---
title: "Nation’s Restaurant News: Axum Capital Partners Buys Back Yard Burgers"
url: https://burnaze.com/article/515eb873-a07b-4267-9880-5c026aec4142
source: "1851 Franchise"
original_url: https://1851franchise.com/nations-restaurant-news-axum-capital-partners-buys-back-yard-burgers-2703278
category: "Burger"
industry: "Restaurants"
segment: "Burger"
published: 2017-07-10T15:10:36.000Z
modified: 2026-11-01T02:35:15.232Z
image: https://newimage.1851franchise.com/cdn-cgi/image/quality=85,format=webp,width=1280,height=720/story/featureImage/6fddf4c6fe2b26825b65c53a76427b272219.jpg
---

# Nation’s Restaurant News: Axum Capital Partners Buys Back Yard Burgers

**TL;DR:** Axum Capital Partners has acquired a controlling stake in Back Yard Burgers, a 55-unit burger chain. The deal is expected to help increase the chain's growth.

*originally published in 1851 Franchise on 2017-07-10. [Read the original](https://1851franchise.com/nations-restaurant-news-axum-capital-partners-buys-back-yard-burgers-2703278).*

## Story

Axum Capital Partners has acquired a controlling stake in Back Yard Burgers, according to a recent Nation’s Restaurant News article. The 55-unit burger chain was previously owned by Pharos Capital Group, LLC and is hoping the recent deal will help increase its growth.

“We’re well on our way to becoming the market leader in our category, and we’re thrilled to be working with Axum’s experienced leadership team,” said CEO David McDougall.

The Charlotte-based private equity firm targets businesses in the restaurant and education sectors that have less than $100 million in revenue.

## Entities

- 1851 Franchise (publication)
- Restaurants (sector)
- unit expansion (topic)
- private equity (topic)
- restaurant investment (topic)

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Originally reported by 1851 Franchise (https://1851franchise.com/nations-restaurant-news-axum-capital-partners-buys-back-yard-burgers-2703278). Summarized by Burnaze (https://burnaze.com/article/515eb873-a07b-4267-9880-5c026aec4142).