Restaurants & Hospitality Acquisitions in Connecticut

Patriot Capital provided a debt and equity co-investment in Quality Brand Group to support QBG’s acquisition of another Dunkin' franchisee and to refinance the company's debt. Quality Brand Group, formed by MRE Capital and Blue Marlin Partners, is a multi‑unit franchisee operating over 180 Dunkin' and Buffalo Wild Wings GO locations across Arizona, Florida, Colorado, Nevada and Texas.

Subway has entered into a definitive agreement to be acquired by affiliates of Roark Capital. The deal pairs Subway's global quick-service restaurant footprint with Roark's franchise and multi-location leadership to support growth, restaurant modernization and franchisee initiatives.

Fitness Holdings Northeast, a leading Crunch Fitness franchise group, acquired Crunch Fitness Norwalk in January 2022. The acquisition brings Fitness Holdings' total club count to 28 (over 110,000 members) and advances the group's strategic plan to reach 50 clubs through add-ons and new-site development.

ECP-PF Holdings Group, Inc., a Planet Fitness franchisee owned by Exaltare Capital Partners, acquired four Planet Fitness franchise locations in Branford, East Haven, Guilford and Hamden, Connecticut from franchisees Jerry Mastrangelo and Michael Katz Sr. and Jr. The deal expands ECP-PF's footprint to 98 locations and was the company's third acquisition in 2019.

Mosaic Capital Partners announced an ESOP acquisition of Best Friends Pet Hotel, a national pet hotel operator with 30 U.S. locations and ~90,000 active clients, enabling employees to become owners. Industry veteran Reed Howlett joined as an investor and board member; ICG Capital Securities served as Best Friends' financial advisor.