    By Chloe
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    Bankruptcy court approves By Chloe's plan to sell company

    Co-founder and chef Chloe Coscarelli is reportedly exploring a bid for the company, which she left after a dispute with a shareholder.

    By • Updated Jan. 8, 2021
  • Closed sign outside of a small business during the coronavirus pandemic of 2020.
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    Alabama Extension. (2020). "The image" [Photograph]. Retrieved from Flickr.
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    Q&A

    Should you close, sell or declare bankruptcy? What restaurants need to know.

    Edward Webb, advisory partner at consultancy BPM, discusses what operators struggling to meet their financial obligations should consider in their next steps.

    By • Dec. 14, 2020
  • An image of a building with glass and a yellow sign that says Fatburger next to an image on orange buffalo
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    Permission granted by Fat Brants
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    Fat Brands to merge with Fog Cutter Capital Group

    The Johnny Rockets owner says the agreement to combine with its controlling stockholder will provide the company with more financial flexibility and simplify its corporate structure. 

    By • Updated Dec. 11, 2020
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    "The image" by Mike Mozart is licensed under CC BY 2.0
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    Court approves Ruby Tuesday's plan to sell itself

    Goldman Sachs and TCW Direct Lending, two of the company's main lenders, are potential bidders for the casual dining company, which is trying to pay down over $50 million in debt. 

    By • Nov. 23, 2020
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    Wendy's
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    Wendy’s wants to buy NPC International’s 393 units

    The QSR put forth a consortium bid with a group of pre-qualified franchisees a week after it filed an objection to a deal proposed by stalking horse bidder Flynn Restaurant Group. 

    By • Nov. 19, 2020