Tracked deals
304
304 tracked deals across 2010-2026.
Top Private Equity-Backed Restaurants & Hospitality Acquirers
Buyer mix
PE-led
327 pe · 117 strategic
Top trend
Volume peaked in 2022
50 tracked deals announced in 2022.
Buyer Snapshot
Top Buyers
Illustrative buyers pulled from tracked transactions on this page. This table is capped and intentionally non-exhaustive.
| Buyer | # Deals | Focus | Type |
|---|---|---|---|
| Garnett Station Partners | 6 | New York-based principal investment firm that partners wi... | PE |
| L Catterton | 5 | Global consumer-focused private equity firm investing in ... | PE |
| Savory Fund | 5 | Operator-led growth fund that partners with fast-casual r... | PE |
| Alterra Mountain Company | 4 | Owner and operator of a portfolio of mountain resorts and... | Strategic (PE-backed) |
| Brentwood Associates | 4 | Los Angeles–based growth-oriented private equity firm foc... | PE |
| H.I.G. Capital | 4 | Global alternative investment firm providing equity and d... | PE |
| Centre Lane Partners, LLC | 3 | Private investment firm that invests in middle-market com... | PE |
| Goode Partners LLC | 3 | New York-based private equity firm focused on investments... | PE |
| KKR | 3 | Global investment firm investing across private equity, i... | PE |
| Orangewood Partners | 3 | New York-based private investment firm focused on control... | PE |
Acquisition Volume in Private Equity-Backed Restaurants & Hospitality by Year
Last 10 years
Actual
Full-year estimate
Supporting Data
Recent Transactions
-
September 10, 2026
- Buyer
- Trimontium, Garnett Station Partners
- Target
- Authentic Restaurant Brands (ARB)
- Industry
- Restaurants & Hospitality
- Location
- Texas, United States
- Type
- Growth capital
Trimontium announced a $325 million bespoke, flexible capital solution for Authentic Restaurant Brands (ARB), a Garnett Station Partners portfolio company. The package blends debt, hybrid and equity instruments to support ARB’s next phase of growth, including expansion within its home markets and selective acquisition of additional regional restaurant concepts.
-
- Buyer
- Golub Capital
- Target
- Church's Texas Chicken
- Seller
- High Bluff Capital Partners, Future Standard
- Industry
- Restaurants & Hospitality
- Location
- Georgia, United States
- Type
- Growth capital
Golub Capital provided a strategic growth equity investment in Church's Texas Chicken to support restaurant development, remodeling, and continued expansion. The deal terms were not disclosed.
-
June 16, 2026
- Buyer
- LongRange Capital, Yum China Holdings, Inc.
- Target
- Pizza Hut (excluding Mainland China), Pizza Hut in Mainland China (Pizza Hut China)
- Seller
- Yum! Brands, Inc.
- Industry
- Restaurants & Hospitality
- Location
- Kentucky, United States
- Type
- Divestiture
Yum! Brands entered into definitive agreements to sell Pizza Hut for $2.7 billion in total: Pizza Hut excluding Mainland China to LongRange Capital for about $1.5 billion (plus a potential $75 million earn-out by 2030) and Pizza Hut in Mainland China to Yum China Holdings for about $1.2 billion. The transactions are expected to close in the third quarter of 2026, subject to customary regulatory approvals, and will make Yum! stop reporting Pizza Hut as a separate operating division.
-
March 19, 2026
- Buyer
- Suchad Chiaranussati, SC Capital Partners, Hotel Management Japan (HMJ), Topotels Hotels & Resorts
- Target
- Fusion Hotel Group
- Industry
- Restaurants & Hospitality
- Location
- Vietnam
- Type
- Buyout
Fusion Hotel Group, a Vietnam-based wellness hospitality brand and management company, has been acquired by Suchad Chiaranussati, founder and chairman of SC Capital Partners. The acquisition is intended to help build a scaled pan-Asian hotel management platform by integrating Fusion with Chiaranussati’s other hospitality holdings, including Hotel Management Japan and Topotels Hotels & Resorts.
