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acquisitions

Operations

Imperial Dade buys a distributor serving the Northwest

 By Peter Romeo on Jan. 03, 2024

Insight Distributing is the 77th company to be acquired by Imperial Dade since management was assumed by the Tillis family.

Financing

TGI Friday's closes 36 stores, sells more to Ray Blanchette

 By Peter Romeo on Jan. 03, 2024

Blanchette, a former CEO of the chain, will operate the stores as a franchisee. The price he paid was not disclosed.

Financing

Parent of distributors Stanz and Troyer lays the groundwork for more acquisitions

By Peter Romeo on Jan. 03, 2024

The company is recasting itself as a holding company for Midwestern haulers, a move that should also facilitate the adoption of new technology.

Financing

Pinstripes goes public after merging with a SPAC

By Jonathan Maze on Jan. 02, 2024

The bowling-and-bocce concept raised $70 million and merged with the special purpose acquisition company Banyan Acquisition Corp.

Financing

Restaurant stocks finished 2023 on a high note

By Jonathan Maze on Jan. 02, 2024

The Bottom Line: Industry stocks performed roughly in line with the broader markets last year, with much of the gains coming in the last three months.

Financing

Tropical Smoothie Café is apparently planning a $2B sale

By Jonathan Maze on Dec. 21, 2023

The smoothie chain is reportedly exploring a sale for as much as $2 billion, the latest indication of a warming restaurant M&A market.

Financing

The weird year in restaurant M&A

By Jonathan Maze on Dec. 20, 2023

2023 was quiet when it came to restaurant chain deals. But that doesn’t mean it wasn’t an interesting year, thanks to Subway and Cava.

Financing

Newk's Eatery is quietly sold to Beef 'O' Brady's parent company

By Peter Romeo on Dec. 20, 2023

FSC Franchise Co. anticipates cross-franchising the fast-casual brand to Beef 'O' Brady's and The Brass Tap operators.

Financing

Chuck E. Cheese is apparently on the market

By Jonathan Maze on Dec. 18, 2023

The food-and-games chain, which also owns Peter Piper, is reportedly exploring a sale, three years after it emerged from bankruptcy.

Financing

Here's what the reindeer behind Santa could do for restaurants

By Peter Romeo on Dec. 18, 2023

Reality Check: Watch out for the extremely naughty in M&A activity. In fact, make a list and check it at least twice.

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