FAT Brands Acquires Smokey Bones Bar & Fire Grill

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.

FAT Brands Acquires Twin Peaks for $300 Million

September 1, 2021

Restaurants & Hospitality

FAT Brands Inc. agreed to acquire Twin Peaks, a sports-lodge casual dining chain, from Garnett Station Partners for $300 million. The deal, funded with proceeds from a $250 million securitized debt financing and issuance of Series B preferred stock, expands FAT Brands into the polished casual dining / sports-lodge segment and adds 82 locations (with more in development).

American Outdoor Brands Acquires Grilla Grills

March 10, 2022

Consumer Products

American Outdoor Brands, a publicly traded outdoor-products company, agreed to acquire privately owned Grilla Grills for $27 million in cash (approximately $24 million after tax benefit). The acquisition gives American Outdoor Brands a direct-to-consumer barbecue brand and entry into the U.S. barbecue grill market to expand its outdoor lifestyle product category.

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.

Savvy Sliders Acquires BurgerFi

December 19, 2024

Restaurants & Hospitality

Michigan-based Savvy Sliders has acquired Florida-based BurgerFi, adding the chef-driven fast-casual chain to its portfolio alongside Happy's Pizza and Fat Boy's Pizza. BurgerFi will continue to operate under its own name across its locations, and the combined restaurant portfolio will total 206 stores.

Conagra Brands Acquires Sweetwood Smoke & Co. (FATTY Smoked Meat Sticks)

August 12, 2024

Food & Beverage

Conagra Brands has acquired Sweetwood Smoke & Co., the maker of FATTY Smoked Meat Sticks; financial terms were not disclosed. Conagra said the purchase supports its strategy to reshape the portfolio for faster growth by adding a premium, better‑for‑you snack brand and expanding its snacking capabilities and distribution.