-
February 12, 2026
- Buyer
- Expedition:Earth, Providence Investment Partners
- Target
- EXPLORE, Inc.
- Industry
- Restaurants & Hospitality
- Location
- Colorado, United States
- Type
- Buyout
Expedition:Earth, a new Texas-based multi-brand operator, announced a strategic investment to acquire EXPLORE, Inc., a Steamboat Springs, Colorado-based luxury tour operator specializing in custom travel throughout Africa and select global destinations. Providence Investment Partners provided debt and equity financing to support the transaction, which serves as Expedition:Earth's inaugural platform acquisition under its buy-and-build growth strategy to expand capabilities, distribution and technology while preserving EXPLORE's founder-led culture.
-
February 2, 2026
- Buyer
- Crestview Partners, AltitudeX Aviation Group, Members of Tailwind's existing management team
- Target
- Tailwind Hospitality, Inc.
- Seller
- Palladin Consumer Retail Partners
- Industry
- Restaurants & Hospitality
- Location
- North Carolina, United States
- Type
- Buyout
Crestview Partners has acquired Tailwind Hospitality, an airport concessions operator, from Palladin Consumer Retail Partners. Crestview is investing alongside AltitudeX Aviation Group and members of Tailwind’s management; Tailwind will remain led by CEO Jeff Switzer and will pursue further organic and acquisition-driven expansion across U.S. airports.
-
January 21, 2026
- Buyer
- StayTerra, Garnett Station Partners, Bessemer Venture Partners
- Target
- Vacation Homes of Hilton Head
- Industry
- Restaurants & Hospitality
- Location
- South Carolina, United States
- Type
- Addon
StayTerra, a vacation rental platform backed by Garnett Station Partners and Bessemer Venture Partners, announced an investment in Vacation Homes of Hilton Head (VHHH), a luxury property management and vacation rental operator on Hilton Head Island, South Carolina. The deal expands StayTerra's portfolio into the southeastern Atlantic coast and positions VHHH for growth leveraging StayTerra's technology, customer service capabilities and growth capital.
-
January 16, 2026
- Buyer
- TriArtisan Capital Advisors LLC, Treville Capital Group LLC, Yadav Enterprises, Inc.
- Target
- Denny's Corporation
- Industry
- Restaurants & Hospitality
- Location
- United States
- Type
- Buyout
Denny’s Corporation completed its previously announced acquisition by a consortium led by TriArtisan Capital Advisors, along with Treville Capital Group and franchisee Yadav Enterprises. The $620 million all-cash transaction took Denny’s private and resulted in Denny’s common stock ceasing to trade on Nasdaq as of January 16, 2026.
-
January 15, 2026
- Buyer
- Kasa, Silver Lake Waterman
- Target
- Mint House
- Seller
- Mint House shareholders (including Mohari Hospitality and Revolution Ventures)
- Industry
- Restaurants & Hospitality
- Location
- New York, United States
- Type
- Buyout
Kasa has acquired Mint House in an all-equity transaction, integrating Mint House's portfolio (roughly 22 properties / nearly 1,000 residential hospitality units) into Kasa's platform to create the largest U.S. operator of apartment-style and traditional hotels. The deal follows a $40 million investment from Silver Lake Waterman backing Kasa and is intended to drive scale, cost efficiencies and improved commercial performance across distribution, revenue management and guest engagement.
-
December 23, 2025
- Buyer
- Carlyle Asia Partners
- Target
- KFC Korea
- Industry
- Restaurants & Hospitality
- Location
- South Korea
- Type
- Buyout
Carlyle Asia Partners, through an affiliated entity, has entered into a definitive agreement to acquire a 100% stake in KFC Korea. The deal aims to support KFC Korea’s next phase of growth in South Korea by partnering with management to accelerate new store openings, strengthen marketing, and drive menu innovation.
