Dive Brief:
- BBQ Holdings will acquire family dining brand Village Inn and Bakers Square from owner VIBSQ, LLC, for $13.5 million, according to an SEC filing.
- Village Inn, which has 21 company-owned units and 114 franchised restaurants, 13-unit Bakers Square will become wholly owned subsidiaries of BBQ Holdings.The transaction is expected to close by the end of July.
- This deal marks BBQ Holdings’first acquisition since it bought Granite City Food & Brewery and independent restaurant Real Urban in 2020.
Dive Insight:
BBQ Holdings’latest purchase is the next step in its acquisition strategy.In April, it said it intended to buy more companies and was evaluating multiple opportunities. Its targets are legacy brands with franchise syste…
Read the full article at: https://www.restaurantdive.com/news/bbq-holdings-to-buy-village-inn-bakers-square-for-135m/602438/
