M&A Deal Summary

SPB Hospitality Acquires CraftWorks

On June 12, 2020, SPB Hospitality acquired restaurant CraftWorks

Acquisition Highlights
  • This is SPB Hospitality’s 1st transaction in the Restaurants sector.
  • This is SPB Hospitality’s 1st transaction in the United States.
  • This is SPB Hospitality’s 1st transaction in Tennessee.

M&A Deal Summary
Date 2020-06-12
Target CraftWorks
Sector Restaurants
Buyer(s) SPB Hospitality
Deal Type Special Situations/Distressed

Target

CraftWorks

Chattanooga, Tennessee, United States
CraftWorks is a multi-brand restaurant operator headquartered in dual offices between Chattanooga, Tennessee and Broomfield, Colorado USA. It operates restaurants, brewery restaurants and entertainment venues.

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Buyer(S) 1

Buyer

SPB Hospitality

Houston, Texas, United States
Category Company
Sector Restaurants
DESCRIPTION

SPB Hospitality is an operator and franchisor of full-service dining restaurants, spanning a national footprint of hundreds of restaurants and breweries. The Company’s diverse portfolio of restaurant brands includes Logan’s Roadhouse, J Alexander's, Stoney River, Old Chicago Pizza & Taproom, and a collection of restaurant-brewery brands, including Rock Bottom Restaurant & Brewery and Gordon Biersch Brewery Restaurant. SPB Hospitality also operates a collection of specialty restaurant concepts including ChopHouse & Brewery, Big River Grille & Brewing Works, AIA Ale Works Restaurant & Taproom, Ragtime Tavern Seafood & Grill, and Seven Bridges Grille & Brewery.

DEAL STATS #
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 (2020) 1 of 1
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