M&A Deal Summary

Kelly Companies Acquires Rock Bottom Restaurant & Brewery

On December 10, 2024, private equity firm Kelly Companies acquired restaurant Rock Bottom Restaurant & 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 Rock Bottom Restaurant & Brewery
Sector Restaurants
Buyer(s) Kelly Companies
Sellers(s) SPB Hospitality
Deal Type Divestiture

Target

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.

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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 Gordon Biersch Brewery

San Jose, California, United States

Gordon Biersch Brewery Restaurant is a restaurant and brewery chain that combines German‐style brewing and made‐from-scratch cuisine. The Company brews its beer according to the German purity law and serves food and craft beer in its locations. Gordon Biersch was founded in 1988 and is based in San Jose, California.

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 Gordon Biersch Brewery

San Jose, California, United States

Gordon Biersch Brewery Restaurant is a restaurant and brewery chain that combines German‐style brewing and made‐from-scratch cuisine. The Company brews its beer according to the German purity law and serves food and craft beer in its locations. Gordon Biersch was founded in 1988 and is based in San Jose, California.

Sell -