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New Deal


Announced

Completed

Fortress-backed SPB Hospitality completed the merger with Krystal Restaurants.

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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Single Bidder

Friendly

Restaurants and Bars

restaurant chain

Majority

Completed

United States

Domestic

fast food restaurants

Acquisition

Private

Merger

Private Equity

Synopsis

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Fortress-backed SPB Hospitality, a full-service dining restaurants operator, completed the merger with Krystal Restaurants, a fast food restaurant chain. Financial terms were not disclosed. “We continue to have enormous confidence in SPB Hospitality and the work the team is doing to build the most successful restaurant group in the industry. Krystal’s time-honored brand, and dynamic team, are significant additions to the SPB portfolio and a major step forward in achieving SPB’s vision,” Morgan McClure, SPB Hospitality President.

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