M&A Deal Summary

Roark Capital Group Acquires Dave s Hot Chicken

On June 2, 2025, private equity firm Roark Capital Group acquired restaurant Dave s Hot Chicken for 1.0B USD

Acquisition Highlights
  • This is Roark Capital Group’s 10th transaction in the Restaurants sector.
  • This is Roark Capital Group’s 2nd largest (disclosed) transaction.
  • This is Roark Capital Group’s 44th transaction in the United States.
  • This is Roark Capital Group’s 8th transaction in California.

M&A Deal Summary

Date 2025-06-02
Target Dave s Hot Chicken
Sector Restaurants
Buyer(s) Roark Capital Group
Deal Type Buyout (LBO, MBO, MBI)
Deal Value 1.0B USD

Target

Dave s Hot Chicken

Pasadena, California, United States
Dave's Hot Chicken is a fast-casual restaurant chain specializing in Nashville-style hot chicken, known for its spicy tenders, sliders, and crinkle-cut fries. Dave's Hot Chicken was founded in 2017 and is headquartered in Pasadena, California.

Search 214,107 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try Free

Buyer(S) 1

Buyer

Roark Capital Group

Atlanta, Georgia, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2001
PE ASSETS 33.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Roark Capital Group is a private equity firm that focuses on middle-market investment opportunities. The Firm targets family-owned business transfers, management/corporate buyouts, recapitalizations, going-private transactions, and corporate divestitures. Roark Capital Group pursues companies with revenues between $20 million and $5 billion, and EBITDA of $10 to $500 million. Roark Capital primarily invests in consumer and business services companies, with a particular interest in the franchise, food and restaurant, specialty retail, direct marketing and financial services sectors. Roark Capital Group was formed in 2001 and is headquartered in Atlanta, Georgia.


DEAL STATS #
Overall 46 of 46
Sector: Restaurants M&A 10 of 10
Type: Buyout (LBO, MBO, MBI) M&A Deals 13 of 13
State: California M&A 8 of 8
Country: United States M&A 44 of 44
Year: 2025 M&A 2 of 2
Size (of disclosed) 2 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2025-01-13 GPRS

Maumee, Ohio, United States

GPRS is a provider of private utility locating and concrete scanning services to utilities, contractors, engineering firms, and environmental consultants in every major market in the United States. GPRS was founded in 2001 and is based in Maumee, Ohio.

Buy -