NEWS

5/6/2024 | Mergers & Acquisitions 2024 Deals of the Year: Authentic Restaurant Brands Acquired Fiesta Restaurant Group

Authentic Restaurant Brands (ARB) completed its take-private acquisition of Fiesta Restaurant Group in October of 2023. The deal was a $225 million ($8.50 per share) all-cash transaction.

5/6/2024 | Mergers & Acquisitions Reveals the 2024 Middle-Market Deals of the Year

These exceptional transactions transcended a variety of market headwinds faced by dealmakers in the last year.

This marks our 17th annual Mid-Market M&A Awards. Here are this year’s winners, listed in alphabetical order and with links to full coverage. An additional 14 deals received honorable mentions. They are also listed below. Authentic Restaurant Brands‘ take-private acquisition of Fiesta Restaurant Group was its largest acquisition to date.

4/25/2024 | Pollo Tropical Joins Authentic Restaurant Brands in Take-private Deal

Taking a public company private isn’t an easy feat, but Garnett Station Partners-backed Authentic Restaurant Brands approached its latest acquisition with the same analysis as usual. “We look for, in terms of due diligence, brand strength, consistency of the unit performance and the ability to grow the business and add value,” said Garnett Station Managing Partner Alex Sloane.

11/15/2023 | What Pollo Tropical's new owners plan to do with the brand

What do you do with Pollo Tropical?

This week’s episode of the Restaurant Business podcast “A Deeper Dive” features Alex Macedo, the chairman of Authentic Restaurant Brands, to talk about that company’s recent acquisition of Pollo Tropical.

Authentic Restaurant Brands, or ARB, is owned by the private equity firm Garnett Station Partners. Macedo is a former executive with Burger King and Tim Hortons and is overseeing the multi-concept operator, which also owns Primanti Brothers, PJ Whelihan's and Mambo Seafood.

8/26/2023 | Pollo Tropical Restaurant Chain to Be Sold

Miami-based Pollo Tropical is known for serving heaping portions of Latin American-inspired cuisine.
The Pollo Tropical restaurant chain is nearing a deal to be bought by an investment firm for $225 million.

Authentic Restaurant Brands, part of New York-based Garnett Station Partners, plans to add the fast-casual restaurant operator to a portfolio that already includes sandwich chain Primanti Bros., according to people familiar with the matter.

8/7/2023 | Fiesta Restaurant Group, Inc. to be Acquired by Authentic Restaurant Brands

DALLAS & NEW YORK--(BUSINESS WIRE)--Fiesta Restaurant Group, Inc. ("Fiesta" or the "Company") (NASDAQ: FRGI), parent company of the Pollo Tropical® restaurant brand, and Authentic Restaurant Brands (“ARB”), a portfolio company of Garnett Station Partners, LLC (“Garnett Station” or “GSP”), a New York-based principal investment firm, today announced that they have entered into a definitive agreement under which a wholly owned subsidiary of ARB will acquire the Company in an all cash transaction.