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Roark Capital acquires Dave's Hot Chicken for $1B

PRIVATEJun 03, 2025

Acquiring Company

Roark Capital

Acquired Company

Dave's Hot Chicken

AtlantaPasadenaFinancial ServicesFinanceVenture CapitalFood And BeverageHospitality

Description

Roark Capital has acquired Dave's Hot Chicken in a $1 billion deal aimed at supporting the restaurant's global expansion. This acquisition is expected to help Dave's Hot Chicken grow from over 300 locations to over 400 by the end of the year. The investment will fuel the chain's plans for entering new markets. This marks a significant milestone in the company's journey since its inception in 2017.

Quick answer

Roark Capital is acquiring Dave's Hot Chicken for $1 billion, announced June 3, 2025. Roark Capital is based in Atlanta, Georgia, United States.

How much did Roark Capital pay for Dave's Hot Chicken?
The reported deal value is $1 billion.
What does Roark Capital do?
Roark is an Atlanta-based private equity firm with $38 billion in equity under management.
Where are Roark Capital and Dave's Hot Chicken based?
Roark Capital is based in Atlanta, Georgia, United States. Dave's Hot Chicken is based in Pasadena, California, United States.
Who are the decision-makers at Roark Capital?
Fundz holds 1 contact at Roark Capital. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

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Company Information

Company

Roark Capital

Location

Atlanta, Georgia, United States

About

Roark is an Atlanta-based private equity firm with $38 billion in equity under management. The firm focuses on consumer and business service companies, with a specialization in franchise and multi-location businesses in the retail, restaurant, consumer, and business services sectors.

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Frequently asked

Who acquired Dave's Hot Chicken?

Dave's Hot Chicken was acquired by Roark Capital, based in Atlanta. The deal was reported on June 3, 2025. Roark is an Atlanta-based private equity firm with $38 billion in equity under management. Roark Capital is privately held and operates in Financial Services.

When did Roark Capital acquire Dave's Hot Chicken?

Roark Capital's acquisition of Dave's Hot Chicken was reported on June 3, 2025. Roark Capital has acquired Dave's Hot Chicken in a $1 billion deal aimed at supporting the restaurant's global expansion. This acquisition is expected to help Dave's Hot Chicken grow from over 300 locations to over 400 by the end of the year. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.

What does Dave's Hot Chicken do?

Dave’s Hot Chicken is one of the fastest growing restaurant brands in the United States, known for its jumbo Hot Chicken Sliders and its broad consumer appeal with the core customer base being Gen Z and Millennial males. It is privately held, operating in Food And Beverage, and is based in Pasadena.

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