An affiliate of private equity investment firm HIG Capital has completed the acquisition of T-Bird Restaurant Group, the franchisee of Outback Steakhouse for the state of California, operating 63 stores across the state.
Founder and CEO Thomas Shannon, Jr says: “T-Bird is proud to have successfully represented the Outback brand for more than 20 years in California. The Company is well-positioned to extend its track record of growth and success, especially given the resources and motivation of HIG Capital. For both our customers and employees, I am excited to partner with HIG to continue growing the Outback brand in the California market.”
Elliot Maluth (pictured), Managing Director at HIG Capital, adds: “We are excited to build on the foundation that Tom and his team have established and to accelerate the growth of Outback Steakhouse in California. The management team at T-Bird is well-recognised as the best in the business. Aided by the world class support of the franchisor, Bloomin’ Brands, we are confident in T-Bird’s ability to both drive growth and sustain industry-leading profitability.”
