M&A Fires Up With Firebirds Acquisition

Firebirds-edit

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. 

RELATED CONTENT

Publisher’s Note: Summer Planning

Let FER take equipment research off your to-do list as you hopefully enjoy some much-deserved time off.

Emerging Leaders 2025 Graphic

Get to Know 2025’s Emerging Leaders

Meet five future changemakers, age 45 and under and from different segments of the industry, who are filled with a passion for foodservice.

- Advertisement -

- Advertisement -

- Advertisement -

TRENDING NOW

- Advertisement -

- Advertisement -

- Advertisement -