🠈 SPB Hospitality 🠊
SPB Hospitality is a holding company, based in Nashville, created by Fortress Investment Group for restaurant acquisitions. Fortress, in turn, is owned by Softbank.
It appears that Fortress created SPB in 20205 for the purchase of Craftworks Restaurant Group which owned several chains of brew pubs and Old Chicago Pizza.
Fortress created Golden Child Holdings for the acquisition of Krystal Burger, based in Chattanooga, along with a large Pizza Hut franchise.
CraftWorks Restaurants was a multibrand chain of restaurants headquartered in Broomfield, Co. Many of the restaurants include brewed beers making it the largest chain of brew pubs in the US.
CraftWorks Brands include Old Chicago Pizza, Rock Bottom Restaurants, Big River Grille, Gordon Biersch Restaurants, Sing Sing Piano Bars, ChopHouse Brewery, and Walnut Brewery (on Walnut Street in Boulder).
Old Chicago Pizza
Old Chicago Pizza was founded in 1976 by pizza lovers (including Frank Day) in Boulder, Colorado. The chain is committed to serving handmade pizza from fresh ingredients.
Gordon Biersch Brewery Restaurant
The Gordon Biersch Brewery Restaurant opened in Palo Alto in 1988. The company specializes in German style beers brewed in compliance with the Reinheitsgebot German Purity Law of 1516. Gordon Biersch merged with Big River Brewing Company in 1999 then with RockBottom in 2010.
Rock Bottom Restaurants
Rock Bottom Restaurants was created by Thomas A. Moxcey and Frank Day (of Old Chicago Pizza) as a concept restaurant with an open kitchen and in house brews.
Logan's Roadhouse is a chain with over 200 restaurants in 23 states. Craftworks acquired Logan's in 2018.
This sections shows select corporate events in the company's history.
- 1976: Frank B. Day opened the first Old Chicago restaurant in Boulder, Colorado.
- 1991: The first Rock Bottom restaurant opened in Denver.
- 1994: Rock Bottom held an initial public offering.
- 1999: The firm is taken private in a management buyout.
- 2004: RBR opened its 100th restaurant.
- 2010: Centerbridge Private Equity acquired Craftworks.
- 2018: Craftworks acquired Logan's Roadhouse chain of restaurants. The CEO of Logan's, Hazem Ouf, became the CEO of the merged firm.
Logan's Roadhouse is a chain with over 200 restaurants in 23 states.
- 1991: Dave Wachtel and Charles McWhorter started the chain in Lexington, Kentucky.
- 1995: Logan's raised more than $13 million with an IPO on NASDAQ with the symbol: RDHS.
- 1999: CBRL Group (owners of Cracker Barrel) acquired Logan's for $170 million.
- 2006: Bruckmann, Rosser, Sherrill & Co., Canyon Capital Advisors LLC and Black Canyon Capital LLC jointly acquired Logan's for $486 million.
- 2010: Kelso & Company acquired Logan's
- 2016: Logan's for bankruptcy with plans to close 18 of its 256 restaurants. It reduced its debt from $400 million to $100 million.
- 2017: Kelso appoints Hazem Ouf as the CEO after a nationwide search (businesswire)
- 2018: Craftworks acquired the chain.
- 2020: Craftworks declared bankruptcy and closed 37 restaurants.
- Funding Universe - Rock Bottom Restaurant (Drawn 9/22/2019)
- Wikipedia - Craftworks (Drawn 9/22/2019)
- Logan's Road House - Craftworks Acquisition (Drawn 9/22/2019)
- Funding Universe - Logan's History (Drawn 9/22/2019)
- Tennessee Business Records (Drawn 9/25/2020)
- Phoenix Color - Pizza: Old Chicago Pizza
- Pima County - Pizza: Old Chicago Pizza
- Boulder Color - Pizza: Old Chicago Pizza
- Colorado Springs Color - Pizza: Old Chicago Pizza
- Denver Color - Beer: Gordon Biersch
- Denver Color - Pizza: Old Chicago Pizza
- Fort Collins Color - Pizza: Old Chicago Pizza
- Grand Junction - Pizza: Old Chicago Pizza
- Cheyenne, Wyoming. US - Pizza: Old Chicago Pizza
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