CIC Partners Sells Willie's Grill & Icehouse

Individual Investor Acquires Cattlemen's Steakhouse, Inc.

January 29, 2025

Restaurants & Hospitality

Generational Group advised the sale of Cattlemen's Steakhouse, Inc., a historic Oklahoma City steakhouse, to an unnamed individual investor, with the transaction closing on January 29, 2025. The buyer acquired both the business and its real estate and intends to preserve the restaurant's long-standing atmosphere and operations.

Walter Capital Partners Invests in Charcoal Group of Restaurants

February 15, 2024

Restaurants & Hospitality

Walter Capital Partners has made a platform/growth investment in the Charcoal Group of Restaurants to support the Ontario-based operator's expansion plans. The Charcoal Group — operator of brands including Beertown Public House and led by Jody Palubiski — plans to roughly double its number of restaurants (adding 15–20 new locations) under the partnership.

Flynn Restaurant Group and Wendy's Complete Purchase of NPC International's Pizza Hut and Wendy's Assets

March 24, 2021

Restaurants & Hospitality

NPC International has closed the sale of substantially all of its assets to Flynn Restaurant Group and Wendy's (together with five current Wendy's franchisees) as part of its Chapter 11 restructuring. The transactions transfer ownership of NPC's Pizza Hut and Wendy's restaurant locations (over 1,300 restaurants) to the buyers while restaurants remain open under new ownership.

US Foods Acquires IWC Food Service

February 15, 2024

Food & Beverage

US Foods Holding Corp. has agreed to acquire IWC Food Service (Institutional Wholesale Co., Inc.), a family-owned broadline foodservice distributor based in Cookeville, Tennessee, as a tuck-in to expand US Foods' footprint into central Tennessee. IWC, which generates more than $200 million in annual revenue and serves 2,700+ independent restaurants, will continue operating from its 160,000-square-foot facility and local cash-and-carry store; the deal is expected to close in Q2 2024 pending regulatory approval and terms were not disclosed.

CIC Partners Makes Growth Capital Investment in Tri-State Holdings LLC

October 27, 2020

Oil & Gas

Dallas-based private equity firm CIC Partners has made a growth capital investment in Tri-State Holdings LLC, a Joaquin, Texas-based provider of water transportation and disposal services to oil and gas producers in the Haynesville Shale. The capital will enable Tri-State to expand its disposal services and follow-on growth, and Tri-State concurrently acquired saltwater disposal assets from Key Energy Services as part of its service expansion.

Corbel Capital Partners Makes Minority Investment in IcyBreeze

December 16, 2022

Consumer Products

Los Angeles-based Corbel Capital Partners acquired a minority equity stake in IcyBreeze (Sweetwater, Texas), a maker of portable air-conditioning and cooler products. The investment, which closed December 12, 2022, is intended to professionalize the business and support continued growth in unit sales, revenue, and profitability.