FAT Brands Acquires Smokey Bones Bar & Fire Grill
September 25, 2023
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.
- Buyers
- FAT Brands Inc.
- Targets
- Smokey Bones Bar & Fire Grill
- Sellers
- An affiliate of Sun Capital Partners, Inc.
- Industry
- Restaurants & Hospitality
- Location
- Florida, United States
- Transaction Type
- Buyout
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