New Owners For Back Yard Burgers

BackYardProto

The grass might be greener for Back Yard Burgers under a new owner.

Last month, the 55-unit burger chain was sold by Pharos Capital Group to Axum Capital Partners, a North Carolina private equity firm. Terms of the deal were not disclosed. The deal is a milestone for the 30-year-old Nashville chain. Back Yard Burgers had 180 locations and was considered a pioneer in the fast-casual better burger space but struggled during the recession and filed for bankruptcy in 2012. At the time of the filing it had 85 locations. The company currently has 32 franchised locations and 23 company-owned units in 11 states.

RELATED CONTENT

Fatburger

Fatburger Warms Up to More Sunshine State Plans

The brand, part of the FAT Brands family, initially returned to the state in June 2023.

handshake 1200x800 1

Ojeda USA Adds 3 Rep Firms

The refrigeration solutions provider adds Access Partners, Curate and DJ Marketing to its network.

- Advertisement -

- Advertisement -

- Advertisement -

TRENDING NOW

- Advertisement -

- Advertisement -

- Advertisement -