HuHot restaurants feature create-your-own Asian stir-fry. The company owns and operates 21 HuHot restaurants across the Midwest, including locations in Iowa, Nebraska, Kansas and South Dakota. HuHot is headquartered in Omaha (www.huhot.com).
“CCW has built a strong business on a unique concept, and we’re excited to partner with this experienced management team to build on their tremendous success,” said Marc Leder, Co-CEO at Sun Capital. “The company is well positioned for continued, substantial growth.”
Sun Capital has a background in the restaurant sector through its investments in current affiliated portfolio companies, including Bar Louie Restaurants, a local-themed bar and eatery with more than 100 locations; Boston Market, a fast casual restaurant with 460 nationwide locations; and Smokey Bones, a fire-grilled casual dining restaurant with over 65 locations.
“We are actively exploring development partnerships with fast-casual franchisors, as our focus will be on working with the business’ outstanding operating team to scale this single concept franchisee into a multi-concept platform,” said Sun Capital Managing Director Anthony Polazzi.
Sun Capital invests in leveraged buyouts, equity, and debt in companies that can benefit from its in-house operating professionals and experience. Sun Capital has invested in and managed more than 320 companies worldwide since its founding in 1995. The firm has offices in Boca Raton, Los Angeles and New York; and affiliates in London, Frankfurt, Paris, Stockholm and Shenzhen (www.SunCapPart.com).
© 2016 PEPD • Private Equity’s Leading News Magazine • 2-1-16