M&A Deal Summary

FAT Brands Acquires Great American Cookies

On May 25, 2022, FAT Brands acquired franchising company Great American Cookies from Crest Foods

Acquisition Highlights
  • This is FAT Brands’ 2nd transaction in the Franchising sector.
  • This is FAT Brands’ 8th transaction in the United States.
  • This is FAT Brands’ 2nd transaction in Texas.

M&A Deal Summary
Date 2022-05-25
Target Great American Cookies
Sector Franchising
Buyer(s) FAT Brands
Sellers(s) Crest Foods
Deal Type Divestiture

Target

Great American Cookies

Richardson, Texas, United States
Great American Cookies is a premiere dessert and bakery café offering customers an unrivaled experience through the use of fine ingredients, indulgent creations, distinct flavor profiles, and the rich tradition of the very best Nestlé® brands.

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Buyer(S) 1

Buyer

FAT Brands

Beverly Hills, California, United States
Category Company
Founded 2017
Sector Restaurants
Employees2,600
Revenue 480M USD (2023)
DESCRIPTION

FAT Brands is a franchising company that strategically acquires, markets and develops fast casual and casual dining restaurant concepts around the world. The Company currently owns five restaurant brands, Fatburger, Buffalo’s Cafe, Buffalo’s Express and Ponderosa & Bonanza Steakhouses, that have approximately 300 locations open and 300 under development in 32 countries. FAT Brands was founded in 2017 and is based in Beverly Hills, California.

DEAL STATS #
Overall 8 of 9
Sector (Franchising) 2 of 2
Type (Divestiture) 2 of 2
State (Texas) 2 of 2
Country (United States) 8 of 9
Year (2022) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-12-17 Native Grill & Wings

Chandler, Arizona, United States

Native Grill & Wings is an owns and operator of polished sports grill with 23 franchised with an extensive menu of pizza, burgers, sandwiches, salads and more. Native Grill & Wings is based in Chandler, Arizona.

Buy $20M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-09-25 Smokey Bones Barbeque & Grill

Greenwood, Indiana, United States

Smokey Bones Barbeque & Grill offers genuine barbeque flavors in a fun, energetic atmosphere known for friendly, attentive service in 68 locations across the Eastern and Midwestern United States. Smokey Bones' menu features a broad range of American favorites including baby-back and St. Louis-style ribs and hand-pulled pork which are slow-smoked daily over hickory in each restaurant for up to 11 hours for fall-off-the-bone tenderness and smokey flavor. Other favorites include flame-grilled sandwiches and steaks, half-pound Angus and Buffalo burgers, as well as a selection of great salads, fish and chicken entrees. Smokey Bones Barbeque & Grill is based in Greenwood, Indiana.

Buy -

Seller(S) 1

SELLER

Crest Foods

Richardson, Texas, United States
Category Company
Founded 2000
Sector Franchising
DESCRIPTION

Crest Foods is a franchisor of Nestlé, Toll House, Café by Chip, and a premiere dessert and bakery café offering customers an unrivaled experience through the use of fine ingredients, indulgent creations, distinct flavor profiles, and the rich tradition of the very best Nestlé® brands. Crest Foods was founded in 2000 and is headquartered in Richardson, Texas.

DEAL STATS #
Overall 1 of 1
Sector (Franchising) 1 of 1
Type (Divestiture) 1 of 1
State (Texas) 1 of 1
Country (United States) 1 of 1
Year (2022) 1 of 1
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