Chanticleer Holdings led a group of investors that acquired Hooters of America Inc. and Texas Wings Inc., the largest Hooters franchisee. Terms of the transaction were not specified. McColl Partners, based in Charlotte, N.C., served as financial advisor to the sellers, the Brooks family.
CHARLOTTE, NC (January 2011) – McColl Partners, LLC served as financial advisor to the estate of the sole shareholder of Hooters of America, Inc. (“Hooters”) in its sale of Hooters to a consortium of private equity investors.
ABOUT HOOTERS OF AMERICA, INC.
Hooters of America, Inc. is the Atlanta-based operator and franchisor of 452 Hooters locations in 44 states and 29 countries worldwide. Founded in 1983, the casual beach-theme establishments feature the “nearly world famous” Hooters Girls, “oldies” jukebox music, sports on television, and a menu that includes seafood, sandwiches, salads, and spicy chicken wings. For more information about Hooters, visit www.hooters.com
ABOUT MCCOLL PARTNERS, LLC
McColl Partners is an independent investment banking firm specializing in the needs of management and owners of middle-market companies. With significant experience working with entrepreneurs, family-owned businesses, private equity groups, public companies, and divisions of large companies, the firm is dedicated to offering strategic advice and assistance to its clients regarding mergers and acquisitions and private capital raising assignments.
For more information about our Consumer Group, please contact Lorin DeMordaunt or Matt Preece at 704-333-0525. For more information about opportunities from our Financial Sponsors Group, please contact Brian Davis at 704-333-0136. More information about McColl Partners can be found at www.mccollpartners.com