Garnett Station Partners plans to accelerate growth and development of Firebirds Wood Fired Grill upon its acquisition of the North Carolina-based restaurant chain.
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North Carolina-based Firebirds Wood Fired Grill has been acquired by Garnett Station Partners LLC, a New York-based investment firm. Terms of the deal were not disclosed.
Firebirds, founded in 2000, has 56 locations across 20 states and is known for its wood-burning grill and firebar. Its signature items include hand-cut steaks, seafood and chicken and ribs. According to a news release, Garnett Station’s acquisition will enable Firebirds to accelerate growth and development.
"We are incredibly proud of the brand that Firebirds is today and are thrilled to work in partnership with Garnett Station as we enter this next chapter," said Steve Kislow, CEO of Firebirds, in a statement. "Through our bold menu offerings and customer-oriented approach, Firebirds has become a neighborhood staple in each of the local communities we operate in. We are confident that Firebirds will continue its impressive trajectory of growth while delivering the best possible dining experience for our guests."
"Firebirds has found tremendous success over the past 20 years through the power of its concept, the passion of its team and the loyalty of its guests, contributing to its consistent industry outperformance from both an average unit volume and same store traffic perspective," Matt Perelman, co-founder and managing partner at Garnett Station, said in a statement. "We look forward to working closely with Steve and the entire management team to support and accelerate the brand’s long-term growth."
This agreement marks the latest acquisition in a somewhat busy 2023. Other deals include 1000 Degrees’ acquisition of My Pie Pizza, Mighty Quinn’s investment in Slows Bar BQ and Xperience Restaurant Group’s acquisition of Rio Mambo Tex Mex y Mas and The Rim.
TD Cowen and Netrex Capital Markets, LLC served as financial advisors to Garnett Station Partners. Kirkland & Ellis LLP served as legal advisor to Garnett Station Partners. NorthPoint Advisors served as financial advisor to Firebirds.
Contact Alicia Kelso at [email protected]
