Restaurants
Who acquires Restaurants companies
63 distinct acquirers across 88 recorded transactions, 2014 to 2026. Every buyer below has completed at least one acquisition in this sector.
Top 10 acquirers of Restaurants companies
Ranked by number of acquisitions recorded in this sector, with the year of each buyer's latest one. A buyer that has done this more than once has a thesis, and a thesis is what makes an approach worth making.
| Acquirer | Deals here | Last deal |
|---|---|---|
| MTY | 8 | 2022 |
| FAT Brands | 5 | 2021 |
| Darden | 3 | 2024 |
| Cracker Barrel Old Country Store | 2 | 2019 |
| Landry's | 2 | 2019 |
| Alsea | 2 | 2018 |
| Cava | 2 | 2018 |
| NRD Capital (PE) | 2 | 2017 |
| Recipe | 2 | 2016 |
| BC Partners (PE) | 2 | 2015 |
Counted from 88 recorded transactions, 2014 to 2026. Name variants of the same buyer (Inc, Corporation, Ltd) are counted together.
Would these buyers pay for yours?
Put a number on it first: run the free estimate, then the $199 written report sets your range against the Restaurants band and the comparable disclosed deals, in a document you can share. If the business is profitable, has $1M or more of revenue and you may sell within two years, talk to our advisory team about which of these buyers would engage, and at what price. The first conversation is free.
Recorded transactions
| Target | Acquirer | Date | Value | EV/EBITDA | EV/Revenue |
|---|---|---|---|---|---|
| Red Robin restaurants in Indiana | Op Burgers | 2026-08-31 | $63m | n/d | n/d |
| Denny's Corporation | TriArtisan Capital Advisors LLC | 2026-01-16 | n/d | n/d | n/d |
| Del Taco Holdings Inc. | Yadav Enterprises | 2025-12-22 | $119m | n/d | n/d |
| Potbelly Corporation | RaceTrac | 2025-10-23 | n/d | n/d | n/d |
| Alset F&B One Pte. Ltd. | Alset International Limited | 2025-09-10 | $170k | n/d | 0.4x |
| Bbang Ssaem Co. Ltd. | Reborn Coffee | 2024-11-06 | $1m | n/d | n/d |
| Chuy's | Darden | 2024-10-11 | $605m | n/d | n/d |
| Benihana | The ONE Group | 2024-05-01 | $365m | n/d | n/d |
| YO! Sushi | Zensho Group | 2023-09-21 | $621m | n/d | n/d |
| Ruth's Hospitality Group | Darden | 2023-05-03 | $715m | n/d | 1.4x |
| Freshii | Foodtastic | 2022-12-19 | $74m | n/d | n/d |
| Fuzzy’s Taco Shop | Dine Brands | 2022-12-05 | $80m | n/d | n/d |
| Wetzel's Pretzels | MTY | 2022-11-02 | $207m | n/d | 0.8x |
| BBQ Holdings | MTY | 2022-08-09 | $200m | 12.2x | 0.9x |
| Native Grill & Wings | FAT Brands | 2021-12-17 | $20m | n/d | n/d |
| Del Taco | Jack | 2021-12-06 | $575m | 10.5x | 1.2x |
| Fazoli’s | FAT Brands | 2021-11-02 | $130m | n/d | n/d |
| Anthony's | BurgerFi | 2021-10-11 | $161m | n/d | n/d |
| Twin Peaks | FAT Brands | 2021-09-01 | $300m | n/d | n/d |
| Courtepaille | Buffalo Grill | 2020-09-29 | $19m | n/d | n/d |
| Johnny Rockets | FAT Brands | 2020-08-13 | $25m | n/d | n/d |
