M&A Deal Summary

Huddle House Acquires Perkins Restaurant and Bakery

On September 12, 2019, Huddle House acquired restaurant Perkins Restaurant and Bakery for 52M USD

Acquisition Highlights
  • This is Huddle House’s 1st transaction in the Restaurants sector.
  • This is Huddle House’s largest (disclosed) transaction.
  • This is Huddle House’s 1st transaction in the United States.
  • This is Huddle House’s 1st transaction in Tennessee.

M&A Deal Summary
Date 2019-09-12
Target Perkins Restaurant and Bakery
Sector Restaurants
Buyer(s) Huddle House
Deal Type Special Situations/Distressed
Deal Value 52M USD

Target

Perkins Restaurant and Bakery

Memphis, Tennessee, United States
Perkins Restaurant and Bakery is an operator of a chain of family restaurants. The Company also has a baked goods manufacturing division operating under the name of Foxtail Foods which manufactures pies, pancake mixes, cookie dough, and muffin batter for in-store bakeries and third-party customers. Perkins Restaurant and Bakery was founded in 1958 and is based in Memphis, Tennessee.

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Buyer(S) 1

Buyer

Huddle House

Atlanta, Georgia, United States
Category Company
Founded 1964
Sector Restaurants
DESCRIPTION

Huddle House, Inc. is a full-service family restaurant chain, is well-known for serving “Any Meal. Huddle House restaurants feature moderately priced food and beverage items, served during all day parts with full table service.

DEAL STATS #
Overall 1 of 1
Sector (Restaurants) 1 of 1
Type (Special Situations/Distressed) 1 of 1
State (Tennessee) 1 of 1
Country (United States) 1 of 1
Year (2019) 1 of 1
Size (of disclosed) 1 of 1
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