Harris Williams & Co. Advises Huddle House, Inc. on its Sale
Harris Williams & Co., a preeminent middle market investment bank focused on the advisory needs of clients worldwide for more than 25 years, announces the sale of Huddle House, Inc. (Huddle House), a portfolio company of Sentinel Capital Partners (Sentinel), to a family office investor. Harris Williams & Co. served as financial advisor to Huddle House. The transaction was led by Glenn Gurtcheff, Brant Cash, Andy Warczak and Brant Wilczek of Harris Williams & Co.’s Consumer Group.
“Huddle House’s focus on the breakfast daypart and unique position in underserved markets has differentiated the brand over its 50 year history,” said Brant Cash, a director at Harris Williams & Co. “Under Sentinel’s ownership, management revitalized the brand and strengthened the company’s franchise platform to accelerate growth and position Huddle House for continued success.”
“The M&A market continues to demonstrate high interest in strong franchise concepts that generate robust cash flow streams,” added Glenn Gurtcheff, a managing director at Harris Williams & Co. “Restaurant brands with proven and growing franchise platforms are attractive assets in today’s marketplace.”
Huddle House is an Atlanta-based family dining restaurant chain known for serving “Any Meal, Any Time.” Since its founding in 1964, Huddle House has remained committed to its core values of serving freshly prepared, quality food in a warm, friendly environment that brings the community together. Huddle House serves a variety of breakfast, lunch and dinner items across its footprint of over 350 restaurants, located primarily in the South and Southeast U.S.
Sentinel specializes in buying and building lower-middle market companies in the U.S. and Canada in partnership with management. Sentinel targets aerospace and defense, business services, consumer, distribution, food and restaurants, franchising, healthcare and industrial businesses. Sentinel invests in management buyouts, recapitalizations, corporate divestitures and going-private transactions of established businesses with EBITDA of up to $65 million. Sentinel also invests in special situations, including balance sheet restructurings and operational turnarounds.
Harris Williams & Co. (www.harriswilliams.com), a subsidiary of the PNC Financial Services Group, Inc. (NYSE:PNC), is a preeminent middle market investment bank focused on the advisory needs of clients worldwide. The firm has deep industry knowledge, global transaction expertise and an unwavering commitment to excellence. Harris Williams & Co. provides sell-side and acquisition advisory, restructuring advisory, board advisory, private placements and capital markets advisory services.
Harris Williams & Co.’s Consumer Group has completed more than 50 transactions in recent years across a variety of verticals, including branded consumer products; consumer services; food, beverage and agribusiness; and restaurant and retail. For more information on Harris Williams & Co.’s Consumer Group and other recent transactions, visit the Consumer Group’s section of the Harris Williams & Co. website.
Investment banking services are provided by Harris Williams LLC, a registered broker-dealer and member of FINRA and SIPC, and Harris Williams & Co. Ltd, which is a private limited company incorporated under English law with its registered office at 5th Floor, 6 St. Andrew Street, London EC4A 3AE, UK, registered with the Registrar of Companies for England and Wales (registration number 07078852). Harris Williams & Co. Ltd is authorized and regulated by the Financial Conduct Authority. Harris Williams & Co. is a trade name under which Harris Williams LLC and Harris Williams & Co. Ltd conduct business.