Special Situations/Distressed • Restaurants

Huddle House Acquires Perkins Restaurant and Bakery

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

Acquisition Context

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.

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

Target Company

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 Overview 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 Context for Buyer	#
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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