LUTZ BUSINESS INSIGHTS
Lutz M&A advises CCW, LLC, largest franchisee of HuHot Restaurants, on its recent buyout by an affiliate of Sun Capital Partners, Inc.
BILL KENEDY, LUTZ CONSULTING AND M&A SHAREHOLDER
Lutz M&A announced that it served as the exclusive financial advisor to CCW, LLC (CCW), the largest franchisee of HuHot Mongolian Grill restaurants, in connection with its recent sale to an affiliate of Sun Capital Partners, Inc. (Sun Capital). The transaction closed on Jan. 28, 2016.
Founded in 2001 and based in Omaha, Neb., CCW 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 that features create-your-own Asian stir-fry dishes. With a simple pricing structure, a unique and customizable menu, and a rapid service model, the HuHot brand continues to grow and expand.
Gayle Carstens, founder and majority owner of CCW, stated, “We are extremely excited about our sale transaction. With their long track record of success in the restaurant industry, Sun Capital brings unparalleled experience, skill and perspective that will prove invaluable going forward. The CCW management team is genuinely eager to both grow HuHot and add additional brands to their mix.”
Commenting on the transaction for Lutz M&A, Bill Kenedy said, “We welcomed the opportunity to represent CCW on its recent buyout. The combined resources of CCW and Sun Capital makes for an exciting combination. We believe this is truly a win-win outcome.” On working with Lutz M&A, Mr. Carstens stated, “We very much appreciate Lutz’s guidance and stewardship on this complex deal. The Lutz team ran the entire process with confidentiality and professionalism. We are very pleased with the outcome.”
ABOUT THE AUTHOR
BILL KENEDY + LUTZ CONSULTING AND M&A SHAREHOLDER
Bill Kenedy is a Lutz Consulting and M&A Shareholder at Lutz. He specializes in business valuation, litigation support, and merger and acquisition advisory services.
AREAS OF FOCUS
AFFILIATIONS AND CREDENTIALS
- American Institute of Certified Public Accountants, Member
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- Certified Public Accountant
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