SPB Hospitality, a portfolio company of Fortress Investment Group and a leader in the restaurant industry, has finalized the sale of its brewery and specialty restaurants to an affiliate of Kelly Companies of Southern California. This strategic transaction sharpens SPB’s focus on its flagship brands—Krystal, Logan’s Roadhouse, Old Chicago Pizza & Taproom, J. Alexander’s, Stoney River Steakhouse and Grill, Amada Vino + Tapas and Village Whiskey—while enabling Kelly Companies to expand its reach with some of the most celebrated names in the brewery and specialty dining space.
The sale includes iconic brewery restaurants Rock Bottom Restaurant & Brewery, Gordon Biersch Brewery Restaurant, ChopHouse & Brewery, Ragtime Tavern and Seven Bridges Grille & Brewery. They will join Kelly’s diverse lineup of over 20 locations, including well-loved concepts such as Claim Jumper Steakhouse & Bar, Lucky Bastard Saloon, and Whiskey River Saloon.
“This marks a transformational chapter for SPB Hospitality as we double down on the growth of our flagship brands and the integration of our recently acquired concepts from Chef Jose Garces,” said Josh Kern, CEO of SPB Hospitality. “These breweries and specialty restaurants we’re transitioning to Kelly Companies have a rich heritage, and we are confident their team will build on this success and continue serving their communities with excellence.”
Kelly Companies views the acquisition as a chance to strengthen and deepen its portfolio while honoring the legacy of these iconic brands.
“Adding these beloved brewery and specialty concepts is a perfect complement to our existing restaurants, allowing us to deliver even more unique and memorable dining experiences,” said Michael Kelly, CEO of Kelly Companies of Southern California. “We are committed to honoring their roots, nurturing their community connections and exploring opportunities for growth and innovation.”
This transaction encompasses 16 locations, including flagship and airport venues. Financial terms of the deal were not disclosed.
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