Tracked deals
21
21 tracked deals across 2019-2026.
Restaurants & Hospitality Buyers & Acquisitions in Georgia
Buyer mix
Mixed buyer set
17 pe · 11 strategic
Top trend
Volume peaked in 2024
5 tracked deals announced in 2024.
Primary Insight
What Stands Out
- Investment firms and PE-backed capital appear in multiple restaurant and hospitality deals, including Golub Capital (Church’s Texas Chicken) and Blackstone (Tropical Smoothie Cafe).
- Multi-location rollups show up in restaurants and venues, such as KBP Brands acquiring 85 SONIC restaurants and Wedgewood Weddings & Events acquiring five Atlanta-area venues.
- Hotel repositioning is a recurring theme, including a planned renovation and premium soft-branding for the Ramada Hotel (Downtown Augusta).
- Georgia footprint expansion is a stated goal for several buyers, including Arcis Golf expanding its club portfolio in the Atlanta area and near Augusta.
- Local operating partners and management teams are often central to the plan (e.g., operations leadership and design/architecture involvement for lodging and venue assets).
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Top Buyers
Illustrative buyers pulled from tracked transactions on this page. This table is capped and intentionally non-exhaustive.
| Buyer | # Deals | Focus | Type |
|---|---|---|---|
| Arcis Golf | 2 | Owner and operator of private, resort and daily-fee golf ... | Strategic |
| ABTB Mid-Atlantic Holding Company, LLC | 1 | Holding company formed to own the acquired Taco Bell fran... | Strategic |
| Affiliates of Acta Capital, LLC | 1 | Private investment affiliates providing equity capital to... | PE |
| BR Investments | 1 | Private real estate investor / property acquisition partn... | Investor |
| Balance Point Capital | 1 | Alternative investment manager focused on lower middle ma... | PE |
| Banyan Investment Group | 1 | Vertically integrated hotel investment and management com... | Strategic |
| Blackstone | 1 | Global alternative asset manager with a flagship private ... | PE |
| Breakwater | 1 | Hospitality investment and advisory firm focused on hotel... | PE |
| Brentwood Associates | 1 | Middle-market private equity firm focused on growth-orien... | PE |
| Bruin Capital | 1 | Private investment firm focused on building global sports... | PE |
Acquisition Volume in Restaurants & Hospitality in Georgia by Year
Last 8 years
Actual
Full-year estimate
Supporting Data
Recent Transactions
-
- 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.
-
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.
-
- 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).
-
- Buyer
- Arcis Golf
- Target
- The Country Club of the South, The Manor Golf & Country Club, White Columns Country Club
- Seller
- Invited
- Industry
- Restaurants & Hospitality
- Location
- Georgia, United States
- Type
- Buyout
Arcis Golf has acquired three nationally recognized Atlanta-area clubs — The Country Club of the South (Johns Creek), The Manor Golf & Country Club (Alpharetta), and White Columns Country Club (Milton) — from Invited. The transactions closed June 2025 and Arcis plans significant capital investments and assumes operations immediately, expanding its Atlanta footprint and portfolio of private, resort and daily-fee clubs.
-
- 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.
-
January 1, 2025
- Buyer
- Hoffmann Family of Companies
- Target
- Atlanta Party Rentals
- Seller
- Tim Dodd (Founder and President of Atlanta Party Rentals)
- Industry
- Restaurants & Hospitality
- Location
- Georgia, United States
- Type
- Buyout
Hoffmann Family of Companies has acquired Atlanta Party Rentals, a premium event rental provider serving greater Atlanta. VRA Partners acted as exclusive financial advisor to Atlanta Party Rentals; terms were not disclosed. The acquisition expands Hoffmann's Hospitality & Entertainment vertical and provides Atlanta Party Rentals with additional resources for growth and collaboration.
-
November 1, 2024
- Buyer
- Nautic Partners, Davidson management
- Target
- Davidson Hospitality Group
- Seller
- An affiliate of KSL Capital Partners, LLC
- Industry
- Restaurants & Hospitality
- Location
- Georgia, United States
- Type
- Buyout
Nautic Partners will acquire Davidson Hospitality Group from an affiliate of KSL Capital Partners, in partnership with Davidson's management team. Davidson, a 50-year-old third-party hospitality management company with roughly $2 billion in revenue under management and 86 hotels, will be positioned for further growth under Nautic's ownership.
