SPB Hospitality sells five brewery and specialty brands to Kelly Companies
The sale includes Rock Bottom Restaurant & Brewery, Gordon Biersch Brewery Restaurant, ChopHouse & Brewery, Ragtime Tavern, and Seven Bridges Grille & Brewery SPB Hospitality – parent company to Krystal and Logan’s Roadhouse — has sold five of its brewery brands to Kelly Companies of Southern California for an undisclosed amount. The sale includes Rock Bottom Restaurant & Brewery, Gordon Biersch Brewery Restaurant, ChopHouse & Brewery, Ragtime Tavern and Seven Bridges Grille & Brewery. The Houston-based SPB Hospitality said that the sale of these five brands will allow the company to focus on its remaining flagship brands, which also include Old Chicago Pizza & Taproom, J. Alexander’s, Stoney River Steakhouse and Grill, Amada Vino + Tapas, and Village Whiskey. “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,” Josh Kern, CEO of SPB Hospitality, said in a statement. “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 of Southern California is a multi-concept restaurant operator, with concepts that include Fox & Hound Bar + Grill, Craft Republic Bar & Grill, Lucky Bastard Saloon, and Whiskey River Saloon. The company said that it views this acquisition as an opportunity to “strengthen and deepen” its portfolio, while honoring the brands’ legacies. “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,” Michael Kelly, CEO of Kelly Companies of Southern California, said in a statement. “We are committed to honoring their roots, nurturing their community connections and exploring opportunities for growth and innovation.” The transaction of this sale includes 16 restaurants, with flagship and airport locations included. SPB Hospitality is owned by Fortress Investment Group, parent of Fortress Credit Corp. portfolio. Fortress Credit Corp. bought Red Lobster out of bankruptcy in September, following the 545-unit seafood chain’s Chapter 11 filing in May. Contact Joanna at joanna.fantozzi@informa.com
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SPB Hospitality – parent company to Krystal and Logan’s Roadhouse — has sold five of its brewery brands to Kelly Companies of Southern California for an undisclosed amount. The sale includes Rock Bottom Restaurant & Brewery, Gordon Biersch Brewery Restaurant, ChopHouse & Brewery, Ragtime Tavern and Seven Bridges Grille & Brewery.
The Houston-based SPB Hospitality said that the sale of these five brands will allow the company to focus on its remaining flagship brands, which also include Old Chicago Pizza & Taproom, J. Alexander’s, Stoney River Steakhouse and Grill, Amada Vino + Tapas, and Village Whiskey.
“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,” Josh Kern, CEO of SPB Hospitality, said in a statement. “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 of Southern California is a multi-concept restaurant operator, with concepts that include Fox & Hound Bar + Grill, Craft Republic Bar & Grill, Lucky Bastard Saloon, and Whiskey River Saloon. The company said that it views this acquisition as an opportunity to “strengthen and deepen” its portfolio, while honoring the brands’ legacies.
“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,” Michael Kelly, CEO of Kelly Companies of Southern California, said in a statement. “We are committed to honoring their roots, nurturing their community connections and exploring opportunities for growth and innovation.”
The transaction of this sale includes 16 restaurants, with flagship and airport locations included. SPB Hospitality is owned by Fortress Investment Group, parent of Fortress Credit Corp. portfolio. Fortress Credit Corp. bought Red Lobster out of bankruptcy in September, following the 545-unit seafood chain’s Chapter 11 filing in May.
Contact Joanna at joanna.fantozzi@informa.com