-
December 17, 2025
- Buyer
- Wedgewood Weddings & Events
- Target
- Primrose Cottage, Flint Hill, The Atrium, Vinewood Stables, Natalie House, A Divine Event
- Seller
- Magic Moments
- Industry
- Restaurants & Hospitality
- Location
- Georgia, United States
- Type
- Addon
Wedgewood Weddings & Events has acquired five Atlanta-area venues — Primrose Cottage (Roswell), Flint Hill (Norcross), The Atrium (Norcross), Vinewood Stables (Newnan) and Natalie House (Lawrenceville) — from Magic Moments and is integrating the A Divine Event design studio into its model. The deal expands Wedgewood’s portfolio to more than 80 venues across nine states and brings local design and catering capabilities into its all-inclusive wedding venue offering.
-
December 16, 2025
- Buyer
- H.I.G. Capital
- Target
- Shore Excursions Group, LLC
- Industry
- Restaurants & Hospitality
- Location
- Florida, United States
- Type
- Buyout
H.I.G. Capital, through an affiliate, has completed the acquisition of Shore Excursions Group, the world's largest independent provider of onshore tours and excursions for cruise passengers. Founded in 2008 and headquartered near Fort Lauderdale, Shore Excursions Group coordinates over 4,000 tours across roughly 350 ports and has delivered more than five million tours via travel-agency and direct channels. Marathon Asset Management and Webster Bank arranged a senior-secured credit facility to support H.I.G.'s acquisition and future growth plans.
-
December 3, 2025
- Buyer
- Proof of the Pudding
- Target
- RS3 Strategic Hospitality
- Industry
- Restaurants & Hospitality
- Location
- Texas, United States
- Type
- Buyout
Atlanta-based Proof of the Pudding has acquired RS3 Strategic Hospitality, a Round Rock, Texas–based provider of food and beverage services for sports, entertainment and event venues. The deal expands Proof of the Pudding's national sports and entertainment footprint, strengthens its partnerships in Texas and other key markets, and preserves RS3's brand and leadership team.
-
November 17, 2025
- Buyer
- Bain Capital
- Target
- Concert Golf Partners
- Seller
- Clearlake Capital Group
- Industry
- Restaurants & Hospitality
- Location
- Florida, United States
- Type
- Buyout
Bain Capital has invested in Concert Golf Partners as Clearlake Capital completes its exit; terms were not disclosed. Concert Golf, an owner-operator of 39 private golf and country clubs headquartered in Lake Mary, Florida, will be supported by Bain's Private Equity and Real Estate teams to continue platform growth and investment in club amenities.
-
- Buyer
- CPE
- Target
- Burger King China (newly formed Burger King China entity)
- Industry
- Restaurants & Hospitality
- Location
- China
- Type
- Growth capital
Restaurant Brands International (RBI) announced a joint venture with Chinese investment firm CPE in which CPE will invest $350 million to expand Burger King China from about 1,250 restaurants to more than 4,000 by 2035. After closing (expected in Q1 2026 subject to regulatory approvals), CPE will hold 83% of the newly formed Burger King China entity, while RBI will retain about 17% and a board seat.
-
November 13, 2025
- Buyer
- TSG Consumer (TSG Consumer Partners)
- Target
- Pura Vida Miami
- Industry
- Restaurants & Hospitality
- Location
- Florida, United States
- Type
- Growth capital
TSG Consumer (TSG Consumer Partners) has made a strategic minority growth investment in Pura Vida Miami to accelerate the premium health-and-wellness café's nationwide expansion. Co‑founders Omer and Jennifer Horev retain majority ownership and will continue to lead the business as it scales from more than 40 locations across Florida, New York City and Southern California.
