Transaction propels SPB’s strategic focus whereas enhancing Kelly’s numerous portfolio
Houston, TX (RestaurantNews.com) SPB Hospitality, a portfolio firm of Fortress Funding Group and a frontrunner within the restaurant trade, has finalized the sale of its brewery and specialty eating places to an affiliate of Kelly Firms of Southern California. This strategic transaction sharpens SPB’s concentrate on its flagship manufacturers — Krystal, Logan’s Roadhouse, Outdated Chicago Pizza & Taproom, J. Alexander’s, Stoney River Steakhouse and Grill, Amada Vino + Tapas and Village Whiskey — whereas enabling Kelly Firms to broaden its attain with among the most celebrated names within the brewery and specialty eating area.
The sale contains iconic brewery eating places Rock Backside Restaurant & Brewery, Gordon Biersch Brewery Restaurant, ChopHouse & Brewery, Ragtime Tavern and Seven Bridges Grille & Brewery. They may be a part of Kelly’s numerous lineup of over 20 areas, together with well-loved ideas corresponding to Declare Jumper Steakhouse & Bar, Fortunate Bastard Saloon, and Whiskey River Saloon.
“This marks a transformational chapter for SPB Hospitality as we double down on the expansion of our flagship manufacturers and the mixing of our lately acquired ideas from Chef Jose Garces,” mentioned Josh Kern, CEO of SPB Hospitality. “These breweries and specialty eating places we’re transitioning to Kelly Firms have a wealthy heritage, and we’re assured their crew will construct on this success and proceed serving their communities with excellence.”
Kelly Firms views the acquisition as an opportunity to strengthen and deepen its portfolio whereas honoring the legacy of those iconic manufacturers.
“Including these beloved brewery and specialty ideas is an ideal complement to our current eating places, permitting us to ship much more distinctive and memorable eating experiences,” mentioned Michael Kelly, CEO of Kelly Firms of Southern California. “We’re dedicated to honoring their roots, nurturing their neighborhood connections and exploring alternatives for development and innovation.”
This transaction encompasses 16 areas, together with flagship and airport venues. Monetary phrases of the deal weren’t disclosed.
About SPB Hospitality
SPB Hospitality operates a various portfolio of quick-service and full-service eating eating places throughout 35 states. Its manufacturers embrace Krystal, Logan’s Roadhouse, Outdated Chicago Pizza & Taproom, and high-end ideas like J. Alexander’s and Stoney River Steakhouse & Grill, alongside Chef Jose Garces’ Amada and Village Whiskey. Go to SPBHospitality.com to study extra, or contact Melissa Hodge at melissa.hodge@spbhospitality.com for franchising alternatives.
About Fortress Funding Group LLC
Fortress Funding Group LLC is a number one, extremely diversified world funding supervisor. Based in 1998, Fortress manages $49 billion of belongings below administration as of September 30, 2024, on behalf of over 2,000 institutional purchasers and personal buyers worldwide throughout a spread of credit score and actual property, non-public fairness and everlasting capital funding methods. To study extra, go to Fortress.com.
About Kelly Firms of Southern California
Kelly Firms of Southern California’s associates function restaurant areas nationwide. Its eclectic portfolio contains Fox & Hound Bar + Grill, Craft Republic Bar & Grill, Fortunate Bastard Saloon, and Whiskey River Saloon, amongst others. Recognized for delivering dynamic eating experiences, the group combines innovation with hospitality to convey folks collectively over nice meals and ambiance. Study extra at KellyCompanies.com/restaurant-concepts.
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