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Naf-Naf-Grill-buys-out-Roark-investment.jpg Naf Naf Middle Eastern Grill
Naf Naf Grill and an investor group bought out the minority ownership of Roark Capital.

Naf Naf Grill, investor group buy out Roark ownership

Private-equity firm had taken minority stake in fast-casual Middle Eastern concept in 2015

Naf Naf Grill, the fast-casual Middle Eastern concept, and an investor group have acquired the entire minority ownership in the company previously held by affiliates of Roark Capital Group, the company said Wednesday.

The Chicago-based company did not disclose terms of the deal or the identity of the investor group.

Naf-Naf-CEO-Greg-Willman-200.jpgGreg Willman, left, who was named Naf Naf Grill CEO in May 2020, said in a statement: “I am excited about the future of Naf Naf Grill and want to thank Roark for its support and positive contributions to the company.”

Atlanta-based private-equity Roark Capital Group invested in the concept in 2015.  The brand was named a Nation’s Restaurant News Hot Concept in 2016.

Naf Naf Grill’s website lists 39 locations in eight states, including Illinois, Indiana, Minnesota, New Jersey, Ohio, Pennsylvania, Tennessee and Wisconsin.

Contact Ron Ruggless at [email protected]

Follow him on Twitter: @RonRuggless

 

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