M&A Deal Summary

CraftWorks Acquires Gordon Biersch Brewery

On November 15, 2010, CraftWorks acquired restaurant Gordon Biersch Brewery from Hancock Park Associates and Capital Point Partners

Acquisition Highlights
  • This is CraftWorks’ 2nd transaction in the Restaurants sector.
  • This is CraftWorks’ 2nd transaction in the United States.
  • This is CraftWorks’ 1st transaction in Tennessee.

M&A Deal Summary
Date 2010-11-15
Target Gordon Biersch Brewery
Sector Restaurants
Buyer(s) CraftWorks
Sellers(s) Hancock Park Associates
Capital Point Partners
Deal Type Add-on Acquisition
Advisor(s) North Point Advisors LLC (Financial)
Faegre & Benson
Miller & Martin (Legal)

Target

Gordon Biersch Brewery

Chattanooga, Tennessee, United States
Gordon Biersch Brewery is a chain of upper-end casual dining restaurants. Gordon Biersch owns and operates 32 restaurants located in 13 states. The restaurants offer innovative food paired with premium beverages, including handcrafted lagers and ales brewed on restaurant premises.

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Buyer(S) 1

Buyer

CraftWorks

Chattanooga, Tennessee, United States
Category Company
Founded 2010
Sector Restaurants
DESCRIPTION

CraftWorks is a multi-brand restaurant operator headquartered in dual offices between Chattanooga, Tennessee and Broomfield, Colorado USA. It operates restaurants, brewery restaurants and entertainment venues.

DEAL STATS #
Overall 2 of 3
Sector (Restaurants) 2 of 3
Type (Add-on Acquisition) 2 of 3
State (Tennessee) 1 of 2
Country (United States) 2 of 3
Year (2010) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-01-01 Rock Bottom Restaurants

Louisville, Colorado, United States

Rock Bottom has 84 restaurants in 17 states and the District of Columbia, operating under the names Rock Bottom Restaurant and Brewery and Old Chicago. The Company's restaurants operate in the casual dining segment and feature high-quality food and a distinctive selection of microbrewed and specialty beers.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-11-02 Logan s Roadhouse

Nashville, Tennessee, United States

Logan’s Roadhouse is a casual dining steakhouse headquartered in Nashville, TN. Offering mesquite wood-fire grilled steaks, signature yeast rolls and American-inspired signature favorites for over 25 years, Logan’s has 204 corporate and franchise restaurants in 22 states.

Buy -

Seller(S) 2

SELLER

Hancock Park Associates

Los Angeles, California, United States
Category Private Equity Firm
Founded 1986
PE ASSETS 412M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Hancock Park Associates (HPA) is a private equity firm that targets control investments in small to middle-market companies. HPA seeks to acquire interests in companies with annual revenues between $25 and $200 million and EBITDA between $2 and $20 million. HPA will consider opportunities across a range of industries with a preference for businesses involved in manufacturing and specialty retailing. HPA looks to invest $5 to $25 million per transaction. Hancock takes an active approach in managing each business to maximize value. Hancock Park was formed in 1986 and has offices in Los Angeles, California and Houston, Texas.

DEAL STATS #
Overall 5 of 7
Sector (Restaurants) 1 of 1
Type (Add-on Acquisition) 2 of 2
State (Tennessee) 2 of 2
Country (United States) 5 of 7
Year (2010) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-08-26 Leslie s

Phoenix, Arizona, United States

Leslie's is a specialty retailer of swimming pool supplies and related products. Leslie's was founded in 1963 and is based in Phoenix, Arizona.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-09-07 Resco Products

Pittsburgh, Pennsylvania, United States

Resco Products is a designer and manufacturer of refractory materials. Refractories are consumable materials used as protective linings for high-temperature furnaces, containers carrying molten metals, and a range of other harsh environment industrial situations. Resco Products was founded in 1946 and is based in Pittsburgh, Pennsylvania.

Sell -
SELLER

Capital Point Partners

Houston, Texas, United States
Category Private Equity Firm
Founded 1989
Size Small
Type Sector Agnostic
DESCRIPTION

Capital Point Partners (CPP) is an independently owned investment management firm providing mezzanine capital to middle-market companies throughout the US. CPP supports a wide variety of transaction types, including buyouts, recapitalizations and refinancings, mergers and acquisitions and growth or expansion situations. CPP invests junior capital nationwide in companies owned by established equity sponsor groups, companies with fundless sponsor involvement, and also directly with strong management team shareholders in non-sponsored companies. The Firm's target investment size is $5 to $20 million. CPP will not invest in real estate or oil/gas exploration. Capital Point Partners is based in Houston, Texas.

DEAL STATS #
Overall 3 of 7
Sector (Restaurants) 1 of 1
Type (Add-on Acquisition) 1 of 3
State (Tennessee) 1 of 1
Country (United States) 3 of 7
Year (2010) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-03-03 Ocala Recycling

Ocala, Florida, United States

Ocala Recycling is the leading scrap metal processor within its operating footprint of north central Florida. Ocala has a sister company, Blaze Recycling & Metals, which operates in a non-overlapping but adjacent region north of Ocala's footprint.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-12-01 Jones Industrial Holdings

Deer Park, Texas, United States

Jones Industrial Holdings, Inc. offers field services to petrochemical and power generation industries. The company was formerly known as United Industrial Services, Inc.

Buy -
Mergr

Product

Company

Legal