Fast-casual better burger chain MOOYAH Burgers, Fries & Shakes marks the latest concept scooped up by private equity. Balmoral Funds acquired MOOYAH in partnership with private investment company Gala Capital Partners, which is led by 30-year restaurant veteran Anand Gala.
Under the terms of the acquisition, MOOYAH will no longer be part of Reach Restaurant Group. MOOYAH’S executive leadership team will remain in their roles and Michael Mabry, president and chief operating officer of MOOYAH, will lead the transition of ownership to Balmoral and Gala Capital from the company’s co-founders, Rich Hicks and Todd Istre.
The Plano, Texas-based MOOYAH brand has 73 U.S. stores and 20 international locations.
Michael Mabry, president and COO of MOOYAH, will lead the transition of ownership, according to a release announcing the deal.