M&A Deal Summary

Craveworthy Brands Acquires Fresh Brothers

On November 18, 2024, Craveworthy Brands acquired restaurant Fresh Brothers from Nolan Capital

Acquisition Highlights
  • This is Craveworthy Brands’ 2nd transaction in the Restaurants sector.
  • This is Craveworthy Brands’ 2nd transaction in the United States.
  • This is Craveworthy Brands’ 1st transaction in California.

M&A Deal Summary
Date 2024-11-18
Target Fresh Brothers
Sector Restaurants
Buyer(s) Craveworthy Brands
Sellers(s) Nolan Capital
Deal Type Add-on Acquisition

Target

Fresh Brothers

Los Angeles, California, United States
Fresh Brothers is a pizza concept operating through a delivery, take-out, or dine-in format. Fresh Brothers focuses on offering fresh, high-quality ingredients for a better-tasting, better-for-you product. Fresh Brothers was founded in 2008 and is based in Los Angeles, California.

Search 200,577 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

Craveworthy Brands

South Elgin, Illinois, United States
Category Company
Founded 2022
Sector Restaurants
DESCRIPTION

Craveworthy Brands is a fast-casual restaurant platform company that operates Bd's Mongolian Grill, Dirty Dough, Flat Top Grill, Genghis Grill, Krafted Burger Bar + Tap, Lucky Cat Poke Co., Pastizza Pizza & Pasta, Scramblin' Ed's, Sigri Indian BBQ, Soom Soom Mediterranean, The Budlong Southern Chicken and Wing It On!. Craveworthy Brands was formed in 2022 and is based in South Elgin, Illinois.

DEAL STATS #
Overall 2 of 2
Sector (Restaurants) 2 of 2
Type (Add-on Acquisition) 2 of 2
State (California) 1 of 1
Country (United States) 2 of 2
Year (2024) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-05-08 Untamed

New York City, New York, United States

Untamed is a multi-brand operator and parent company of taim Mediterranean Kitchen ("taim") and Hot Chicken Takeover ("HCT".) Taim uses market-fresh produce, authentic herbs and spices, and time-honored techniques of Mediterranean cooking to serve craveable pitas, bowls, salads, and mezze. Untamed was formed in 2021 and is based in New York City.

Buy -

Seller(S) 1

SELLER

Nolan Capital

Investor Investor Investor Investor

Category Family Office
Founded 2014
Size Small
Type Sector Agnostic
DESCRIPTION

Nolan Capital is a family-backed investment firm that seeks to originate, execute and manage private equity, real estate and other investments on behalf of the Peter J. Nolan family. Peter Nolan is a former managing partner of Leonard Green. Nolan Capital's private's equity group looks to make control equity investments in profitable ($5 to $50 million of EBITDA) US-based companies operating in the consumer products and services, retail and restaurants, manufacturing, distribution, industrial products, business services and healthcare sectors. Nolan Capital was established in 2014 and is headquartered in Hermosa Beach, California.

DEAL STATS #
Overall 1 of 1
Sector (Restaurants) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (California) 1 of 1
Country (United States) 1 of 1
Year (2024) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-03-21 Water Engineering

Mead, Nebraska, United States

Water Engineering is a provider of industrial water treatment solutions and products, technical consultation, and services for a wide variety of end-market applications. The company serves over 2,000 customers across 24 states. Water Engineering was formed in 1994 and is based in Mead, Nebraska.

Buy -
Mergr

Product

Company

Legal