By Mike Sunnucks | Rose Law Group Reporter
The restaurant group that owns Fatburger, Twin Peaks and Johnny Rockets has acquired Chandler-based Native Grill & Wings for $20 million.
Los Angeles-based FAT Brands Inc. (Nasdaq: FAT) has acquired the Arizona restaurant chain from Wingtime LLC.
The acquisition bolsters FAT Brands footprint in the chicken wings restaurant segment, according to the company.
“Chicken wings make up a key part of FAT Brands’ diverse portfolio. Prior to forming FAT Brands, Fatburger’s first acquisition was a wing brand, Buffalo’s Cafe, in 2011,” said FAT Brands CEO Andy Wiederhorn. “We have a strong pulse on the space having been in it for a decade now. Native Grill & Wings further complements our domestic presence, providing a larger footprint for us on the West Coast when it comes to our wing brands.”
FAT Brands also owns Round Table Pizza and Fazoli’s.
Chandler-based Native Grill & Wings is best known in Arizona for its Native New Worker brand.
Wingtime LLC is a subsidiary of Ohio-based Cybeck Capital Partners.