MTY Food Group Acquires BBQ Holdings

MTY Food Group Acquires South Street Burger

March 21, 2019

Restaurants & Hospitality

MTY Food Group Inc. announced that a wholly-owned subsidiary acquired substantially all of the assets of South Street Burger for approximately $5.1 million. The acquisition (24 franchised and 13 corporate restaurants, including one in Dubai) strengthens MTY's position in the fast-casual/gourmet burger segment and will move South Street Burger operations into MTY's Ontario offices.

BBQ Holdings Acquires Barrio Queen

April 12, 2022

Restaurants & Hospitality

BBQ Holdings, Inc. (soon to be Famous Hospitality, Inc.) acquired Barrio Queen, a Phoenix/Scottsdale-based Mexican fine-dining restaurant chain, for $28 million on April 11, 2022. The acquisition expands BBQ Holdings' multi-brand restaurant portfolio and adds a fast-growing Mexican dining and tequila concept with seven locations and an eighth leased.

American Outdoor Brands Acquires Grilla Grills

March 10, 2022

Consumer Products

American Outdoor Brands, a publicly traded outdoor-products company, agreed to acquire privately owned Grilla Grills for $27 million in cash (approximately $24 million after tax benefit). The acquisition gives American Outdoor Brands a direct-to-consumer barbecue brand and entry into the U.S. barbecue grill market to expand its outdoor lifestyle product category.

Switchback Capital Acquires Smokey Mo's TX BBQ

January 13, 2022

Restaurants & Hospitality

Austin-based private equity firm Switchback Capital LLC acquired Smokey Mo's TX BBQ, a 16-unit Central Texas barbecue chain. Switchback plans to modernize the concept, roll out a new store prototype and expand franchising following the retirement of the founding family.

FAT Brands Acquires Smokey Bones Bar & Fire Grill

September 25, 2023

Restaurants & Hospitality

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.

Darden Restaurants Acquires Chuy's Holdings, Inc.

October 14, 2024

Restaurants & Hospitality

Darden Restaurants completed its previously announced all-cash acquisition of Chuy's Holdings, Inc. for an enterprise value of approximately $605 million, financed in part with proceeds from senior note offerings. Chuy's—founded in Austin, Texas—operates just over 100 Tex‑Mex restaurant locations (about 101 stores) with annualized unit volumes of roughly $4.5 million; Chuy's stockholders approved the merger and the company's common stock ceased trading on Nasdaq.