-
September 4, 2024
- Buyer
- KBP Brands
- Target
- SONIC (85 restaurants)
- Industry
- Restaurants & Hospitality
- Location
- Georgia, United States
- Type
- Divestiture
KBP Brands has acquired 85 SONIC restaurants across six states (Delaware, Georgia, Kentucky, North Carolina, South Carolina and Virginia), expanding its portfolio to more than 1,000 restaurants and increasing annual revenue to over $1.5 billion. The transaction broadens KBP's footprint in the southeastern United States and deepens its relationship with SONIC's owner, Inspire Brands; Mark Everett will lead operations for the new SONIC locations.
-
August 13, 2024
- Buyer
- South Street Partners, TPG Real Estate
- Target
- The King and Prince Beach & Golf Resort
- Seller
- MMI Hospitality Group, Sturdivant family
- Industry
- Restaurants & Hospitality
- Location
- Georgia, United States
- Type
- Buyout
South Street Partners and TPG Real Estate formed a joint venture to acquire The King and Prince Beach & Golf Resort on St. Simons Island from MMI Hospitality Group and the Sturdivant family. The investors plan a comprehensive renovation and repositioning of the 142-key beachfront resort and golf club to elevate amenities and drive growth in the supply-constrained Golden Isles market.
-
- Buyer
- Blackstone
- Target
- TSC Intermediate, Inc. (Tropical Smoothie Cafe)
- Seller
- Levine Leichtman Capital Partners
- Industry
- Restaurants & Hospitality
- Location
- Georgia, United States
- Type
- Buyout
Blackstone private equity funds have completed the acquisition of Tropical Smoothie Cafe from Levine Leichtman Capital Partners. Tropical Smoothie Cafe is a fast-casual franchisor with more than 1,400 locations across 44 states, and Blackstone said it will accelerate the brand’s expansion nationwide.
-
October 12, 2023
- Buyer
- Arcis Golf
- Target
- Champions Retreat Golf Club
- Seller
- Bill Forrest
- Industry
- Restaurants & Hospitality
- Location
- Georgia, United States
- Type
- Buyout
Arcis Golf has acquired Champions Retreat Golf Club, a 27-hole private club near Augusta, Georgia; the transaction closed Oct. 12, 2023 and Arcis assumed operations on Oct. 13. The property, previously owned by Bill Forrest, hosts the first two rounds of the Augusta National Women’s Amateur and expands Arcis Golf’s portfolio into Georgia as it grows its collection of private, resort and daily-fee clubs.
-
September 28, 2023
- Buyer
- Balance Point Capital, ABTB Mid-Atlantic Holding Company, LLC, SWN LLC (Southpaw)
- Target
- 39 Taco Bell restaurants (Greater Atlanta market)
- Industry
- Restaurants & Hospitality
- Location
- Georgia, United States
- Type
- Growth capital
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.
-
- Buyer
- Bruin Capital
- Target
- Proof of the Pudding
- Industry
- Restaurants & Hospitality
- Location
- Georgia, United States
- Type
- Buyout
Bruin Capital has taken a majority interest in Proof of the Pudding, an Atlanta-headquartered catering, food service and event management company. Proof’s CEO Adam Noyes and the leadership team will continue to run the business with meaningful ownership as Bruin looks to scale premium hospitality and venue food-service capabilities across its sports and entertainment portfolio.
-
April 27, 2023
- Buyer
- SPB Hospitality
- Target
- Krystal Restaurants LLC
- Industry
- Restaurants & Hospitality
- Location
- Georgia, United States
- Type
- Addon
SPB Hospitality has completed a merger with Krystal Restaurants, adding nearly 300 quick-service locations and roughly 3,500 employees to SPB's portfolio. The move expands SPB's multi-brand restaurant platform (which is owned by funds managed by affiliates of Fortress Investment Group) and aims to leverage shared services and best practices across brands.
-
October 13, 2022
- Buyer
- Level 5 Capital Partners
- Target
- GoDog
- Industry
- Restaurants & Hospitality
- Location
- Georgia, United States
- Type
- Growth capital
Level 5 Capital Partners has committed $20 million of growth capital to GoDog to fund the rollout of a franchising platform and accelerate the pet services company's national expansion. Level 5 will also build an affiliated franchisee platform (L5 Pups) and serve as an anchor franchise partner as GoDog scales beyond its existing locations in the Southeastern United States.
-
January 24, 2022
- Buyer
- Banyan Investment Group
- Target
- Homewood Suites by Hilton Atlanta/Perimeter Center
- Industry
- Restaurants & Hospitality
- Location
- Georgia, United States
- Type
- Buyout
Banyan Investment Group (BIG) acquired the 114-suite Homewood Suites by Hilton Atlanta/Perimeter Center in Sandy Springs, Georgia, marking the first purchase by its Banyan Lodging Enhanced Value Fund (BLEV). The acquisition is a value-add play for the fund—Banyan cited below-replacement cost purchase, strong cash flow and multiple demand drivers as the rationale.
