M&A Deal Summary

Polar Star Capital Partners Acquires Meridian Restaurants

On June 13, 2018, private equity firm Polar Star Capital Partners acquired restaurant Meridian Restaurants

Acquisition Highlights
  • This is Polar Star Capital Partners’ 1st transaction in the Restaurants sector.
  • This is Polar Star Capital Partners’ 1st transaction in the United States.
  • This is Polar Star Capital Partners’ 1st transaction in Utah.

M&A Deal Summary
Date 2018-06-13
Target Meridian Restaurants
Sector Restaurants
Buyer(s) Polar Star Capital Partners
Deal Type Buyout (LBO, MBO, MBI)

Target

Meridian Restaurants

South Ogden, Utah, United States
Meridian Restaurants operates 114 Burger King restaurants and recently acquired 10 Chili’s restaurants and 2 El Pollo Loco stores. Meridian Restaurants was founded in 2002 and is based in South Ogden, Otah.

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Buyer(S) 1

Buyer

Polar Star Capital Partners

Investor

Category Private Equity Firm
Founded 2017
Size Small
Type Sector Agnostic
DESCRIPTION

Polar Star Capital Partners is a private equity firm focused on providing long-term capital to privately-held companies. Polar Star looks to invest between $10 and $50 million in companies with EBITDA greater than $3 million. Polar Star transaction types include management buyouts, growth financings, and stake purchases. Sectors of interest include business services, consumer products/services, distribution, manufacturing, restaurants, and retail. Polar Star Capital Partners was formed in 2017 and is based in Salt Lake City, Utah.

DEAL STATS #
Overall 1 of 1
Sector (Restaurants) 1 of 1
Type (Buyout (LBO, MBO, MBI)) 1 of 1
State (Utah) 1 of 1
Country (United States) 1 of 1
Year (2018) 1 of 1
Mergr

Product

Company

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