FAT Brands Acquires Twin Peaks for $300 Million

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.

FAT Brands Acquires Fazoli's from Sentinel Capital Partners

December 16, 2021

Restaurants & Hospitality

FAT Brands has acquired Fazoli's Group, Inc. from private equity firm Sentinel Capital Partners for an enterprise value of $130 million. Fazoli's, headquartered in Lexington, Kentucky, operates nearly 220 franchised and company-owned quick-service Italian restaurants across the United States; the acquisition expands FAT Brands' portfolio of franchised restaurant concepts.

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.

Dine Brands Acquires Fuzzy's Taco Shop

December 5, 2022

Restaurants & Hospitality

Dine Brands Global, Inc. agreed to acquire Fuzzy's Taco Shop from Experiential Brands LLC (a subsidiary of NRD Holding Company) for $80 million in cash. The purchase adds a fast-casual, largely franchised Mexican concept with 138 restaurants to Dine Brands' portfolio and is expected to be accretive to earnings while supporting Fuzzy's growth plans.

Garnett Station Partners Acquires and Recapitalizes Firebirds Wood Fired Grill

March 27, 2023

Restaurants & Hospitality

Garnett Station Partners, a New York-based principal investment firm, has acquired and recapitalized Firebirds Wood Fired Grill, a polished-casual dining chain founded in Charlotte, North Carolina. Financial terms were not disclosed; Garnett Station said the recapitalization will provide strategic capital to accelerate Firebirds' growth and development across its 56 locations in 20 states.

Fairfax Acquires Controlling Ownership of Peak Achievement Athletics

September 30, 2024

Manufacturing

Affiliates of Fairfax Financial Holdings Limited agreed to acquire all equity interests in Peak Achievement Athletics Inc. from Sagard Holdings Inc., giving Fairfax control of Peak and its brands including Bauer Hockey, Cascade Lacrosse and Maverik Lacrosse. The transaction was announced in September 2024 and was completed in December 2024; Fairfax said it will provide long-term support to grow Peak's portfolio.