acquisitions

Financing

Performance Food Group to buy Core-Mark

The distributor is acquiring the convenience store distribution company as it looks to broaden its business.

Financing

Black Box Intelligence buys MillerPulse

The deal will combine two of the biggest indexes covering the restaurant space, adding 50,000 restaurant units to the Black Box Index.

The operator has also agreed to build new restaurants and remodel several others. It’s the franchisee’s second acquisition this year.

The private equity firm acquired the 390-unit bakery chain from Levine Leichtman Capital Partners.

Sweetgreen is the latest chain reportedly considering an initial public offering. Dutch Bros and Torchy’s are both considering a similar move and Krispy Kreme has already filed, says RB’s The Bottom Line.

The investment fund, which bought $250 million in preferred shares two years ago, is selling some of them back for $184 million, says RB’s The Bottom Line.

Shares in restaurant chains have taken off this year as sales recover across the board, and going public suddenly becomes an option again, says RB’s The Bottom Line.

The doughnut chain, which was taken private in 2016, has confidentially filed with federal regulators for an initial public offering.

The company, backed by the private equity group TSG Consumer Partners, called a Bloomberg report of a potential offering this year “pure speculation.”

The owner of Old Country Buffet merged with Ryan’s in 2006. The company’s bankruptcy-laden history in the years since is a lesson in the dangers of debt and the persistence of zombie chains, says RB’s The Bottom Line.

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