Recent Restaurants & Hospitality Acquisitions in Virginia
Acquisition Volume in Restaurants & Hospitality in Virginia by Year
Last 5 years
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September 9, 2025
- Buyer
- Larsen MacColl Partners, Dave Magrogan
- Target
- Mac & Bob's
- Industry
- Restaurants & Hospitality
- Location
- Virginia, United States
- Type
- Buyout
Larsen MacColl Partners (LMP) acquired Mac & Bob's, a full-service restaurant headquartered in Salem, Virginia; the transaction closed on August 6, 2025. LMP partnered with long-time restaurant operator Dave Magrogan to manage and grow the business, and Generational Group served as lead advisor to Mac & Bob's.
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September 13, 2024
- Buyer
- Flynn Group LP
- Target
- Blue Ridge Bread Inc. (13 Panera Bread cafés)
- Seller
- Blue Ridge Bread Inc.
- Industry
- Restaurants & Hospitality
- Location
- Virginia, United States
- Type
- Divestiture
Flynn Group LP has acquired 13 Panera Bread cafés from Blue Ridge Bread Inc., adding 11 locations in Virginia (Flynn's first Panera presence in the state) and two in West Virginia. The deal increases Flynn's Panera footprint to 145 cafés as the franchising operator continues regional expansion of its multi-brand portfolio.
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January 31, 2024
- Buyer
- Savory Fund
- Target
- South Block
- Industry
- Restaurants & Hospitality
- Location
- Virginia, United States
- Type
- Growth capital
Savory (Savory Fund) has made a growth investment in South Block, a 15-unit, health-focused fast-casual restaurant chain founded in Clarendon, Virginia. Founder and CEO Amir Mostafavi will remain in place as Savory uses capital and operating expertise from its $200 million Fund III to accelerate South Block's expansion across the Northeast; terms were not disclosed.
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- Buyer
- Kohlberg & Company, VMG Partners, Peterson Partners
- Target
- [solidcore]
- Industry
- Restaurants & Hospitality
- Location
- Virginia, United States
- Type
- Growth capital
[solidcore], a Washington, DC–area boutique fitness studio operator, received a strategic growth investment led by Kohlberg & Company with participation from existing investors VMG Partners and Peterson Partners. The undisclosed investment will be used to accelerate studio openings and expand the brand into new U.S. markets and internationally.
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May 28, 2021
- Buyer
- Bowlero Corp
- Target
- Bowl America Incorporated
- Industry
- Restaurants & Hospitality
- Location
- Virginia, United States
- Type
- Buyout
Bowlero Corp has entered into a definitive agreement to acquire Bowl America Incorporated, adding 17 bowling centers across Florida, Virginia and Maryland to Bowlero's portfolio. The transaction expands Bowlero's footprint in North America and is subject to Bowl America stockholder approval and customary closing conditions.
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August 29, 2019
- Buyer
- Aimbridge Hospitality, Advent International
- Target
- Interstate Hotels & Resorts
- Seller
- Kohlberg & Company
- Industry
- Restaurants & Hospitality
- Location
- Virginia, United States
- Type
- Buyout
Aimbridge Hospitality and Interstate Hotels & Resorts entered into a definitive agreement to merge, creating a global third-party hotel management leader that will operate more than 1,400 properties across 49 states and 20 countries. Advent International, which acquired a majority stake in Aimbridge earlier in 2019, will assume majority ownership of the combined entity; Kohlberg & Company, which owned Interstate, will relinquish its stake as part of the transaction.
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