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Famous Dave's


MTY Food Group completes purchase of Famous Dave's owner

Montreal-based MTY adds BBQ Holdings' nine concepts to its collection in a deal valued at $200 million.


Famous Dave’s is getting a new owner, but strategy won’t change

With its vast family of brands, MTY Food Group could be an ideal partner for BBQ Holdings’ unique approach to growth.

MTY Food Group, which also owns Pinkberry and Cold Stone Creamery, among many others, will buy BBQ Holdings for $17.25 per share.

The two brands are becoming part of a new holding company that's looking to find young growth chains.

The company continued its buying spree with the Phoenix-based Mexican chain and also added three bars, bringing its portfolio to eight concepts.

BBQ Holdings plans to fuel the chain's expansion through franchising. It’s also getting into the bar business with the purchase of three bar and grills.

The new restaurant in Salt Lake City is part of the chain's push into limited service, which CEO Jeff Crivello views as the future of the brand.

The founder of the barbecue chain that bears his name had little going for him as a youngster. And that, he says, was what likely gave him an edge.

BBQ Holdings has added five concepts and hundreds of locations since last March—and each one has its purpose, said CEO Jeff Crivello.

BBQ Holdings will focus on the five-unit Tahoe Joe's chain it won at auction, rendering Old Country Buffet and its sister brands dead for now.

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