Tracked deals
6
6 tracked deals across 2022-2026.
Restaurants & Hospitality Buyers & Acquisitions in Tennessee
Buyer mix
Mixed buyer set
5 strategic · 2 family office
Top trend
Volume peaked in 2026
2 tracked deals announced in 2026.
Primary Insight
What Stands Out
- Multi-location acquisitions: Biscuit Belly acquiring 34–35 Maple Street Biscuit Company locations, and Tacala buying nine 7 Brew cafes in Tennessee.
- Hospitality and tourism portfolio building: Streamside RV Resorts & Campgrounds partnering with Chelly Clayton and Kevin Clayton to acquire four Townsend-area businesses (including Little Arrow Outdoor Resort, Little Arrow Base Camp RV Park, River Rat Tubing & Rafting, and Burger Master).
- Nashville venue ownership and concept refresh: Elia acquired The Valentine on Lower Broadway and plans to refresh the space with its Experience Zuzu dining concept.
- Larger QSR consolidation: SPB Hospitality LLC acquired J. Alexander's Holdings in an all-cash transaction valued at approximately $220 million.
- Financing and continuity in seafood QSR: Centre Partners acquired Captain D’s Seafood with junior/mezzanine financing from Yukon Partners and Onex Falcon, while Captain D’s management remained in place.
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Find buyers like these for your dealBuyer Snapshot
Top Buyers
Illustrative buyers pulled from tracked transactions on this page. This table is capped and intentionally non-exhaustive.
| Buyer | # Deals | Focus | Type |
|---|---|---|---|
| Biscuit Belly | 1 | Privately held gourmet biscuit sandwich restaurant concep... | Strategic |
| Centre Partners | 1 | Middle-market private equity firm focused on consumer and... | PE |
| Chelly Clayton | 1 | Local investor and tourism/outdoor lifestyle stakeholder ... | Family Office |
| Elia | 1 | Detroit-area real estate and hospitality developer operat... | Strategic |
| Kevin Clayton | 1 | Local investor and tourism/outdoor lifestyle stakeholder ... | Family Office |
| Onex Falcon | 1 | Private credit asset manager formed from Falcon Investmen... | Investor |
| SPB Hospitality LLC | 1 | Operator and franchisor of full-service dining restaurant... | Strategic (PE-backed) |
| Streamside RV Resorts & Campgrounds | 1 | Develops and operates RV resorts, campgrounds, and outdoo... | Strategic |
| Tacala | 1 | Large quick-service restaurant franchise operator (larges... | Strategic (PE-backed) |
| Yukon Partners | 1 | Provider of mezzanine and junior capital for middle marke... | Investor |
Acquisition Volume in Restaurants & Hospitality in Tennessee by Year
Last 4 years
Actual
Full-year estimate
Supporting Data
Recent Transactions
-
August 4, 2026
- Buyer
- Streamside RV Resorts & Campgrounds, Chelly Clayton, Kevin Clayton
- Target
- Little Arrow Outdoor Resort, Little Arrow Base Camp RV Park, River Rat Tubing & Rafting, Burger Master
- Industry
- Restaurants & Hospitality
- Location
- Tennessee, United States
- Type
- Addon
Streamside RV Resorts & Campgrounds entered a strategic, long-term investment partnership with Chelly and Kevin Clayton to acquire four outdoor hospitality and tourism businesses in Townsend, Tennessee. The deal adds Little Arrow Outdoor Resort, Little Arrow Base Camp RV Park, River Rat Tubing & Rafting, and Burger Master to Streamside’s growing portfolio.
-
- Buyer
- Biscuit Belly
- Target
- Maple Street Biscuit Company
- Seller
- Cracker Barrel (via its subsidiary Maple Street Biscuit Company)
- Industry
- Restaurants & Hospitality
- Location
- Tennessee, United States
- Type
- Buyout
Biscuit Belly is acquiring 34–35 locations from Maple Street Biscuit Company, a subsidiary of Cracker Barrel, to accelerate its expansion across the U.S. Southeast and surpass 60 units by end of 2028. Biscuit Belly will convert the acquired locations over the next 18–24 months, beginning with the greater Cincinnati area and Richmond, Virginia, while preserving local teams and community culture.
-
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.
-
- Buyer
- Elia
- Target
- The Valentine
- Industry
- Restaurants & Hospitality
- Location
- Tennessee, United States
- Type
- Buyout
Elia, a Detroit-based real estate and hospitality developer led by Zaid Elia, has acquired The Valentine, a 9,000 sq. ft. music-city venue on Lower Broadway in Nashville. Elia plans to refresh the space while preserving its character, introduce its Experience Zuzu dining concept, and continue expanding its restaurant and nightlife footprint in key U.S. markets.
-
September 30, 2022
- Buyer
- SPB Hospitality LLC
- Target
- J. Alexander's Holdings, Inc.
- Industry
- Restaurants & Hospitality
- Location
- Tennessee, United States
- Type
- Buyout
SPB Hospitality LLC completed its acquisition of J. Alexander's Holdings, Inc. in an all-cash transaction valued at approximately $220 million. Upon closing, each J. Alexander's share was converted into the right to receive $14.00 in cash per share.
-
May 19, 2022
- Buyer
- Centre Partners, Yukon Partners, Onex Falcon
- Target
- Captain D's
- Seller
- Sentinel Capital Partners
- Industry
- Restaurants & Hospitality
- Location
- Tennessee, United States
- Type
- Buyout
Centre Partners completed the acquisition of Captain D's Seafood and affiliated entities; financial terms were not disclosed. Yukon Partners and Onex Falcon provided junior/mezzanine financing to support the transaction, and Captain D's management reinvested and will remain in place; the company is headquartered in Nashville, Tennessee and operates over 500 quick-service seafood restaurants across the United States. Sentinel Capital Partners sold the business.
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Frequently Asked Questions
What kinds of restaurant and hospitality acquisitions show up in Tennessee deal activity?
The page highlights acquisitions ranging from multi-location QSR expansions (e.g., biscuits and drive-thru cafés) to hospitality and tourism assets, plus Nashville venue ownership changes.
Which buyers are mentioned more than once across these Tennessee transactions?
Several names appear repeatedly, including Elia, Streamside RV Resorts & Campgrounds, and SPB Hospitality LLC, along with others such as Biscuit Belly and Tacala.
Are there examples of acquisitions that add multiple locations within Tennessee?
Yes. Biscuit Belly is acquiring 34–35 Maple Street Biscuit Company locations, and Tacala acquired nine 7 Brew cafes in Tennessee as part of expanding its portfolio.
Does the page include Nashville-specific hospitality or dining assets?
Yes. Elia acquired The Valentine on Lower Broadway in Nashville and plans a space refresh alongside introducing its Experience Zuzu dining concept.
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