Garnett Station Partners Acquires and Recapitalizes Firebirds Wood Fired Grill

Garnett Station Partners Recapitalizes PJW Restaurant Group

December 20, 2021

Restaurants & Hospitality

Garnett Station Partners has recapitalized PJW Restaurant Group, the parent company of P.J. Whelihan's, providing growth capital to support expansion of its 26-restaurant portfolio across New Jersey and Pennsylvania. Comvest Credit Partners provided an $80 million senior secured credit facility to support the transaction; financial terms of the recapitalization were not disclosed. Founder Bob Platzer and the current management team are partnering with Garnett Station under the recapitalization agreement.

Garnett Station Partners Recapitalizes Mambo Seafood

January 10, 2022

Restaurants & Hospitality

Garnett Station Partners has recapitalized Houston-based Mambo Seafood, partnering with founder Michael Ho and CEO Robert McKinley to provide growth capital for the company's planned expansion across Texas and the Southwest. Financial terms were not disclosed; Mambo operates 11 locations (10 company-owned, one franchised) and will use the investment to accelerate on- and off-premise growth.

Garnett Station Partners Invests in Woof Gang Bakery & Grooming

June 16, 2022

Retail

Garnett Station Partners, a New York-based principal investment firm, announced a growth investment in Woof Gang Bakery & Grooming to provide capital and operational resources to accelerate the brand’s franchise expansion. Woof Gang, founded in 2007, operates as a franchisor of pet grooming and specialty retail with more than 200 locations and $125+ million of run-rate system sales.

Garnett Station Partners Recapitalizes Flagstop Car Wash

January 11, 2023

Automotive

Garnett Station Partners has recapitalized Flagstop Car Wash, partnering with CEO Jamie Nester and the management team to provide growth capital for continued expansion. The investment will support new unit development and acquisitions as Flagstop looks to double its current footprint; financial terms were not disclosed.

Authentic Restaurant Brands / Garnett Station Partners Acquires Fiesta Restaurant Group (Pollo Tropical)

November 16, 2023

Restaurants & Hospitality

Authentic Restaurant Brands (an ARB platform backed by Garnett Station Partners) completed a take-private acquisition of Fiesta Restaurant Group, Inc., the parent of the Pollo Tropical restaurant brand, in an all-cash transaction valued at $8.50 per share. The deal (supported by a $115 million senior secured credit facility provided by Comvest Credit Partners) brings Pollo Tropical into ARB's portfolio to expand and strengthen its regional restaurant platform.

FAT Brands Acquires Smokey Bones Bar & Fire Grill

September 25, 2023

Restaurants & Hospitality

FAT Brands Inc. has acquired the Smokey Bones Bar & Fire Grill restaurant chain from an affiliate of Sun Capital Partners for $30 million. The purchase adds 61 corporate Smokey Bones locations across 16 states, is expected to increase adjusted EBITDA by about $10 million, and expands FAT Brands' polished dining portfolio.