SPB Hospitality Acquires J. Alexander's Holdings for $220M

SPB Hospitality Adds Krystal Restaurants to Portfolio

April 27, 2023

Restaurants & Hospitality

SPB Hospitality has completed a merger with Krystal Restaurants, adding nearly 300 quick-service locations and roughly 3,500 employees to SPB's portfolio. The move expands SPB's multi-brand restaurant platform (which is owned by funds managed by affiliates of Fortress Investment Group) and aims to leverage shared services and best practices across brands.

AEA Investors Acquires Jack's Family Restaurants

August 19, 2019

Restaurants & Hospitality

AEA Investors' Middle Market Private Equity funds completed the acquisition of Jack's Family Restaurants, a regional quick-service restaurant chain operating approximately 170 company-owned units across Alabama, Tennessee, Georgia and Mississippi. Jack's, headquartered near Birmingham (Homewood), Alabama, operates roughly 170 locations and ~5,600 employees and offers a differentiated Southern-inspired QSR concept with opportunities to expand market share in its current footprint.

Goldman Sachs Merchant Banking Division Takes Significant Stake in Zaxby's

November 18, 2020

Restaurants & Hospitality

Investment funds managed by the Goldman Sachs Merchant Banking Division will acquire a significant stake in Zaxby's Operating Company L.P., providing long-term capital to support accelerated growth and expansion into new sales channels. The partnership will help Zaxby's scale nationally from its base of more than 900 restaurants (17 states), and the deal was expected to close by year-end 2020.

J.S. Held Acquires Phoenix Management Services and Phoenix IB

October 10, 2023

Consulting

Global consulting firm J.S. Held has acquired Phoenix Management Services and Phoenix IB to expand its turnaround, restructuring, corporate finance, and investment banking capabilities. The deal brings Phoenix's operational turnaround and advisory expertise together with a FINRA-registered broker-dealer platform to support middle-market special-situation and M&A work across multiple industries.

J.S. Held Acquires Stapleton Group

October 10, 2024

Consulting

Global consulting firm J.S. Held has acquired Stapleton Group and launched a Strategic Advisory practice led by Michael Jacoby. The acquisition strengthens J.S. Held's restructuring, bankruptcy, receivership, and turnaround capabilities and adds specialized expertise in real estate and agribusiness.

Stellex Capital Management Acquires Fox Brothers Holdings Group

September 20, 2024

Industrial Services

An affiliate of Stellex Capital Management has acquired a majority stake in UK-based Fox Brothers Holdings Group, a family-run integrated services and construction materials provider. The deal will merge Fox Brothers with J A Jackson, retain Paul Fox as CEO, bring industry veterans Mark Joel and Andy Swinnerton into senior roles, and aims to expand and vertically integrate the business into a circular-economy construction materials platform.