Business to Transform to Multi-Concept Growth Platform
BOCA RATON, FL – February 1, 2016 – Sun Capital Partners, Inc. (“Sun Capital”), a leading private investment firm specializing in leveraged buyouts and investments in market-leading companies, today announced that an affiliate has completed the acquisition of CCW, LLC (“the Company”), the largest franchisee of HuHot Mongolian Grill (“HuHot”) restaurants.
The Company, headquartered in Omaha, Nebraska, owns and operates 21 HuHot restaurants across the Midwest, including locations in Iowa, Nebraska, Kansas and South Dakota. HuHot Mongolian Grill is a fast growing restaurant concept in the United States that features create-your-own Asian stir-fry. With a simple pricing structure, a unique and customizable menu, and rapid service model, the HuHot brand continues to experience strong expansion.
“CCW has built a strong business on a unique concept, and we’re excited to partner with this experienced management team to build on their tremendous success,” said Marc Leder, Co-CEO at Sun Capital. “The company is well positioned for continued, substantial growth.”
“We see significant opportunity for CCW to expand with the HuHot brand and beyond. We are actively exploring development partnerships with fast-casual franchisors, as our focus will be on working with the business’ outstanding operating team to scale this single concept franchisee into a multi-concept platform,” explained Sun Capital Managing Director Anthony Polazzi.
Sun Capital has strong expertise in the restaurant sector through its investments in current affiliated portfolio companies, including Bar Louie Restaurants, an eclectic local bar and eatery with more than 100 locations across the U.S.; Boston Market, a fast casual restaurant serving quality, home style meals at a convenient value in more than 460 nationwide locations; and Smokey Bones, a leading fire-grilled casual dining restaurant with over 65 locations.