Mergers and Acquisitions
June 5, 2023
Tech24 Acquisition Expands Service in Southern Markets
The company merges with Total Mechanical Repair Services, marking acquisition No. 16.
May 3, 2023
LongHorn Steakhouse Parent to Acquire Fellow Steak Chain
Darden Restaurants today announced that it has entered a definitive merger agreement to acquire Ruth’s Hospitality Group, owner and operator of Ruth’s Chris Steak House. The transaction is valued at $715 million. Darden—parent company of LongHorn Steakhouse, Yard House, Olive Garden, Cheddar’s Scratch Kitchen, The Capital Grille, Seasons 52, Bahama Breeze and Eddie V’s—says the…
May 2, 2023
SPB Hospitality Completes Merger with Krystal Restaurants
The deal brings nearly 300 quick-service restaurants to the group, which also includes Logan’s Roadhouse.
April 24, 2023
Private Investment Group Buys International Carbonic Inc.
As part of the deal, Crysalli Beverage Systems now owns its own manufacturing.
April 12, 2023
Innovative Foodservice Group Acquires Foodservice & Restaurant Supply
The acquisition strengthens IFG’s position in the Carolinas.
April 3, 2023
Main Squeeze Juice Co. Acquires I Love Juice Bar
The deal nearly doubles Main Squeeze Juice Co.’s footprint.
March 31, 2023
Tims China Completes ‘Milestone Transaction’
Effective March 30, TH International Limited (aka Tims China)—parent company of the exclusive master franchisees of Tim Hortons coffee shops in mainland China, Hong Kong and Macau—is the exclusive operator and developer of Popeyes in mainland China and Macau. The entry into the transaction was first announced on Feb. 8. The acquisition of PLKC International…
March 28, 2023
Texas Dealer’s Acquisition Expands Its Reach
Two foodservice equipment dealers in the Lone Star State are now one. Earlier this month, family-owned Ace Mart Restaurant Supply announced its acquisition of Wichita Restaurant Supply, based in Wichita Falls, Texas. The deal expands Ace Mart’s reach into northwest Texas and allows it to provide additional services and solutions to its customers, says company…
March 8, 2023
Zink Corp. Strikes a Deal With Ohio Distributor
The Zink Corp., based in Columbus, Ohio, anticipates that it will acquire Scotsman Mid-Ohio by mid-April, the former announced this week. Under the anticipated deal, the businesses are expected to operate independently, however, Scotsman Mid-Ohio—which distributes Scotsman Ice and Kold Draft commercial ice machine products to the Dayton, Columbus and Pittsburgh areas—would compliment Zink’s distribution…
March 7, 2023
Two Dealers Merge, Facilitating A Strategic Expansion
Food Service Supply and Champs RS Group have merged to form a multilocation foodservice dealership operating under the Food Service Supply name. Food Service Supply was created late last year when it acquired FSS, a dealer in Salt Lake City; with this latest acquisition, the company will look “to build a rapidly growing multilocation dealership,”…
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