Roark Capital Hot Dave’s hot growth grows with $ 1 billion in acquisition

Roark Capital, a private stock company that has been purchased franchise, got hot Dave chicken in A. 1 billion dollars A deal that will feed the expansion of the chicken chain restaurant.

Dave hot chicken said Investment from Roark When entering the following growth stage, the company will help all over the world, as it plans to open more than 155 sites this year.

The company currently has more than 300 sites, but it expects this number to exceed 400 by the end of the year.

Subway joins Dunkin ‘, Jimmy John’s, Buffalo Wild Wings in Roark Capital’s Sutable

The company was founded by three childhood friends in 2017. With only 900 dollars, the hot dave chicken trilogy fired in a car park using portable eyeballs and foldable tables. Soon after, they opened the first brick restaurant and mortar.

In 2019, they concluded a deal with Bill Phelps, former CEO of Paltzal Dave’s hot concept.

The company sold the law to more than 1,000 franchise sites in the United States, the Middle East and Canada.

The metro approves the sale to Roark Capital, and ends nearly 6 decades of family ownership

“This is one of the great trips at the time of our time, and now we start the next chapter in the story,” said Phelps, CEO of Dave Hot Chicken.

Atlanta -based Roark, with $ 40 billion of management assets, has a foothold in the restaurant area after obtaining Arby’s and Culver’s, followed by Subway in 2024. It is also investing in Gotot Foods and American fast restaurant franchise.

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Inspire Brands is the mother company of Arby’s, Dunkin ‘, Jimmy John’s, Sonic, Buffalo Wild Wilds. Goto Foods Auntie Anne’s, Carvel, Cinnabon and Jamba have.