Axum Capital Partners has acquired a controlling stake in Back Yard Burgers, according to a recent Nation’s Restaurant News article. The 55-unit burger chain was previously owned by Pharos Capital Group, LLC and is hoping the recent deal will help increase its growth.
“We’re well on our way to becoming the market leader in our category, and we’re thrilled to be working with Axum’s experienced leadership team,” said CEO David McDougall.
The Charlotte-based private equity firm targets businesses in the restaurant and education sectors that have less than $100 million in revenue.
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