-
October 29, 2025
- Buyer
- Uncommon Equity LLC, Saxonwold Capital
- Target
- Project BarFly, LLC (d/b/a HopCat), HopCat
- Industry
- Restaurants & Hospitality
- Location
- Michigan, United States
- Type
- Buyout
Chicago-based private investment firm Uncommon Equity LLC has acquired Grand Rapids-based Project BarFly, LLC, which does business as HopCat, a regional casual dining and craft-beer restaurant group operating 12 Michigan locations and one in Lincoln, Nebraska. Financial terms were not disclosed; senior debt was provided by OakNorth Bank PLC and Rob Selati will participate as a strategic investor through Saxonwold Capital as part of the new ownership group.
-
October 8, 2025
- Buyer
- Wonder Franchises, Tucker's Farm Corporation
- Target
- Soccer 5
- Seller
- Alan Georgeson, Scott Georgeson
- Industry
- Restaurants & Hospitality
- Location
- Florida, United States
- Type
- Addon
Wonder Franchises, the franchisor platform of Tucker's Farm Corporation, has acquired Soccer 5, a small-sided soccer facility brand founded by Alan and Scott Georgeson. The Georgesons retain meaningful ownership and will remain in leadership while Wonder aims to expand Soccer 5's corporate-unit footprint and franchise system across the U.S., with a focus on municipal expansion and Southeast growth.
-
October 6, 2025
- Buyer
- Proof of the Pudding
- Target
- Gil's Elegant Catering
- Industry
- Restaurants & Hospitality
- Location
- Texas, United States
- Type
- Addon
Proof of the Pudding, an Atlanta-based premium catering and hospitality operator, has expanded into the Dallas market by acquiring Gil's Elegant Catering. The deal brings Gil's off‑premise corporate and social event catering capabilities into Proof of the Pudding's national platform as the company continues geographic expansion following prior investments and acquisitions.
-
September 22, 2025
- Buyer
- Eyas Capital
- Target
- BOJ of WNC LLC
- Seller
- Jeff Rigsby
- Industry
- Restaurants & Hospitality
- Location
- North Carolina, United States
- Type
- Buyout
Eyas Capital has acquired BOJ of WNC LLC, the largest Bojangles franchisee group led by Jeff Rigsby, in a deal that includes a portfolio of 120 locations across six states. Eyas plans to expand the Bojangles footprint in the Cincinnati and Columbus markets and integrate the brand into its hospitality investment portfolio.
-
September 18, 2025
- Buyer
- Tacala
- Target
- Brew Team TN (nine 7 Brew locations)
- Seller
- Brew Team TN
- Industry
- Restaurants & Hospitality
- Location
- Tennessee, United States
- Type
- Divestiture
Birmingham-based Tacala acquired nine 7 Brew drive-thru cafes from Brew Team TN in Tennessee, increasing its 7 Brew portfolio to 31 locations. Tacala, a portfolio company of Altamont Capital Partners and the largest Taco Bell franchisee in the U.S., continues to expand its quick-service footprint while focusing on managing its Taco Bell and 7 Brew businesses.
-
September 9, 2025
- Buyer
- Larsen MacColl Partners, Dave Magrogan
- Target
- Mac & Bob's
- Industry
- Restaurants & Hospitality
- Location
- Virginia, United States
- Type
- Buyout
Larsen MacColl Partners (LMP) acquired Mac & Bob's, a full-service restaurant headquartered in Salem, Virginia; the transaction closed on August 6, 2025. LMP partnered with long-time restaurant operator Dave Magrogan to manage and grow the business, and Generational Group served as lead advisor to Mac & Bob's.
-
September 9, 2025
- Buyer
- Tsunami Express Car Wash
- Target
- 53 Take 5 Car Wash locations
- Seller
- Whistle Express Car Wash
- Industry
- Restaurants & Hospitality
- Location
- Wisconsin, United States
- Type
- Buyout
Tsunami Express Car Wash has closed its acquisition of 53 Take 5 Car Wash locations from Whistle Express Car Wash. The deal expands Tsunami’s Midwest footprint to 74 locations across nine states and includes rebranding and operational integration under the Tsunami CleanTech experience.
