FAT Brands Acquires Fazoli's from Sentinel Capital Partners
December 16, 2021
FAT Brands has acquired Fazoli's Group, Inc. from private equity firm Sentinel Capital Partners for an enterprise value of $130 million. Fazoli's, headquartered in Lexington, Kentucky, operates nearly 220 franchised and company-owned quick-service Italian restaurants across the United States; the acquisition expands FAT Brands' portfolio of franchised restaurant concepts.
- Buyers
- FAT Brands Inc.
- Targets
- Fazoli's Group, Inc.
- Sellers
- Sentinel Capital Partners
- Industry
- Restaurants & Hospitality
- Location
- Kentucky, United States
- Transaction Type
- Divestiture
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