| Habit Burger Grill | Yum! Brands | 2020-01-06 | $375m | n/d | n/d |
| Diversified Restaurant Holdings | ICV Capital Partners (PE) | 2019-11-06 | $130m | 8.7x | 0.8x |
| Maple Street Biscuit Co. | Cracker Barrel Old Country Store | 2019-10-11 | $36m | n/d | n/d |
| Restaurants Unlimited | Landry's | 2019-09-25 | $37m | n/d | n/d |
| Perkins Restaurant and Bakery | Huddle House | 2019-09-12 | $52m | n/d | n/d |
| Fox Restaurant Concepts | Cheesecake Factory | 2019-07-31 | $308m | n/d | 1.2x |
| Punch Bowl Social LLC | Cracker Barrel Old Country Store | 2019-07-23 | $140m | n/d | n/d |
| Del Frisco's Restaurant Group | L Catterton Partners (PE) | 2019-06-24 | $650m | n/d | 1.7x |
| Papa Murphy’s | MTY | 2019-04-11 | $190m | 8.6x | 0.2x |
| Hojeij Branded Foods | Undisclosed | 2018-12-11 | $330m | n/d | 1.5x |
| Kotipizza | Orkla | 2018-11-22 | $165m | n/d | n/d |
| Grupo Vips Sigla SA | Alsea | 2018-10-31 | $563m | n/d | n/d |
| Wagamama | Restaurant Group | 2018-10-30 | $861m | n/d | n/d |
| Zoe's Kitchen | Cava | 2018-08-17 | $300m | n/d | n/d |
| Zoe’s Kitchen | Cava | 2018-08-17 | $300m | n/d | n/d |
| Hojeij Branded Foods | Lagardere | 2018-08-15 | $330m | n/d | 1.5x |
| Jamba | GoTo Foods | 2018-08-02 | $200m | n/d | n/d |
| Sushi Shop Management SAS | AmRest | 2018-07-25 | $270m | n/d | n/d |
| Barteca Restaurant Group | Del Frisco's Restaurant Group | 2018-05-07 | $325m | 10.3x | 2.5x |
| Royal Ravintolat Oy | NoHo | 2018-04-19 | $101m | n/d | n/d |
| Bravo Brio | Spice Private Equity Ltd. (PE) | 2018-03-08 | $100m | n/d | 0.3x |
| Imvescor Restaurant Group | MTY | 2018-03-01 | $247m | n/d | n/d |
| Grabbagreen | MTY | 2018-02-19 | $3m | n/d | n/d |
| La Piadineria | Permira (PE) | 2017-12-22 | $282m | 12.5x | 4.2x |
| Qdoba Restaurant | Apollo Global Management (PE) | 2017-12-19 | $305m | n/d | n/d |
| WoodSpring Hotels Holdings LLC - WoodSpring Suites Brand and Franchise Business | Choice Hotels | 2017-12-18 | $231m | n/d | n/d |
| Bento Sushi | YO! Sushi | 2017-11-20 | $76m | n/d | n/d |
| Hurricane Grill & Wings | FAT Brands | 2017-11-15 | $13m | n/d | n/d |
| Ruby Tuesday | NRD Capital (PE) | 2017-10-16 | $335m | n/d | 0.4x |
| Joe's Crab Shack | Landry's | 2017-08-09 | $57m | n/d | n/d |
| MHD LLC | Freshii | 2017-06-22 | $4m | n/d | n/d |
| Dagwoods | MTY | 2017-06-20 | $3m | n/d | 0.4x |
| The Works Gourmet Burger Bistro | MTY | 2017-05-08 | $8m | n/d | n/d |
| Cheddar’s Casual Cafe | Darden | 2017-03-27 | $780m | n/d | n/d |
| Checkers | Oak Hill Capital (PE) | 2017-03-23 | $525m | n/d | n/d |
| Wendy's 62 Restaurants | NPC International | 2017-03-09 | $53m | n/d | n/d |
| Crystal Orange Hotel Holdings Ltd. | H World Group | 2017-02-27 | $573m | n/d | n/d |
| Bob Evans Restaurants | Golden Gate Capital (PE) | 2017-01-24 | $565m | n/d | n/d |
| Loungers | Lion Capital (PE) | 2016-12-20 | $211m | n/d | n/d |
