M&A Deal Summary

Kelly Companies Acquires ChopHouse & Brewery

On December 10, 2024, private equity firm Kelly Companies acquired restaurant ChopHouse & Brewery from SPB Hospitality

Acquisition Highlights
  • This is Kelly Companies’ 7th transaction in the Restaurants sector.
  • This is Kelly Companies’ 8th transaction in the United States.
  • This is Kelly Companies’ 2nd transaction in Colorado.

M&A Deal Summary

Date 2024-12-10
Target ChopHouse & Brewery
Sector Restaurants
Buyer(s) Kelly Companies
Sellers(s) SPB Hospitality
Deal Type Divestiture

Target

ChopHouse & Brewery

Denver, Colorado, United States
ChopHouse & Brewery is a downtown Denver steakhouse and brewpub offering steaks, chops, seafood, tavern-fare, and handcrafted ales brewed on-site. ChopHouse & Brewery opened in 1995 in the historic Union Pacific Freight House building in Denver, Colorado.

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Buyer(S) 1

Buyer

Kelly Companies

San Diego, California, United States

Category Private Equity Firm
Founded 1993
Size Small
Type Sector Focused
DESCRIPTION

Kelly Companies is a private investment firm focused on acquiring restaurant concepts. The Firm will consider businesses at a variety of stages, including distressed situations. Kelly Companies was formed in 1993 and is based in San Diego, California.


DEAL STATS #
Overall 8 of 8
Sector: Restaurants M&A 7 of 7
Type: Divestiture M&A Deals 3 of 3
State: Colorado M&A 2 of 2
Country: United States M&A 8 of 8
Year: 2024 M&A 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-12-10 Rock Bottom Restaurant & Brewery

Louisville, Colorado, United States

Rock Bottom Restaurant & Brewery is a full-service casual dining and brewpub chain where each location brews craft beer on-site and offers a menu of American fare complemented by the in-house beers. Rock Bottom Restaurant & Brewery is headquartered in Louisville, Colorado.

Buy -

Seller(S) 1

SELLER

SPB Hospitality

Houston, Texas, United States

Category Company
Sector Restaurants
DESCRIPTION

SPB Hospitality is an operator and franchisor of restaurant brands across the quick-service, casual and full-service dining segments in the United States. The company manages a portfolio of brands spanning multiple restaurant concepts and breweries, serving guests across the US. SPB Hospitality is headquartered in Houston, Texas.


DEAL STATS #
Overall 3 of 3
Sector: Restaurants M&A 3 of 3
Type: Divestiture M&A Deals 3 of 3
State: Colorado M&A 2 of 2
Country: United States M&A 3 of 3
Year: 2024 M&A 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-12-10 Rock Bottom Restaurant & Brewery

Louisville, Colorado, United States

Rock Bottom Restaurant & Brewery is a full-service casual dining and brewpub chain where each location brews craft beer on-site and offers a menu of American fare complemented by the in-house beers. Rock Bottom Restaurant & Brewery is headquartered in Louisville, Colorado.

Sell -