Private-equity firm takes position in casual-dining restaurant
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Private-equity firm 10 Point Capital has made a growth investment in Walk-Ons Sports Bistreaux, the companies announced Tuesday.
The Baton Rouge, La.-based casual-dining Walk-On’s, which has more than 40 units in nine states, said the investment by the Atlanta-based 10 Point Capital would enable the brand to add new locations. Terms of the deal were not disclosed.
“We are excited to partner with 10 Point Capital to capitalize on our momentum and further accelerate the company's expansion,” said Brandon Landry, founder and CEO of Walk-On's, in a statement. “Their proven track record of helping founders drive national expansion for their concepts is exactly what we were looking for."
Walk-On’s said it would continue to target strategic franchise development in key markets throughout the Southeast and Midwest.
“Brandon has built an exceptional brand through amazing food, service and franchisee support,” said Scott Pressly, co-founder of 10 Point Capital. “Walk-On’s has become the ‘go-to’ destination for sporting events, family celebrations and date night.”
Walk-On’s Sports Bistreaux was founded in 2003 by Landry, a former walk-on basketball player at Louisiana State University. The brand has a Louisiana-inspired menu, and the décor is focused on sports.
Other investments by 10 Point Capital include Tropical Smoothie Cafe, Slim Chickens and Phenix Salon Suites.
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