On March 3, 2025, Authentic Restaurant Brands (“ARB”), a portfolio company of Garnett Station Partners (“Garnett Station”), announced the acquisition of Broadway Hospitality Group (“BHG” or the “Company”).
Kroll's Consumer & Restaurant Investment Banking Team served as the exclusive sell-side M&A advisor to Broadway Hospitality Group in connection with the transaction.
About Broadway Hospitality Group
Broadway Hospitality Group (BHG) is a full-service hospitality management company headquartered in South Boston, Massachusetts. Established in 2004, BHG has established a reputation for creating and operating unique dining experiences throughout the Greater Boston area. BHG's portfolio includes 17 Tavern in the Square locations, as well as other celebrated concepts The Broadway, The Mercantile, The Derby and The PlayWright.
Each restaurant within the BHG family has its own distinct identity, but all share a commitment to delivering exceptional guest experiences tailored to the neighborhoods they serve. BHG is dedicated to excellence, aiming to exceed expectations with every visit and provide guests with an unforgettable experience.
About Authentic Restaurant Brands
Authentic Restaurant Brands is a platform of powerhouse, regional restaurant brands with extraordinary customer brand loyalty and rich, authentic stories. Established in 2021, ARB is a Garnett Station Partners portfolio company currently comprised of five market-leading, iconic brands, each with over 25-year operating histories, including Primanti Bros Restaurant & Bar, based in Pennsylvania, West Virginia, Ohio and Maryland, P.J. Whelihan's Pub & Restaurant, based in the Greater Delaware Valley, including Philadelphia and South Jersey, Mambo Seafood, based in Houston and San Antonio, Texas, Fiesta Restaurant Group, parent company of Pollo Tropical, based in Florida and Broadway Hospitality Group, parent company of Tavern in the Square.
ARB is strongly committed to growing each of our brands by leveraging their respective foundations, while sharing best practices across our portfolio under our common ownership. For more information, please visit www.authenticrb.com.
About Garnett Station Partners
Garnett Station Partners is a principal investment firm founded in 2013 by Matt Perelman and Alex Sloane that manages over $3.5 billion of assets. Garnett Station partners with experienced and entrepreneurial management teams and strategic investors to build value for its portfolio of growth platforms. The firm draws on its global relationships, operational experience and rigorous diligence process to source, underwrite and manage investments. Core sectors include consumer and business services, health and wellness, automotive, and food and beverage. Garnett Station's culture is based on the principles of entrepreneurship, collaboration, analytical rigor and accountability. For more information, please visit garnettstation.com.
