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acquisitions

Technology

Restaurant tech M&A is heating up again

 By Joe Guszkowski on Apr. 01, 2024

Technology firms are consolidating as they look to offer restaurants more features in one box. Here are six deals from Q1.

Financing

In an uncertain year, investors flock to fast-casual chains

 By Jonathan Maze on Apr. 01, 2024

The Bottom Line: Led by Sweetgreen and Cava, fast-casual restaurants outperformed other sectors. Wall Street rewarded them.

Emerging Brands

Punch Bowl Social plans growth with two acquired concepts

By Lisa Jennings on Mar. 29, 2024

Chicago-based eatertainment chain Punch Bowl Social has acquired two new brands that it plans to grow. One is karaoke-concept Voicebox and the other is an immersive art experience called Sweet Tooth Hotel. Both have cocktail bars.

Technology

ChowNow acquires digital order integrator Cuboh

By Joe Guszkowski on Mar. 28, 2024

The online ordering provider for independent restaurants is also laying off a reported 30 people as it absorbs the Cuboh team.

Financing

Bob Evans puts itself on the market

By Jonathan Maze on Mar. 28, 2024

The family dining restaurant chain has hired an investment bank to look for a buyer, after having considered a sale in 2022.

Financing

Benihana deal makes The One Group one to watch in full-service dining

By Joe Guszkowski on Mar. 27, 2024

Acquiring the 86-unit teppanyaki chain will make the owner of STK and Kona Grill a $1 billion company. And it's just the beginning of an ambitious long-term growth plan.

Financing

In the Benihana deal, a sign of the restaurant M&A times

By Jonathan Maze on Mar. 27, 2024

The Bottom Line: The venerable Japanese steakhouse chain fetched a modest multiple in its sale to The One Group. But that’s where values have fallen these days.

Financing

Minor league baseball players indicted for insider trading on the 2022 Del Taco sale

By Jonathan Maze on Mar. 27, 2024

Jordan Qsar, Grant Witherspoon, Chase Lambert and Austin Bernard were accused of trading stocks after learning that the Mexican restaurant chain would be sold to Jack in the Box.

Financing

STK parent One Group to acquire Benihana owner for $365M

By Joe Guszkowski on Mar. 26, 2024

The deal for Safflower Holdings, which also includes the RA Sushi brand, will nearly triple One’s footprint to 168 locations worldwide.

Leadership

Red Lobster names restructuring expert as new CEO

By Joe Guszkowski on Mar. 22, 2024

Industry veteran Jonathan Tibus will take the reins as owner Thai Union Group prepares to sell the seafood chain. He replaces Horace Dawson, who is retiring.

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