M&A Fires Up With Firebirds Acquisition

January 8 marked the first restaurant merger activity of the year, when private-equity firm J.H. Whitney Capital Partners acquired the 48-unit Firebirds Wood Fired Grill chain from Angelo Gordon & Co. Terms of the deal were not disclosed. The Charlotte, N.C., polished-casual chain was founded in 2000 and has seen steady growth in sales—system sales grew 12% in 2017 to $161 million, according to Technomic—and in its footprint, adding 30 stores since Angelo Gordon bought it in ‘11. Firebirds features an exposed kitchen and a signature wood-fired grill. Mark Eason will continue as CEO. 

- Advertisement -

- Advertisement -

- Advertisement -

TRENDING NOW

RELATED CONTENT

FSTC’s Richard Young to Speak at Virtual NEXT

Need to clear the air in your restaurants? Find out how to create safe, effective ventilation in the front- and back-of-house.

Read More...

Sysco to Sell Point-of-Sale Tech Company

Company says the move lets it focus on digital transformation and our e-commerce platform.

Read More...