Franchise News
Nation’s Restaurant News: Axum Capital Partners Buys Back Yard Burgers
Charlotte-based private equity firm acquires Back Yard Burgers to increase growth.
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.
Click here to read the full article.
Don’t Miss the Next Big Franchise Story
Sign up for the 1851 Franchise newsletter to get our biggest stories before everyone else
By signing up, you agree to our user agreement (including class action waiver and arbitration provisions), and acknowledge our privacy policy.
About the Author
Brigit Larson
FollowBrigit Larson is an 1851 contributor and a graduate of the University of Wisconsin-Madison
