MTY Food Group Acquires South Street Burger

Rhône Acquires Freddy's Frozen Custard & Steakburgers from Thompson Street Capital Partners

September 4, 2025

Restaurants & Hospitality

Investment funds affiliated with Rhône have acquired Freddy's Frozen Custard & Steakburgers from Thompson Street Capital Partners. Freddy's— a fast-casual franchise with more than 550 locations and over $1 billion in system-wide sales—will keep its existing leadership as Rhône supports continued market expansion and guest-experience improvements.

Restaurant Brands International Acquires Remaining Stakes in Burger King China

February 18, 2025

Restaurants & Hospitality

A subsidiary of Restaurant Brands International (RBI) acquired the equity interests in Burger King China from TFI Asia Holdings BV and Pangaea Two Acquisition Holdings XXIII, Ltd (Cartesian) for approximately $158 million in cash, bringing RBI's ownership to nearly 100%. RBI said it will engage advisors to identify a new local operating partner to inject capital and become the controlling shareholder as part of a strategy to support long-term growth in China.

Savvy Sliders Acquires BurgerFi

December 19, 2024

Restaurants & Hospitality

Michigan-based Savvy Sliders has acquired Florida-based BurgerFi, adding the chef-driven fast-casual chain to its portfolio alongside Happy's Pizza and Fat Boy's Pizza. BurgerFi will continue to operate under its own name across its locations, and the combined restaurant portfolio will total 206 stores.

Miami Beef Acquires Brooklyn Burger and Devault Foods

March 6, 2023

Food & Beverage

Miami Beef Company, a portfolio company of Trivest Partners, has acquired Brooklyn Burger and Devault Foods as add-on acquisitions to expand its frozen and fresh meat product offerings across retail and foodservice channels. The deals broaden Miami Beef's retail frozen-burger presence and strengthen its foodservice footprint in the Northeast and Midwest.

MTY Food Group Acquires BBQ Holdings

September 28, 2022

Restaurants & Hospitality

MTY Food Group Inc. completed its acquisition of BBQ Holdings, Inc. for US$17.25 per share in cash, valuing the deal at about US$200 million (including net debt). BBQ Holdings became an indirect wholly-owned subsidiary of MTY, and its support center will remain in Minnetonka, Minnesota.

Yum! Brands Acquires The Habit Burger Grill

January 6, 2020

Restaurants & Hospitality

Yum! Brands agreed to acquire all outstanding common shares of The Habit Restaurants, Inc. (The Habit Burger Grill) for $14.00 per share in cash, a transaction valued at approximately $375 million. The acquisition adds a fast-casual, chargrill-focused restaurant concept headquartered in Irvine, California to Yum!'s portfolio and is expected to close by the end of Q2 2020, with The Habit remaining based in Irvine and reporting into Yum!'s management.