Private-equity firm D Cubed Group has reached an agreement to sell KPS Global to Viessmann Generations Group. KPS Global is a Texas-based manufacturer of walk-in refrigerators and freezers, among other products. The deal is expected to close within 90 days and financial terms were not disclosed, per a release announcing

Hollander adds to its team while Zink makes an acquisition.

CFS Brands, a multiline foodservice equipment and supplies manufacturer added to its portfolio by acquiring smallwares provider Araven Hospitality-Foodservice. Terms of the deal were not disclosed.

In an all-cash deal valued at approximately $605 million, Darden Restaurants will acquire Chuy’s Holdings. Founded in Austin, Texas, in 1982, Chuy’s owns and operates full-service restaurants serving a Tex-Mex-inspired menu. Chuy’s has 101 restaurants spread across 15 states as of mid-July.

Multiconcept operator BRIX Holdings, LLC reached a deal to acquire Clean Juice. The transaction is expected to close in the next several weeks, per a release announcing the sale.

Private equity funds managed by Blackstone will acquire Tropical Smoothie Cafe, a franchisor of fast-casual restaurants, from Levine Leichtman Capital Partners. The deal is worth roughly $2 billion, ...

Change is in the air at Tijuana Flats. In less than a week, the 91-unit fast-casual chain has filed for bankruptcy, closed 11 restaurants and gotten new owners. All of this comes on the heels of updating its menu and packaging.

TGI Fridays' largest global franchisee, Hostmore plc, has agreed to acquire the iconic casual dining chain in an all-stock transaction. The deal is expected to close in the third quarter of 2024 and will provide TGI Fridays with “operational and financial flexibility, increased scale and capital,” the release notes.

For the second time in less than a week, one of the top 100 foodservice equipment and supplies dealers in the country has been acquired. In this case, Florida-based Johnson-Lancaster and Associates has purchased California-based IFE Group/SCRDG. The financial terms of the deal were not disclosed.

In a deal involving two of the top 20 foodservice equipment and supplies dealers in the country, Singer Equipment Co. has acquired Hotel & Restaurant Supply. Terms of the deal were not disclosed.

In a move to further integrate the companies’ products and services, Ali Group North America and Welbilt have merged and will now go to market in North America under the Welbilt name. In support of the merger the company made a series of organizational changes.

Tech24 has acquired Central GA Refrigeration, a Georgia-based commercial refrigeration, HVAC, and cooking equipment repair company.

Two weeks into 2024 and Tech24 has made two acquisitions. The company has purchased Total Tech Corporation, a Pennsylvania service agent. And just last week, Tech24 purchased 1-2-3 Equipment Solutions, a service agent based in Virginia.

Tech24, a national industry commercial foodservice equipment repair and maintenance company, has acquired 1-2-3 Equipment Solutions.

Restaurant mergers and acquisitions gain momentum, but will it hold? Who’s the recording artist behind the latest vegan restaurant opening in Los Angeles? Did consumer confidence improve in November? Which foodservice designer just became a hall of famer? We answer these stories and more This Week in Foodservice.

Stainless Specialties Inc. has been acquired by North American Kitchen Solutions, an Ohio-based foodservice equipment manufacturer.

Indianapolis-based service agency Vanco has expanded its reach by acquiring PFES, a service company in the Ft. Wayne, Ind., area.

In a move that will help bolster the chain’s dessert menu, Chicken Salad Chick has acquired Another Piece of Cake, a regional bakery concept with ten locations.

Software company Revalize has added to its foodservice portfolio by acquiring KCL, a software provider for commercial foodservice design.

Broadline distributor Sysco plans to expand its presence in foodservice equipment and supplies distribution in a big way.

Literally hours after announcing it had received an investment from Vestar Capital to help drive, in part, its acquisition strategy, Tech24 unveiled it had purchased Big Fish, a Texas-based service agent.

In a move to further support its ambitious acquisition and growth strategy in both new and existing markets, service agent Tech24 added Vestar Capital Partners as an investor. Existing Tech24 investors include HCI Capital Partners and the service agent’s management team.

Multiline foodservice equipment manufacturer CFS Brands has added to its portfolio by acquiring The Foodware Group, which manufactures and sells front-of-the-house and back-of-the-house supplies and smallwares. Founded in 2018, The Foodware Group consists of two more widely known foodservice brands: G.E.T. and Winco.

Acquisition activity is heating up in the restaurant space. The latest example is private equity firm Roark Capital reaching an agreement to acquire Subway, the quick-service sandwich chain.

Bain Capital Private Equity has reached a deal to acquire Fogo de Chão from Rhône Capital, which has owned the company since 2018.

Service agent Tech24 acquired Pronto Repairs, a provider of foodservice and commercial HVAC equipment repair and maintenance services for hospitals and medical centers in the New York City area.

Southern California Restaurant Design Group has purchased IKONIK Supply Co.’s foodservice division. As part of this acquisition, IKONIK will rebrand its furnishing and millwork division under a new name, Hatch Hospitality Supply. In addition, Hatch Design Group will continue to offer full-service kitchen and interior design services.

Multiline foodservice equipment manufacturer Winco acquired Bar Maid Corp., a producer of products for bars, restaurants, hotels, convention facilities and event catering. Financial terms of the deal were not disclosed.

Ace Mart has acquired Lubbock, Texas-based foodservice supplies dealer Big Plate Restaurant Supply.

Tech24 has acquired Total Mechanical Repair Services.