September 18, 2016
A round up of interesting bits of news that came across the editor’s desk.
mergers & acquisitions
- Food and agriculture investment firm Arlon Group has acquired the recently rebranded Cicis.
- A MTY Food Group Inc. signed an agreement to acquire Baja Fresh for $27M. MTY also recently acquired Kahala Brands.
- Jimmy John’s Sandwiches sold a majority stake to an affiliate of Roark Capital Group. Terms were not disclosed.
- CenterOak Partners, a leading Dallas-based private equity group has acquired a majority stake in Wetzel’s Pretzels.
- Glory Days Grill signed its first franchise agreement in North Carolina. The chain currently has 27 owned and franchised locations.
- The Halal Guys opened a new location in Sprinfield, Va.
- Highway 55 Burgers, Shakes and Fries opened a new location in Lugoff, South Carolina.
- Global bakery brand Paris Baguette announced its first multiunit franchise deal in Northern California. The chain has 3,700 locations worldwide.
- Roy Rogers Restaurant opened a restaurant in Pasadena, Md., part of the brand’s effort to bounce back from the brink.
- Joe Bourdow, Tom Coba, Stuart Mathis, David McKinnon, and Amit Pamecha launched Premier Franchise Advisors, an advisory firm dedicated to working with senior executives to help them solve their most complex business and acquisition problems.
- Hospitality company sbe added Philippe Zrihen as partner and member of its executive committee, responsible for driving the company’s strategic vision and direction.
- Pieology Pizzeria opened its fifth location in Alabama, this one in Montgomery and its second location in Colorado.
- Old Chicago Pizza & Taproom is opening soon in Waco, Texas. It will be the chain’s fourth store to open in Texas just this year and it’s 105th location nationwide.