Restaurants & Hospitality Acquisitions in Alabama
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November 18, 2024
- Buyer
- Wind Creek Hospitality, Poarch Band of Creek Indians (owner)
- Target
- Birmingham Racecourse and Casino, Birmingham Racecourse
- Seller
- McGregor family
- Industry
- Restaurants & Hospitality
- Location
- Alabama, United States
- Type
- Buyout
Wind Creek Hospitality, owned by the Poarch Band of Creek Indians, entered into an agreement to acquire Birmingham Racecourse and Casino from the McGregor family. The transaction is expected to be finalized by early 2025, with Wind Creek planning to invest in expanding the entertainment destination and continue operating pari-mutuel and historical horse racing games.
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December 8, 2020
- Buyer
- The Halifax Group
- Target
- PJU Holdings, Inc. (PJ United)
- Seller
- TPG Growth
- Industry
- Restaurants & Hospitality
- Location
- Alabama, United States
- Type
- Recapitalization
Private equity firm The Halifax Group completed an investment to recapitalize PJU Holdings, Inc. ("PJ United"), the largest Papa John’s franchisee. Halifax partnered with CEO Doug Stephens and PJ United's existing management team to support growth and operational expansion across the company's 194 stores.
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August 19, 2019
- Buyer
- AEA Investors
- Target
- Jack's Family Restaurants
- Industry
- Restaurants & Hospitality
- Location
- Alabama, United States
- Type
- Buyout
AEA Investors' Middle Market Private Equity funds completed the acquisition of Jack's Family Restaurants, a regional quick-service restaurant chain operating approximately 170 company-owned units across Alabama, Tennessee, Georgia and Mississippi. Jack's, headquartered near Birmingham (Homewood), Alabama, operates roughly 170 locations and ~5,600 employees and offers a differentiated Southern-inspired QSR concept with opportunities to expand market share in its current footprint.
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