Authentic Restaurant Brands / Garnett Station Partners Acquires Fiesta Restaurant Group (Pollo Tropical)
November 16, 2023
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.
- Buyers
- Authentic Restaurant Brands, Garnett Station Partners
- Targets
- Fiesta Restaurant Group, Inc.
- Sellers
- Fiesta stockholders
- Industry
- Restaurants & Hospitality
- Location
- Texas, United States
- Transaction Type
- Buyout
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