Franchise News
The restaurant franchisee behind hundreds of Little Caesars, Wingstop, Jamba, Jersey Mike’s, Sizzler, Red Robin and Dunkin locations has officially been acquired by Bain Capital for over $1 billion.
Sizzling Platter, one of the largest restaurant franchisees in the United States, has been acquired by Bain Capital in a deal reportedly worth over $1 billion.
Sizzling Platter operates more than 460 Little Caesars locations as well as Wingstop, Jamba, Jersey Mike’s, Sizzler, Red Robin and Dunkin’ units. The franchisee, which generated a whopping $1.1 billion in sales in 2024 across more than 700 restaurant locations, ranked No. 5 on the Franchise Times Restaurant 200 list.
The sale was initiated by CapitalSpring, which acquired Sizzling Platter in 2019 and helped drive its expansion into more diversified brands. During its six-year hold, CapitalSpring guided the company through strategic acquisitions, including a major 94-unit Jamba deal in 2023.
CapitalSpring partner Erik Herrmann said the firm felt it was the right time to exit after a strong run and widespread buyer interest, with Bain ultimately emerging as the preferred buyer due to its strong reputation and alignment with brand partners. Bain Capital, known for its experience with major restaurant brands like Burger King and Domino’s, brings deep operational knowledge to the table.
Read the original article here.
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