Garnett Station Partners Mergers and Acquisitions Summary

Private Equity Firm Profile

In the last 3 years, Garnett Station Partners has acquired 7 companies. It has also invested in 4 others.

Garnett Station Partners’ most common sectors for investment arerestaurants (38%) and automotive (19%) . The Firm’s most common investment types include growth capital (32%) and buyout (lbo, mbo, mbi) (19%). In total, Garnett Station Partners has invested in 12 US states. Its largest (disclosed) acquisition occurred in 2017 when it acquired Checkers Drive-In Restaurants for $525M.

In the last 3 years, Garnett Station Partners has exited 3 companies. The Firm’s most common exit type is trade sale (34%). Garnett Station Partners’ largest (disclosed) exit occurred in 2021 when it sold Twin Restaurant Franchise for $300M.

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M&A Summary

  • M&A Total Activity19
    • M&A Buy Activity16
    • M&A Sell Activity3
  • Total Sectors Invested 7
  • Total Countries Invested 1
  • M&A Buy/Sell Connections 3
  • M&A Advisors 5

Garnett Station Partners

Garnett Station Partners

853 Broadway 16th Floor,
New York, New York 10003
United States
www.garnettstation.com
info@garnettstation.com

Garnett Station Partners is a private equity firm focused on the consumer sector. Specific areas of interest include food/beverage, health/wellness, automotive, and residential services. The Firm looks to commit $25 to $200 million per investment and will consider opportunities throughout North America. Garnett Station Partners was formed in 2013 and is headquartered in New York City.


Investment Criteria

Sectors of Interest: Automotive, Beverages, Business Services, Consumer Services, Food, Franchising, Healthcare Services, Restaurants, Retail

Target Transaction Types: Buyout (LBO, MBO, MBI), Consolidation, Growth Capital

Geographic Preferences: East US, Midwest US, South US, West US, Canada

Transaction Criteria Min Max
Target Revenue - -
Target EBITDA 3 50
Investment Size 25 200
Enterprise Value - -
values in millions of USD

M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (2.4/yr) # 4 1 4 2 5 - 16
vol $525M $525M
Sell (0.6/yr) # - - 1 - 2 - 3
vol $300M $300M
  19

Most Recent M&A

Company Date Value Type
Carrols Restaurant Group, Inc. 2023-12-15 - IPO
Syracuse, New York · www.carrols.com
VIVE Collision 2023-11-20 - Recapitalization
New York, New York · www.vivecollision.com
FirstRidge Service Partners 2023-11-13 - Buyout (LBO, MBO, MBI)
Minnetonka, Minnesota
Firebirds International LLC 2023-03-27 - Recapitalization
Charlotte, North Carolina · www.firebirdsinternational.com
RVA Wash Holdings, Inc. 2023-01-11 - Recapitalization
Richmond, Virginia · www.flagstopcarwash.com
Better Than Home 2023-01-01 - Consolidation
St. Louis, Missouri
Apex Automotive 2023-01-01 - Consolidation
Miami, Florida
Woof Gang Bakery & Grooming 2022-06-16 - Growth Capital
Orlando, Florida · www.woofgangbakery.com
VIVE Collision 2022-01-20 - Growth Capital
New York, New York · www.vivecollision.com
Wow Carwash 2021-12-09 - Growth Capital
Las Vegas, Nevada · www.wowwash.com
View All >>

Portfolio M&A

Company Acquired Add-On/Sale Date #
RVA Wash Holdings, Inc. 2023-01-11 Hogwash Express Car Wash 2023-02-22 1
Richmond, Virginia · www.flagstopcarwash.com Richmond, Virginia · www.hogwashrva.com
Authentic Restaurant Brands 2021-01-01 Primanti Bros. Restaurant Corp. 2022-01-03 3
New York, New York · www.authenticrb.com Pittsburgh, Pennsylvania · www.primantibros.com

M&A by Sector

Sector Current # Value All-time # Value
Restaurants 4 (31%) 525M (100%) 6 (38%) 525M (100%)
Automotive 2 (15%) - 3 (19%) -
Consumer Services 3 (23%) - 3 (19%) -
Beverages 1 (8%) - 1 (6%) -
Business Services 1 (8%) - 1 (6%) -
Food 1 (8%) - 1 (6%) -
Franchising 1 (8%) - 1 (6%) -
Total 13 $525M 16 $525M

Acquisitions By Geo

State/Country Current # Value All-time # Value
United States 13 (100%) 525M (100%) 16 (100%) 525M (100%)
  Florida 3 (23%) 525M (100%) 3 (19%) 525M (100%)
  New York 1 (8%) - 3 (19%) -
  Virginia 1 (8%) - 1 (6%) -
  Texas 1 (8%) - 1 (6%) -
  North Carolina 1 (8%) - 1 (6%) -
  Nevada 1 (8%) - 1 (6%) -
  Missouri 1 (8%) - 1 (6%) -
  Minnesota 1 (8%) - 1 (6%) -
  Louisiana 1 (8%) - 1 (6%) -
  Kentucky 1 (8%) - 1 (6%) -
  California 1 (8%) - 1 (6%) -
  Utah - - 1 (6%) -
Total 13 $525M 16 $525M

Acquisitions by Deal Type

Type Current # Value All-time # Value
Growth Capital 3 (23%) - 5 (31%) -
Buyout (LBO, MBO, MBI) 3 (23%) - 3 (19%) -
Consolidation 3 (23%) - 3 (19%) -
Secondary Buyout 2 (15%) 525M (100%) 2 (13%) 525M (100%)
Recapitalization 2 (15%) - 2 (13%) -
Stake Purchase - - 1 (6%) -
Total 13 $525M 16 $525M

Exits by Deal Type

Type Total # Value
Trade Sale - Public Company 1 (33%) 300M (100%)
IPO 1 (33%) -
Recapitalization 1 (33%) -
Total 3 $300M

Top M&A Advisors

Financial Deals
Cowen Group, Inc.
 1
Duff & Phelps Corp.
 1
Harris Williams & Co.
 1
Legal Deals
Kirkland & Ellis
 2
Foley & Lardner LLP
 1

Deal Values

buy # Total
$100M to $1B 1 $525M
TOTAL $525M
Largest Checkers Drive-In Restaurants, Inc.
$525M (2017-03-23)
sell # Total
$100M to $1B 1 $300M
TOTAL $300M
Largest Twin Restaurant Franchise, LLC
$300M (2021-09-01)

M&A Connections

Deals
Acquired from
Investor(s)
19%
3 (19%)
Exited to
Investor(s)
33%
1 (33%)
Strategic(s)
33%
1 (33%)

Investor Summary

Investor Type

Private Equity Firm

Size

Middle-Market

Established

2013

Specialist/Generalist

Generalist

Leadership

Alex Sloane

Managing Partner & Co-Founder

Matt Perelman

Managing Partner & Co-Founder

Jordan Garay

Managing Director

Richard Reuter

Managing Director

Yasir Bari

Managing Director

FAQ

When was Garnett Station Partners founded?

Garnett Station Partners was founded in 2013.

What type of investor is Garnett Station Partners?

Garnett Station Partners is a private equity firm.

Where is Garnett Station Partners headquartered?

Garnett Station Partners is headquartered in New York, New York.

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