M&A Deal Summary

FAT Brands Acquires Native Grill & Wings

On December 17, 2021, FAT Brands acquired restaurant Native Grill & Wings from Wingtime for 20M USD

Acquisition Highlights
  • This is FAT Brands’ 6th transaction in the Restaurants sector.
  • This is FAT Brands’ 5th largest (disclosed) transaction.
  • This is FAT Brands’ 7th transaction in the United States.
  • This is FAT Brands’ 1st transaction in Arizona.

M&A Deal Summary
Date 2021-12-17
Target Native Grill & Wings
Sector Restaurants
Buyer(s) FAT Brands
Sellers(s) Wingtime
Deal Type Divestiture
Deal Value 20M USD

Target

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.

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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 7 of 9
Sector (Restaurants) 6 of 7
Type (Divestiture) 1 of 2
State (Arizona) 1 of 1
Country (United States) 7 of 9
Year (2021) 4 of 4
Size (of disclosed) 5 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-11-02 Fazoli’s

Lexington, Kentucky, United States

Fazoli's is a franchisor and operator of Italian fast casual restaurants in the United States and is positioned to accelerate its growth in the expanding fast casual segment of the restaurant industry. Fazoli's was founded in 1988 and headquartered in Lexington, Kentucky.

Buy $130M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-05-25 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.

Buy -

Seller(S) 1

SELLER

Wingtime

Worcester, Massachusetts, United States
Category Company
Sector Restaurants
DESCRIPTION

Wingtime is an own and operator of chain of restaurants. Wingtime is based in Worcester, Massachusetts.

DEAL STATS #
Overall 1 of 1
Sector (Restaurants) 1 of 1
Type (Divestiture) 1 of 1
State (Arizona) 1 of 1
Country (United States) 1 of 1
Year (2021) 1 of 1
Size (of disclosed) 1 of 1
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