-
September 4, 2025
- Buyer
- Rhône
- Target
- Freddy's Frozen Custard & Steakburgers
- Seller
- Thompson Street Capital Partners
- Industry
- Restaurants & Hospitality
- Location
- Kansas, United States
- Type
- Buyout
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.
-
September 4, 2025
- Buyer
- McWin Capital Partners, TriSpan
- Target
- Flat Iron (FI Holdings Limited)
- Seller
- Piper
- Industry
- Restaurants & Hospitality
- Location
- England, United Kingdom
- Type
- Buyout
McWin Capital Partners' McWin Foodservice Fund and TriSpan's Rising Stars Programme have jointly secured a co-control majority investment in FI Holdings Limited (Flat Iron), a UK steak restaurant chain with 18 locations. Piper, the prior specialist investor, is exiting; Flat Iron CEO Tom Byng will remain to lead the business as the new investors back expansion across the UK and the start of international growth.
-
August 27, 2025
- Buyer
- Five Iron Golf
- Target
- Golf the Green
- Industry
- Restaurants & Hospitality
- Location
- Illinois, United States
- Type
- Addon
Five Iron Golf has acquired the indoor golf business Golf the Green in Bucktown, Chicago and reopened the venue under the Five Iron brand, marking the company’s fourth Chicago location. The acquisition expands Five Iron’s local footprint and integrates a nine-simulator venue into its technology-driven, hospitality-focused indoor golf network.
-
August 26, 2025
- Buyer
- Salt Creek Capital
- Target
- Infinity RRGB Ventures, Inc.
- Seller
- Sudhir Santos
- Industry
- Restaurants & Hospitality
- Location
- British Columbia, Canada
- Type
- Buyout
Salt Creek Capital, a San Francisco Bay Area private equity firm, has acquired Infinity RRGB Ventures, Inc., the exclusive Canadian franchisee and operator of Red Robin restaurants in British Columbia. The transaction transfers ownership from longtime owner Sudhir Santos while keeping CEO Jamie Reeves and the existing management team in place to drive future growth across Infinity's 11 locations.
-
- Buyer
- Breakwater, BR Investments
- Target
- Ramada Hotel (Downtown Augusta)
- Industry
- Restaurants & Hospitality
- Location
- Georgia, United States
- Type
- Buyout
Breakwater, through an affiliate, partnered with BR Investments to acquire the 175-room Ramada Hotel in downtown Augusta, Georgia. The buyers plan a comprehensive renovation and rebrand into a premium soft-branded hotel, led by The Gettys Group (branding/interior) and Rabun Architects (architecture).
-
August 7, 2025
- Buyer
- L Catterton
- Target
- Dishoom
- Industry
- Restaurants & Hospitality
- Location
- England, United Kingdom
- Type
- Growth capital
L Catterton has made a minority growth investment in UK restaurant group Dishoom, marking the business’s first outside capital. The funding will support Dishoom’s continued UK expansion and its planned US opening in 2026 while leaving day-to-day operations and the current leadership team unchanged.
-
- Buyer
- Pacific General, Kline Hill Partners, TriSpan (USA), LLC
- Target
- NAYA (Naya Group LLC)
- Seller
- Existing TriSpan investors
- Industry
- Restaurants & Hospitality
- Location
- New York, United States
- Type
- Recapitalization
Pacific General led a single-asset continuation vehicle (CV) for Naya Group LLC (NAYA), co-led by Kline Hill Partners with a meaningful reinvestment from TriSpan. The CV provides liquidity to existing TriSpan investors while supplying growth capital to scale the fast-casual Mediterranean brand nationally from its New York base (35 stores across multiple states).
