Duff & Phelps Advised Ovation Brands on it's Sale to Food Management Partners
Ovation Brands, the nation’s largest company-owned and operated buffet company, has been acquired by Food Management Partners. The transaction closed on August 19, 2015.
Duff & Phelps served as exclusive financial advisor to Ovation Brands in connection with the sale transaction.
About Ovation Brands
Ovation® Brands, based in Greer, South Carolina operates over 300 restaurants in 35 states. Its portfolio includes five buffet brands - Ryan’s®, HomeTown® Buffet, Old Country Buffet®, Country Buffet®, and Fire® Mountain and one polished casual brand, Tahoe Joe’s® Famous Steakhouse. Ovation employs over 17,000 team members and serves approximately 80 million customers annually. Willkie Farr & Gallagher LLP acted as legal counsel to Ovation Brands.
About Food Management Partners
Food Management Partners, based in San Antonio, Texas, is a multi-concept operator of franchised and independent restaurant brands co-founded by industry veterans in 1999. It owns and operates Catalina Restaurant Group, Zio's Italian Kitchen, Don Pablo's and Furr's Fresh Buffet, and also owns Dynamic Foods, a food manufacturing and distribution facility. Dykema Cox Smith acted as legal counsel to Food Management Partners.