Purchase of Mexican fine-dining concept is largest transaction to date for BBQ Holdings, soon to be Famous Hospitality
BBQ Holdings, the parent of Famous Dave’s, finalized its acquisition of Barrio Queen for $28M. The 100-unit multi-brand company completed the purchase April 11, marking the largest to date for BBQ Holdings.
Barrio Queen, a 7-unit Arizona-based, Mexican fine-dining chain, fits into BBQ Holdings’ current strategy. According to executives, it provides a brand that fills a gap in the portfolio of BBQ Holdings.
Expansion of the Barrio Queen concept is ongoing. A new restaurant will open in the first quarter of 2023. In addition, BBQ Holdings, soon to be Famous Hospitality, will focus future, new-unit development in Texas, Nashville and Florida.
“Completing the acquisition is a testament to the years of hard work and dedication the Barrio team has committed to building the brand into the multi-location restaurant concept it is today,” said Linda Nash, former co-owner of Barrio Queen with her husband Steve Rosenfield. “The transition with the BBQ Holdings team was seamless, and we can’t wait to see what the future holds for the Barrio Queen brand.”
Jeff Crivello, CEO of BBQ Holdings, commented, “Barrio Queen has evolved into a brilliant brand. The authentic Mexican dining experience, and extensive tequila menu has built a loyal following and is truly unlike any of our other brands. We are excited to take the beloved brand that Barrio Queen’s team has built and usher it into its next phase of growth.”
What’s more, Barrio Queen marks BBQ Holdings’ third acquisition in the last year. The company also owns the Granite City Food and Brewery, Real Urban BBQ, Village Inn, Bakers Square, and Tahoe Joe’s Famous Steakhouse concepts.
Crivello added, “A major pillar of growth at BBQ Holdings is to build a diversified portfolio of food and beverage brands. Barrio Queen fits the bill perfectly and will ideally lead to a number of equally diverse acquisitions in the future.”
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