TL;DR
BBQ Holdings, Inc. announces its intent to acquire the assets of Granite City Food and Brewery, expanding its portfolio of restaurant brands. The acquisition aligns with BBQ Holdings' strategy to accelerate growth and expansion as a multi-brand restaurant company.
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.
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, 2019BBQ 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.
In this story
This story was originally published in Franchising.com on February 13, 2020. Burnaze summarizes and links to the original reporting.
Read the full story at Franchising.comLiked this? Get the week's franchise news, explained
- Sunday 8 AM ET weekly + a monthly deep dive
- Sections picked for the industries you follow
- Every claim linked to its source. Free.