Garnett Station Partners takes major stake in P.J. Whelihan’s parent
Garnett Station’s investment in PJW Restaurant Group should accelerate growth of steak, pub concepts in N.J.-Del. region
Garnett Station Partners has invested in the PJW Restaurant Group, operator of P.J. Whelihan’s, taking a significant stake. The infusion in the company is based on an agreement with founder Bob Platzer, CEO Jim Fris and the management team.
The transaction will help continue to grow the neighborhood pub and restaurant brand, and its sister concepts. P.J. Whelihan’s has become the largest such concept in the Greater Delaware Valley.
“We’re extremely excited to announce our investment in P.J. Whelihan’s, an iconic brand in one of America’s greatest sports markets,” said Matt Perelman, co-founder and managing partner at Garnett Station. “Over the last three years, we’ve worked closely with Bob and Jim to thoughtfully develop a strategic growth plan to extend the P.J. Whelihan’s magic to additional communities in New Jersey and Pennsylvania. We are grateful to Bob and Jim for the opportunity to further invest in this incredible brand.”
After the Garnett Station investment in PJW, the private equity firm will take a stake in all 26 units under the PJW umbrella, including its namesake P.J. Whelihan’s. In addition, it also takes a stake in The PourHouse, a high-end gastro-pub, The Chophouse, a legacy, high-end steakhouse, The Chophouse Grille, Treno, and taco and tequila bar Central.
“Matt and Alex are aligned entrepreneur investors with a very strong track record of success,” said Bob Platzer, founder and executive chairman of PJW. “I founded the first P.J. Whelihan’s in 1983 to not only fulfill my own entrepreneurial and culinary dreams, but to create an authentic dining atmosphere with deep ties to the community. In partnership with Garnett Station, PJW will be able to build upon it’s already impressive growth and achieve new goals.”
Terms of the Garnett Station investment in PJW were not disclosed.
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