-
- Buyer
- Primetime Fitness, CapitalSpring
- Target
- Carey Ave Development LLC (PacFit Group), AD Fitness LLC
- Seller
- Carey Ave Development LLC (PacFit Group), AD Fitness LLC
- Industry
- Restaurants & Hospitality
- Location
- United States
- Type
- Addon
Primetime Fitness, a leading Crunch Fitness franchisee backed by investor CapitalSpring, acquired 13 Crunch gym locations across New York and New Jersey from franchisees Carey Ave Development LLC (PacFit) and AD Fitness LLC. The deal expands Primetime's portfolio to 36 locations nationwide; the acquired clubs will continue operating under the Crunch brand and will receive upgrades and renovations to enhance member experience.
-
- Buyer
- L Catterton
- Target
- Kisshokichi
- Industry
- Restaurants & Hospitality
- Location
- Japan
- Type
- Buyout
L Catterton, a global consumer-focused private equity firm, has acquired Kisshokichi, the world's largest Kobe beef restaurant chain, which operates around 50 restaurants across Japan. The firm will partner with founder and chairman Kiyomi Akagi and management to accelerate domestic expansion and explore potential overseas growth while leveraging Kisshokichi's centralized processing capabilities and strong unit economics.
-
- Buyer
- Fitness Ventures LLC
- Target
- Crunch Fitness (three Portland, OR locations)
- Industry
- Restaurants & Hospitality
- Location
- Oregon, United States
- Type
- Buyout
Fitness Ventures LLC has acquired three existing Crunch Fitness locations in Portland, Oregon and plans a $75 million investment to build 15 new Crunch 3.0 locations across the market over the next several years. The deal is part of Fitness Ventures' broader expansion strategy to upgrade or relocate smaller-format clubs into larger Crunch 3.0 facilities and grow its footprint in the region.
-
- Buyer
- Levine Leichtman Capital Partners, Shipley management
- Target
- Shipley Do-Nuts
- Seller
- Peak Rock Capital
- Industry
- Restaurants & Hospitality
- Location
- Texas, United States
- Type
- Buyout
Levine Leichtman Capital Partners (LLCP) has partnered with Shipley Do-Nuts management to acquire the Houston-based franchisor from Peak Rock Capital. Shipley, founded in 1936, operates over 375 company-owned and franchised locations across 14 states; financial terms were not disclosed and the company will continue to be led by CEO Flynn Dekker as LLCP pursues accelerated unit growth and geographic expansion.
-
- Buyer
- Bain Capital North American Private Equity, BCPE Flavor Debt Merger Sub, LLC, BCPE Flavor Issuer, Inc.
- Target
- Sizzling Platter, LLC
- Seller
- CapitalSpring
- Industry
- Restaurants & Hospitality
- Location
- Utah, United States
- Type
- Buyout
Sizzling Platter, LLC partnered with Bain Capital North American Private Equity to accelerate its expansion. Bain Capital Private Equity is acquiring Sizzling Platter from CapitalSpring, with financing that includes a $500 million senior secured notes offering expected to close on July 2, 2025.
-
- Buyer
- TJC, L.P., An affiliate of The Resolute Fund VI, L.P.
- Target
- Wedgewood Hospitality Group, Inc. (Wedgewood Weddings)
- Seller
- Prospect Partners
- Industry
- Restaurants & Hospitality
- Location
- California, United States
- Type
- Buyout
TJC, L.P. (via an affiliate of The Resolute Fund VI, L.P.) has acquired Wedgewood Hospitality Group, Inc. (Wedgewood Weddings) from Prospect Partners. Wedgewood, a Temecula, California–based operator of over 75 wedding venues across eight states with ~2,000 employees, will remain led by CEO Bill Zaruka and will use the new investor resources to support organic growth, new venue openings and operational improvements.
