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acquisitions

Financing

Oberweis Dairy finds a buyer

 By Peter Romeo on Apr. 23, 2024

The principal of another Illinois food manufacturer has offered to buy the chain of ice cream shops and its sister businesses.

Financing

Greg Flynn expands his Applebee’s empire

 By Heather Lalley on Apr. 22, 2024

Flynn, already the world’s largest franchisee of the casual-dining chain, is acquiring 26 restaurants from an existing franchisee and is making plans to open 25 new locations by 2031.

Financing

Proposed TGI Fridays sale is no home run, but has promise for both sides

By Joe Guszkowski on Apr. 19, 2024

The $220 million all-stock deal would get Fridays’ owner TriArtisan out of its decade-long investment and give the struggling chain a like-minded partner in franchisee Hostmore, experts say.

Financing

Guernsey Holdings buys 20 Zaxby's restaurants

By Jonathan Maze on Apr. 17, 2024

The operator of franchised brands like Sonic Drive-In and Little Caesars is working with the franchisee’s management to acquire the locations in South Carolina.

Financing

TGI Fridays to be acquired by U.K. franchisee Hostmore for $220M

By Joe Guszkowski on Apr. 16, 2024

The merger will create a 600-unit global company and take Fridays public on the London Stock Exchange.

Technology

4 things we learned in a wild week for restaurant tech

By Joe Guszkowski on Apr. 12, 2024

Tech Check: If you blinked, you may have missed three funding rounds, two acquisitions, a “never-before-seen” new product and a bold executive poaching. Let’s get caught up.

Technology

Back-office tech supplier Restaurant365 acquires ExpandShare training system

By Joe Guszkowski on Apr. 09, 2024

ExpandShare is designed to simplify and digitize restaurant employee training with readymade modules and a mobile app.

Financing

Blackstone is said to be pursuing a purchase of Jersey Mike's for around $8B

By Peter Romeo on Apr. 05, 2024

The sandwich chain is reportedly open to a deal with the private equity firm or another suitor, according to media reports, though talks have cooled more recently.

Financing

McDonald's is buying its operator in Israel

By Jonathan Maze on Apr. 04, 2024

The fast-food restaurant giant has an agreement to buy Alonyal Limited, the country’s franchise owner. The market has struggled since the outbreak of the Middle East conflict.

Financing

Delight Restaurant Group buys 65 Wendy's restaurants

By Jonathan Maze on Apr. 02, 2024

The Virginia-based operator acquired the restaurants in Pennsylvania, Ohio and West Virginia, making it one of Wendy’s largest franchisees.

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