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

Jun 03, 2025•7 months ago

Acquiring Company

Roark Capital

Acquired Company

Dave's Hot Chicken

AtlantaPasadenaFinanceFinancial ServicesVenture CapitalHospitalityFood And Beverage

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.

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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M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed