M&A Deal Summary

Hargett Hunter Capital Management Acquires The Original ChopShop

On July 25, 2016, private equity firm Hargett Hunter Capital Management acquired restaurant The Original ChopShop

Acquisition Highlights
  • This is Hargett Hunter Capital Management’s 1st transaction in the Restaurants sector.
  • This is Hargett Hunter Capital Management’s 1st transaction in the United States.
  • This is Hargett Hunter Capital Management’s 1st transaction in Arizona.

M&A Deal Summary
Date 2016-07-25
Target The Original ChopShop
Sector Restaurants
Buyer(s) Hargett Hunter Capital Management
Deal Type Buyout (LBO, MBO, MBI)
Advisor(s) Bentley Associates (Financial)
Michael Best & Friedrich (Legal)

Target

The Original ChopShop

Scottsdale, Arizona, United States
The Original ChopShop Co. is a healthy fast casual restaurant concept with three locations in greater Phoenix, Arizona. ChopShop features fresh, organic, and local dining options served in a bright, inviting environment across all three dayparts and snacks. The menu is elevated, contemporary fare with an emphasis on healthy offerings which include salads, sandwiches, protein bowls, parfaits, fruit bowls, and breakfast options. ChopShop also offers a diverse variety of drinks including pressed juices, protein shakes, fresh lemonades, and teas. Focused on health conscious consumers, the average menu item is priced below $10.

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Buyer(S) 1

Buyer

Hargett Hunter Capital Management

Investor Investor

Category Private Equity Firm
Founded 2015
Size Small
Type Sector Focused
DESCRIPTION

Hargett Hunter Capital Management is a private investment firm that invests in US-based emerging restaurant concepts. The Firm looks for businesses generating a minimum of $10 million of annual revenue where $10 to $50 million of capital can be deployed over time. Hargett Hunter provides control and minority equity capital and operational expertise to support growth, acquisitions and recapitalizations of emerging restaurant concepts with less than one hundred units. Hargett Hunter Capital Management was established in 2015 and is headquartered in Raleigh, North Carolina.

DEAL STATS #
Overall 1 of 3
Sector (Restaurants) 1 of 3
Type (Buyout (LBO, MBO, MBI)) 1 of 2
State (Arizona) 1 of 1
Country (United States) 1 of 3
Year (2016) 1 of 2
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-10-11 Ruggles Green

Houston, Texas, United States

Ruggles Green is a premium fast-casual restaurant concept offering chef-inspired entrees, sandwiches, salads, burgers, pizza and pasta that incorporate local, often times organic, and seasonal items. With five current locations in the greater Houston, Texas area, Ruggles Green is a leader in providing extensive and high-quality vegetarian, vegan and gluten-free alternatives. As the first Certified Green Restaurant in Houston, Ruggles Green maintains an eco-friendly focus and a commitment to sustainability and the environment as evidenced by the certification of its CITYCENTRE restaurant as “The Greenest Restaurant in Texas.”

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Company

Legal