How active is Private Equity / PE-Backed Roll-Up in restaurant qsr acquisitions?

23 disclosed private equity / pe-backed roll-up acquisitions of restaurant qsr businesses analyzed (23 from 2018+). Run the ExitValue.ai calculator to see what this buyer pool would pay for your specific business.

Who are the most active private equity / pe-backed roll-up buyers of restaurant qsr businesses?

Top recent acquirers by deal count: Roark Capital (2 deals), FAT Brands Inc. (OTCPK:FATA.Q) (2 deals), BurgerFi International, Inc. (:BFIC.Q) (2 deals), Inspire Brands (Roark Capital) (2 deals), Inspire Brands, Inc. (2 deals), TriArtisan Capital Advisors, LLC (1 deals).

BUYER POOL ANALYSIS

Selling a Restaurant Qsr to Private Equity / PE-Backed Roll-Up buyers

Private equity firms and PE-backed platform consolidators acquiring for roll-up, add-on, or platform plays. Pricing tends to lead the market for fee-viable scale, with multi-bidder competitive processes above the EBITDA floor.

Quick answers

How many disclosed transactions?: 23 deals total (23 from 2018+), filtered to Private Equity / PE-Backed Roll-Up acquirers of restaurant qsr businesses.
Most active buyers: Roark Capital (2) · FAT Brands Inc. (OTCPK:FATA.Q) (2) · BurgerFi International, Inc. (:BFIC.Q) (2) · Inspire Brands (Roark Capital) (2) · Inspire Brands, Inc. (2) · TriArtisan Capital Advisors, LLC (1)
What would this buyer pool pay for my business?: Run the ExitValue.ai calculator to see your restaurant qsr priced against the 23 disclosed private equity / pe-backed roll-up transactions in this segment. The engine surfaces the specific multiples that apply to your size, margin, and growth profile.

Recent disclosed deals

Private Equity / PE-Backed Roll-Up acquisitions of restaurant qsr businesses with named target and named acquirer.

Year	Target	Acquirer
2025	Dave's Hot Chicken	Roark Capital
2025	Denny's Corporation	TriArtisan Capital Advisors, LLC
2024	Subway	Roark Capital
2023	Barbeque Integrated, Inc.	FAT Brands Inc. (OTCPK:FATA.Q)
2023	Fiesta Restaurant Group, Inc.	Authentic Restaurant Brands
2022	Freshii Inc.	Foodtastic Inc.

What this buyer pool prices for

Private equity acquirers price for scale and roll-up arbitrage. They pay up for businesses that fit a platform thesis - recurring revenue mix above 30%, technician/professional depth, clean financials, and a management layer that survives integration. A restaurant qsr that fits the platform thesis prices materially above what an individual buyer would pay because PE is buying a platform piece, not an owner-operated shop.

Methodology note

Deal flow shown reflects disclosed M&A transactions in the ExitValue.ai database, filtered to restaurant qsr businesses acquired by private equity / pe-backed roll-up buyers. Deal counts shown reflect deals with disclosed financials only - total transaction count for this buyer pool is typically 2-3x larger. The valuation engine reveals the specific multiples that apply to your business when you run the calculator above. Full methodology

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