BBQ Holdings, Inc. Announces Their Intent to Acquire the Assets of Granite City Food and Brewery
14 February 2020 - 12:26AM
BBQ Holdings, Inc., the parent company of Famous Dave’s, Clark Crew
BBQ and Real Famous BBQ, announced today that they have entered
into an asset purchase agreement, pursuant to which BBQ Holdings
will acquire the assets of Granite City Food and Brewery.
The Granite City Food and Brewery brand and its loyal customer
following will contribute greatly to BBQ Holdings current and
growing portfolio of restaurant brands. Founded in 1999, Granite
City is highly regarded in the casual dining space for brewing
their own award-winning beers and their beloved, made-from-scratch
menu.
“This meaningfully accretive acquisition of Granite City Food
and Brewery aligns with our strategy to accelerate growth and
expansion as a multi-brand restaurant company,” said Jeff Crivello,
Chief Executive Officer of BBQ Holdings. “As an award-winning
concept, Granite City is a fantastic addition to the BBQ Holdings
family, and we look forward to the synergies we can create between
multiple brands.”
“Granite City, winner of Nation’s Restaurant News Hot Concept
award is known for their brunch, patios, and of course locally
brewed craft beer. Granite City fits in well with our
operating philosophy of great food and great service,” said
Crivello.
In addition to the announcement, BBQ Holdings, Inc., also
recently opened several new restaurant concepts including Clark
Crew BBQ in Oklahoma City, Real Famous BBQ in Utah and the first of
several smaller-footprint concepts, in its home market of
Minneapolis.
ABOUT BBQ HOLDINGS, INC.:BBQ Holdings, Inc.
(NASDAQ: BBQ) is a national restaurant company engaged in the
ownership and operation of casual and fast dining
restaurants. As of December 9, 2019 BBQ Holdings has three
brands with 126 overall locations in 33 states and three countries,
including 31 company-owned and 94 franchise-operated restaurants.
While BBQ Holdings continues to diversify its ownership in the
restaurant community it was founded with the principle of combining
the “art and science” of barbecue to serve up the very best of the
best to barbecue lovers everywhere. A wide variety of BBQ favorites
including signature award-winning St. Louis- Style Ribs, Texas Beef
Brisket, Georgia Chopped Pork, and Country-Roasted Chicken are
offered. BBQ Holdings, through partnerships, has extended Travis’
award winning line of barbecue sauces, rubs and seasonings into the
retail market.
MEDIA CONTACT:Jennifer HochNo Limit
Agency312-526-3996jennifer@nolimitagency.com
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