Foodservice Equipment & Supplies

AUG 2019

Foodservice Equipment & Supplies magazines is an industry resource connecting foodservice operators, equipment and supplies manufacturers and dealers, and facility design consultants.

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Page 15 of 92

AUGUST 2019 FOODSERVICE EQUIPMENT & SUPPLIES 13 High performance technology for precision baking, roasting and regeneration. • Continuous moisture • 6 full size sheet pans • 2 speed fan • Core probe cooking • Multi-stage cooking • Companion proof & hold E 3 5 C O N V E C T I O N O V E N Call 1-800-551-8795 or email WRÀQGRXWPRUH R E T H I N K : P E A K D E M A N D P E R I O D S R E T H I N K For speed, size and versatility - 7XUERIDQ·V(FRQYHFWLRQRYHQ puts you in control. Clark Service Group opened a branch in State College, Pa. This marks the Pennsylvania-based service agent's sixth location and allows it to expand its reach into the state's northern and western regions. Joining the Clark Service Group team as the service manager for the State College area location is Ben Budnyk. In a deal valued at approximately $650 million, private equity firm L Cattertonhas agreed to acquire Del Frisco's Restaurant Group. The all- cash deal is expected to close in the fourth quarter of 2019. The parent company to Fatburger, FAT Brands, has acquired Elevation Burger for $10 million. Elevation Burger was conceived in 2002 by Hans Hess as a healthier burger oering. The con- cept franchises 44 locations across the U.S. and internationally. By acquiring Elevation Burger, FAT Brands intends to leverage its expertise and resources to accelerate the concept's growth both internationally and domestically. Hooters of America is about to get a new nesting spot. Private investment firms Nord Bay Capital and TriArti- san Capital Advisorshave agreed to acquire the chain from owners H.I.G. Capital, Chanticleer Holdings and other investors. Financial terms of the deal were not disclosed. The Middleby Corporation acquired Ss Brewtech, a maker of professional craft brewing and bever- age equipment. Founded in 2013, Ss Brewtech has $20 million in annual revenues, per a release announcing this transaction. Canadian multi-concept operator MTY Food Group Inc. continued its spate of acquisitions by agreeing to purchase the assets of Yuzu Sushi, a chain of sushi restaurants. The deal is expected to close within 45 days of the June 6 announcement. A June 26 fire destroyed the New Albany, Miss., warehouse leased by Standex Refrigerated Solutions Group. No employees were in the warehouse at the time, and there were no injuries reported, per a Standex release. The cause of the fire is currently under investigation. The fire has not signifi- cantly interrupted manufacturing. Chicago-basedBDT Capital Part- nershas acquired a majority interest in Whataburger. The burger chain's head- quarters will remain in San Antonio. After acquiring a 78,000-square- foot oce building, Wingstop will relo- cate its corporate headquarters to Ad- dison, Texas. Wingstopwill be the sole occupant of the facility, which includes a combination of open oce areas, com- mon spaces, conference rooms, training facilities and a fitness center. The new facility will also house the chain's global test kitchen, an innovation center and a mock Wingstop restaurant. IN BRIEF 20 The number of locations Qdoba Mexican Eats plans to open in the Alabama and Atlanta markets 6 The number of locations BurgerFi plans to open in Puerto Rico

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