SPB Hospitality Acquires Amada and Village Whiskey from Ideation Hospitality
July 31, 2024
SPB Hospitality, a portfolio company backed by affiliates of Fortress Investment Group, has acquired the Amada and Village Whiskey restaurant brands (and their locations) from 3BM1 operating as Ideation Hospitality. The deal transfers ownership of Amada’s three locations and Village Whiskey’s Philadelphia location to SPB as part of a plan to scale the Amada concept nationally, with Chef Jose Garces remaining as the public face of the brands.
- Buyers
- SPB Hospitality, Fortress Investment Group LLC
- Targets
- Amada, Village Whiskey
- Sellers
- 3BM1 (Ideation Hospitality), Ballard Brands
- Platforms
- SPB Hospitality
- Industry
- Restaurants & Hospitality
- Location
- Pennsylvania, United States
- Transaction Type
- Addon
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