Garnett Station Partners Recapitalizes PJW Restaurant Group
December 20, 2021
Garnett Station Partners has recapitalized PJW Restaurant Group, the parent company of P.J. Whelihan's, providing growth capital to support expansion of its 26-restaurant portfolio across New Jersey and Pennsylvania. Comvest Credit Partners provided an $80 million senior secured credit facility to support the transaction; financial terms of the recapitalization were not disclosed. Founder Bob Platzer and the current management team are partnering with Garnett Station under the recapitalization agreement.
- Targets
- PJW Restaurant Group
- Sellers
- Bob Platzer, PJW management team (including CEO Jim Fris)
- Industry
- Restaurants & Hospitality
- Location
- New Jersey, United States
- Transaction Type
- Recapitalization
Explore More
Build a buyer list for your deal
Find active buyers from recent acquisition patterns and move straight into outreach.