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Authentic Restaurant Brands Completes Acquisition Of Fiesta Restaurant Group

Oct 30, 2023

Acquiring Company

Authentic Restaurant Brands

Acquired Company

Fiesta Restaurant Group, Inc.

New YorkAddisonFood and BeverageFood And BeverageHospitalityRetailFood and BeverageFood And BeverageHospitalityHotel

Description

Authentic Restaurant Brands (“ARB”), a portfolio company of Garnett Station Partners, LLC (“Garnett Station” or “GSP”), a New York-based principal investment firm, today announced the completion of its previously announced acquisition of Fiesta Restaurant Group, Inc. ("Fiesta" or the "Company") (NASDAQ: FRGI), parent company of the Pollo Tropical® restaurant brand.

Quick answer

Authentic Restaurant Brands is acquiring Fiesta Restaurant Group, Inc., announced October 30, 2023. Authentic Restaurant Brands is based in New York, New York, United States.

Who acquired Fiesta Restaurant Group, Inc?
Authentic Restaurant Brands agreed to acquire Fiesta Restaurant Group, Inc. on October 30, 2023.
How much did Authentic Restaurant Brands pay for Fiesta Restaurant Group, Inc?
The deal value was not disclosed.
What does Authentic Restaurant Brands do?
Authentic Restaurant Brands is a holding company of powerhouse, regional food and beverage brands with extraordinary customer brand loyalty and rich, authentic stories.
Where are Authentic Restaurant Brands and Fiesta Restaurant Group, Inc. based?
Authentic Restaurant Brands is based in New York, New York, United States. Fiesta Restaurant Group, Inc. is based in Addison, Texas, United States.
Who are the decision-makers at Authentic Restaurant Brands?
Fundz holds 2 contacts at Authentic Restaurant Brands. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

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Company Information

Company

Authentic Restaurant Brands

Location

New York, New York, United States

About

Authentic Restaurant Brands is a holding company of powerhouse, regional food and beverage brands with extraordinary customer brand loyalty and rich, authentic stories. Established in 2021, ARB is a Garnett Station portfolio company currently comprised of three market-leading, iconic brands each with over 25-year operating histories including Primanti Bros Restaurant & Bar based in Pennsylvania, West Virginia, Ohio, and Maryland, P.J. Whelihan's Pub & Restaurant based in the Greater Delaware Valley including Philadelphia and South Jersey and Mambo Seafood based in Houston, Texas. ARB is strongly committed to growing each of our brands by leveraging their respective foundations, while sharing best practices across our portfolio under our common ownership. For more information, please visit www.authenticrb.com.

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Frequently asked

Who acquired Fiesta Restaurant Group, Inc.?

Fiesta Restaurant Group, Inc. was acquired by Authentic Restaurant Brands, based in New York. The deal was reported on October 30, 2023. Authentic Restaurant Brands is a holding company of powerhouse, regional food and beverage brands with extraordinary customer brand loyalty and rich, authentic stories. Authentic Restaurant Brands is privately held and operates in Food and Beverage.

When did Authentic Restaurant Brands acquire Fiesta Restaurant Group, Inc.?

Authentic Restaurant Brands's acquisition of Fiesta Restaurant Group, Inc. was reported on October 30, 2023. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.

What does Fiesta Restaurant Group, Inc. do?

Fiesta Restaurant Group, Inc., owns, operates and franchises for the Pollo Tropical restaurant brand. It is privately held, operating in Food and Beverage, and is based in Addison.

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