According to a statement from Allied, "the senior management ofHuddle House also made a significant debt and equity investment inthe company." An Allied spokesman declined to tell GSR whatproportion of the company it acquired, but says, "typically themanagement-stake in this type of private equity transaction isbetween 10% and 30%."
Huddle House is the country's fifth largest full-servicerestaurant chain, based on number of franchised units. It operates400 family dining restaurants in 17 states throughout the Southeastand mid-Atlantic regions as well as in Texas and Missouri. Ofthose, 123 new units were opened within the past four years.
Best known for breakfast fare, Huddle House serves allday-parts, including lunch and dinner, with full table service. Itspecializes in moderate price meals and was founded in 1964.
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