-
- Buyer
- Thompson Street Capital Partners
- Target
- Bubbakoo's Burritos
- Industry
- Restaurants & Hospitality
- Location
- New Jersey, United States
- Type
- Buyout
Thompson Street Capital Partners (TSCP), a St. Louis-based private equity firm, has acquired Bubbakoo's Burritos, a New Jersey-based fast-casual Mexican-fusion franchisor with more than 130 locations across 15 states. TSCP plans to support the brand's next phase of growth by investing in technology, brand development, infrastructure, and franchisee support systems; terms were not disclosed.
-
- Buyer
- CVC Capital Partners, Therme Group
- Target
- Therme Erding, Therme Bucharest, Therme Manchester (development)
- Industry
- Restaurants & Hospitality
- Location
- Bavaria, Germany
- Type
- Growth capital
Therme Group and CVC Capital Partners announced a strategic joint venture, Therme Horizon, in a deal valued at over €1 billion that will see the partners become equal owners of a new holding company anchored by Therme Erding (Germany) and Therme Bucharest (Romania). CVC will also co-invest in the development of Therme Manchester, with closing expected in the second half of 2025 subject to regulatory approvals.
-
- Buyer
- Orangewood Partners
- Target
- Motley 7 Brew
- Industry
- Restaurants & Hospitality
- Location
- United States
- Type
- Growth capital
Orangewood Partners completed an additional growth investment in Motley 7 Brew, a leading 7 Brew franchisee and member of the Anchor Point Management Group family. The proceeds will support Motley 7 Brew’s acceleration of growth through acquisitions and new unit development across Ohio, Georgia and Texas; terms were not disclosed.
-
- Buyer
- Roark Capital Group
- Target
- Dave's Hot Chicken
- Industry
- Restaurants & Hospitality
- Location
- California, United States
- Type
- Buyout
Roark Capital Group has acquired a majority stake in Los Angeles-based fast-casual chain Dave's Hot Chicken in a deal reported at roughly $1 billion. The founders and senior leadership will remain in place as Roark positions the brand for accelerated domestic and international franchised growth leveraging its restaurant portfolio and supply-chain capabilities.
-
- Buyer
- Phoenix3 Holdings
- Target
- Infuse Hospitality, LLC
- Industry
- Restaurants & Hospitality
- Location
- Illinois, United States
- Type
- Buyout
Phoenix3 Holdings has acquired a controlling interest in Infuse Hospitality, a Chicago-based operator of workplace dining and amenity services. As part of the transaction Phoenix3 named industry veteran Paul Fairhead as CEO and plans to scale Infuse’s culinary-led, technology-enabled workplace hospitality offerings across its portfolio.
-
- Buyer
- KSL Capital Partners
- Target
- Soneva Group
- Industry
- Restaurants & Hospitality
- Location
- Dubai, United Arab Emirates
- Type
- Buyout
An affiliate of KSL Capital Partners has converted securities to acquire a majority interest in Soneva Group, the sustainable ultra-luxury resort operator. The move builds on KSL's initial minority investment in 2019; Neil Gallagher has been appointed CEO as KSL positions Soneva for its next phase of growth. Financial terms were not disclosed.
-
- Buyer
- StayTerra Vacations, LLC, Garnett Station Partners
- Target
- Moving Mountains, Inc.
- Industry
- Restaurants & Hospitality
- Location
- Colorado, United States
- Type
- Addon
StayTerra, a vacation rental collection backed by Garnett Station Partners, has made an investment in Moving Mountains, a luxury vacation rental and property management company operating in the Colorado Rockies. Moving Mountains will join the StayTerra collection and receive growth capital, technology and service capabilities to scale its luxury property and yacht charter offerings while retaining its brand and leadership.
-
April 23, 2025
- Buyer
- Dynamic City Capital
- Target
- The Wilde Resort and Spa
- Industry
- Restaurants & Hospitality
- Location
- Arizona, United States
- Type
- Buyout
Dynamic City Capital, a Provo, Utah–based real estate investment firm, has acquired The Wilde Resort and Spa in Sedona, Arizona. The 137-room luxury spa resort expands DCC's portfolio into the lifestyle/destination hospitality segment and strengthens its presence in Arizona.
