The Island Spot Acquires Bone Daddy's, Inc.

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.

Switchback Capital Acquires Smokey Mo's TX BBQ

January 13, 2022

Restaurants & Hospitality

Austin-based private equity firm Switchback Capital LLC acquired Smokey Mo's TX BBQ, a 16-unit Central Texas barbecue chain. Switchback plans to modernize the concept, roll out a new store prototype and expand franchising following the retirement of the founding family.

Sky Island Capital Makes Majority Investment in USA Industries

January 18, 2022

Manufacturing

Dallas-based private equity firm Sky Island Capital has made a majority investment in USA Industries, a South Houston, Texas manufacturer of piping isolation and testing products, alongside the company's second-generation founding family. Sky Island will support USA Industries' growth plan and product/solutions expansion through operational and financial resources as the company continues serving refining, petrochemical, chemical, industrial and OEM end markets.

CIC Partners Sells Willie's Grill & Icehouse

August 8, 2025

Restaurants & Hospitality

CIC Partners has completed the sale of Willie's Grill & Icehouse, a Houston-based fast-casual restaurant chain operating 21 locations across Central Texas. The Q2 2025 transaction was announced by CIC but the buyer and financial terms were not disclosed.

SpotSee (Harbour Group) Acquires Assets of Biosynergy, Inc.

January 24, 2022

Medical Devices

SpotSee, a Harbour Group portfolio company, has acquired the assets of Biosynergy, Inc., a manufacturer of temperature indicators for the life sciences market. The deal expands SpotSee's product offering and customer relationships in temperature monitoring for blood bags and other life-sciences applications; terms were not disclosed.

Greene King Acquires Hickory's Smokehouse Restaurant Group

November 11, 2022

Restaurants & Hospitality

Greene King has acquired Hickory's, a UK BBQ smokehouse restaurant group founded by Neil McDonnell, to accelerate the brand’s national rollout. Hickory's (operating multiple restaurants across the Midlands and North West) will continue to be run by its existing management team; financial terms were not disclosed.