Restaurants & Hospitality Acquisitions in Massachusetts

Authentic Restaurant Brands (ARB), a Garnett Station Partners portfolio platform, has added Tavern in the Square through the recapitalization of its parent, Broadway Hospitality Group (BHG). The deal expands ARB's regional restaurant portfolio, bringing the platform to roughly $1 billion in annual revenue; financial terms were not disclosed.

sweetgreen has agreed to acquire Spyce, a Boston-area restaurant and automated kitchen technology developer, to integrate Spyce's 'Infinite Kitchen' automation into its operations. The deal is intended to improve consistency, speed, and team-member experience and is expected to close in Q3 2021.

Nocturne Villa Rentals, Inc., a Gladstone Investment portfolio company, acquired St. Barth Properties, Inc. and St. Barth Dream Vacations SARL (collectively "SBP") on July 23, 2021. Gladstone Investment provided additional secured debt to support the add-on acquisition, expanding Nocturne's luxury vacation rental portfolio to include SBP's ~250 high-end properties on St. Barth.

Ampex Brands, a large Yum! and 7‑Eleven franchisee based in Richardson, Texas, acquired Au Bon Pain from ABP Corporation, a subsidiary of Panera Bread. The deal (closed June 29) brings 171 Au Bon Pain locations into the Ampex portfolio, grants franchising rights to an additional 131 locations, and transitions Ampex into a franchisor role as it seeks to reopen, stabilize and expand the legacy bakery-café brand.