M&A Deal Summary

CraftWorks Acquires Logan s Roadhouse

On November 2, 2018, CraftWorks acquired restaurant Logan s Roadhouse from Kelso

Acquisition Highlights
  • This is CraftWorks’ 3rd transaction in the Restaurants sector.
  • This is CraftWorks’ 3rd transaction in the United States.
  • This is CraftWorks’ 2nd transaction in Tennessee.

M&A Deal Summary

Date 2018-11-02
Target Logan s Roadhouse
Sector Restaurants
Buyer(s) CraftWorks
Sellers(s) Kelso
Deal Type Add-on Acquisition

Target

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.

Search 201,157 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try For Free 7-Day Free Trial

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 3 of 3
Sector (Restaurants) 3 of 3
Type (Add-on Acquisition) 3 of 3
State (Tennessee) 2 of 2
Country (United States) 3 of 3
Year (2018) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-11-15 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.

Buy -

Seller(S) 1

SELLER

Kelso

New York, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1971
PE ASSETS 15.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Kelso & Company is a private equity and investment management firm that seeks control investments in middle-market companies operating primarily throughout the US. Sectors of interest include manufacturing, communications, media, distribution, service, consumer products, retail, healthcare, transportation, logistics, textiles, & apparel, chemicals, and energy. Kelso looks to align 'management's interest with those of investors' when considering opportunities. Kelso & Company was formed in 1971 and is based in New York City.


DEAL STATS #
Overall 35 of 53
Sector (Restaurants) 1 of 1
Type (Add-on Acquisition) 17 of 24
State (Tennessee) 1 of 1
Country (United States) 30 of 46
Year (2018) 4 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-10-31 Ajax Resources

Houston, Texas, United States

Ajax Resources LLC is an exploration and production company focusing on oil and gas development in the Permian Basin. Company production and well site teams continuously analyze hazards associated with their work and build in appropriate safe design into their work sites.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-11-26 Oasis Outsourcing

West Palm Beach, Florida, United States

Oasis Outsourcing is a Florida-based Professional Employer Organization (PEO) serving almost 230,000 employees and 7,500 clients nationwide. Founded in 1996, it specializes in providing human resources services, employee benefits administration, payroll and tax administration, risk management services and staffing solutions to small- and medium-sized businesses throughout the United States. Oasis is accredited by the Employer Services Assurance Corporation (ESAC), ensuring the highest level of ethical, financial and operational standards in the PEO industry and has received SOC 1 Type II (formerly SAS 70) certification for its high level of accuracy and performance. Oasis, through its subsidiaries, is qualified to offer IRS-certified professional employer organization (CPEO) services.

Sell $1.2B