April 19, 2017
Private Equity Firm Invests in Torchy’s
Private equity firm General Atlantic has made a minority investment in Torchy’s Tacos, a fast-casual restaurant concept with 46 locations spanning 3 states. General Atlantic becomes a shareholder along with the five founding partners, who retain a majority stake in the company.
Restaurant Mergers and Acquisitions Q&A:
A Closer Look
FE&S’ Editorial Director Joe Carbonara digs into restaurant mergers and acquisitions with Anthony Valentino of Mergermarket, which tracks and analyzes data associated with global mergers and acquisitions.
Excell Presents Annual Vendor Awards
Excell Marketing, a dealer-based equipment and supplies buying group, recognized the accomplishments of 13 factories and 1 foodservice professional with its 2016 vendor awards.
FE&S’ 2017 Top Achievers
All of our 2017 Top Achievers possess exemplary leadership qualities: a rock-solid moral compass, steadfast determination, and an attitude that inspires. Their influence reaches all corners of the foodservice industry. Meet David Ellingson of Bargreen Ellingson, our Top Achiever — Dealer; Beth Kuczera of Eqiupment Dynamics Inc., our Top Achiever — Consultant; Paul Toukatly of Duffy’s Equipment Service, our Top Achiever — Service Agent; and Stacey Stahl of Ritten Associates Inc., our Top Achiever — Manufacturers’ Rep.
March Tough on Sales, Top Chains Entwined in Customers’ Lives, Restaurants Create Good-Paying Jobs (Really), and More
March was another tough sales month. A survey finds the best restaurant customers are cutting back. The NPD Group shows top chain restaurants are entwined in consumers’ lives. These stories and a whole lot more This Week in Foodservice.
Lawry’s Restaurants Names Executive Chef for California Operation
Multi-concept operator Lawry’s Restaurants named Anthony Endy executive chef of its Five Crowns and SideDoor operation in Carona del Mar, Calif.
Sandwich Spree Earns Rave Reviews
Although students at The Culinary Institute of America are typically known for preparing gourmet food, it was their preparation of a peanut butter and jelly sandwich that drew four-star reviews in New York. Several CIA resident assistants, working with college staff, organized more than 100 students to make and deliver peanut butter and jelly sandwiches for soup kitchens and food pantries in the Hudson Valley.