🠈  Jack's  🠊


Jack's is a chain with about 160 restaurants in the South. The chain was started in 1960 by Jack Caddell as restaurant with a walk up stand in Homewood, Alabama.

Benny LaRussa, who developed Jack franchises, acquired the firm and continue the growth.

In 2015, Onex Corporation acquired the chain which had 125 restaurants. Onex sold the land used by the restaurants and leased it back to the restaurants.2 They grew the chain to 160 restaurants. Onex then sold the restaurant to AEA Investors for $825 million3.

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  1. Wikipedia - Jack's (Drawn 10/31/2019)
  2. Restaurant Finance - Onex Acquires Jack's (Drawn 10/31/2019)
  3. Restaurant Business - Private Equity Firm Sells Jack's (Drawn 10/31/2019)

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