Authentic Restaurant Brands / Garnett Station Partners Acquires Fiesta Restaurant Group (Pollo Tropical)

November 16, 2023

Authentic Restaurant Brands (an ARB platform backed by Garnett Station Partners) completed a take-private acquisition of Fiesta Restaurant Group, Inc., the parent of the Pollo Tropical restaurant brand, in an all-cash transaction valued at $8.50 per share. The deal (supported by a $115 million senior secured credit facility provided by Comvest Credit Partners) brings Pollo Tropical into ARB's portfolio to expand and strengthen its regional restaurant platform.

Buyers
Authentic Restaurant Brands, Garnett Station Partners
Targets
Fiesta Restaurant Group, Inc.
Sellers
Fiesta stockholders
Location
Texas, United States
Transaction Type
Buyout

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