M&A: Page 5
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TennesseePhotographer via Getty Images
10 most impactful restaurant M&A deals of 2021
Plentiful capital, concerns over changing tax laws and a decent recovery among QSRs helped drive transaction activity in 2021, but 2022 could slow dealmaking and spark more interest in full-service chains.
Dec. 15, 2021 -
Fertitta Entertainment may pay $33M to kill merger with Fast Acquisition Corp.
The deal would have taken Fertitta public, but owner Tilman Fertitta ultimately decided to keep the company private. Fast will continue to look for another operating company to combine with.
By Julie Littman • Dec. 13, 2021 -
Explore the Trendline➔
VioletaStoimenova via Getty Images
TrendlineRestaurant Financing
With ongoing macroeconomic pressures facing restaurants, operators are entering into alternative financing, mergers and acquisitions and even bankruptcy to sustain their businesses.
By Restaurant Dive staff -
Courtesy of REEF Technology
Reef Technology's expansionReef acquires hospitality startup 2nd Kitchen
The purchase strengthens Reef's position in the virtual kitchen space, and comes two months after it bought logistics partner Bond.
By Aneurin Canham-Clyne • Dec. 7, 2021 -
Jack in the Box to buy Del Taco for $575M
The transaction, which is expected to close during the first quarter of 2022, will result in a combined unit count of 2,800 across 25 states.
By Julie Littman • Updated Dec. 6, 2021 -
Retrieved from Native Grill & Wings on November 22, 2021
Fat Brands acquires Native Grill & Wings for $20M
In its fourth acquisition of the year, the company adds a 23-unit restaurant chain to bulk up its existing chicken wing platform.
By Julie Littman • Nov. 22, 2021 -
Permission granted by Presto
How Presto's public debut could help restaurants improve labor productivity
Raising millions of dollars in capital will help the restaurant technology company invest in improving its labor saving and guest experience products.
By Julie Littman • Nov. 15, 2021 -
TennesseePhotographer via Getty Images
Restaurant Brands International to acquire Firehouse Subs for $1B
Burger King's parent company will make the largest restaurant transaction of the year and its first acquisition since it bought Popeyes in 2017 for $1.8 billion.
By Julie Littman • Updated Nov. 15, 2021 -
Retrieved from Taco Bell on August 20, 2020
Private investment firm to buy one of Taco Bell’s largest franchisees
Orangewood Partners' purchase of Pacific Bells, which operates over 250 Taco Bells in nine states, comes amid a broader restaurant M&A spike.
By Alicia Kelso • Nov. 12, 2021 -
Sean Gallup via Getty Images
DoorDash makes major expansion into Europe with $8B acquisition
By acquiring Finland-based Wolt, which operates in 23 countries, DoorDash will be able to build out an international presence without losing focus on the U.S.
By Julie Littman • Nov. 10, 2021 -
Permission granted by Cosmic Wings
Sun Holdings adds Applebee’s units to its growing portfolio
The third-largest franchisee in the U.S. acquired 131 Applebee's restaurants in 14 states from RMH Franchise Holdings.
By Alicia Kelso • Nov. 8, 2021 -
Permission granted by Fazoli's
Fat Brands buys Fazoli's for $130M
The multi-branded restaurant platform has made its fourth acquisition in the last 15 months with the addition of the 200-unit QSR chain, which has a pipeline of another 100 units.
By Julie Littman • Nov. 2, 2021 -
Courtesy of NRD Capital
Fuzzy's Taco Shop parent forms new restaurant group Experiential Brands
The company aims to double the Mexican brand's footprint in five years, while also looking for other food and beverage concepts to add to its portfolio.
By Alicia Kelso • Oct. 27, 2021 -
McDonald's will sell McD Tech Labs to IBM
The sale of the platform reflects the chain's evolving approach to insourcing versus outsourcing technology, CEO Chris Kempczinski said.
By Emma Liem Beckett • Oct. 27, 2021 -
Permission granted by Olo
Olo buys Wisely for $187M, its first acquisition as a public company
The transaction will allow Olo to expand its capabilities, which have largely been focused on online ordering, to include customer intelligence and engagement tools.
By Julie Littman • Oct. 22, 2021 -
Spencer Platt via Getty Images
Fiserv expands restaurant reach with BentoBox purchase
The global payments processor said it would buy BentoBox to expand the reach of its Clover unit in servicing restaurants.
By Lynne Marek • Oct. 19, 2021 -
Permission granted by BurgerFi
BurgerFi acquires pizza chain for $161.3M
Just over a year after it went public, the fast casual burger chain landed its first purchase, making Anthony's Coal Fired Pizza & Wings part of its strategy to become a multibrand platform.
By Emma Liem Beckett • Oct. 11, 2021 -
Bond
Reef Technology's expansionReef Technology acquires logistics partner Bond
The acquisition strengthens Reef's distribution capacity, which will now include Bond's last-mile delivery nano-warehouses.
By Emma Liem Beckett , Aneurin Canham-Clyne • Oct. 7, 2021 -
Permission granted by Tahoe Joe's
BBQ Holdings will buy Tahoe Joe's Famous Steakhouses
This acquisition comes just a few months after the restaurant group bought Village Inn and Bakers Square for $13.5 million.
By Emma Liem Beckett • Oct. 7, 2021 -
Permission granted by Kitchen United
Kitchen United buys Zuul, entering New York City market
After announcing one of the first acquisitions in the ghost kitchen segment, the company's chief business officer said there's potential for more deals as it looks to expand geographically.
By Aneurin Canham-Clyne • Oct. 4, 2021 -
Permission granted by Fat Brants
Fat Brands to acquire Twin Peaks for $300M
The deal marks Fat's entry into "polished casual dining," a departure from its rosters of QSR, fast causal and casual restaurant brands, and is the company's second major purchase this summer.
By Emma Liem Beckett • Sept. 1, 2021 -
Courtesy of Spyce
Sweetgreen acquires automated restaurant company Spyce
The salad chain plans to use the Boston-based firm's robot-powered technology in its restaurants to improve the guest and employee experience.
By Julie Littman • Aug. 24, 2021 -
Permission granted by One Table Restaurant Brands
Tocaya and Tender Greens merge, form new parent company
The Los Angeles-based fast casuals boast a combined 45 locations in California and Arizona and are looking to drive rapid growth through traditional and potentially nontraditional channels.
By Julie Littman • Aug. 4, 2021 -
Courtesy of Church's Chicken
High Bluff Capital buys Church's Chicken
Under High Bluff's Rego Restaurant Group, which recently partnered with Ghost Kitchen Brands, the chain could access new paths to innovation.
By Julie Littman • Updated Aug. 2, 2021 -
Courtesy of California Pizza Kitchen
California Pizza Kitchen mulling sale or IPO, Bloomberg reports
The casual chain's annualized earnings for June are expected to be more than $10 million higher than they were before the pandemic, per Bloomberg.
By Alicia Kelso • July 26, 2021 -
Permission granted by Bakers Square
Deep DiveWhy restaurant M&A activity is spiking after pandemic lull
As diner demand helps restaurant sales recover, buyers are jumping back into the game amid low interest rates and as financing becomes more widely available.
By Julie Littman • July 21, 2021
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