Roark Capital Group Acquires Majority Stake in Dave's Hot Chicken

June 11, 2025

Roark Capital Group has acquired a majority stake in Los Angeles-based fast-casual chain Dave's Hot Chicken in a deal reported at roughly $1 billion. The founders and senior leadership will remain in place as Roark positions the brand for accelerated domestic and international franchised growth leveraging its restaurant portfolio and supply-chain capabilities.

Buyers
Roark Capital Group
Targets
Dave's Hot Chicken
Location
California, United States
Transaction Type
Buyout

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