Private investment firm Bain Capital has acquired restaurant franchise growth platform Sizzling Platter to help accelerate its expansion strategy.
Founded in 1963, Sizzling Platter operates a portfolio of fast-casual and quick-service restaurant brands, including Little Caesars, Wingstop, Jersey Mike’s, Dunkin’, and Jamba. The company employs over 13,000 team members across more than 800 locations in the US and Mexico.
Bain Capital bought the business from CapitalSpring via its North America division. Financial terms of the deal were not disclosed.
Sizzling Platter will continue to be led by CEO Nathan Garn following the transaction.
“Bain Capital’s extensive experience investing in growing restaurant businesses makes it the right value-added partner to help expand our platform,” said Garn. “Together, we have an aligned vision on how we can continue to innovate and lead in a rapidly evolving industry.”
“With an exceptional portfolio of category defining brands, deep operational expertise, and a proven track record of profitable growth, we believe that Sizzling Platter is uniquely positioned to continue to scale as a global leader in franchising,” added Adam Nebesar, a partner at Bain Capital.