| Original Joe's Franchise Group | Recipe | 2016-11-28 | $93m | 6.2x | 0.4x |
| Gourmet Burger Kitchen Ltd. | Famous Brands Management Co. (Pty) Ltd. | 2016-09-01 | $185m | n/d | n/d |
| Liberation Brewing Co. | Caledonia Private Capital (PE) | 2016-07-06 | $182m | n/d | n/d |
| Kahala Franchising LLC (Kahala Brands) | MTY | 2016-05-25 | $310m | n/d | n/d |
| CT Service Plazas | John Laing (PE) | 2016-05-19 | $105m | n/d | n/d |
| Quaker Steak & Lube - Certain Assets | TravelCenters of America | 2016-04-21 | $25m | n/d | n/d |
| Groupe St-Hubert Inc. | Recipe | 2016-03-31 | $537m | 11.9x | 0.9x |
| Archie's Colombia S.A.S. | Alsea | 2016-02-18 | $15m | n/d | n/d |
| Gaucho Grill | Undisclosed | 2016-01-18 | $154m | n/d | n/d |
| Gaucho Grill | Equistone (PE) | 2016-01-16 | $154m | n/d | n/d |
| YO! Sushi | Mayfair Equity Partners (PE) | 2015-11-24 | $154m | n/d | n/d |
| Cigierre | BC Partners (PE) | 2015-11-12 | $338m | n/d | n/d |
| Frisch's Big Boy | NRD Capital (PE) | 2015-08-25 | $175m | n/d | n/d |
| Cote Restaurants Ltd. | BC Partners (PE) | 2015-07-14 | $385m | n/d | n/d |
| Element Denver Park Meadows | Denver Hospitality LLC | 2015-07-07 | $16m | n/d | n/d |
| Las Iguanas Ltd. | Casual Dining Group Ltd. | 2015-07-07 | $131m | n/d | n/d |
| Pepper Dining | Brinker International | 2015-06-25 | $107m | n/d | n/d |
| Espresso House Holding AB | JAB Holding Company (PE) | 2015-06-03 | $266m | n/d | n/d |
| Alchemist Bar & Restaurant | Palatine Private Equity (PE) | 2015-05-17 | $20m | n/d | n/d |
| GuestHouse International LLC | Red Lion Hotels Corp. | 2015-04-23 | $9m | n/d | n/d |
| Romano's Macaroni Grill | Redrock Partners LLC | 2015-04-20 | $8m | n/d | n/d |
| ASK Central | Bridgepoint (PE) | 2015-02-09 | $385m | 14.2x | 2.1x |
| Sheraton Ambassador Monterrey Hotel | Concentradora Fibra Hotelera Mexicana SA de CV | 2014-11-18 | $14m | n/d | n/d |
| B2 Miami Downtown | Host Hotels & Resorts | 2014-10-06 | $58m | n/d | n/d |
| Grand Hotel Esplanade Berlin | Host Hotels & Resorts | 2014-10-06 | $91m | n/d | n/d |
| Einstein Noah Restaurant Group | JAB Holding Company (PE) | 2014-09-29 | $374m | n/d | n/d |
| Strada Trading Ltd. | Undisclosed | 2014-09-29 | $57m | n/d | n/d |
| Roadchef | Antin Infrastructure Partners (PE) | 2014-09-16 | $236m | n/d | n/d |
n/d means not disclosed. Most transactions close without a published multiple, which is why the disclosed count matters more than the median.
Who owns Food & Beverage companies
On PEStore, Restaurants sits within Food & Beverage. PEStore profiles the private equity firms and serial acquirers active there: what they own, how long they have held it, and every deal on record. Underlined acquirers above link to their profiles.
Food & Beverage investors and acquirers on PEStoreMultiples across every sector
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