RaceTrac Acquires Potbelly in $566 Million All-Cash Deal

Balance Point Invests in ABTB to Support Acquisition of 39 Taco Bell Restaurants in Atlanta

September 28, 2023

Restaurants & Hospitality

Balance Point Capital provided a follow-on equity investment in ABTB Mid-Atlantic Holding Company, LLC to support the acquisition of 39 Taco Bell restaurants in the Greater Atlanta metro. The stores will be operated by experienced QSR operator SWN LLC (Southpaw), which currently runs 180+ Taco Bell and Dunkin' locations and partners with Balance Point to expand its footprint.

Tasty Hut (Triton Pacific Affiliate) Acquires 27 Pizza Hut Restaurants

June 30, 2022

Restaurants & Hospitality

Tasty Hut, LLC, a portfolio company of Tasty Brands, LP (an affiliate of Triton Pacific), acquired a portfolio of 27 franchised Pizza Hut restaurants across West Virginia, Kentucky, Ohio and Virginia for an aggregate purchase price of $8.7 million. The deal — which closed June 15, 2022 — is an add-on to Tasty Hut's existing Pizza Hut footprint and expands the platform's presence in the Appalachian region.

Subway Restaurants to Be Acquired by Roark Capital Affiliates

August 24, 2023

Restaurants & Hospitality

Subway announced it entered into a definitive agreement to be acquired by affiliates of Roark Capital. The deal combines Subway’s global footprint and brand strength with Roark’s experience in restaurant and franchise business models, and is subject to regulatory approvals and customary closing conditions.

Restaurant Brands International Acquires Carrols Restaurant Group

May 16, 2024

Restaurants & Hospitality

Restaurant Brands International (RBI) completed an all-cash acquisition of Carrols Restaurant Group on May 16 for approximately $1.0 billion (at $9.55 per share). RBI said it will invest an additional $500 million to reimage more than 600 restaurants and plans to refranchise most of the acquired units over the next seven years; Carrols operated 1,023 Burger King restaurants across 23 states and 59 Popeyes restaurants in six states.

Balance Point Capital Equity Investment in ABTB Mid-Atlantic Holding Company (Taco Bell Portfolio)

January 18, 2022

Restaurants & Hospitality

Balance Point Capital (via affiliated funds) made an equity investment in ABTB Mid-Atlantic Holding Company, LLC, a portfolio owner of Taco Bell, Pizza Hut and KFC restaurants across Northern Virginia and the DC‑Metro area. The company is managed by QSR operator SWN LLC (Southpaw), which operates over 135 restaurants and will work with Balance Point to support continued acquisitions and new-unit development in the Mid‑Atlantic.

7-Eleven Acquires 204 Stripes Stores and Laredo Taco Company Locations from Sunoco LP

April 17, 2024

Retail

7-Eleven, Inc. has completed the acquisition of 204 Stripes convenience stores and associated Laredo Taco Company restaurant locations from Sunoco LP in a deal valued at roughly $1 billion. The transaction expands 7-Eleven's U.S. footprint and brings the Stripes and Laredo Taco Company brands under the 7-Eleven corporate family.