BBQ To Acquire Village Inn And Bakers Square For Undisclosed Sum

  • BBQ Holdings Inc BBQ has agreed to buy Village Inn, a family restaurant concept with 21 company-owned restaurants and 114 franchised restaurants, and Bakers square, a pie and comfort food concept currently with 13 company-owned restaurants.
  • The terms of the deal were not disclosed.
  • The transaction is expected to close by the end of July.
  • "We believe the Village Inn and Bakers Square concepts are a great complement to our growing portfolio of restaurants," said Jeff Crivello, Chief Executive Officer, BBQ.
  • BBQ has cash and equivalents of $21.2 million as of March 31, 2021.
  • Price action: BBQ shares are trading higher by 5.92% at $17.17 on the last check Friday.
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