-
September 2, 2021
- Buyer
- Cedartown Chicken, LLC (Cedartown Foods, LLC), Affiliates of Acta Capital, LLC
- Target
- Seven Bojangles restaurants (western Georgia)
- Seller
- Robinson Holdings
- Industry
- Restaurants & Hospitality
- Location
- Georgia, United States
- Type
- Buyout
Cedartown Chicken, LLC, an operating subsidiary of Cedartown Foods, signed a franchisee agreement with Bojangles to acquire seven existing Bojangles restaurants in western Georgia from Robinson Holdings and to develop 11 additional restaurants in the region. Cedartown has secured an equity investment from affiliates of Acta Capital, LLC to support the acquisition and new-unit development as it grows the Bojangles footprint in Georgia and parts of Alabama.
-
August 2, 2021
- Buyer
- High Bluff Capital Partners, Investment funds managed by FS Investments
- Target
- Church's Chicken
- Seller
- FFL Partners
- Industry
- Restaurants & Hospitality
- Location
- Georgia, United States
- Type
- Buyout
High Bluff Capital Partners, supported by investment funds managed by FS Investments, has entered into a definitive agreement to acquire Church's Chicken from private equity firm FFL Partners. The buyers plan to leverage High Bluff's REGO Restaurant Group platform and FS Investments' structured capital to drive domestic and international expansion of the quick-service chicken chain.
-
- Buyer
- Goldman Sachs Merchant Banking Division (Goldman Sachs)
- Target
- Zaxby's Operating Company L.P. (Zaxby's)
- Industry
- Restaurants & Hospitality
- Location
- Georgia, United States
- Type
- Growth capital
Investment funds managed by the Goldman Sachs Merchant Banking Division will acquire a significant stake in Zaxby's Operating Company L.P., providing long-term capital to support accelerated growth and expansion into new sales channels. The partnership will help Zaxby's scale nationally from its base of more than 900 restaurants (17 states), and the deal was expected to close by year-end 2020.
-
- Buyer
- Levine Leichtman Capital Partners, Tropical Smoothie Cafe management team
- Target
- Tropical Smoothie Cafe, LLC
- Industry
- Restaurants & Hospitality
- Location
- Georgia, United States
- Type
- Buyout
Levine Leichtman Capital Partners (LLCP) partnered with Tropical Smoothie Cafe's management team to acquire Tropical Smoothie Cafe, a leading franchisor of fast-casual cafes with over 870 units across 44 states. The company will continue to be led by CEO Charles Watson and the existing executive team as LLCP works with management to grow unit count, improve franchisee unit economics and expand system-wide sales; debt financing was provided by Golub Capital.
-
November 4, 2019
- Buyer
- Brentwood Associates
- Target
- SSRG Holdings, LLC (Chicken Salad Chick)
- Seller
- Eagle Merchant Partners
- Industry
- Restaurants & Hospitality
- Location
- Georgia, United States
- Type
- Buyout
Brentwood Associates has acquired a majority interest in SSRG Holdings, LLC (Chicken Salad Chick) from Eagle Merchant Partners. The fast-casual chain — led by CEO Scott Deviney and operating 137 locations across 16 states as of the announcement — will continue to pursue growth and geographic expansion; transaction terms were not disclosed.
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Frequently Asked Questions
What types of hospitality and restaurant acquisitions are covered for Georgia?
The page focuses on Restaurants & Hospitality deals in Georgia, including restaurant brand investments, multi-unit acquisitions, hotel ownership/repositioning, golf club acquisitions, and wedding/party venue and event services.
Which buyers appear more than once across these Georgia deals?
Several names recur, including Arcis Golf, Golub Capital, Balance Point Capital, and other investment groups such as Blackstone and KSL Capital Partners (via an affiliate) in related hotel ownership activity.
Do the deals include both franchise and corporate ownership structures?
Yes. The Georgia set includes franchise-style transactions as well as institutional investment—e.g., Jerry Pugh’s acquisition of a majority stake in Workout Anytime alongside minority PE backers.
What deal goals are commonly mentioned in the Georgia acquisitions listed here?
Commonly described goals include growth and expansion, remodeling and continued development, rebranding/premium positioning, and portfolio expansion into additional Georgia markets or adjacent operating capabilities.
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