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New Deal


Announced

Centre Lane Partners-backed WOWorks to acquire Barberitos Southwestern Grille and Cantina and Zoup! Eatery.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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restaurant chain

Domestic

United States

Private

Friendly

Restaurants and Bars

Acquisition

Pending

Majority

Single Bidder

Private Equity

Synopsis

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Centre Lane Partners-backed WOWorks, a holding company of better-for-you restaurant brands, agreed to acquire Barberitos Southwestern Grille and Cantina and Zoup! Eatery, fast-casual restaurant brands. Financial terms were not disclosed. "Today, we welcome both Barberitos Southwestern Grille and Cantina and Zoup! Eatery to the WOWorks family. These brands share our overall goal to grow into one of the largest plant-forward, good-for-you companies in the restaurant sector. Equally as important, both brands are in direct alignment with our WOWorks Vision, Mission and Shared Values. They are dedicated to fueling the passions of their team members, guests, partners and communities to give everyone the opportunity to live their best life," Kelly Roddy, WOWorks CEO.

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