-
- Buyer
- Jerry Pugh, Skyline Global Partners, Peninsula Capital Partners, Peter Stipher (Private Capital Advisors), Randy Trotter
- Target
- Workout Anytime
- Seller
- Steve Strickland, John Quattrocchi
- Industry
- Restaurants & Hospitality
- Location
- Georgia, United States
- Type
- Buyout
Jerry Pugh, the largest Workout Anytime franchisee, acquired a majority stake in the 200-unit Workout Anytime brand from founders Steve Strickland and John Quattrocchi and became CEO. The deal was financed with minority investments from private equity firms Skyline Global Partners and Peninsula Capital Partners, plus minority stakes held by Peter Stipher (Private Capital Advisors) and Workout Anytime EVP Randy Trotter; Strickland retained a minority interest and will help with the transition.
-
- Buyer
- Castle Peak Holdings
- Target
- Snow King Resort
- Industry
- Restaurants & Hospitality
- Location
- Wyoming, United States
- Type
- Addon
Castle Peak Holdings, the investment firm behind the Trailborn hospitality brand, has acquired Snow King Resort in Jackson Hole, Wyoming. The 203-room full-service resort will be renovated and repositioned as Trailborn Jackson Hole to expand Castle Peak's outdoor hospitality portfolio and enter the Jackson Hole market.
-
April 2, 2025
- Buyer
- Under Canvas, Inc.
- Target
- The Fields of Michigan
- Industry
- Restaurants & Hospitality
- Location
- Michigan, United States
- Type
- Addon
Under Canvas, the upscale outdoor hospitality operator, has acquired The Fields of Michigan, a 30-acre blueberry farm near South Haven, MI, with 23 guest accommodations. The property is the first closed acquisition in Under Canvas’s new Outdoor Collection (which also highlights existing properties such as Bar N Ranch) and is accepting reservations for the 2025 season.
-
March 24, 2025
- Buyer
- Tailwind Hospitality (dba Tailwind Concessions), Palladin Consumer Retail Partners
- Target
- Panera Bread concession (Phoenix-Mesa Gateway Airport)
- Seller
- Kind Hospitality
- Industry
- Restaurants & Hospitality
- Location
- Arizona, United States
- Type
- Addon
Tailwind Hospitality (dba Tailwind Concessions) acquired the Panera Bread concession at Phoenix-Mesa Gateway Airport from Kind Hospitality, making Tailwind the majority owner and primary operator of all food & beverage concessions at the airport. The deal expands Tailwind's airport footprint and follows a 2021 recapitalization of Tailwind by Palladin Consumer Retail Partners, which has supported the company's broader growth and M&A activity.
-
- Buyer
- H.I.G. Capital
- Target
- 360 Destination Group, CSI DMC
- Industry
- Restaurants & Hospitality
- Location
- United States
- Type
- Growth capital
An affiliate of H.I.G. Capital completed a strategic investment in 360 Destination Group and CSI DMC to facilitate a merger of the two destination management companies. The combined business will expand geographic reach and capabilities across approximately 46 destinations to better serve enterprise clients with end-to-end event, incentive travel and conference services.
-
- Buyer
- Calera Capital
- Target
- Nocturne Luxury Villas
- Seller
- Gladstone Investment Corporation
- Industry
- Restaurants & Hospitality
- Location
- Rhode Island, United States
- Type
- Buyout
Calera Capital (through an affiliate) acquired a majority stake in Nocturne Luxury Villas from Gladstone Investment Corporation; financial terms were not disclosed. Nocturne is a luxury vacation rental management platform with operations in St. Barth's, Grand Cayman, Telluride (CO), Cabo San Lucas (Mexico), Santa Barbara (CA) and Florida's Emerald Coast and is headquartered in Newport, Rhode Island.
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