M&A Deal Summary

WOWorks Acquires Garbanzo Mediterranean Grill

On December 22, 2020, WOWorks acquired restaurant Garbanzo Mediterranean Grill from Gemini Investors

Acquisition Highlights
  • This is WOWorks’ 1st transaction in the Restaurants sector.
  • This is WOWorks’ 2nd transaction in the United States.
  • This is WOWorks’ 1st transaction in Colorado.

M&A Deal Summary

Date 2020-12-22
Target Garbanzo Mediterranean Grill
Sector Restaurants
Buyer(s) WOWorks
Sellers(s) Gemini Investors
Deal Type Add-on Acquisition

Target

Garbanzo Mediterranean Grill

Centennial, Colorado, United States
Garbanzo Mediterranean Grill is a fast-casual mediterranean restaurant in America. Garbanzo is making fresh mediterranean cuisine a mainstream favorite across the United States. Every order is customized to the guest's liking, with choices from top-quality meats and plant-based proteins to authentic laffa wraps and perfect, pillowy pitas baked in-house throughout the day. Garbanzo Mediterranean Grill was founded in 2007 and is based in Centennial, Colorado.

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Buyer(S) 1

Buyer

WOWorks

West Conshohocken, Pennsylvania, United States

Category Company
Sector Restaurants
DESCRIPTION

WOWorks was formed with a mission to help guests pursue their passions and live their best lives by serving healthy, nutritious, and flavorful fuel along with first-rate hospitality. WOWorks’ portfolio consists of: Saladworks, Frutta Bowls, Garbanzo Mediterranean Fresh, The Simple Greek. WOWorks is based in West Conshohocken, Pennsylvania.


DEAL STATS #
Overall 2 of 5
Sector: Restaurants M&A 1 of 4
Type: Add-on Acquisition M&A Deals 2 of 5
State: Colorado M&A 1 of 1
Country: United States M&A 2 of 5
Year: 2020 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-12-22 Frutta Bowls

Freehold, New Jersey, United States

Frutta Bowls is a fast-casual concept serving a variety of unique, superfood bowls, fresh fruit smoothies, oatmeal bowls, artisan toasts, and organic coffee. All menu items are made fresh-to-order with no sweeteners, no juices, no fillers added. Frutta Bowl signatures include all-natural acai, pitaya, and kale bowls with a broad array of both healthy and indulgent toppings. Guests can customize creations to meet their personal preferences and dietary requirements, with gluten-free, dairy-free, and allergen-free options available. Frutta Bowls was formed in 2016 and is based in Freehold, New Jersey.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-03-11 Simple Greek

Youngstown, Ohio, United States

Simple Greek is a franchise of fast-casual Greek restaurants. The brand aims to redefine the traditional Greek restaurant with an interactive concept that combines high-quality ingredients, open kitchens, and a Greek atmosphere in a fast-casual setting. The menu of the 24-unit concept is based upon a fresh, contemporary, and healthy take on ancient Greek recipes. Simple Greek was founded in 2015 and is based in Youngstown, Ohio.

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Seller(S) 1

SELLER

Gemini Investors

Wellesley, Massachusetts, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1993
PE ASSETS 700M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Gemini Investors is a middle-market private equity firm that targets investments in growing and established businesses. Areas of interest include technology, business services, consumer services, healthcare, education, manufacturing and distribution. Gemini looks for companies with $5 to $50 million in annual revenue and typically makes investments of $3 to $8 million in the form of preferred stock and/or subordinated debt. Prospective transaction types include growth capital, recapitalization and buyout situations. Gemini Investors was formed in 1993 and is based in Wellesley, Massachusetts.


DEAL STATS #
Overall 42 of 53
Sector: Restaurants M&A 3 of 3
Type: Add-on Acquisition M&A Deals 17 of 25
State: Colorado M&A 4 of 4
Country: United States M&A 42 of 53
Year: 2020 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-12-17 Solmetex

Marlborough, Massachusetts, United States

Solmetex provides dental amalgam separator devices and amalgam recycling services to the dental industry. Solmetex’s NXT Hg5 Series of Amalgam Separators and recycling program, which treats dental wastewater, is highly regarded as the best solution for regulatory compliance. Solmetex was founded in 1994 and is based in Northborough, Massachusetts.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-06-01 The Cable Company

New Hope, Pennsylvania, United States

The Cable Company is a specialty retailer of high-end audio cables and accessories, offering a wide selection of products along with expert consultation, system matching services, and an extensive cable lending library for in-home auditioning. The Cable Company was founded in 1989 and is based in New Hope, Pennsylvania.

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