Announced
Financials
Sources
Tags
Majority
Restructuring
Restaurants and Bars
restaurants
airport eateries
United States
Acquisition
Domestic
Private
Private Equity
Pending
Friendly
Single Bidder
Synopsis
A consortium led by private equity firms Oaktree Capital and Centerbridge Partners agreed to acquire OTG, the hospitality group responsible for transforming the airport dining experience. Financial terms were not disclosed. "I'd like to thank all of the dedicated Crewmembers of OTG, suppliers, business partners, airlines, airport authorities and everyone who helped the company become what it is today. I look forward to seeing what OTG does next," Rick Blatstein, OTG Founder.
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