M&A Deal Summary

Brentwood Associates Acquires Chicken Salad Chick

On November 4, 2019, private equity firm Brentwood Associates acquired restaurant Chicken Salad Chick from Eagle Merchant Partners

Acquisition Highlights
  • This is Brentwood Associates’ 8th transaction in the Restaurants sector.
  • This is Brentwood Associates’ 40th transaction in the United States.
  • This is Brentwood Associates’ 1st transaction in Alabama.

M&A Deal Summary

Date 2019-11-04
Target Chicken Salad Chick
Sector Restaurants
Buyer(s) Brentwood Associates
Sellers(s) Eagle Merchant Partners
Deal Type Secondary Buyout
Advisor(s) North Point Advisors LLC (Financial)
King & Spalding (Legal)

Target

Chicken Salad Chick

Auburn, Alabama, United States
Chicken Salad Chick is a fast-casual chain of chicken restaurants with 137 locations throughout 16 states predominantly in the Southeast. The company's restaurants feature over a dozen distinct chicken salad flavors made fresh daily and served by the scoop, sandwich or bowl. Chicken Salad Chick was formed in 2008 and is based in Auburn, Alabama.

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Buyer(S) 1

Buyer

Brentwood Associates

Los Angeles, California, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1972
PE ASSETS 2.4B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Brentwood Associates is a private equity firm focused on long-term investments in middle-market growth companies. Brentwood typically targets investments in consumer-related businesses. Specific areas of interest include action sports/outdoor lifestyle products, business services, consumer products/services, direct marketing, distribution, education, health/wellness, marketing services, specialty media, specialty retail, and sporting goods. Brentwood's preferred equity investment size is $50 to $200 million. Brentwood Associates was formed in 1972 and is based in Los Angeles.


DEAL STATS #
Overall 43 of 48
Sector (Restaurants) 8 of 9
Type (Secondary Buyout) 10 of 11
State (Alabama) 1 of 1
Country (United States) 40 of 45
Year (2019) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-10-17 Marshall Retail Group

Las Vegas, Nevada, United States

Marshall Retail Group is a specialty retailer with a 60-year history of operating stores in high-foot-traffic marketplaces. MRG provides turnkey solutions to premier casino resort and airport operators by creating and managing a highly scalable portfolio of profitable stores and memorable brands, well-positioned to attract and accommodate hotel guests, visitors and local residents.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-12-10 Credentials Solutions

Deerfield, Illinois, United States

Credentials Solutions LLC is a technology-intensive service company that provides comprehensive business process solutions to more than 700 higher education institutions and municipalities across the United States. The company develops innovative verification and transcript solutions to fit the unique needs of Higher Education. Credentials Solutions was formed in 1997 and is based in Deerfield, Illinois.

Sell -

Seller(S) 1

SELLER

Eagle Merchant Partners

Atlanta, Georgia, United States

Investor


Category Private Equity Firm
Founded 2013
PE ASSETS 265M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Eagle Merchant Partners focused on investing in US-based middle-market consumer, business services, and industrial companies. The Firm targets companies with revenue between $20 and $200 million and EBITDA between $2 and $20 million. Eagle Merchant Partners is based in Atlanta, Georgia.


DEAL STATS #
Overall 2 of 6
Sector (Restaurants) 2 of 2
Type (Secondary Buyout) 1 of 5
State (Alabama) 1 of 1
Country (United States) 2 of 6
Year (2019) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-08-14 The Recreational Group

Dalton, Georgia, United States

The Recreational Group is a designer, manufacturer, and installer of premium recreational surfacing products including synthetic turf and recreational tile. The company's vertically integrated manufacturing capabilities include a diversified product and services offering that is supported by a best-in-class customer experience. Recreational Group was founded in 2016 and is based in Dalton, Georgia.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-01-06 United FP

Austin, Texas, United States

United FP is a developer and operator of fitness clubs under the Planet Fitness brand serving approximately 1.1 million members across 168 clubs in 14 states. United FP was founded in 2016 and is based in Austin, Texas.

Sell -