Savvy Sliders Acquires BurgerFi

BurgerFi Acquires Anthony's Coal Fired Pizza & Wings

October 11, 2021

Restaurants & Hospitality

BurgerFi International Inc. agreed to acquire Anthony's Coal Fired Pizza & Wings from L Catterton for approximately $161.3 million in a stock, preferred equity and debt assumption transaction. The deal expands BurgerFi's multi-brand restaurant platform, adding 61 Anthony's locations and complementary fast-casual and virtual concepts to its portfolio.

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.

Miami Beef Acquires Brooklyn Burger and Devault Foods

March 6, 2023

Food & Beverage

Miami Beef Company, a portfolio company of Trivest Partners, has acquired Brooklyn Burger and Devault Foods as add-on acquisitions to expand its frozen and fresh meat product offerings across retail and foodservice channels. The deals broaden Miami Beef's retail frozen-burger presence and strengthen its foodservice footprint in the Northeast and Midwest.

Savory Fund Acquires Majority Stake in The Sicilian Butcher

October 12, 2022

Restaurants & Hospitality

Savory Fund has acquired a majority interest in chef Joey Maggiore’s The Sicilian Butcher and its sister concept The Sicilian Baker, committing up to $30 million to support expansion. The Maggiores will remain involved while Savory Fund joins the board and aims to rapidly scale the Arizona-based three-unit brand into new markets (Texas and Las Vegas) with a goal of 20 units over four years.

Yum! Brands Acquires The Habit Burger Grill

January 6, 2020

Restaurants & Hospitality

Yum! Brands agreed to acquire all outstanding common shares of The Habit Restaurants, Inc. (The Habit Burger Grill) for $14.00 per share in cash, a transaction valued at approximately $375 million. The acquisition adds a fast-casual, chargrill-focused restaurant concept headquartered in Irvine, California to Yum!'s portfolio and is expected to close by the end of Q2 2020, with The Habit remaining based in Irvine and reporting into Yum!'s management.

Happy Belly Food Group Acquires IQ Foods Co.

September 6, 2024

Restaurants & Hospitality

Happy Belly Food Group Inc. has acquired 100% of Toronto-based QSR brand IQ Foods Co., including all four of its downtown Toronto locations. The acquisition expands Happy Belly's healthy/clean-eating platform, adding an estimated $4.0M in system sales and supporting the company's strategy of consolidating emerging food brands and growing its franchising footprint.