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ItsaCheckmate acquires digital ordering company Open Tender

The third-party integration expert wants to help restaurants generate first-party orders, too. They can use Open Tender to build apps and websites.


1000 Degrees buys fellow fast-casual pizza chain My Pie

The new owner plans to make more restaurant acquisitions as it builds a platform of franchise brands.

Premier Cajun Kings, which once operated 30 locations in Alabama, Georgia and Tennessee, struggled amid a difficult operating environment and declared Chapter 11 bankruptcy, seeking a buyer.

The Bottom Line: Franchisees in particular jumped at the chance to scoop up restaurants in 2021, often paying sky-high multiples in the process. And then inflation hit.

The Bottom Line: Reports suggest the fast-food sandwich giant is targeting investment firms, and Goldman Sachs and Bain Capital are among the apparent suitors.

The Bottom Line: Sardar Biglari in his letter to shareholders boasted of the cash that Western Sizzlin has generated for Biglari Holdings. His comparison leaves much to be desired.

Xperience Restaurant Group acquired Rio Mambo Tex Mex and The Rim from RM Restaurant Group.

The pizza delivery chain also said that it is buying out most of the shares owned by Smith's hedge fund, Starboard Value.

The pizza chain is spinning off the 35-year-old Uno Foods so it can focus more on franchising.

The chairman of Biglari Holdings, the owner of Steak n Shake, has acquired 5.5% of the shares in the fast-food chain operator. But the investment is passive, for now.

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